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Record Nr. |
UNINA9910812019603321 |
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Titolo |
The Effects of the Financial Crisison Public-Private Partnerships |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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1-4623-2449-5 |
1-4527-9446-4 |
1-4518-7291-7 |
9786612843587 |
1-282-84358-3 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (26 p.) |
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Collana |
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Disciplina |
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Soggetti |
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Public-private sector cooperation |
Global Financial Crisis, 2008-2009 |
Accounting |
Banks and Banking |
Business Fluctuations |
Capital and Ownership Structure |
Cycles |
Economic & financial crises & disasters |
Exchange rate risk |
Expenditure |
Finance, Public |
Financial Crises |
Financial crises |
Financial regulation and supervision |
Financial reporting, financial statements |
Financial Risk and Risk Management |
Financial Risk Management |
Financial risk management |
Financial services law & regulation |
Financial statements |
Financing Policy |
Goodwill |
Governmental Loans, Loan Guarantees, Credits, and Grants |
Market risk |
National Government Expenditures and Related Policies: Infrastructures |
Other Public Investment and Capital Stock |
Project Evaluation |
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Public Administration |
Public finance & taxation |
Public Finance |
Public financial management (PFM) |
Public investment and public-private partnerships (PPP) |
Public Sector Accounting and Audits |
Publicly Provided Goods: Mixed Markets |
Social Discount Rate |
Value of Firms |
Canada |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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At head of title: Fiscal Affairs Department. |
"July 2009." |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Contents; I. Introduction; II. Public-Private Partnerships; Boxes; 1. Definition of PPPs; III. Transmission Mechanisms: Threats, Vulnerabilities and Risk; A. Crisis Transmission Mechanisms: Threats; Figures; 1. Developed and Emerging Market Interest Rates; 2. Project Finance Syndicated Loans Volume by Region; B. Crisis Transmission Mechanisms: Vulnerabilities; C. Crisis Transmission Mechanisms: Risks; Tables; 1. Channels of Transmission of the Financial Crisis; 2. Effect of a Crisis on PPP Partners; 3. Typology of Risks Affecting PPPs; IV. Impact of the Crisis: Evidence |
4. Total Investment Commitments3. The Crisis, Emerging Markets, Foreign Investment and Exchange Rates; 5. Ongoing PPP Projects in Emerging Markets Affected by the Financial Crisis; 4. Country Evidence: Effects of the Crisis on PPPs; V. Managing Crisis Risks for PPPs; 6. Survey Analysis: Risks and Institutional Framework; A. Intervention Measures; 5. Government Measures to Reinvigorate PPPs; B. Intervention Principles; C. "Trip Switch" Clauses; References |
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Sommario/riassunto |
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The paper investigates the impact of the global financial crisis on public-private partnerships (PPPs) and the circumstances under which providing support to new and existing projects is justified. Based on country evidence, cost of and access to finance are found to be the main channels of transmission of the financial crisis, affecting in particular pipeline PPP projects. Possible measures to help PPPs during the crisis include contract extensions, output-based subsidies, revenue enhancements and step-in rights. To limit government's exposure to risk, while preserving private partner's efficiency incentives, intervention measures should be consistent with the wider fiscal policy stance, be contingent on specific circumstances, and be adequately costed and budgeted. Governments should be compensated for taking on additional risk. |
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