The Brave New World
Theodore H. Moran
World Bank, 2004 - Business & Economics - 238 pages
'International Political Risk Management, Volume 2: The Brave New World' is the latest in a series based on the MIGA-Georgetown University Symposium on International Political Risk Management. Volumes in this series offer leading-edge assessments of needs and capabilities in the international political risk insurance industry. These assessments come from 18 experts in the fields of international investment, finance, insurance, and academe. Contributors to this volume consider 'The Brave New World' of the political risk insurance industry in the wake of September 11, 2001, the Argentine economic crisis, and other upheavals. The book begins with the supply-side perspective of insurers and then turns to the concerns of investors and lenders, in particular those involved in large infrastructure projects in emerging markets. It concludes with in-depth assessments of new challenges to definitions and coverage of currency transfer, expropriation, breach of contract, and political force majeure. The diverse and detailed arguments collected here come together in a surprising consensus: recent changes, contractions, and even losses are fueling the search for creative solutions and will ultimately prove beneficial for participants in the industry. An in-depth analysis from the front lines of international political risk management, this book will be a valuable guide to those who are considering private sector investments and privatizations in the developing world, whether as equity sponsors, lenders, or insurers. It should also be of interest to independent analysts and scholars working in the field of political risk management.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Political Risk Insurance after September 11
An Underwriters View
The Impact of September 11 on Trade Credit
12 other sections not shown
ance Argentina Argentine crisis Berne Union Brazil breach of contract capacity capital markets claims clients companies Contract cover Corporation currency default demand devaluation developing countries ECAs ECGD economic emerging markets Enron equity erage export credit exposure expropriation expropriation coverage expropriatory foreign direct investment Georgetown University global guarantee host country host government impact inconvertibility increased Indonesia insurance industry insurance policies International Political Risk investment insurance investors issues lenders limited Lloyd's losses ment MIGA MIGA's million Moran multilateral operations OPIC OPIC's partial risk guaranties percent policyholders political force majeure political risk insurance Political Risk Management political violence portfolio power projects Predieri premium private insurers Private Investment private market private sector public agencies public providers regulatory reinsurance risk insurance market risk mitigation role September 11 terrorism risk Theodore H tion traditional U.S. dollars underwriters World Bank World Bank Group Zuck