We document the consequences of money market fund risk taking during the European sovereign debt crisis. Using a novel …

liquidity, the real effects of liquidity choices, and the impact of the 2008-9 Financial Crisis on firms' liquidity management …

) during the financial crisis. Many observers have argued that the fall in prices was partly driven by decreased liquidity and … at much lower prices than other insurance companies during the crisis …

find that the abnormal cash holdings of U.S. firms after the crisis represent on average 1.86% of assets. While U.S. firms … domestic firms after the crisis. Further, U.S. multinationals increased their cash holdings since the late 1990s relative to …, regulation, or poor governance can explain the abnormal cash holdings of U.S. firms after the crisis …

multinationality. The crisis leaves only small traces in the recent cash holdings of firms. Firms throughout the world decreased their … cash holdings during the crisis and replenished their cash holdings afterwards as expected with the precautionary motive … the crisis. There is no evidence that the determinants of cash holdings changed from before the crisis to after the crisis …