Will the Wheatley Recommendations Fix LIBOR?

CPI Antitrust Chronicle November 2012(2)

8 Pages Posted: 30 Nov 2012

See all articles by Rosa M. Abrantes-Metz

Rosa M. Abrantes-Metz

Berkeley Research Group, LLC

David S. Evans

Market Platform Dynamics; Berkeley Research Group, LLC

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

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

Rosa M. Abrantes-Metz

Berkeley Research Group, LLC ( email )

Miami, FL
United States

David S. Evans (Contact Author)

Market Platform Dynamics ( email )

140 South Dearborn St.
Chicago, IL 60603
United States

Berkeley Research Group, LLC ( email )

99 High St.
Boston, MA 02110
United States

HOME PAGE: http://davidsevans.org

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