Read LIBOR: An Investigative Primer on the London Interbank Offered Rate

LIBOR: An Investigative Primer on the London Interbank Offered Rate

Unknown Author

4.9/5 (26334 ratings)

Description:An illustrated primer on the structure, conduct, and performance of the London Interbank Offered Rate (LIBOR Ltd.) in the midst of continuing investigation. Tables and charts in color. "The London Inter-bank Offered Rate (Libor) is the rate that the largest banks doing business in London (which includes all the big American banks) charge each other for overnight loans. It sets the basic interest rate on many adjustable loans associated with credit cards, adjustable mortgages and other commercial loans. It's the most important interest rate in the world. This year we learned the rate was being manipulated for fun and profit by the big banks who set it each day. By manipulating the Libor rates, the bankers could cash in on bets they were making on financial instruments that were sensitive to those rates. If they needed the rates to nudge up to win their bets, up it went. If the bet was on securities going down with Libor rates, down they would go. That's exactly like a bookie fixing the biggest horse races in the world after it starts so that he can win his bets." --Les Leopold, Chelsea Green PublishingWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with LIBOR: An Investigative Primer on the London Interbank Offered Rate. To get started finding LIBOR: An Investigative Primer on the London Interbank Offered Rate, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: —

Format: PDF, EPUB & Kindle Edition

Publisher: —

Release: —

ISBN

Description: An illustrated primer on the structure, conduct, and performance of the London Interbank Offered Rate (LIBOR Ltd.) in the midst of continuing investigation. Tables and charts in color. "The London Inter-bank Offered Rate (Libor) is the rate that the largest banks doing business in London (which includes all the big American banks) charge each other for overnight loans. It sets the basic interest rate on many adjustable loans associated with credit cards, adjustable mortgages and other commercial loans. It's the most important interest rate in the world. This year we learned the rate was being manipulated for fun and profit by the big banks who set it each day. By manipulating the Libor rates, the bankers could cash in on bets they were making on financial instruments that were sensitive to those rates. If they needed the rates to nudge up to win their bets, up it went. If the bet was on securities going down with Libor rates, down they would go. That's exactly like a bookie fixing the biggest horse races in the world after it starts so that he can win his bets." --Les Leopold, Chelsea Green PublishingWe have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with LIBOR: An Investigative Primer on the London Interbank Offered Rate. To get started finding LIBOR: An Investigative Primer on the London Interbank Offered Rate, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

LIBOR: An Investigative Primer on the London Interbank Offered Rate

LIBOR: An Investigative Primer on the London Interbank Offered Rate

More Books