Staff View: Exchange Rate Risk : Allocating Exchange Rate Risk in Private Infrastructure Projects

Exchange Rate Risk : Allocating Exchange Rate Risk in Private Infrastructure Projects

Each year developing countries seek billions of dollars of investment in their infrastructure, and private investors, mostly in rich countries, seek places to invest trillions of dollars of new savings. Private foreign investment in the infrastruct...

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Bibliographic Details
Main Authors:	Gray, Philip, Irwin, Timothy
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ADJUSTMENT MECHANISMS ADVERSE EFFECT BUDGET DEFICITS CAPITAL MARKETS COMMUNICATIONS DEVELOPMENT CONSUMER PRICE INDEX CONTRACTUAL SAVINGS CONTRACTUAL SAVINGS INSTITUTIONS CREDITORS CURRENCY CRISES DEBT FINANCING DEBT SERVICE DERIVATIVES DEVALUATION DEVELOPING COUNTRIES DOLLAR BONDS EMERGING MARKETS EQUITY INVESTORS EQUITY MARKETS EXCHANGE RATE EXCHANGE RATE MOVEMENTS EXCHANGE RATE RISK EXCHANGE RATE RISKS EXCHANGE RATES EXPOSURE FINANCIAL STRUCTURE FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN DEBT FOREIGN EQUITY FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN INVESTORS HEDGES HOST COUNTRY IMPLICIT SUBSIDIES INFRASTRUCTURE PROJECT INFRASTRUCTURE PROJECTS INNOVATIVE FINANCING INSURANCE COMPANIES INTEREST RATE INVESTMENT CORPORATION LIFE INSURANCE LIQUIDITY LIQUIDITY FACILITY LOAN LOCAL CAPITAL MARKETS LOCAL CURRENCY LOCAL CURRENCY FINANCING LOCAL DEBT LOCAL INFLATION LONG TERM MACROECONOMIC CRISES MACROECONOMIC POLICIES MATURITY MUTUAL FUNDS OPTIMAL ALLOCATION OUTPUTS PENSION PENSION FUNDS PENSION PLANS PRICE INCREASES PRIVATE FINANCE PRIVATE INFRASTRUCTURE PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATIONS PUBLIC POLICY RATE OF DEPRECIATION RATES OF RETURN RENEGOTIATION REPAYMENT RETURN REVOLVING LOAN RISK SHARING SAVINGS RATES SHAREHOLDERS TARIFF INCREASES VOLATILITY WORLD PRICE
Online Access:	http://documents.worldbank.org/curated/en/2003/12/12120226/exchange-rate-risk-allocating-exchange-rate-risk-private-infrastructure-projects http://hdl.handle.net/10986/11286

Exchange Rate Risk : Allocating Exchange Rate Risk in Private Infrastructure Projects

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