International Political Risk Management : The Brave New World

Part One provides a first look from the "supply side" at the reaction of the political risk insurance market to September 11, 2001, the Argentine economic crisis, and other recent corporate upheavals. This section starts off with the publ...

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Main Author: Moran, Theodore H.
Other Authors: Moran, Theodore H.
Format: Publication
Language:English
en_US
Published: Washington, DC: World Bank and Multilateral Investment Guarantee Agency 2013
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2004/01/3002933/international-political-risk-management-brave-new-world
http://hdl.handle.net/10986/15039
id okr-10986-15039
recordtype oai_dc
spelling okr-10986-150392021-04-23T14:03:12Z International Political Risk Management : The Brave New World Moran, Theodore H. Moran, Theodore H. POLITICAL RISK ANALYSIS RISK MANAGEMENT TECHNIQUES PRIVATE INVESTMENT PUBLIC INFRASTRUCTURE INTERNATIONAL MARKETS ECONOMIC DEVELOPMENT INVESTORS EMERGING ECONOMIES ECONOMIC CRISES PRIVATIZATION DECENTRALIZATION FOREIGN DIRECT INVESTMENT PORTFOLIO INVESTMENTS INVESTMENT PARTNERSHIP TERRORISM CAPITAL MARKETS ADB ASSURANCE BALANCE SHEETS BANKRUPTCY BROKER BROKERS CAPITAL MARKETS CENTRAL GOVERNMENTS COMMERCIAL PROPERTY COVERAGE CROWDING CROWDING OUT DEBT DECENTRALIZATION DEVELOPED COUNTRIES DISASTERS ECONOMIC ACTIVITY EMERGING MARKETS FEDERAL FINANCIAL INSTITUTIONS INCOME INSURANCE INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE INDUSTRY INSURANCE MARKETS INSURANCE RATES INSURERS INTERNATIONAL FINANCE INVESTMENT INSURANCE LABOR COSTS MDB MULTILATERAL DEVELOPMENT BANKS MUNICIPAL GOVERNMENTS POTENTIAL EXPOSURE POWER PLANTS PRIVATE INSURANCE PRIVATE SECTOR PRIVATIZATION PROGRAMS PROPERTY INSURANCE PUBLIC AGENCIES PUBLIC POLICY RATES RATING AGENCIES REGULATORY AGENCIES REINSURANCE REINSURERS RISK INSURANCE RISK MANAGEMENT RISK MITIGATION SALVAGE SECURITIES SOLVENCY SOVEREIGN RISK STOCKS SUBSIDIARY TREATY REINSURANCE UNDERWRITING WATERSHED Part One provides a first look from the "supply side" at the reaction of the political risk insurance market to September 11, 2001, the Argentine economic crisis, and other recent corporate upheavals. This section starts off with the public provider's perspective, provided by Vivian Brown, Chief Executive of the U.K.'s Export Credits Guarantee Department (ECGD) and President of the Berne Union. Part Two explores the reactions of investors and lenders to the recent upheavals in the global economy. It pays particular attention to the problems confronting large infrastructure projects, in which purchase agreements are guaranteed by the host country, and revenues are denominated in local currency. It examines how political risk insurance can help lenders to return to financing infrastructure development in emerging markets, and asks to what extent investors and lenders need new products or new kinds of coverage to deal with currency crises. Part Three brings together Felton "Mac" Johnston, President, FMJ International Risk; Charles Berry, Chairman, Berry, Palmer & Lyle Limited; and Witold Henisz and Bennet Zelner, Assistant Professors at Wharton and Georgetown University respectively. Additional commentary is provided by David Bailey, Vice President, Sovereign Risk Insurance Ltd. and Edith Quintrell, Manager, Insurance, at the Overseas Private Investment Corporation, who provide perspectives on how the political risk insurance industry might evolve to meet the needs of insurers and reinsurers, on the one hand, and investors and lenders, on the other. 2013-08-12T21:15:03Z 2013-08-12T21:15:03Z 2004 http://documents.worldbank.org/curated/en/2004/01/3002933/international-political-risk-management-brave-new-world 0-8213-5649-6 http://hdl.handle.net/10986/15039 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank and Multilateral Investment Guarantee Agency Publications & Research :: Publication Publications & Research :: Publication
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic POLITICAL RISK ANALYSIS
RISK MANAGEMENT TECHNIQUES
PRIVATE INVESTMENT
PUBLIC INFRASTRUCTURE
INTERNATIONAL MARKETS
ECONOMIC DEVELOPMENT
INVESTORS
EMERGING ECONOMIES
ECONOMIC CRISES
PRIVATIZATION
DECENTRALIZATION
FOREIGN DIRECT INVESTMENT
PORTFOLIO INVESTMENTS
INVESTMENT
PARTNERSHIP
TERRORISM
CAPITAL MARKETS ADB
ASSURANCE
BALANCE SHEETS
BANKRUPTCY
BROKER
BROKERS
CAPITAL MARKETS
CENTRAL GOVERNMENTS
COMMERCIAL PROPERTY
