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Cybercrime as an essential element in transnational counterfeiting schemes

Albanese, Jay S. - In: Journal of Illicit Economies and Development (JIED) 3 (2021) 2, pp. 160-166

Transnational counterfeiting conspiracy cases often link the developing and the developed world in illicit ways. In …

Persistent link: https://www.econbiz.de/10015423758

Muniesa, Fabian - In: Finance and Society 9 (2023) 1, pp. 73-75

Financial conspiracies today blend together antisemitic tropes and spiritual visions with ideals of political reform and economic salvation. It is tempting to locate such phenomena at the periphery of the financial order, situating them within a delusional space beyond judicious concepts of...

Persistent link: https://www.econbiz.de/10015191613

Is Benford's law a universal behavioral theory?

Villas-Boas, Sofia B.; Fu, Qiuzi; Judge, George - In: Econometrics 3 (2015) 4, pp. 698-708

In this paper, we consider the question and present evidence as to whether or not Benford's exponential first significant digit (FSD) law reflects a fundamental principle behind the complex and nondeterministic nature of large-scale physical and behavioral systems. As a behavioral example, we...

Persistent link: https://www.econbiz.de/10011755306

Collusive benchmark rates fixing

Boot, Nuria; Klein, Timo; Schinkel, Maarten Pieter - 2017

The fixing of the Libor and Euribor benchmark rates has proven vulnerable to manipulation. Individual rate-setters may … transactions eligible for submission may reduce the level of manipulation, but can lead to more frequent collusive quoting. …

Persistent link: https://www.econbiz.de/10011784168

Collusive Benchmark Rates Fixing

Boot, Nuria; Klein, Timo; Schinkel, Maarten-Pieter - 2017

Persistent link: https://www.econbiz.de/10011819515

Does SOFR-linked debt cost borrowers more than LIBOR-linked debt?

Klingler, Sven; Syrstad, Olav - 2023

We investigate if the benchmark transition from London Interbank Offered Rate (Libor) to Secured Overnight Financing … notes (FRNs) provides an ideal laboratory to study these e ects. Comparing the spreads of FRNs linked to LIBOR and SOFR …

Persistent link: https://www.econbiz.de/10014551704

Rational savings account models for backward-looking interest rate benchmarks

Macrina, Andrea; Skovmand, David - In: Risks 8 (2020) 1, pp. 1-18

Interest rate benchmarks are currently undergoing a major transition. The LIBOR benchmark is planned to be discontinued … the LIBOR replacement will most likely be constructed from a compounded running average of RFR overnight rates over a … period matching the LIBOR tenor. This new backward-looking benchmark is markedly different when compared with LIBOR. It is …

Persistent link: https://www.econbiz.de/10013200558

Burying Libor

Klingler, Sven; Syrstad, Olav - 2019

We argue that the planned transition toward alternative benchmark rates gives reason to mourn Libor. Guided by a model …

Persistent link: https://www.econbiz.de/10012661545

Covered Interest Parity in long-dated securities

Syrstad, Olav - 2020

This paper investigates the validity of Covered Interest Rate Parity (CIP) in longdated fixed income securities. I show that common measures of CIP rely on trading strategies subject to rollover risk and credit risk, or fail to fully account for the trading costs. Hence, roundtrip CIP profit is...

Persistent link: https://www.econbiz.de/10012661567

Euribor, Eonia und €STR: Weichenstellungen der Working Group on Euro Risk-free Rates

Read, Oliver; Beißer, Jochen - 2019

Infolge der Anwendung der Benchmark-Verordnung steht fest, dass Eonia und Euribor in der aktuellen Form ab 1. Januar 2020 für Neugeschäft nicht mehr verwendet werden können. Die Working Group on Euro Risk-Free Rates hat Weichen gestellt, um die Lücken zu schließen. Als risikoloser...

Persistent link: https://www.econbiz.de/10013439914