Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 2, 2022 erstellt
Description:
Using the forward-looking Secured Overnight Financing Rate (SOFR), we find that SOFR provides more price discovery than the London Interbank Offered Rate (LIBOR). In the context of incorporating information into market rates, our results support the Alternative Reference Rates Committee policy of selecting SOFR as a replacement for LIBOR