developments in a changing financial landscape. This paper discusses the change from US$-LIBOR to the Secured Overnight Financing …

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

The London Interbank Offered Rate (LIBOR) is a widely used indicator of funding conditions in the interbank market. As … of 2013, LIBOR underpins more than $300 trillion of financial contracts, including swaps and futures, in addition to … trillions more in variable-rate mortgage and student loans. LIBOR's volatile behavior during the financial crisis provoked …

rate that any individual holding floats on. This makes it difficult to determine (directly) a fund's exposure to Libor … manipulation. Effective Libor exposure possibly is detectable (indirectly) in fund yields during August 2007 through December 2008 …, when short-term rates were unusually volatile. I perform time-series regressions of funds' 7-day yield on Libor …