Browsing Norges Banks vitenarkiv by Subject "benchmark rates"

Now showing items 1-3 of 3

    • Burying Libor 

      Klingler, Sven; Syrstad, Olav (Working Paper;13/2019, Working paper, 2019)
      We argue that the planned transition toward alternative benchmark rates gives reason to mourn Libor. Guided by a model in which banks and non-banks can lend to each other, subject to realistic regulatory constraints, we ...

    • Does SOFR-linked debt cost borrowers more than LIBOR-linked debt? 

      Klingler, Sven; Syrstad, Olav (Working paper;7/2023, Working paper, 2023)
      We investigate if the benchmark transition from London Interbank Offered Rate (Libor) to Secured Overnight Financing Rate (SOFR) affects the costs of borrowing floating rate debt. The primary market for dollar-denominated ...

    • Nibor, Libor and Euribor – all IBORs, but different 

      Kloster, Arne; Syrstad, Olav (Staff Memo;2/2019, Working paper, 2019)
      This memo takes a closer look at what lays behind different benchmark interest rates. Particular emphasis is put on how the different practices for quotation can explain why Nibor’s risk premium has on average been higher ...