Format:
1 online resource (230 pages)
ISBN:
9780821368596
,
0821368583
,
9780821368589
,
0821368591
Series Statement:
Directions in Development
Content:
The book considers when governments should give guarantees to private investors. After describing the history of guarantees, and the challenges the politics and psychology create for good decisions, the book sets out principles for allocating risk (and therefore guarantees), techniques for valuing guarantees, and rules to encourage good decisions.
Content:
Contents -- Preface -- Acknowledgments -- Chapter 1 Overview -- Allocation -- Valuation -- Rules -- Chapter 2 Lessons of History -- Early Guarantees -- The Popularity of Guarantees -- If You Insist on Something, Prepare to Bear the Risks -- Try Not to Guarantee Risks Investors Can Manage -- Be Careful That What You Guarantee Is What You Want -- Manage the Risks You Guarantee -- Progress? -- Chapter 3 Obstacles to Good Decisions -- Cognitive Obstacles -- Political Obstacles -- Overcoming the Obstacles -- Chapter 4 Allocating Exposure to Risk -- Definitions -- A Principle -- Governments' Special Features -- Chapter 5 The Allocation of Three Risks -- Exchange-Rate Risk -- Insolvency Risk -- Policy Risk -- Chapter 6 Rules -- Involving People with an Interest in Future Costs -- Charging Fees -- Setting Criteria and Requiring Analysis -- Using Markets to Value Guarantees -- Reporting According to Modern Accounting Standards -- Disclosing Additional Information -- Budgeting for Guarantees -- Chapter 7 Valuing Exposure to Risk -- Identifying Exposure -- Measuring Exposure -- Valuing Exposure -- Chapter 8 The Valuation of Exposure to Three Risks -- Exchange-Rate Risk -- Insolvency Risk -- Policy Risk -- Appendix A -- References -- Index -- Figures -- 3.1 A Typical Prospect-Theory Value Function -- 3.2 A Typical Prospect-Theory Decision-Weight Function -- 3.3 Intuitive Forecasts -- 4.1 Characterizing Total-Project-Value Risk -- 4.2 Stakeholders' Risks and Total-Project-Value Risk -- 4.3 Total-Project-Value Risk and Its Components-Demand and Earthquake Risk -- 4.4 Risks and Stakeholders -- 5.1 Currencies of Five Developing Countries against the U.S. Dollar, 1985 to 2002 -- 5.2 Annual Average Inflation and Currency Depreciation against the U.S. Dollar in a Sample of 89 Countries, 1976-2001.
Note:
Description based on publisher supplied metadata and other sources
,
Contents; Preface; Acknowledgments; Chapter 1 Overview; Chapter 2 Lessons of History; Chapter 3 Obstacles to Good Decisions; Figures; Tables; Chapter 4 Allocating Exposure to Risk; Chapter 5 The Allocation of Three Risks; Chapter 6 Rules; Chapter 7 Valuing Exposure to Risk; Chapter 8 The Valuation of Exposure to Three Risks; Appendix A; References; Index
Additional Edition:
ISBN 9780821368589
Additional Edition:
Erscheint auch als Druck-Ausgabe ISBN 9780821368589
Language:
English
