Banking

Mutualization Of Default Risk

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Executive Summary

Craig Pirrong holds a Ph.D. in business economics from the University of Chicago. He joined the faculty of the Bauer College of Business at the University of Houston as Professor of Finance and the Energy Markets Director for Global Energy Management Institute in January, 2003. Professor Pirrong's research focuses on the economics of commodity markets, the relation between market fundamentals and commodity price dynamics, and the implications of this relation for the pricing of commodity derivatives. His recent research is concentrated on the power markets.

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