Big Bets Gone Bad - Jorion, Philippe
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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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Produktbeschreibung
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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Autorenporträt
Philippe Jorion, Professor and Corporate Partners Research Scholar at the University of California at Irvine, teaches courses in Futures and Options, International Financial Management, and International Portfolio Management. He has an MBA and a Ph.D. in International Finance from the University of Chicago and has taught at Columbia University, the University of Chicago, Northwestern University, INSEAD, and the University of British Columbia. He has authored more than fifty publications on topics such as global portfolio investments and derivative markets.