The financial crisis showed how important Libor had become in globalised markets - the Libor-rigging scandal showed how much that rate had been abused Libor first shot to prominence during the financial crisis when it emerged as a signal that banks were panicking. This is because Libor - shorthand for the London interbank offered rate - is the price at which banks estimate their rivals will want to lend to them. During the crisis, those banks admitting that they expected to be charged the highes...
The financial crisis showed how important Libor had become in globalised markets - the Libor-rigging scandal showed how much that rate had been abused Libor first shot to prominence during the financial crisis when it emerged as a signal that banks were panicking. This is because Libor - shorthand for the London interbank offered rate - is the price at which banks estimate their rivals will want to lend to them. During the crisis, those banks admitting that they expected to be charged the highes...
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