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

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dc.contributor.authorGray, Philip
dc.contributor.authorIrwin, Timothy
dc.date.accessioned2012-08-13T14:39:29Z
dc.date.available2012-08-13T14:39:29Z
dc.date.issued2003-12
dc.description.abstractEach 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 infrastructure of developing countries would seem to hold great promise. But foreign investors must cope with volatile developing country currencies. Many attempts to do so have created as many problems as they have solved. This note proposes that investors take on all financing-related exchange rate risk, even though this may mean higher tariffs for consumers as a premium for bearing that risk.en
dc.identifierhttp://documents.worldbank.org/curated/en/2003/12/12120226/exchange-rate-risk-allocating-exchange-rate-risk-private-infrastructure-projects
dc.identifier.doi10.1596/11286
dc.identifier.urihttps://hdl.handle.net/10986/11286
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesViewpoint: Public Policy for the Private Sector; Note No. 266
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADJUSTMENT MECHANISMS
dc.subjectADVERSE EFFECT
dc.subjectBUDGET DEFICITS
dc.subjectCAPITAL MARKETS
dc.subjectCOMMUNICATIONS DEVELOPMENT
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONTRACTUAL SAVINGS
dc.subjectCONTRACTUAL SAVINGS INSTITUTIONS
dc.subjectCREDITORS
dc.subjectCURRENCY CRISES
dc.subjectDEBT FINANCING
dc.subjectDEBT SERVICE
dc.subjectDERIVATIVES
dc.subjectDEVALUATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDOLLAR BONDS
dc.subjectEMERGING MARKETS
dc.subjectEQUITY INVESTORS
dc.subjectEQUITY MARKETS
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE MOVEMENTS
dc.subjectEXCHANGE RATE RISK
dc.subjectEXCHANGE RATE RISKS
dc.subjectEXCHANGE RATES
dc.subjectEXPOSURE
dc.subjectFINANCIAL STRUCTURE
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY DEBT
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN EQUITY
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RISK
dc.subjectFOREIGN INVESTORS
dc.subjectHEDGES
dc.subjectHOST COUNTRY
dc.subjectIMPLICIT SUBSIDIES
dc.subjectINFRASTRUCTURE PROJECT
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINNOVATIVE FINANCING
dc.subjectINSURANCE COMPANIES
dc.subjectINTEREST RATE
dc.subjectINVESTMENT CORPORATION
dc.subjectLIFE INSURANCE
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY FACILITY
dc.subjectLOAN
dc.subjectLOCAL CAPITAL MARKETS
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL CURRENCY FINANCING
dc.subjectLOCAL DEBT
dc.subjectLOCAL INFLATION
dc.subjectLONG TERM
dc.subjectMACROECONOMIC CRISES
dc.subjectMACROECONOMIC POLICIES
dc.subjectMATURITY
dc.subjectMUTUAL FUNDS
dc.subjectOPTIMAL ALLOCATION
dc.subjectOUTPUTS
dc.subjectPENSION
dc.subjectPENSION FUNDS
dc.subjectPENSION PLANS
dc.subjectPRICE INCREASES
dc.subjectPRIVATE FINANCE
dc.subjectPRIVATE INFRASTRUCTURE
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRIVATIZATIONS
dc.subjectPUBLIC POLICY
dc.subjectRATE OF DEPRECIATION
dc.subjectRATES OF RETURN
dc.subjectRENEGOTIATION
dc.subjectREPAYMENT
dc.subjectRETURN
dc.subjectREVOLVING LOAN
dc.subjectRISK SHARING
dc.subjectSAVINGS RATES
dc.subjectSHAREHOLDERS
dc.subjectTARIFF INCREASES
dc.subjectVOLATILITY
dc.subjectWORLD PRICE
dc.titleExchange Rate Risk : Allocating Exchange Rate Risk in Private Infrastructure Projectsen
dspace.entity.typePublication
okr.date.doiregistration2025-04-29T09:46:19.007446Z
okr.doctypePublications & Research::Viewpoint
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2003/12/12120226/exchange-rate-risk-allocating-exchange-rate-risk-private-infrastructure-projects
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid410791468333272124
okr.identifier.externaldocumentum000334955_20100420053938
okr.identifier.internaldocumentum12120226
okr.identifier.report54118
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/04/20/000334955_20100420053938/Rendered/PDF/541180VP0266Gr10Box345636B01PUBLIC1.pdfen
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicMacroeconomics and Economic Growth::Economic Stabilization
okr.topicMacroeconomics and Economic Growth::Macroeconomic Management
okr.unitFinancial Solutions Unit (FEUFS)
okr.volume1 of 1
relation.isAuthorOfPublication4cdd14e3-d673-5b41-bfda-166d60c2e404
relation.isAuthorOfPublication.latestForDiscovery4cdd14e3-d673-5b41-bfda-166d60c2e404
relation.isSeriesOfPublication1067ecbf-b217-4376-a77e-64594be2b212
relation.isSeriesOfPublication.latestForDiscovery1067ecbf-b217-4376-a77e-64594be2b212
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