Contents

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Preface ix
4. Introduction 1
5. 1. Bringing Financial Literacy to Washington 13
6. 2. Measuring and Managing Federal Financial Risk: A View from the Hill 21
7. 3. The Cost of Risk to the Government and Its Implications for Federal Budgeting 29
8. 4. Federal Financial Exposure to Natural Catastrophe Risk 61
9. 5. Housing Policy, Mortgage Policy, and the Federal Housing Administration 97
10. 6. Valuing Government Guarantees: Fannie and Freddie Revisited 131
11. 7. Guaranteed versus Direct Lending: The Case of Student Loans 163
12. 8. Market Valuation of Accrued Social Security Benefi ts 213
13. 9. Environment and Energy: Catastrophic Liabilities from Nuclear Power Plants 235
14. Contributors 261
15. Author Index 263
16. Subject Index 267