136 Josh Galper on LIBOR, Overnight Lending, and the Lehman Brothers Collapse

Published: Dec. 10, 2018, 5 a.m.

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\\xa0Josh Galper is the managing principal of Finadium, an independent consultancy in capital markets with unique expertise in securities, finance, collateral, and derivatives. He joins the show today to talk about money markets, overnight interest rates, and some of the big issues in this area. David and Josh also discuss the Lehman Brothers collapse, the \\u201cNarrow Bank,\\u201d and what we should know about key interest rates; namely the repo rate, LIBOR, interest on excess reserves rate, and SOFR.

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Transcript for the episode:\\xa0https://www.mercatus.org/bridge/podcasts/12072018/plumbing-monetary-policy

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Josh\\u2019s Twitter: @Finadium

Josh\\u2019s Finadium profile: https://finadium.com/josh-galper-mba/

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Related Links:

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Finadium\\u2019s homepage: http://finadium.com

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Finadium\\u2019s magazine: http://securitiesfinancemonitor.com

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*Second Report of the Alternative Reference Rates Committee* by the New York Fed

https://www.newyorkfed.org/medialibrary/Microsites/arrc/files/2018/ARRC-Second-report

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*The SOFR Transition: Benchmarks, Futures, and P&L* by Finadium

https://finadium.com/finadium-report-desc/sofr-transition-benchmarks-futures-profit-loss/

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David\\u2019s blog: macromarketmusings.blogspot.com

David\\u2019s Twitter: @DavidBeckworth

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