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John Lanchester: The Biggest Scandal of All, 4 July 2013
“... This, the London Interbank Offered Rate, was explained with pellucid clarity in these pages by Donald MacKenzie in 2008.2 Libor is the single most important number in international financial markets, used as a reference point throughout the global financial system. It is a range of interbank lending rates, set after consultation between the British ... ”