Reforming LIBOR and other financial market benchmarks
LIBOR is the London Interbank Offered Rate: a measure of the interest rate at which large
banks can borrow from one another on an unsecured basis. LIBOR is often used as a …
banks can borrow from one another on an unsecured basis. LIBOR is often used as a …
Short-Term Rate Benchmarks: The Post-LIBOR Regime
B Tuckman - Annual Review of Financial Economics, 2023 - annualreviews.org
The London Interbank Offered Rate (LIBOR), the predominant family of global short-term
rate benchmarks for the past 40 years, ceased to exist in June 2023. Given the low volumes …
rate benchmarks for the past 40 years, ceased to exist in June 2023. Given the low volumes …
The manipulation potential of Libor and Euribor
A Eisl, R Jankowitsch… - European Financial …, 2017 - Wiley Online Library
Abstract The London Interbank Offered Rate (Libor) and the Euro Interbank Offered Rate
(Euribor) are two key benchmark interest rates used in a plethora of financial contracts. The …
(Euribor) are two key benchmark interest rates used in a plethora of financial contracts. The …
Financial market misconduct and public enforcement: The case of Libor manipulation
Using comprehensive data on London Interbank Offer Rate (Libor) submissions from 2001
through 2012, we provide evidence consistent with banks manipulating Libor to profit from …
through 2012, we provide evidence consistent with banks manipulating Libor to profit from …
A mechanism for LIBOR
B Coulter, J Shapiro, P Zimmerman - Review of Finance, 2018 - academic.oup.com
The investigations into the London Interbank Offered Rate (LIBOR) have highlighted that it is
subject to manipulation. We examine a new method for constructing LIBOR that produces an …
subject to manipulation. We examine a new method for constructing LIBOR that produces an …
Libor manipulation: Cui bono?
Regulatory sanctions and lawsuits related to Libor manipulation represent major operational
risks facing large international banks. We find a significant relation between a bank's …
risks facing large international banks. We find a significant relation between a bank's …
[HTML][HTML] On the Choi–Lam analogue of Hilbert's 1888 theorem for symmetric forms
C Goel, S Kuhlmann, B Reznick - Linear Algebra and its Applications, 2016 - Elsevier
A famous theorem of Hilbert from 1888 states that for given n and d, every positive
semidefinite (psd) real form of degree 2d in n variables is a sum of squares (sos) of real …
semidefinite (psd) real form of degree 2d in n variables is a sum of squares (sos) of real …
Motives and Consequences of Libor Strategic Reporting: How Much Can We Learn from Banks' Self-Reported Borrowing Rates?
P Bonaldi - Review of Economic Studies, 2024 - academic.oup.com
Libor is an estimate of interbank borrowing costs computed daily from rates reported by a
fixed panel of banks. Evidence suggests that banks have manipulated Libor in recent years …
fixed panel of banks. Evidence suggests that banks have manipulated Libor in recent years …
[图书][B] What are reference rates for?
D Kirti - 2017 - books.google.com
What is the precise role of reference rates? Why does it matter if LIBOR was manipulated?
To address these questions, I analyze the use of reference rates in floating-rate loans and …
To address these questions, I analyze the use of reference rates in floating-rate loans and …
The effects of the LIBOR scandal on volatility and liquidity in LIBOR futures markets
K Bachmair - Available at SSRN 4342021, 2023 - papers.ssrn.com
In 2008, first suspicions arose that the London Interbank Offered Rate (LIBOR) had been
systematically manipulated by financial institutions involved with its fixing; in June 2012 …
systematically manipulated by financial institutions involved with its fixing; in June 2012 …