Financing Infrastructure in India: Macroeconomic Lessons and Emerging Market Case Studies
Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been challenging in many countries. This study includes two parts: an empirical analysis of macroeconomic risks associated with infrastructure booms, and a case study of four emerging economie...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2011
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| Schriftenreihe: | IMF Working Papers
Working Paper No. 11/181 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been challenging in many countries. This study includes two parts: an empirical analysis of macroeconomic risks associated with infrastructure booms, and a case study of four emerging economies about their practice of funding infrastructure development. The study shows that (i) there is no empirical evidence that rapid infrastructure growth would undermine contemporary macroeconomic performance, implying that room is created to accommodate infrastructure booms without compromising fiscal and external sustainability; (ii) banks may play an important role in financing infrastructure, but caution is needed to avoid directed lending and regulatory forbearance that the authorities may use to promote financing; (iii) capital market development is important to accommodate the usually high financing needs, and encouraging private investors to move into infrastructure would require regulatory and institutional improvements; and (iv) public support, including credit guarantees, may help bolster investors'' confidence, but the authorities should carefully monitor and manage fiscal risks |
| Beschreibung: | 1 Online-Ressource (32 p) |
| ISBN: | 146231029X 9781462310296 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:20Z |
| indexdate | 2024-07-10T09:35:28Z |
| institution | BVB |
| isbn | 146231029X 9781462310296 |
| language | English |
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| series2 | IMF Working Papers |
| spelling | Walsh, James Verfasser aut Financing Infrastructure in India Macroeconomic Lessons and Emerging Market Case Studies Walsh, James Washington, D.C International Monetary Fund 2011 1 Online-Ressource (32 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/181 Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been challenging in many countries. This study includes two parts: an empirical analysis of macroeconomic risks associated with infrastructure booms, and a case study of four emerging economies about their practice of funding infrastructure development. The study shows that (i) there is no empirical evidence that rapid infrastructure growth would undermine contemporary macroeconomic performance, implying that room is created to accommodate infrastructure booms without compromising fiscal and external sustainability; (ii) banks may play an important role in financing infrastructure, but caution is needed to avoid directed lending and regulatory forbearance that the authorities may use to promote financing; (iii) capital market development is important to accommodate the usually high financing needs, and encouraging private investors to move into infrastructure would require regulatory and institutional improvements; and (iv) public support, including credit guarantees, may help bolster investors'' confidence, but the authorities should carefully monitor and manage fiscal risks Online-Ausg Park, Chanho Sonstige oth Yu, Jiangyan Sonstige oth http://elibrary.imf.org/view/IMF001/12079-9781462310296/12079-9781462310296/12079-9781462310296.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Walsh, James Financing Infrastructure in India Macroeconomic Lessons and Emerging Market Case Studies |
| title | Financing Infrastructure in India Macroeconomic Lessons and Emerging Market Case Studies |
| title_auth | Financing Infrastructure in India Macroeconomic Lessons and Emerging Market Case Studies |
| title_exact_search | Financing Infrastructure in India Macroeconomic Lessons and Emerging Market Case Studies |
| title_exact_search_txtP | Financing Infrastructure in India Macroeconomic Lessons and Emerging Market Case Studies |
| title_full | Financing Infrastructure in India Macroeconomic Lessons and Emerging Market Case Studies Walsh, James |
| title_fullStr | Financing Infrastructure in India Macroeconomic Lessons and Emerging Market Case Studies Walsh, James |
| title_full_unstemmed | Financing Infrastructure in India Macroeconomic Lessons and Emerging Market Case Studies Walsh, James |
| title_short | Financing Infrastructure in India |
| title_sort | financing infrastructure in india macroeconomic lessons and emerging market case studies |
| title_sub | Macroeconomic Lessons and Emerging Market Case Studies |
| url | http://elibrary.imf.org/view/IMF001/12079-9781462310296/12079-9781462310296/12079-9781462310296.xml |
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