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LIBOR rigging part 2: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{a|disaster|{{image|dramatic gopher at court|jpg}}}}''This is part II of an article about LIBOR rigging. The first part is here.'' Okay, so a picture is emerging. During the 1980s the “interest rate” transformed from being the intractable time cost of borrowing money — for lenders, a secondary risk to the repayment of principal — to a tradable asset class of its own, thanks to the emergence of interest rate swaps. This is a profound conce...") |
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{{a|disaster|{{image|dramatic gopher at court|jpg}}}}''This is part II of an article about LIBOR rigging. The first part is [[LIBOR rigging|here]].'' | {{a|disaster|{{image|dramatic gopher at court|jpg|}}}}''This is part II of an article about LIBOR rigging. The first part is [[LIBOR rigging|here]].'' | ||
Okay, so a picture is emerging. During the 1980s the “interest rate” transformed from being the intractable time cost of borrowing money — for lenders, a secondary risk to the repayment of principal — to a tradable asset class of its own, thanks to the emergence of [[interest rate swap]]s. | Okay, so a picture is emerging. During the 1980s the “interest rate” transformed from being the intractable time cost of borrowing money — for lenders, a secondary risk to the repayment of principal — to a tradable asset class of its own, thanks to the emergence of [[interest rate swap]]s. | ||