Full Employment, Failing Banks
Moody's Talks - Inside Economics
00:00
What Should I Be Watching?
LIBOR is the used to be the rate that banks would charge each other for borrowing and lending to each other. So if there was a lot of angst in the banking system and banks got nervous about lending to another bank, they'd say, you got to pay for it. The replacement is the so-called so far, the secured overnight funding rate. But there's no credit risk there.
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