The Infrastructure Finance Challenge - cover image

Book Series

Copyright

New York University / Stern School of Business

Published On

2016-11-21

ISBN

Paperback978-1-78374-293-6
Hardback978-1-78374-294-3
PDF978-1-78374-295-0
HTML978-1-80064-525-7
XML978-1-78374-619-4
EPUB978-1-78374-296-7
MOBI978-1-78374-297-4

Language

  • English

Print Length

134 pages (vi + 128)

Dimensions

Paperback156 x 7 x 234 mm(6.14" x 0.29" x 9.21")
Hardback156 x 10 x 234 mm(6.14" x 0.38" x 9.21")

Weight

Paperback446g (15.73oz)
Hardback820g (28.92oz)

Media

Illustrations8
Tables6

OCLC Number

1089434062

LCCN

2019452611

BIC

  • K

BISAC

  • BUS032000
  • BUS051000

LCC

  • HC79.C3

Keywords

  • Infrastructure
  • finance
  • economics
  • welfare
  • sustainability
  • social progress
  • report
  • Stern School of Business
  • New York University
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The Infrastructure Finance Challenge

  • Ingo Walter (editor)

Infrastructure and its effects on economic growth, social welfare, and sustainability receive a great deal of attention today. There is widespread agreement that infrastructure is a key dimension of global development and that its impact reaches deep into the broader economy with important and complex implications for social progress. At the same time, infrastructure finance is among the most complex and challenging areas in the global financial architecture. Ingo Walter, Professor of Finance, Corporate Governance and Ethics Emeritus at the Stern School of Business, New York University, and his team of experts tackles the issue by focussing on key findings backed by serious theoretical and empirical research. The result is a set of viable guideposts for researchers, policy-makers, students and anybody interested in the complex challenges of contemporary economy.

Endorsements

The global interconnectedness of the world’s economies, along with the torrid pace of urbanization in the developing world, lead to urgent and manifestly complex issues about infrastructure. This monograph takes on some of the fundamental questions in this area, attempting to clarify how to think about the boundaries of what is meant by ‘infrastructure’, its pricing, its potential adverse effects and its financing.

Paul Boghossian

Director, Global Institute for Advanced Study, NYU

Table of Contents

Preface

Executive Summary

Some Key Conclusions

1. Infrastructure, Performance and Economic Growth

2. Investable Infrastructure Assets

3. Infrastructure Attributes and Problems of Market Failure

4. Legal Structures and Frameworks

5. Beyond Economics: Governance and Infrastructure Development

6. The Global Infrastructure Development Sector

7. Infrastructure Finance

8. Structuring the Financial Mosaic

9. Identification and Mitigation of Project-related Risks

10. Intermediating Infrastructure Finance: Market Contours

11. Establishing Robust Markets for Infrastructure-backed Securities

12. Infrastructure Equity as an Asset Class

13. Project and Infrastructure Debt as an Asset Class

14. Portfolio Optimization: Institutional Investors and Asset Managers

15. Accelerating Infrastructure Finance

16. Some Solutions

References

List of Contributors


Contributors

Ingo Walter

(editor)
Professor Emeritus of Finance at New York University