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LIBOR | Money, banking and central banks | Finance & Capital Markets | Khan Academy

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London InterBank Offer Rate. Created by Sal Khan.
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Finance and capital markets on Khan Academy: We all use money and most of us use banks. Despite this, the actual working of the banking system is a bit of a mystery to most (especially fractional reserve banking). This older tutorial (bad handwriting and resolution) starts from a basic society looking to do more than barter and incrementally builds to a modern society with fraction reserve banking. Through this process, you will hopefully gain a deep understanding of how money and banking works in our modern world.
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Опубликовано:

6 сен 2024

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Комментарии : 48

@RumpelGaming 12 лет назад

Ohh its about me♥

@smarikamishra1769 7 лет назад

Libor Strnad hope you are alive and doin well.

@sunnyvij7620 6 лет назад

Smarika Mishra ha ha ha

@OtZman 12 лет назад

These videos are absolutely amazing. Short, simple, informative. Much better than many of the lectures I have. Great job!

@UmTheMuse 12 лет назад

The actual manipulations probably stole pennies per person affected, but it affected a lot of people. The more chilling part is that they were in cahoots with the government. Part of the problem is that the LIBOR was supposed to show how healthy the financial system is, but government was just as anxious as Wall Street to show that everything was going well. Thus, the crash. Wikipedia did a good job summing up the scandal.

@businessbanking1152 5 лет назад

LIBOR is a benchmark rate that represents the interest rate at which banks offer to lend funds to one another in the international interbank market for short-term loans. LIBOR is an average value of the interest-rate which is calculated from estimates submitted by the leading global banks on a daily basis. It stands for London Interbank Offered Rate and serves as the first step to calculating interest rates on various loans throughout the world. LIBOR serves as a globally accepted key benchmark interest rate that indicates how much does it costs to the banks to borrow from each other. It is used as the necessary reference rate for transacting in the global markets worth more than $350 trillion and comprises of various financial products that include interest rate swaps, forward rate agreements, mortgages and commerical loans. Read more: London Interbank Offered Rate (LIBOR) | Investopedia www.investopedia.com/terms/l/libor.asp#ixzz5XDKbbthR Follow us: Investopedia on Facebook

@GordonKenaston 8 лет назад

Money is transferred from Bank A to Bank B.. With a penalty...Interest Can anyone tell me where this interest 'money' comes from? You guessed it: you and me.

@bdub24j 12 лет назад

Thx for posting. It helps bring some understanding that the news channels just don't.

@businessbanking1152 5 лет назад

@benkaid1495 7 месяцев назад

Amazing !! Thanks dude

@rajvanan 11 лет назад

Very nice and simply explained..hats up man!!!

@whatupwiththatdog 12 лет назад

That last drop in cash from bank b to a should have resulted I a rise in equity correct?

@tinnguyen2219 4 года назад

Thank you so much for sharing this useful data! Greatly appreciated!!!

@AndrewPham17 12 лет назад

Which is what's been going on with Barclays and a few other financial institutions recently. Compared to Australia, which uses actual transaction data to set the equivalent of LIBOR (bank bill interest rate or BBSW) as well as rate validation services.

@pummyy 7 лет назад

I was looking around to understand what is BBSW in Australia , LIBOR explained it perfectly. I would love to understand how paying with this rate affects economy ?

@RexSitti 10 лет назад

Banks can strategically manipulate the LIBOR for whatever reason. Despite the huge fine imposed on some perpetrators, I believe this is still ongoing. It calls for the need for increased regulatory practices on banks given the impact of LIBOR rates to the global financial economy

@simoncarr4724 4 года назад

Thanks for the great video!

@Starfox-zg4tk 2 года назад

How bout sofr what’s the difference

@whatupwiththatdog 12 лет назад

And if they can increase equity simply by lending money back and forth each bank can make the other look more profit tab

@seos1464 5 лет назад

thanks a lot from Korea!

@09brownr 12 лет назад

Very informative. Thank you!

@businessbanking1152 5 лет назад

@simonmabee100 7 лет назад

Yeah...you guys need to update this video.

@businessbanking1152 5 лет назад

@444damn 12 лет назад

This is a good explanation of what LIBOR is, but I'd be very grateful if someone could explain the actual significance of the manipulation of LIBOR. Obviously this rate impacts upon people's mortgage rates etc., but is it not right that the rate was manipulated so that interest rates were lower? So people with mortgages would pay less interest on them? I've probably way oversimplified it/got it completely wrong, but it would be great if someone could explain this to me.

@businessbanking1152 5 лет назад

@jbrowz7304 7 лет назад

Thank you libor

@GordonKenaston 8 лет назад

Where is Interest in your astute observations?

@blognewb 12 лет назад

Libor scandal any update?

@gabe1145 12 лет назад

came here looking for discussion on it

@j0hnc00 13 лет назад

Is Sal going start explaining Austrian economics? I'm just curious and I hope he does since most RU-vid uploaders, on the subject have a huge bias and aren't even willing to be realistic about the pros and cons. And furthermore, they don't explain why and how bias towards Keynesian emerged. The worst offenders are the Zeitgeist...

@bluemagicuk 11 лет назад

this is fuckin dope

@GordonKenaston 8 лет назад

If you can create a dollar, then you are. 25cents richer. Where did that. 25 cents come from?

@shafqatyoutube8267 3 года назад

This is what we call as creating credit. Money is created through the mechanism of credit, i.e. providing loans and getting interest on that. Out of all the money in the economy, only a small amount of it is in the form of currencies, rest is just credit. For example if a bank gives a loan of $1 and will eventually get back $1.25, then the bank created an extra 25 cents. The person who took the loan will use it in business and the profit he earns will go to the bank as interest. This is just an example of 1 bank in isolation. But connect this with multiple banks and many borrowers, then the money just gets multiplied in the form of credit.

@shafqatyoutube8267 3 года назад

And to control this multiplication of money, the central bank of a country has set some limits as to how much a bank can lend. The limit is set using various rates like Statutory Liquidity Ratio and Cash Reserve Ratio.

@SporkLaden 13 лет назад

@dinmorerengeit 13 лет назад

@VickiBee 11 лет назад

Do you have one about a 'LIBOR scandal?' I'm NOT going to be able to understand any OTHER financial channel's video, b/c they assume you have a full working brain and can actually use it. Not someone who has medical proof of a traumatic brain injury.

@bigbearn8667 6 лет назад

Lie

@businessbanking1152 5 лет назад

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