COVERAGE
CROWDING
CROWDING OUT
DEBT
DECENTRALIZATION
DEVELOPED COUNTRIES
DISASTERS
ECONOMIC ACTIVITY
EMERGING MARKETS
FEDERAL FINANCIAL INSTITUTIONS
INCOME
INSURANCE
INSURANCE CONTRACTS
INSURANCE COVERAGE
INSURANCE INDUSTRY
INSURANCE MARKETS
INSURANCE RATES
INSURERS
INTERNATIONAL FINANCE
INVESTMENT INSURANCE
LABOR COSTS
MDB
MULTILATERAL DEVELOPMENT BANKS
MUNICIPAL GOVERNMENTS
POTENTIAL EXPOSURE
POWER PLANTS
PRIVATE INSURANCE
PRIVATE SECTOR
PRIVATIZATION
PROGRAMS
PROPERTY INSURANCE
PUBLIC AGENCIES
PUBLIC POLICY
RATES
RATING AGENCIES
REGULATORY AGENCIES
REINSURANCE
REINSURERS
RISK INSURANCE
RISK MANAGEMENT
RISK MITIGATION
SALVAGE
SECURITIES
SOLVENCY
SOVEREIGN RISK
STOCKS
SUBSIDIARY
TREATY REINSURANCE
UNDERWRITING
WATERSHED
spellingShingle POLITICAL RISK ANALYSIS
RISK MANAGEMENT TECHNIQUES
PRIVATE INVESTMENT
PUBLIC INFRASTRUCTURE
INTERNATIONAL MARKETS
ECONOMIC DEVELOPMENT
INVESTORS
EMERGING ECONOMIES
ECONOMIC CRISES
PRIVATIZATION
DECENTRALIZATION
FOREIGN DIRECT INVESTMENT
PORTFOLIO INVESTMENTS
INVESTMENT
PARTNERSHIP
TERRORISM
CAPITAL MARKETS ADB
ASSURANCE
BALANCE SHEETS
BANKRUPTCY
BROKER
BROKERS
CAPITAL MARKETS
CENTRAL GOVERNMENTS
COMMERCIAL PROPERTY
COVERAGE
CROWDING
CROWDING OUT
DEBT
DECENTRALIZATION
DEVELOPED COUNTRIES
DISASTERS
ECONOMIC ACTIVITY
EMERGING MARKETS
FEDERAL FINANCIAL INSTITUTIONS
INCOME
INSURANCE
INSURANCE CONTRACTS
INSURANCE COVERAGE
INSURANCE INDUSTRY
INSURANCE MARKETS
INSURANCE RATES
INSURERS
INTERNATIONAL FINANCE
INVESTMENT INSURANCE
LABOR COSTS
MDB
MULTILATERAL DEVELOPMENT BANKS
MUNICIPAL GOVERNMENTS
POTENTIAL EXPOSURE
POWER PLANTS
PRIVATE INSURANCE
PRIVATE SECTOR
PRIVATIZATION
PROGRAMS
PROPERTY INSURANCE
PUBLIC AGENCIES
PUBLIC POLICY
RATES
RATING AGENCIES
REGULATORY AGENCIES
REINSURANCE
REINSURERS
RISK INSURANCE
RISK MANAGEMENT
RISK MITIGATION
SALVAGE
SECURITIES
SOLVENCY
SOVEREIGN RISK
STOCKS
SUBSIDIARY
TREATY REINSURANCE
UNDERWRITING
WATERSHED
Moran, Theodore H.
International Political Risk Management : The Brave New World
description Part One provides a first look from the "supply side" at the reaction of the political risk insurance market to September 11, 2001, the Argentine economic crisis, and other recent corporate upheavals. This section starts off with the public provider's perspective, provided by Vivian Brown, Chief Executive of the U.K.'s Export Credits Guarantee Department (ECGD) and President of the Berne Union. Part Two explores the reactions of investors and lenders to the recent upheavals in the global economy. It pays particular attention to the problems confronting large infrastructure projects, in which purchase agreements are guaranteed by the host country, and revenues are denominated in local currency. It examines how political risk insurance can help lenders to return to financing infrastructure development in emerging markets, and asks to what extent investors and lenders need new products or new kinds of coverage to deal with currency crises. Part Three brings together Felton "Mac" Johnston, President, FMJ International Risk; Charles Berry, Chairman, Berry, Palmer & Lyle Limited; and Witold Henisz and Bennet Zelner, Assistant Professors at Wharton and Georgetown University respectively. Additional commentary is provided by David Bailey, Vice President, Sovereign Risk Insurance Ltd. and Edith Quintrell, Manager, Insurance, at the Overseas Private Investment Corporation, who provide perspectives on how the political risk insurance industry might evolve to meet the needs of insurers and reinsurers, on the one hand, and investors and lenders, on the other.
author2 Moran, Theodore H.
author_facet Moran, Theodore H.
Moran, Theodore H.
format Publications & Research :: Publication
author Moran, Theodore H.
author_sort Moran, Theodore H.
title International Political Risk Management : The Brave New World
title_short International Political Risk Management : The Brave New World
title_full International Political Risk Management : The Brave New World
title_fullStr International Political Risk Management : The Brave New World
title_full_unstemmed International Political Risk Management : The Brave New World
title_sort international political risk management : the brave new world
publisher Washington, DC: World Bank and Multilateral Investment Guarantee Agency
publishDate 2013
url http://documents.worldbank.org/curated/en/2004/01/3002933/international-political-risk-management-brave-new-world
http://hdl.handle.net/10986/15039
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