IMF paper proposes ‘more ambitious’ benchmark design


Research published by the International Monetary Fund (IMF) on May 29 has argued in favour of greater ambition from policy-makers when choosing a benchmark rate-setting mechanism, and proposed a possible design for such a mechanism.

The working paper, Fixing the Fixings: What Road to a More Representative Money Market Benchmark?, by V Brousseau, A Chailloux and A Durré, says current benchmarks such as Libor and Euribor are more a "legacy from history" than a reflection of actual bank funding

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: