1

Jefferson County, Alabama undertook a series of risky financial maneuvers in 2003 that included issuing large amounts of variable rate and auction rate securities as well as engaging in numerous interest rate swaps in order to lower the burgeoning costs of repairing its sewer system to comply with federal regulations. These complex financial instruments, intended to lower debt service costs on the countyʼs $3 billion in outstanding sewer warrants, led the county to financial bankruptcy in the wake of the financial markets collapse. This paper explores the choice of securities by analyzing the risk of adjustable rate securities and interest rate swaps, examining the Jefferson County case in detail, and providing some lessons for future finan

V. Denison, Dwight, Bryan Gibson, J.
Journal:
Journal of Public Budgeting, Accounting & Financial Management
Year:
2013
Language:
english
File:
PDF, 247 KB
english, 2013
10

“Heavy-Atom” Donor-Acceptor Conjugated Polymers

Gibson, Gregory L., Seferos, Dwight S.
Journal:
Macromolecular Chemistry and Physics
Year:
2014
Language:
english
File:
PDF, 1.56 MB
english, 2014
12

Mercury(II)-catalyzed aquation of monochloroiron(III)

Carlyle, David W., Gibson, Dwight
Journal:
Inorganic Chemistry
Year:
1971
Language:
english
File:
PDF, 280 KB
english, 1971