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Prof. Rosa Abrantes-Metz on the LIBOR scandal

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Excerpt from BBC -- "LIBOR was constant. It essentially took the same value day in and day out for a period of about a year and that by itself is an unexpected pattern because one would expect that borrowing costs would vary, even if slightly, over time, and therefore one would expect the LIBOR, even if just a bit, to move from one day to the following."

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