The Effects of the Financial Crisison Public-Private Partnerships

• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
• Descrizione fisica: 1 online resource (26 p.)
• Soggetto topico: Public-private sector cooperation; Global Financial Crisis, 2008-2009; Accounting; Banks and Banking; Financial Risk Management; Public Finance; Business Fluctuations; Cycles; Project Evaluation; Social Discount Rate; Publicly Provided Goods: Mixed Markets; National Government Expenditures and Related Policies: Infrastructures; Other Public Investment and Capital Stock; Governmental Loans, Loan Guarantees, Credits, and Grants; Financial Crises; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill; Public Administration; Public Sector Accounting and Audits; Public finance & taxation; Economic & financial crises & disasters; Financial services law & regulation; Financial reporting, financial statements; Public investment and public-private partnerships (PPP); Financial crises; Financial statements; Exchange rate risk; Market risk; Expenditure; Public financial management (PFM); Financial regulation and supervision; Financial risk management; Finance, Public
• Soggetto geografico: Canada
• Note generali: At head of title: Fiscal Affairs Department.; "July 2009."
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: 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
• Sommario/riassunto: 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.
• Titolo autorizzato: The Effects of the Financial Crisison Public-Private Partnerships
• ISBN: 1-4623-2449-5; 1-4527-9446-4; 1-4518-7291-7; 9786612843587; 1-282-84358-3
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788331903321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2009/144