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Prof. Rosa Abrantes-Metz on the Libor rate's response to the Cyprus crisis

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Excerpt from Bloomberg -- “'Libor may not be being manipulated currently, but it is not responding to market conditions the way it would be expected,' said Abrantes-Metz, who is also an associate professor at New York University’s Stern School of Business. 'That compromises the reliability of Libor as a key benchmark, to the detriment of the market.'”

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