{"product_id":"measuring-and-managing-federal-financial-deborah-lucas-9780226496580","title":"Measuring and Managing Federal Financial Risk","description":"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 as options pricing, risk-adjusted discount rates, and value at risk--to these types of obligations. \u003cp\u003e\u003c\/p\u003eThis book contains new research, both empirical and methodological, on the measurement and management of these costs and risks. The analyses encompass a broad spectrum of federal programs, including housing, catastrophe insurance, student loans, social security, and environmental liabilities. Collectively, the contributions gathered in \u003ci\u003eMeasuring and Managing Federal Financial Risk\u003c\/i\u003e demonstrate that the logic of financial economics can be a useful tool for studying a range of federal activities.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Deborah Lucas\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0226496589\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780226496580\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e University of Chicago Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/15\/2010\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 280\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.05lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.10h x 6.10w x 0.90d","brand":"Deborah Lucas","offers":[{"title":"Hardcover","offer_id":48086414393599,"sku":"9780226496580","price":105.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_b38e7dc0-54f1-4dee-982f-86221345f410.jpg?v=1769094536","url":"https:\/\/www.whiterainbookhouse.com\/products\/measuring-and-managing-federal-financial-deborah-lucas-9780226496580","provider":"WR Book House","version":"1.0","type":"link"}