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Persistent link: https://www.econbiz.de/10012125960
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 their creditworthiness during the distressed times for...
Persistent link: https://www.econbiz.de/10011874766