Libor manipulation?

On May 29, 2008 the Wall Street Journal published an article alleging that several global banks were reporting Libor quotes significantly lower than those implied by prevailing credit default swap (CDS) spreads. While acknowledging that the “analysis doesn’t prove that banks are lying or manipulating Libor,” it nevertheless conjectures that these banks may “have been low-balling their borrowing rates to avoid looking desperate for cash.”

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Year of publication:	2012
Authors:	Abrantes-Metz, Rosa M. ; Kraten, Michael ; Metz, Albert D. ; Seow, Gim S.
Published in:	Journal of Banking & Finance. - Elsevier, ISSN 0378-4266. - Vol. 36.2012, 1, p. 136-150
Publisher:	Elsevier
Subject:	Libor \| Manipulations \| Conspiracies \| Collusion \| Price-fixing \| Bid-rigging \| Credit default swap spreads

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Type of publication:	Article
Classification:	C10 - Econometric and Statistical Methods: General. General ; C22 - Time-Series Models ; G14 - Information and Market Efficiency; Event Studies ; G24 - Investment Banking; Venture Capital; Brokerage ; K20 - Regulation and Business Law. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011065719