Publisher
Bank for International Settlements (BIS)
Media Date
3-1-2009
Media Type
Document
Content Type
Article-Newsletter/Agency
Country/Region
United States
Language
English
Crisis
Global Financial Crisis (2007-2009)
Additional Information
The Lehman Brothers failure stressed global interbank and foreign exchange markets because it led to a run on money market funds, the largest suppliers of dollar funding to non-U.S. banks. Policy stopped the run and replaced private with public funding.
Recommended Citation
Bank for International Settlements (BIS); Baba, Naohiko; McCauley, Robert N.; and Ramaswamy, Srichander, "U.S. Dollar Money Market Funds and Non-U.S. Banks" (2009). Documents. 950.
https://elischolar.library.yale.edu/ypfs-documents/950
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