Welcome to Part V of the Odd Lots LIBOR series, in which Tracy Alloway and Joe Weisenthal take a look at life after LIBOR, the interest rate tied to more than $350 trillion worth of financial assets.For our final episode in our series on LIBOR, we look at what this particular crisis has meant for LIBOR and the transition process. We speak with Josh Younger, a managing director at JPMorgan, who looks at what LIBOR itself did during the worst of the market stress. He also identified specific ways that the market volatility may impede some of the target dates for moving off the benchmark index.See omnystudio.com/listener for privacy information.

Welcome to Part IV of the Odd Lots LIBOR series, in which Tracy Alloway and Joe Weisenthal take a look at life after LIBOR, the interest rate tied to more than $350 trillion worth of financial assets.It's one thing to talk about transitioning away from LIBOR, but it's another thing to actually do it. On the fourth episode of the series, we speak with Tom Wipf, Vice Chairman of Institutional Securities at Morgan Stanley, and the chair of the committee charged with sunsetting the rate. He takes us inside the effort to replace an interest rate that is entrenched in millions of financial contracts and tells us how it’s going.See omnystudio.com/listener for privacy information.

Welcome to Part III of the Odd Lots LIBOR series, in which Tracy Alloway and Joe Weisenthal take a look at life after LIBOR, the interest rate tied to more than $350 trillion worth of financial assets.SOFR is the Federal Reserve’s preferred replacement for LIBOR, but it’s not the only alternative reference rate around. On the third episode of the series, we speak with Richard Sandor, a serial innovator in financial markets, and the CEO at American Financial Exchange. He explains why he thinks his own proposed rate, called AMERIBOR, could be a suitable benchmark and replacement for Libor.See omnystudio.com/listener for privacy information.

Welcome to Part II of the Odd Lots LIBOR series, in which Tracy Alloway and Joe Weisenthal take a look at life after LIBOR, the interest rate tied to more than $350 trillion worth of financial assets.Troubles with LIBOR have kickstarted a massive project to transition to a new benchmark interest rate for financial markets. On the second episode of our series, we speak with Joe Abate, money market strategist at Barclays, about the proposed replacement known as the Secured Overnight Financing Rate, or SOFR. How is it different to LIBOR and what are the downsides of having an interest rate tied to actual marketplace transactions?See omnystudio.com/listener for privacy information.

In this episode, Tracy Alloway and Joe Weisenthal interview Richard Robb, a former interest rate trader. Robb discusses the origins and manipulation of LIBOR, the rise of LIBOR as the standard rate, motivations and methods of manipulating LIBOR, and uncovering the manipulation through embarrassing email exchanges. They also touch on the systemic complacency in the LIBOR survey and the move towards a reference rate based on actual transactions.

When people talk about the dominance of the U.S. dollar in global commerce, they often refer to it as a unique privilege of the United States that its currency is the world’s safe haven. But it’s not so clear who really benefits from the unique role played by the greenback. For one thing, there are wide swathes of U.S. workers whose industries are hurt by its strength. On this episode, we speak with Yakov Feygin, the Assistant Director of the Future of Capitalism project at the Berggruen Institute about the global winners and losers of the dollar system.See omnystudio.com/listener for privacy information.

The economic crisis will result in an extraordinary amount of pain for emerging markets. In addition to the health disruption, the global economic collapse means that in many cases, exports have come to a standstill. So how can poorer countries be helped right now? On this episode, we speak with three experts in the field of sovereign debt. Lee Buchheit is formerly at Cleary Gottlieb and is considered to be the world’s foremost expert on sovereign debt law and restructurings. Mitu Gulati is a professor at Duke University School of Law and Ugo Panizza is a professor at the Graduate Institute of International and Development Studies in Geneva. The three have been working throughout the crisis to help put together a comprehensive aid plan for EMs. They talk to us about what it would look like, and why moving it forward has proven to be so difficult.See omnystudio.com/listener for privacy information.

Even with the recent stock market rally, expectations are poor for a robust recovery in the U.S. So what does history teach us about what works and what doesn’t? Richard Werner is an economist at Linacre College at the University of Oxford, and the proponent of what he calls the “Quantity Theory of Credit.” On this episode, he tells us about what he learned studying years of the Japanese economy, and what it means for the current crisis.See omnystudio.com/listener for privacy information.

How should the government address the economic crisis? On this episode, we talk with Mark Cuban, the Shark Tank co-host and billionaire owner of the Dallas Mavericks, who has been outspoken about what he sees as necessary to address this crisis. He explains to us why he thinks the government should directly get in the business of hiring millions of people, along with other ideas to keep people employed and stimulate demand. We also talk about the NBA, his plan to fix healthcare, as well as his future political ambitions.See omnystudio.com/listener for privacy information.

With the acute phase of the health crisis having faded in China, factory activity has ramped up again. One big problem though: With the economy so depressed everywhere else, demand for the goods made in those factories has fallen off a cliff. This is just one way in which the virus is massively exacerbating trade imbalances that existed prior to this crisis, and which are now shaking the global economic order. On this episode, we speak with Matt Klein, an economics columnist at Barron’s, and the co-author of the new book Trade Wars Are Class Wars about the interplay of the crisis, world trade, geopolitics, and domestic political tensions.See omnystudio.com/listener for privacy information.