Faculty News

In an op-ed, Prof. Rosa Abrantes-Metz explains how to prevent banks from rigging metal prices

Excerpt from Bloomberg -- "Whether or not authorities seek and find conclusive evidence of manipulation, they should learn the lesson of the London interbank offered rate and reform the gold and silver markets in a way that will deter such behavior. Both metals are highly liquid commodities, so their benchmark prices could easily be set by observing actual trades. To ensure reliability, the process should be overseen by an independent institution with the appropriate governance structure and minimal conflicts of interest."

Read more