Boot, Nuria; Klein, Timo; Schinkel, Maarten-Pieter - 2018 - Revision: January 2018
direction in which to rig the rate, however, their interests need to be sufficiently aligned. In this paper we develop cartel … theory to show how an interbank lending rates cartel can be sustained by preemptive portfolio changes. Exchange of … in eligible transactions rigging to justify their submissions. As the cartel is not able to always find stable …
