Asset Details
Do you wish to reserve the book?
Federal Use of Implied Guarantees: Some Preliminary Lessons from the Current Financial Distress
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Federal Use of Implied Guarantees: Some Preliminary Lessons from the Current Financial Distress
Do you wish to request the book?
Federal Use of Implied Guarantees: Some Preliminary Lessons from the Current Financial Distress
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
Federal Use of Implied Guarantees: Some Preliminary Lessons from the Current Financial Distress
2009
Overview
The U.S. financial crisis and recession that began in 2007 poses profound challenges for public policy and administration. It also provides useful information about the effects of economic policies. This paper considers the implications of current developments for the use of implied guarantees as an instrument for the use of implied guarantees as an instrument of public policy. It draws on experience with Fannie Mae and Freddie Mac to argue that implied federal guarantees have a severe disadvantage. Their costs are largely unmeasured, unrecognized in the budget, and unmanaged. Yet their use appears to be increasing in the current crisis. To minimize the costs of the expanded financial safety net, government should measure and manage those costs more effectively. To that end, this paper proposes new budgetary treatments of federal implied guarantees.
Publisher
Blackwell Publishing Ltd,Wiley Subscription Services,American Society for Public Administration
Seems like something went wrong :( Kindly try again later!