Measuring and managing federal financial risk.

• Position: Bureau Books - Conference notes

Measuring and Managing Federal Financial Risk, edited by Deborah J. Lucas, is available now from the University of Chicago Press for $85.00.

Although the U.S. government is the world's largest financial institution, providing credit and assuming risk through diverse activities, there has been little understanding or measurement of the potential costs and risks of such actions and obligations up until now. This NBER Conference Report 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...