Will the Wheatley Recommendations Fix LIBOR?
CPI Antitrust Chronicle November 2012(2)
8 Pages Posted: 30 Nov 2012
Date Written: November 29, 2012
Abstract
In this article we summarize the main problems with the current LIBOR setting, describe our proposal on how to reform LIBOR through a committed quote system (“CLIBOR”), and explain why the final Wheatley Review proposal on how to reform LIBOR, and its reasons for stopping short of our proposals, are not satisfactory for putting LIBOR on solid ground.
Keywords: Libor, interest rate manipulation
JEL Classification: E44, E52, E61, F31, G20, G21, G38, K21, K23, L44, L51
Suggested Citation: Suggested Citation
Abrantes-Metz, Rosa M. and Evans, David S., Will the Wheatley Recommendations Fix LIBOR? (November 29, 2012). CPI Antitrust Chronicle November 2012(2), Available at SSRN: https://ssrn.com/abstract=2182855 or http://dx.doi.org/10.2139/ssrn.2182855
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