Jump to ContentJump to Main Navigation
Measuring and Managing Federal Financial Risk$
Users without a subscription are not able to see the full content.

Deborah Lucas

Print publication date: 2010

Print ISBN-13: 9780226496580

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226496597.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 23 July 2021

Introduction

Introduction

Chapter:
(p.1) Introduction
Source:
Measuring and Managing Federal Financial Risk
Author(s):

Deborah Lucas

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226496597.003.0001

Despite the size and importance of federal involvement in financial markets, the costs and risks of most federal financial activities are only partially measured and are poorly understood. In important respects (e.g., the absence of capital budgets, risk adjustment, and sophisticated internal costing systems), federal accounting for financial risk and value lags well behind private-sector standards. The political process provides few incentives for improving disclosures. Also, with a few notable exceptions, academics have devoted relatively little attention to improving the measurements of federal financial costs and risks. Programmatic complexity and the difficulty of obtaining data from federal agencies create substantial barriers to entry for researchers, and the topic has remained outside of the mainstream of economic inquiry. Filling these gaps is extremely important.

Keywords:   financial market, federal accounting, financial risk, political process, federal agencies, costing system

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.