Risk Management Systems for Contingent Infrastructure Liabilities : Applications to Improve Contract Design and Monitoring

Government guarantees for private infrastructure projects represent real liabilities, and their costs can average as much as a third of the amount guaranteed. The authors show how governments can use a risk valuation process to analyze the distribution of risks, decide which risks they should bear a...

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Bibliographische Detailangaben
Hauptverfasser:	Lewis, Christopher M, Mody, Ashoka
Format:	Buch
Sprache:	eng
Schlagworte:	AGENTS APPLICATIONS CENTRAL GOVERNMENT COMMERCIAL RISKS COMMISSIONS CONTINGENT LIABILITIES CONTINGENT LIABILITY CONTINGENT VALUATION CONTINGENT VALUATION METHOD CONTRACT FORMULATION CONTRACT OPTIONS COST OVERRUNS COVERAGE DEREGULATION FISCAL POLICIES FISCAL POLICY GOVERNMENT GUARANTEES GOVERNMENT REGULATION INFRASTRUCTURE PROJECTS INSURANCE LOCAL GOVERNMENTS MARKET RISK PRIVATE INFORMATION PRIVATE INVESTMENTS PRIVATE SECTOR PROGRAMS RATES RESERVES REVENUE SHARING RISK ALLOCATION RISK ASSESSMENT RISK AVERSION RISK MANAGEMENT RISK SHARING RISK TRANSFER SUBSIDIARY UNDERWRITING RISK MANAGEMENT VALUATION
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Beschreibung
Zusammenfassung:	Government guarantees for private infrastructure projects represent real liabilities, and their costs can average as much as a third of the amount guaranteed. The authors show how governments can use a risk valuation process to analyze the distribution of risks, decide which risks they should bear and which should be borne by the private sector, and reduce the frequency and size of calls on guarantees.