Carolyn Sissoko is an associate professor of economics at the University of the West of England, and she has written widely on shadow banking, money markets, and the plumbing of the financial system. Carolyn joins Macro Musings to talk about the evolution of money markets over the past few decades, and its implication for both monetary and fiscal policy. Specifically, David and Carolyn discuss the collateral supply effect, the consequences of moving from LIBOR to SOFR, and solutions to other money market concerns.
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Transcript for the episode can be found here.
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Carolyn\u2019s Twitter: @csissoko
Carolyn\u2019s UWE Bristol profile: https://people.uwe.ac.uk/Person/CarolynSissoko
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Related Links:
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*The Collateral Supply Effect on Central Bank Policy* by Carolyn Sissoko
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3545546
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David\u2019s Twitter: @DavidBeckworth
David\u2019s blog: http://macromarketmusings.blogspot.com/