Libor manipulation?

Rosa M. Abrantes-Metz, Michael Kraten, Albert D. Metz and Gim S. Seow

Journal of Banking & Finance, 2012, vol. 36, issue 1, 136-150

Abstract: On May 29, 2008 the Wall Street Journal published an article alleging that several global banks were reporting Libor quotes significantly lower than those implied by prevailing credit default swap (CDS) spreads. While acknowledging that the “analysis doesn’t prove that banks are lying or manipulating Libor,” it nevertheless conjectures that these banks may “have been low-balling their borrowing rates to avoid looking desperate for cash.”

Keywords: Libor; Manipulations; Conspiracies; Collusion; Price-fixing; Bid-rigging; Credit default swap spreads (search for similar items in EconPapers)
JEL-codes: C10 C22 G14 G24 K20 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (43)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbfina:v:36:y:2012:i:1:p:136-150

DOI: 10.1016/j.jbankfin.2011.06.014

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