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What cuased the drop in money market interest rates after the Stock Market Crashes of 1987, 1989 and after September 11th

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November 16th, 2022

In the stock market crashes of 1987, 1989, and shortly after “September 11th,” money market yields dropped. What caused this drop in money market interest rates? Discuss. [Be careful — the question DOES NOT deal with why the markets crashed.]

I am unable to locate data referencing the specific problem of why money market interest rates declined. Please provide weblinks for reference.

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