A new study of the foreign-exchange market in the Middle Ages, conducted by the University of Reading’s ICMA Centre, has documented a medieval system of exchange-rate manipulation similar to today’s.
That system also led to public outcry, a parliamentary investigation and the impeachment of a famous financier.
Libor Scandal Is No Match for Its Medieval Precedent - Bloomberg
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Bloomberg.com
Seeded on Sat Aug 4, 2012 12:28 PM
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