A Strategy to Prevent Losses in Local Government Investment Pools

In the first half of the 1990s, some local government investment pools (LGIPs) suffered losses from derivatives investments. Although the losses came from derivatives, the actual cause of the losses was the violation of public‐fund prudent investment practices. This article provides a strategy to pr...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Public budgeting & finance 2002, Vol.22 (1), p.60-79
Hauptverfasser:	Lynch, Thomas D., Shamsub, Hannarong, Onwujuba, Christie
Format:	Artikel
Sprache:	eng
Schlagworte:	Collateralized mortgage obligations Commodities Derivatives Federal regulation Federal Reserve monetary policy Futures Interest rates Investment policy Investment pools Local government Losses Rates of return Studies Volatility
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!