this paper we use Benford second digit reference distribution to track the daily London Interbank Offered Rate (Libor) over … as well as in several financial data sets. We find that in two recent periods Libor rates depart significantly from the … from the sixteen banks from which the Libor is computed and the usefulness of the Libor as a major economic indicator. …

Using comprehensive data on London Interbank Offer Rate (Libor) submissions from 2001 through 2012, we document … systematic evidence consistent with banks manipulating Libor to profit from Libor related positions and, to a degree, to signal … eventually sanctioned by the regulators and disappears for all banks post-2010 in the aftermath of Libor investigations. Our …

finance. Specifically, our analysis focuses on two emerging market abuse risks by autonomous algorithms: market manipulation … and “tacit” collusion. We explore their likelihood to arise on global capital markets and evaluate related social harm as …

been reports about systematic manipulation of the LIBOR. We thus investigate incentives and possibilities to rig the LIBOR …The London InterBank Offered Rate (LIBOR) is the most important set of interest rate benchmarks. Recently there have … standard and honesty the exception. In particular, we can theoretically explain why the LIBOR quotes were too low during the …

In 2012, news related the manipulation of LIBOR directed the attention of authorities and the general public to … interbank reference rates. International reviews made it clear that a reform of LIBOR and the numerous reference rates that … follow the methodology of LIBOR is necessary, because changes in reference rates influence the payment terms of thousands of …