This work will also consider the relationship between MMFs and short-term funding markets, with a particular focus on commercial paper and certificate of deposit markets and the impact of dealer behavior. Continued work on other open-end funds, margining and bond market structure, and liquidity will come on the heels of the MMF deliverables.
6 4  in %  2 US  0  EU15 -2 -4 -6 1999  Source: OECD (2017)  2001  2003  2005  2007  2009  2011  2013  2015  21 Graph 8: Gross domestic product (annual growth rate) Graph 8 shows the development of the growth rate of the gross domestic product in the US and selected European countries.