{"id":6920,"date":"2018-09-30T00:21:20","date_gmt":"2018-09-29T15:21:20","guid":{"rendered":"http:\/\/www.irken.jp\/gn\/?p=6920"},"modified":"2018-09-28T16:08:08","modified_gmt":"2018-09-28T07:08:08","slug":"the-economist-september-29-2","status":"publish","type":"post","link":"https:\/\/www.irken.jp\/gn\/?p=6920","title":{"rendered":"The Economist (September 29)"},"content":{"rendered":"<p>\u201cA scramble to replace LIBOR is under way\u201d before it is phased out permanently in 2021. Though scandals have revealed LIBOR\u2019s numerous inadequacies, \u201ca staggering $260trn-worth of financial products, from interest-rate swaps to retail mortgages,\u201d are estimated to be priced using LIBOR and many of the contracts lack fallback clauses. \u201cCreating and then switching to truly market-based alternatives is an almighty task.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cA scramble to replace LIBOR is under way\u201d before it is phased out permanently in 2021. Though scandals have revealed LIBOR\u2019s numerous inadequacies, \u201ca staggering $260trn-worth of financial products, from interest-rate swaps to retail mortgages,\u201d are estimated to be priced using LIBOR and many of the contracts lack fallback clauses. \u201cCreating and then switching to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2004,8481,8478,8476,8479,1387,8482,8480,985,8475,8477],"class_list":["post-6920","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-contracts","tag-fallback-clauses","tag-financial-products","tag-inadequacies","tag-interest-rate-swaps","tag-libor","tag-market-based-alternatives","tag-retail-mortgages","tag-scandals","tag-scramble","tag-staggering"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/6920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6920"}],"version-history":[{"count":1,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/6920\/revisions"}],"predecessor-version":[{"id":6921,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/6920\/revisions\/6921"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}