Libor Polák (1950–2020)

نویسندگان

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The investigations into LIBOR have highlighted that it is subject to manipulation. We propose a mechanism that gets banks to reveal their borrowing costs truthfully at no cost to the administrator. The mechanism works even when borrowing does not occur. First, banks report the rates at which they can borrow. Second, a whistleblower bank may contest another bank’s report by revealing a transacti...

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ژورنال

عنوان ژورنال: Semigroup Forum

سال: 2021

ISSN: ['0037-1912', '1432-2137']

DOI: https://doi.org/10.1007/s00233-021-10177-y