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Off the Shelf: Pick Your Favorite Number
Erin Arvedlund’s new book traces the Libor from Evan Galbraith’s bathtub to global manipulation
It is kind of amazing that for more than 40 years, up until the Libor scandal of 2012 and the reforms that followed, the world’s most important number was put together through an honor system. The manipulation of the Libor rate — which banks around the world use as their
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