Showing 1 - 10 of 731
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. …
Persistent link: https://www.econbiz.de/10011130794
This paper is an empirical investigation into the Norwegian Interbank Offered Rate (NIBOR) during 2007–11. It is demonstrated that an informal rule change to the benchmark fixing mechanism, instigated by the NIBOR panel banks, not only increased the susceptibility of the benchmark to...
Persistent link: https://www.econbiz.de/10010906350
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 …
Persistent link: https://www.econbiz.de/10010854244
On May 29, 2008 the Wall Street Journal published an article alleging that several global banks were reporting Libor … “analysis doesn’t prove that banks are lying or manipulating Libor,” it nevertheless conjectures that these banks may “have been …
Persistent link: https://www.econbiz.de/10011065719
23 years after the identification of the human immunodeficiency virus (HIV), there is still denial that the virus is the cause of acquired immune deficiency syndrome (AIDS). The Internet has served as a fertile and un-refereed medium to spread HIV denialist beliefs
Persistent link: https://www.econbiz.de/10005528167
powerful conspiracy theories. We briefly describe these conspiracies. Our analysis is based on the following principles: (a …
Persistent link: https://www.econbiz.de/10008565152
bug discourse as a conspiracy narrative whose central tenet is the criticism of inflationary monetary policy. Gold bugs …
Persistent link: https://www.econbiz.de/10008855178
We investigate the effectiveness of Benford’s Law through a digital analysis of the off-balance sheet account disclosures made by Turkish Banks during the 1990-2010. We found that off-balance sheet account disclosures of the fiscal term 1999 doesn’t comply with Benford’s Law. Our finding...
Persistent link: https://www.econbiz.de/10010991032
Many surveys on sensitive topics such as tax evasion suffer from the reluctance of respondents to provide truthful answers which can cause downward-biased estimates. This paper addresses this problem by making use of a recent survey method (Crosswise Model) designed to provide positive...
Persistent link: https://www.econbiz.de/10010991226
Benford’s law states that the occurrence of significant digits in many data sets is not uniform but tends to follow a logarithmic distribution such that the smaller digits appear as first significant digits more frequently than the larger ones. We investigate here numerical data on the...
Persistent link: https://www.econbiz.de/10010873457