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1 What Is: LIBOR?
LIBOR is the world's de facto benchmark for interbank interest rates, but does the recent rate fixing scandal cast too many shadows of doubt?
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2 What Is: Liquidity Risk?
How to solve the hedge problem of selling something that no one in the market wants to buy.
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3 What Is: The Interbank Lending Market?
Interbank lending is a key aspect of a modern financial system, but is the practice of banks borrowing every day with no collateral good for the economy?
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