In the end, lending is an act of trust and there is no alternative but to restore full confidence in the soundness of bank and government finance. Secured and unsecured money markets: the US and the euro area experience Money markets are vital funding markets for financial institutions.
I would like to highlight some key developments across various money market segments from the onset of the financial crisis to its most critical point in the autumn of 2008, and the trends that have been observed since then.