To Explain The Difficulty With Replacing Libor - It's Impossible Actually

And that's our problem with replacing Libor. Some currency/time matches we can look to a market but others just don't have either a market or a market price. Thus we can only ask opinions. Entirely replacing Libor is impossible. The best we can manage is to do without it.

from Forbes Real Time http://www.forbes.com/sites/timworstall/2017/07/28/to-explain-the-difficulty-with-replacing-libor-its-impossible-actually/
via IFTTT