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 …

This paper studies manipulation in derivative contract markets. When traders hedge factor
risk using derivative contracts, traders can manipulate settlement prices by trading the …

Following the crisis, macroprudential regulations targeting mortgage-market vulnerabilities
were widely adopted, their success often relying on the response of financial intermediaries …

Credit Default Swaps (CDS) are financial derivative products that insure bond investors
against firm-default. Determining the payout, however, is complicated because the …

This paper studies the hedging effectiveness of interest rate swaps using different reference
rates for eliminating interest rate risk from floating rate loans. Two reference rates are …

This paper studies optimal index design to facilitate both hedging and alleviate illegal
manipulation in a competitive equilibrium paradigm, modified to deal with manipulation …

This dissertation presents three essays on digital platforms and market manipulation, and
investigates the economic impact of social media platforms on manipulation and …

The calculation of reformed EURIBOR rates employs a hybrid methodology based on
borrowing transactions by Panel Banks through eligible instruments, capturing competitive …

The calculation of reformed EURIBOR rates employs a hybrid methodology based on
borrowing transactions by Panel Banks through eligible instruments, capturing competitive …

In this thesis, I investigate economic and policy issues presented in the Canadian mortgage
market. In Chapter 2, I describe the institutional details and recent macroprudential …