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

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

Josh 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 "Narrow Bank," and what we should know about key interest rates; namely the repo rate, LIBOR, interest on excess reserves rate, and SOFR.

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

Josh's Twitter: @Finadium

Josh's Finadium profile: https://finadium.com/josh-galper-mba/

Related Links:

Finadium's homepage: http://finadium.com

Finadium's magazine: http://securitiesfinancemonitor.com

*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

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

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

David's blog: macromarketmusings.blogspot.com

David's Twitter: @DavidBeckworth

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