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financial market manipulation

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Working Paper

Too LIBOR, Too Late: Time to Move to a Market Rate

July 21, 2015
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Michael S. Barr
Barclays has been fined, the British have issued their report, and now the market is anxious for everything to go on as usual with the London Interbank Offer Rate (“LIBOR”). I think that would be a serious mistake. The U.S. and British...