11: Banks and the Market for Liquidity
Lec 11-1: FT: Money Market Mutual Funds
Lec 11-2: Banks as money dealers, a puzzle
Lec 11-3: Security dealers as money dealers, matched and speculative book
Lec 11-4: Adapting Treynor to liquidity risk
Lec 11-5: Digression: Evolution of American banking
Lec 11-6: The Fed in the Fed Funds market
Lec 11-7: Return to the initial puzzle