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Government Risk-Bearing
Mark S. . Ed(S): Sniderman
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Description for Government Risk-Bearing
Hardback. Proceedings of a Conference held at the Federal Reserve Bank of Cleveland Editor(s): Sniderman, Mark S. Num Pages: 182 pages, biography. BIC Classification: KFFK; KFFN. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 166 x 241 x 21. Weight in Grams: 462.
The u.s. government bulks large in the nation's financial markets. The huge volume of government-issued and -sponsored debt affects the pricing and volume ofprivate debt and, consequently, resource allocation between competing alternatives. What is often not fully appreciated is the substantial influence the federal government wields overresource allocation through its provisionofcreditandrisk-bearing services to the private economy. Because peopleand firms generally seekto avoid risk, atsomeprice they are willing to pay another party to assume the risk they would otherwise face. Insurance companies are a class of private-sector firms one commonly thinks of as providing these services. As the federal government has ... Read more
The u.s. government bulks large in the nation's financial markets. The huge volume of government-issued and -sponsored debt affects the pricing and volume ofprivate debt and, consequently, resource allocation between competing alternatives. What is often not fully appreciated is the substantial influence the federal government wields overresource allocation through its provisionofcreditandrisk-bearing services to the private economy. Because peopleand firms generally seekto avoid risk, atsomeprice they are willing to pay another party to assume the risk they would otherwise face. Insurance companies are a class of private-sector firms one commonly thinks of as providing these services. As the federal government has ... Read more
Product Details
Format
Hardback
Publication date
1993
Publisher
Kluwer Academic Publishers United States
Number of pages
182
Condition
New
Number of Pages
182
Place of Publication
Dordrecht, Netherlands
ISBN
9780792393122
SKU
V9780792393122
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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