Background Papers
Historical Perspective: Federal Credit and Public Sector Risk
- Douglas Criscitello, Government Trends in U.S. Government Lending: Understanding role of traditional Federal credit programs, options of improving administration, and considerations for continued government involvement, December 2009.
- Douglas Elliott, Uncle Sam in Pinstripes: Evaluating U.S. Federal Credit Programs, (Brookings Institution Press, 2011), excerpts.
- Deborah Lucas and Marvin Phaup, "The Cost of Risk to the Government and Its Implications for Federal Budgeting," Measuring and Managing Federal Financial Risk (University of Chicago Press, 2007), 29 - 54.
- R.J. Saulnier, Harold G. Halcrow and Neil J. Jacoby, Federal Lending and Loan Insurance, (Princeton, 1958).
- Thomas Staton, "Instrumentalities of Government," Chap. 2 in Government-Sponsored Enterprises: Mercantilist Companies in the Modern World (American Enterprise Institute, 2002).
- Murray Weidenbaum, "The Growing Federal Credit Programs: A National Policy Issue?" Financial Analysts Journal, Vol. 27, No. 1 (January - February, 1971).
Contemporary Perspective: Federal Financial Exposures Following the Financial Crisis
- Michael Bordo and Harold James, The Great Depression Analogy, The National Bureau of Economic Research, December 2009.
- Tom Baker and David Moss, "Government as Risk Manager," Chap. 2 in New Perspectives on Regulation, edited by David Moss and John Cisternino, 87 - 109. (The Tobin Project, 2009).
- Benjamin Friedman, Learning from the Crisis: What can Central Banks Do?, January 2010.
- Peter Stella, The Federal Reserve System Balance Sheet: What Happened and Why it Maters, May 2009.
- FY2013 OMB Supplement on Federal Lending activities.