The fixing of the Libor and Euribor benchmark rates has proven vulnerable to manipulation. Individual rate-setters may have incentives to fraudulently distort their submissions. For the contributing banks to collectively agree on the direction in which to rig the rate, however, their interests...

This paper regards the incidence of in-work poverty and how it is reduced by the payment of social transfers in 20 European countries. It combines a micro- and a macro-level perspective in two-level models. The basis for the analysis is micro-data from the EU Statistics on Income and Living...