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- W2095135324 abstract "The rapid growth of money market mutual funds (MMMFs) in the late 1970s and early 1980s has generally been viewed as a response of financial markets to ceilings on interest rates imposed by regulation Q on banks and savings and loans institutions. In December of 1982, an important deregulatory measure was introduced permitting banks to offer money market asset accounts free from interest rate ceilings. We analyze the impact of this deregulation on the market for MMMFs. Data is used to estimate an appropriate functional form for the demand of MMMFs. It is argued that the introduction of money market accounts by banks led to a significant decline in the long-run demand for MMMFs." @default.
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- W2095135324 date "1989-03-01" @default.
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- W2095135324 title "Deregulation and the demand for money market mutual funds" @default.
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- W2095135324 doi "https://doi.org/10.1016/0164-0704(89)90044-x" @default.
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