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Measuring and Managing Federal Financial Risk
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Measuring and Managing Federal Financial Risk

Deborah Lucas

Abstract

The U.S. government is the world's largest financial institution, providing credit and assuming risk through diverse activities. But the potential cost and risk of these actions and obligations remain poorly understood and only partially measured. Government budgetary and financial accounting rules, which largely determine the information available to federal decision makers, have only just begun to address these issues. However, recently there has been a push to rethink how these programs are valued and accounted for, and some progress has been made in applying modern valuation methods—such a ... More

Keywords: credit, risk, U.S. government, budget, federal decision makers, options pricing, discount rates, value at risk, federal programs, housing

Bibliographic Information

Print publication date: 2010 Print ISBN-13: 9780226496580
Published to Chicago Scholarship Online: February 2013 DOI:10.7208/chicago/9780226496597.001.0001

Authors

Affiliations are at time of print publication.

Deborah Lucas, editor

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