Indriawan, I.Jiao, F.Tse, Y.2025-07-152025-07-152022Finance Research Letters, 2022; 47(Part B):102797-1-102797-61544-61231544-6123https://hdl.handle.net/2440/145945Using the forward-looking Secured Overnight Financing Rate (SOFR), we find that SOFR provides more price discovery than the London Interbank Offered Rate (LIBOR). In the context of incorporating information about monetary policy into market rates, our results support the Alternative Reference Rates Committee policy of selecting SOFR as a replacement for LIBOR.en© 2022 Elsevier Inc. All rights reserved.SOFR; LIBOR; Forward-looking term rates; Price discoveryJournal article10.1016/j.frl.2022.1027972024-05-10619145Indriawan, I. [0000-0002-6558-5551]