Sovereign risk and public-private partnership during the Euro crisis [electronic resource] /
Campra, Maura.author.
Oricchio, Gianluca.author.
Braja, Eugenio Mario.author.
Esposito, Paolo.author.
This book is an examination of the sovereign risk and debt limit issues facing the Eurozone (crisis/post crisis) and the need for alternative mechanisms to fund the capital investment requirements of the region.
Description based upon print version of record.
Cover; Half-Title ; Title; Copyright; Contents; List of Illustrations; List of Abbreviations; 1 Introduction; 2 Sovereign Risk: Credit Risk Analysis and the Role of PPP Schemes; 2.1 Lessons learnt from the financial crisis: the strong link between sovereign risk and bank risk; 2.2 Sovereign and bank rating models; 2.3 Sovereign risk and corporate risk: how to improve the real economy; 3 PPP Schemes; 3.1 The genesis of PPPs; 3.2 EU: no formal definition of PPP; 3.3 PPP definition - form and substance; 3.4 PPP in the European Commission Green Paper; 3.5 PPP elements; 3.6 Forms of PPP
3.7 PPP models and schemes3.8 Elements of different PPP schemes; 3.9 The PPP in Europe; 3.10 Economic impacts in European countries; 3.11 PFI model in the UK; 4 IFRIC 12 Service Concession Arrangements; 4.1 Introduction to IFRIC 12; 4.2 Scope; 4.3 Treatment of the operator's rights over the infrastructure; 4.4 Recognition and measurement of arrangement consideration; 4.5 Recognition of consideration for construction and upgrade services; 4.6 Management services, redeveloping infrastructure functionality, financial charges; 4.7 Recognition of elements made available by grantor
4.8 Classification of PPP sectors4.9 Literature review: elaboration on the reference theoretical framework; 4.10 Implications of the Internal Stability Pact: the Italian case; 4.11 Appendix; 5 Case Studies in UK: Energy Management, Transportation Management, and Water Management; 5.1 PPP in UK; 5.2 Genesis of PPP in Europe: first forms; 5.3 The instruments of popular participation in UK; 5.4 The quantity, value of PPPs in the UK; 5.5 Is value for money a priority in the UK?; 5.6 Some UK examples under IFRIC 12 adoption
5.7 Appendix: the multi-business companies in different PPP sectors in the UK6 Italian Case Studies in Energy, Transport and Water Management; 6.1 A brief historical description; 6.2 Italian complexity and regulatory confusion; 6.3 The PPP in the public contract code; 6.4 Italian contractual model; 6.5 IFRIC 12 in Italy; 6.6 The Italian statutory profile; 6.7 Network of strategic infrastructure under concession; 6.8 Public works concessions; 6.9 PPP, SCA and IFRIC 12: a literature survey; 6.10 IFRIC 12 in Italy; 6.11 The energy sector; 6.12 Transport sector: Italian railways
6.13 Transport sector: airports and infrastructure6.14 Transport sector: highways; 6.15 Water sector: regulation analysis; 6.16 Appendix 6.1: effect on consolidated equity and on net result; 6.17 Appendix 6.2: typical case studies; 7 Case Studies in Spain (Energy, Transporation and Water Management); 7.1 The Spanish experience of PPP; 7.2 Why is the energy sector different in Spain?; 7.3 Typical energy sector case studies; 7.4 The transport sector; 7.5 The water sector; 7.6 Appendix: case studies; 8 Sovereign Risk and PPP Schemes: Future Directions; Notes; Bibliography; Index
Includes bibliographical references and index.
This book is an examination of the sovereign risk and debt limit issues facing the Eurozone (crisis/post crisis) and the need for alternative mechanisms to fund the capital investment requirements of the region.
Risk management.
Finance, Public.
Capital market.
Corporations—Finance.
Macroeconomics.
Business enterprises—Finance.
Risk Management.
Public Finance.
Capital Markets.
Corporate Finance.
Macroeconomics/Monetary Economics//Financial Economics.
Business Finance.