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Article: FEDERAL RESERVE BOARD OF GOVERNORS VICE CHAIRMAN DONALD L. KOHN DELIVERS REMARKS AT THE FEDERAL RESERVE BANK OF NEW YORK AND COLUMBIA BUSINESS SCHOOL CONFERENCE ON THE ROLE OF MONEY MARKETS
- Article from:
- Political Transcript Wire
- Article date:
- May 30, 2008
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FED VICE CHAIRMAN KOHN DELIVERS REMARKS AT THE FEDERAL RESERVE BANK OF NEW YORK AND COLUMBIA BUSINESS SCHOOL CONFERENCE ON THE ROLE OF MONEY MARKETS, NEW YORK CITY, AS RELEASED BY THE FEDERAL RESERVE
MAY 29, 2008
SPEAKER: FEDERAL RESERVE SYSTEM BOARD OF GOVERNORSVICE CHAIRMAN DONALD L. KOHN
[*] KOHN: Market participants, scholars, and central bankers and other policy-makers have long recognized that liquid money markets are critical to financial stability. Many banks and other financial market participants obtain a significant portion of their funding in the money markets and rely on rolling over such short-term debt. ...