Big Bets Gone Bad : Derivatives and Bankruptcy in Orange County. The Largest Municipal Failure in U.S. History
Book Details
Format
Paperback / Softback
ISBN-10
0123903602
ISBN-13
9780123903600
Publisher
Emerald Publishing Limited
Imprint
Academic Press Inc
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Sep 18th, 1995
Print length
176 Pages
Weight
258 grams
Dimensions
21.70 x 14.30 x 1.10 cms
Product Classification:
MicroeconomicsInvestment & securitiesBusiness strategy
Ksh 8,650.00
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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.
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