Big bets gone bad: derivatives and bankruptcy in orange county. the largest municipal failure in u.s. history
Auteur :
Jorion, Philippe
Éditeur :
Emerald Publishing Limited
ISBN :
9780123903600
Date de publication :
18 sept. 1995
Dimensions :
21,0 x 14,0 x 1,5 cm
Poids :
259 g
Langue :
Anglais
Pays d'origine :
Grande Bretagne
In December 1994, Orange County became the largest municipality in US history to become bankrupt. How can a municipal investment pool, which is supposed to be safe, lose billions of dollars? What are derivatives and how did they contribute to this tragedy? This book presents a description of the Orange County bankruptcy.