| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5088657 | Journal of Banking & Finance | 2015 | 4 Pages |
Abstract
We examine the cost of liquidity in rates on CDs purchased by money market funds (MMFs). We find no evidence that rates vary directly with the size of CDs. However, we do find that large MMFs receive higher rates on large CDs than small MMFs. This suggests banks pay for (potential) liquidity.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Matthew D. Whitledge, Drew B. Winters,