Reforming LIBOR and Other Financial-Market Benchmarks, Jeremy Stein, September 19, 2014, Paper, “We outline key steps necessary to reform the London Interbank Offered Rate (LIBOR) so as to improve its robustness to manipulation. We first discuss the role of financial benchmarks such as LIBOR in promoting over-the-counter market efficiency by improving transparency. We then describe how to mitigate LIBOR manipulation incentives by…”  Link