Is there scope for a new project bond market in Europe? A promising opportunity for promoting transnational infrastructure
Fuente:
Redalyc
Enregistré dans:
| Auteur principal: | |
|---|---|
| Format: | Artículo científico |
| Langue: | en |
| Publié: |
Portal Universia S.A.
2012
|
| Sujets: | |
| Accès en ligne: | |
| Tags: |
Ajouter un tag
Pas de tags, Soyez le premier à ajouter un tag!
|
| _version_ | 1876452899543842816 |
|---|---|
| author | Raúl C. Rosales |
| author_facet | Raúl C. Rosales |
| contents | Is there scope for a new project bond market in Europe? A promising opportunity for promoting transnational infrastructure Raúl C. Rosales José M. Vassallo Economía y Finanzas Public Europe Solvency II Project Bonds Latin America The European Union recently launched an initiative to foster Public Private Partnerships (PPPs) for delivering Trans-European projects by making long-term project-bonds more appealing to institutional investors. This is achieved through credit-enhancement mechanisms such as partial stand-by liquidity guarantees, or layers of subordinated debt provided by the European Investment Bank. This initiative intends to circumvent the liquidity problems currently endured by commercial banks in Europe to fund megaprojects. In this paper we explore the advantages and drawbacks of this initiative for promoting transnational infrastructure networks in Europe, and analyse its applicability to other economic areas such as Latin America. 2012 artículo científico 1988-7116 https://www.redalyc.org/articulo.oa?id=511851335006 en http://www.redalyc.org/revista.oa?id=5118 Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade application/pdf Portal Universia S.A. Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade (España) Num.3 Vol.6 |
| format | Artículo científico |
| id | redalyc_511851335006 |
| institution | Redalyc |
| language | en |
| publishDate | 2012 |
| publisher | Portal Universia S.A. |
| spellingShingle | Is there scope for a new project bond market in Europe? A promising opportunity for promoting transnational infrastructure Raúl C. Rosales Economía y Finanzas Public Europe Solvency II Project Bonds Latin America Is there scope for a new project bond market in Europe? A promising opportunity for promoting transnational infrastructure Raúl C. Rosales José M. Vassallo Economía y Finanzas Public Europe Solvency II Project Bonds Latin America The European Union recently launched an initiative to foster Public Private Partnerships (PPPs) for delivering Trans-European projects by making long-term project-bonds more appealing to institutional investors. This is achieved through credit-enhancement mechanisms such as partial stand-by liquidity guarantees, or layers of subordinated debt provided by the European Investment Bank. This initiative intends to circumvent the liquidity problems currently endured by commercial banks in Europe to fund megaprojects. In this paper we explore the advantages and drawbacks of this initiative for promoting transnational infrastructure networks in Europe, and analyse its applicability to other economic areas such as Latin America. 2012 artículo científico 1988-7116 https://www.redalyc.org/articulo.oa?id=511851335006 en http://www.redalyc.org/revista.oa?id=5118 Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade application/pdf Portal Universia S.A. Journal of Globalization, Competitiveness & Governability / Revista de Globalización, Competitividad y Gobernabilidad / Revista de Globalização, Competitividade e Governabilidade (España) Num.3 Vol.6 |
| title | Is there scope for a new project bond market in Europe? A promising opportunity for promoting transnational infrastructure |
| topic | Economía y Finanzas Public Europe Solvency II Project Bonds Latin America |
| url | https://www.redalyc.org/articulo.oa?id=511851335006 |