Contents: Preface -- 1. Setting the scene -- 2. How did the idea of PPPs arise? -- 3. Exploring what PPPs can and cannot do -- 4. Can PPPs ever be good value? -- 5. Why choose a PPP? -- 6. Ppps and megaprojects -- 7. Where to now for PPPs? -- 8. Conclusions references Index

The European sovereign debt crisis, started in the second half of 2011, has posed the problem for asset managers, trades and risk managers to assess sovereign default risk. In the reduced form framework, it is necessary to understand the interrelationship between creditworthiness of a sovereign,...

We build an enhanced structural credit risk Merton style model for a risky sovereign having both domestic and foreign debt outstanding. If earlier research was mainly focused on the fundamental values of the respective local and foreign currency bonds, here we move forward by elaborating on...

This paper investigates the impact of international political risk on government bond yields in 34 debtor countries using a comprehensive database of 109 international political crises from 1988 through 2007. After employing the total number of international political crises as a proxy for...