The Us Debt Crisis 2023 and Money Market Funds

We study the fiscal debt crisis in the US during early 2023 on Money Market Funds (MMFs). We report a spike in yields by approximately 150 basis points for MMFs investing in federal government securities. In addition, due to the debt crisis, investors started withdrawing money from treasury funds due to a "flight to safety." However, there is no statistically significant asset flow from the government and prime MMFs. Finally, we discuss the implications of our results

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Year of publication:	[2023]
Authors:	Keshav, Vaibhav ; Chaure, Trupti
Publisher:	[S.l.] : SSRN
Subject:	Geldmarktfonds \| Money market fund \| Internationale Staatsschulden \| International sovereign debt \| Finanzkrise \| Financial crisis \| Geldmarkt \| Money market \| Schuldenmanagement \| Debt management

Extent:	1 Online-Ressource (13 p)
Type of publication:	Book / Working Paper
Language:	English
Other identifiers:	10.2139/ssrn.4460892 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014354441