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Csökkenthető-e a referencia-kamatlábak manipulálásának valószínűsége?. Lehetséges irányok egy egyszerűsített modell alapján
[Can reference interest-rate manipulation be decreased?. Possible directions based on a simplified model]

Author

Listed:
  • Fliszár, Vilmos

Abstract

A londoni irányadó bankközi kamatlábbal kapcsolatos manipulációs botrány kirobbanásával kiemelt figyelem összpontosult a piaci referenciaértékekre. Míg azonban 2012-2013 között a referencia-kamatlábakkal kapcsolatos publikációk a múltra és a manipulálásra helyezték a hangsúlyt, addig a legújabb tanulmányok célja, hogy milyen lépésekkel lehet a manipulációt csökkenteni. A tanulmány a londoni bankközi referencia-kamatláb jegyzését veszi alapul, és egy egyszerűsített modell segítségével megmutatja, hogy milyen lehetőségek vannak a szabályozók kezében a manipulálási ösztönzők visszaszorítására. Az eddig adott szabályozói válaszok is ebben az irányban indultak el, és ezek az irányok lehetnek a kulcselemei a jövőben megalkotott szabályozói követelményeknek is. Journal of Economic Literature (JEL) kód: E58, G21, G28.

Suggested Citation

  • Fliszár, Vilmos, 2015. "Csökkenthető-e a referencia-kamatlábak manipulálásának valószínűsége?. Lehetséges irányok egy egyszerűsített modell alapján [Can reference interest-rate manipulation be decreased?. Possible directi," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 1158-1171.
    • Handle: RePEc:ksa:szemle:1592
    DOI: 10.18414/KSZ.2015.11.1158
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    References listed on IDEAS

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    1. Diehl, Christoph, 2014. "The LIBOR mechanism and Related Games," Center for Mathematical Economics Working Papers 482, Center for Mathematical Economics, Bielefeld University.
    2. Péter Csóka & Dániel Havran & Nóra Szűcs, 2015. "Corporate financing under moral hazard and the default risk of buyers," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 23(4), pages 763-778, December.
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    4. Berlinger, Edina & Juhász, Péter & Lovas, Anita, 2015. "Az állami támogatás hatása a projektfinanszírozásra erkölcsi kockázat és pozitív externáliák mellett. Szerződéselméleti megközelítés [The impact of state subsidy on project financing under moral ha," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 139-171.
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    More about this item

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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