By contrast, some analysts emphasize the endogeneity of commodity prices to broad macroeconomic and monetary developments such as expected growth, expected inflation, interest rates, and currency movements. Of course, in reality, commodity prices are influenced by both market-specific and aggregate factors.
But the risks associated with dislocations in the money markets go far beyond the large banks. The Securities and Exchange Commission (SEC) has taken some important steps to address the money market fund issue, notably through its 2014 rule amendments.