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The manipulation of the LIBOR can be broken down into three phases. What were these and...

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Finance

The manipulation of the LIBOR can be broken down into threephases. What were these and how did they differ in terms ofmotivation and moral justification?

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LIBOR stands for London Interbank Borrowing Rate It is used as a benchmark to set payments on about 800 trillion worth of financial instruments around the globe Three month Dollar LIBOR is supposed to indicate what a bank would pay to bowwow dollars for three months from other banks at 11am on the day it is set The dollar rate is fixed each day by taking estimates from a panel comprising of 18 banks of what they think would have to pat to borrow if they needed money The top four and bottom four    See Answer
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The manipulation of the LIBOR can be broken down into threephases. What were these and how did they differ in terms ofmotivation and moral justification?

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