The Effects of Derivatives Regulation on Infrastructure Finance : Some Evidence from Emerging Markets

This study seeks to assess the effects of post-crisis regulatory reforms on derivatives used to hedge infrastructure finance transactions in Emerging Market and Developing Economies (EMDEs). The motivation for this analysis stems from the importanc...

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Main Authors:	Quintana, Ignacio, Konidaris, Tanya, Sands, Peter
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	DERIVATIVES EMERGING MARKET ECONOMIES INFRASTRUCTURE FINANCE
Online Access:	http://documents.worldbank.org/curated/en/916131586157513109/The-Effects-of-Derivatives-Regulation-on-Infrastructure-Finance-Some-Evidence-from-Emerging-Markets http://hdl.handle.net/10986/33590

id	okr-10986-33590
recordtype	oai_dc
spelling	okr-10986-335902021-05-25T09:35:46Z The Effects of Derivatives Regulation on Infrastructure Finance : Some Evidence from Emerging Markets Quintana, Ignacio Konidaris, Tanya Sands, Peter DERIVATIVES EMERGING MARKET ECONOMIES INFRASTRUCTURE FINANCE This study seeks to assess the effects of post-crisis regulatory reforms on derivatives used to hedge infrastructure finance transactions in Emerging Market and Developing Economies (EMDEs). The motivation for this analysis stems from the importance of infrastructure in EMDEs, the mandate of the WBG to mobilize financing for infrastructure, and the role that derivatives play in the structuring of infrastructure financing transactions. Although this study suggests that there has been an impact resulting from regulatory reforms, the effect on infrastructure finance transactions in EMDEs has been mitigated by several factors. Infrastructure projects have specific characteristics of structure, quality and recovery rate that suggest there is scope for further analysis to explore enhancements to the regulatory framework affecting the instruments used to hedge the risks of investing in infrastructure assets – without undermining the achievement of the overall regulatory objectives. In order to move toward new patterns of infrastructure financing, risk management in infrastructure projects will become more important than previously. 2020-04-14T20:07:38Z 2020-04-14T20:07:38Z 2019-01 Working Paper http://documents.worldbank.org/curated/en/916131586157513109/The-Effects-of-Derivatives-Regulation-on-Infrastructure-Finance-Some-Evidence-from-Emerging-Markets http://hdl.handle.net/10986/33590 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	DERIVATIVES EMERGING MARKET ECONOMIES INFRASTRUCTURE FINANCE
spellingShingle	DERIVATIVES EMERGING MARKET ECONOMIES INFRASTRUCTURE FINANCE Quintana, Ignacio Konidaris, Tanya Sands, Peter The Effects of Derivatives Regulation on Infrastructure Finance : Some Evidence from Emerging Markets
description	This study seeks to assess the effects of post-crisis regulatory reforms on derivatives used to hedge infrastructure finance transactions in Emerging Market and Developing Economies (EMDEs). The motivation for this analysis stems from the importance of infrastructure in EMDEs, the mandate of the WBG to mobilize financing for infrastructure, and the role that derivatives play in the structuring of infrastructure financing transactions. Although this study suggests that there has been an impact resulting from regulatory reforms, the effect on infrastructure finance transactions in EMDEs has been mitigated by several factors. Infrastructure projects have specific characteristics of structure, quality and recovery rate that suggest there is scope for further analysis to explore enhancements to the regulatory framework affecting the instruments used to hedge the risks of investing in infrastructure assets – without undermining the achievement of the overall regulatory objectives. In order to move toward new patterns of infrastructure financing, risk management in infrastructure projects will become more important than previously.
format	Working Paper
author	Quintana, Ignacio Konidaris, Tanya Sands, Peter
author_facet	Quintana, Ignacio Konidaris, Tanya Sands, Peter
author_sort	Quintana, Ignacio
title	The Effects of Derivatives Regulation on Infrastructure Finance : Some Evidence from Emerging Markets
title_short	The Effects of Derivatives Regulation on Infrastructure Finance : Some Evidence from Emerging Markets
title_full	The Effects of Derivatives Regulation on Infrastructure Finance : Some Evidence from Emerging Markets
title_fullStr	The Effects of Derivatives Regulation on Infrastructure Finance : Some Evidence from Emerging Markets
title_full_unstemmed	The Effects of Derivatives Regulation on Infrastructure Finance : Some Evidence from Emerging Markets
title_sort	effects of derivatives regulation on infrastructure finance : some evidence from emerging markets
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/916131586157513109/The-Effects-of-Derivatives-Regulation-on-Infrastructure-Finance-Some-Evidence-from-Emerging-Markets http://hdl.handle.net/10986/33590
_version_	1764479093400666112

The Effects of Derivatives Regulation on Infrastructure Finance : Some Evidence from Emerging Markets

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