发达国家退出LIBOR进程对我国优化SHIBOR利率形成机制的启示

The Enlightenment of Developed Countries' Withdrawal from LIBOR Process on the Optimizing the Formation Mechanism of SHIBOR Interest Rate in China

伦敦银行同业拆借利率(Libor)被操纵的丑闻爆发后,各国正在积极寻找LIBOR的替代指标。论文以美国、英国、日本、瑞士和欧盟为例,分析和研究他们寻找LIBOR替代指标的进展情况,对我国SHIBOR利率形成机制具有很好的借鉴意义。

After the scandal of the London Interbank Offered Rate （Libor） has been manipulated, various countries are actively looking for alternative indicators for LIBOR. This paper takes the United States, Britain, Japan, Switzerland and the European Union as examples to analyze and study their progress in finding LIBOR surrogate indicators, which has a good reference for China＇s SHIBOR interest rate formation mechanism.