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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. …
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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...
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The prohibition against price fixing is competition law’s most important and least controversial provision. Yet there is far less consensus than meets the eye on what constitutes price fixing, and prevalent understandings cannot be reconciled with principles of oligopoly theory. This article...
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