Good question. Those who understand this stuff (not me) are busy making money and don't write about it. Nevertheless, I think that these papers [1,2] by Pozsa

Good question. Those who understand this stuff (not me) are busy making money and don't write about it. Nevertheless, I think that these papers [1,2] by Pozsar offer a fabulous overview of the contemporary money market. [1] https://www.financialresearch.gov/working-papers/files/OFRwp2014-04_Pozsar_ShadowBankingTheMoneyView.pdf https://www.financialresearch.gov/working-papers/files/OFRwp... [2] https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr458.pdf https://www.newyorkfed.org/medialibrary/media/research/staff...