Government Guarantees Allocating and Valuing Risk in Privately Financed Infrastructure Projects

Name: Government Guarantees Allocating and Valuing Risk in Privately Financed Infrastructure Projects
Price: 23.74 USD
Availability: InStock
ISBN: 9780821368589

ISBN-10: 0821368583

ISBN-13: 9780821368589

Edition: 2007

Authors: Timothy Irwin, World Bank Staff

List price: $35.00

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Government guarantees can help persuade private investors to finance valuable new infrastructure. But because their costs are hard to estimate and usually do not show up in the government's accounts, governments can be tempted to grant too many guarantees. Drawing on a diverse range of disciplines, including finance, history, economics, and psychology, Government Guarantees aims to help governments give guarantees only when they are justified. It reviews the history of government guarantees and identifies the cognitive and political obstacles to good decisions about guarantees. It then develops a framework for judging when governments should bear risk in an infrastructure project (seeking…

Book details

List price: $35.00
Copyright year: 2007
Publisher: World Bank Publications
Publication date: 3/30/2007
Binding: Paperback
Pages: 228
Size: 6.18" wide x 8.91" long x 0.55" tall
Weight: 0.836
Language: English




Overview



Lessons of history



Obstacles to good decisions



Allocating exposure to risk



The allocation of three risks



Rules



Valuing exposure to risk



The valuation of exposure to three risks