Contract Risk and Credit Spread Determinant in the International Project Bond Market

Contract Risk and Credit Spread Determinant in the International Project Bond Market PDF Author: Mansoor Dailami
Publisher: World Bank Publications
ISBN:
Category : Bond market
Languages : en
Pages : 58

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Book Description
In infrastructure projects bondholders and shareholders share residual risks over time despite debt covenants meant to mitigate risk shifting. For projects accessing international bond markets to benefit from longer maturities and lower borrowing costs, it is therfore necessary to pay attention to such design features as capital structure, guarantees, off-take agreement, and project economics.

Contract Risk and Credit Spread Determinant in the International Project Bond Market

Contract Risk and Credit Spread Determinant in the International Project Bond Market PDF Author: Mansoor Dailami
Publisher: World Bank Publications
ISBN:
Category : Bond market
Languages : en
Pages : 58

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Book Description
In infrastructure projects bondholders and shareholders share residual risks over time despite debt covenants meant to mitigate risk shifting. For projects accessing international bond markets to benefit from longer maturities and lower borrowing costs, it is therfore necessary to pay attention to such design features as capital structure, guarantees, off-take agreement, and project economics.

Contract Risks and Credit Spread Determinants in the International Project Bond Market

Contract Risks and Credit Spread Determinants in the International Project Bond Market PDF Author: Mansoor Dailami
Publisher:
ISBN:
Category :
Languages : en
Pages : 54

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Book Description


Tropical Bubbles

Tropical Bubbles PDF Author: Santiago Herrera
Publisher: World Bank Publications
ISBN:
Category : Business cycles
Languages : en
Pages : 64

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Book Description
The authors examine if observed asset prices in Latin America depart significantly from fundamentals-determined levels. These departures, or bubbles, are found to be equally determined by both country-specific and common external variables, contrary to previous studies that found that local factors were predominant in asset price determination in Latin America.

Hospital Governance and Incentive Design

Hospital Governance and Incentive Design PDF Author: Florence Eid
Publisher: World Bank Publications
ISBN:
Category : Corporate governance
Languages : en
Pages : 56

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Book Description
Representation of community and government interests on hospital boards can balance the competing concerns of reducing costs and increasing the quality of service provision in corporatized hospitals.

Applying the decision rights approach to a case of Hospital institutional Design

Applying the decision rights approach to a case of Hospital institutional Design PDF Author: Florence Eid
Publisher: World Bank Publications
ISBN:
Category : Corporate governance
Languages : en
Pages : 56

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Book Description
A study of a corporatized hospital in Lebanon shows that service delivery can be improved where there are appropriate incentives and mechanisms for risk sharing.

Using Development Oriented Equity Investment as a Tool for Restructuring Transition Banking Sectors

Using Development Oriented Equity Investment as a Tool for Restructuring Transition Banking Sectors PDF Author: Helo Meigas
Publisher: World Bank Publications
ISBN:
Category : Banks and banking
Languages : en
Pages : 36

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Book Description
Over the past 10 years th ...

Is There a Positive Incentive Effect from Privatizing Social Security

Is There a Positive Incentive Effect from Privatizing Social Security PDF Author: Truman Packard
Publisher: World Bank Publications
ISBN:
Category : Individual retirement accounts
Languages : en
Pages : 32

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Book Description
Introducing individual retirement accounts has a positive incentive effect that increases the share of the economically active population contributing to the reformed pension system. But this effect occurs only gradually as employers and workers become familiar with the new set of social insurance institutions put in place by reform.

Implications for South Asian Countries of Abolishing the Multifibre Arrangement

Implications for South Asian Countries of Abolishing the Multifibre Arrangement PDF Author: Sanjay Kathuria
Publisher: World Bank Publications
ISBN:
Category : Arrangement Regarding International Trade in Textiles
Languages : en
Pages : 30

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Book Description
Modeling results suggest that South Asia as a whole will gain from the abolition of the quotas under the Multifibre Arrangement. Unambiguously, however, the gains from domestic reform will increase after the abolition of the arrangement as export demand becomes more price responsive.

 PDF Author: Books Group
Publisher: World Bank Publications
ISBN: 1130040208
Category :
Languages : en
Pages : 44

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Book Description
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1890 Excerpt: ...and inspection of commercial wares. Four stations are charged with the inspection of foods and beverages. Eight stations are organized with especial reference to more purely scientific research. Fifteen are conducting investigations in vegetable physiology, nine in animal physiology and nutrition, two on soils, three in dairying, four in sugar-beet culture, two in fruit and vine culture, one in agricultural physics, eight in chemistry or chemical technology, four in agricultural technology, two upon commercial agricultural products (especially wine and tobacco), and three upon beer brewing. Nine of the stations have vegetation houses for experiments in vegetable physiology, nine have experimental fields, seven have feeding stalls for experimental purposes, four have experimental gardens, two have special arrangements tor animals under experiment (Haustiergarten), two are equipped with Pettenkofers respiration apparatus, and one with a horse dynamometer. The German stations are like ours in the general character of their work, and in the fact of their connection with educational institutions, but since the latter institutions are under the control of the government, which also supplies a large amount of the revenues of the stations and appointmany of their officers, the stations are more directly subject to governmental supervision than ours. It should be observed that agricultural societies exercise the most important influence in their management; many of the stations were established by these societies and receive a considerable portion of their revenue from them. The revenues are smaller than ours, as are sala-ries and other expenses. A much larger proportion of the revenue comes from analyses of fertilizers and other commercial products. In general, the...

Paying for Health Care

Paying for Health Care PDF Author: Adam Wagstaff
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 56

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Book Description
Egalitarian concepts of fairness in health care payments (requiring that payments be linked to ability to pay) are compared with minimum standards approaches (requiring that payments not exceed a prescribed share of prepayment income or not drive households into poverty). The arguments and methods are illustrated using data and out-of-pocket health spending in Vietnam in 1993 and 1998.