Flight-to-quality—Money market mutual funds and stablecoins during the March 2023 banking crisis

C-Tier

Journal: Economics Letters

Year: 2024

Volume: 234

Issue: C

Authors (3)

Oefele, Nico (not in RePEc) Baur, Dirk G. (not in RePEc) Smales, Lee A. (University of Western Australi...)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

The March 2023 banking crisis prompted a flight-to-quality, with inflows into money market mutual funds and outflows from stablecoins. Similar flows from riskier to safer categories within both asset classes highlight the important role of reserve assets and issuer size.

Flight-to-quality—Money market mutual funds and stablecoins during the March 2023 banking crisis

Authors (3)

Abstract

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