{"product_id":"project-financing-and-the-international-financial-markets","title":"Project Financing and the International Financial Markets","description":"Since the 1970s, the practice of financing major private and  public sector capital-intensive projects has shifted to an  ever-greater reliance on private funding sources, as opposed to direct  financing through the                            issuance of corporate or government bonds. In  the 1990s, these financing practices have undergone further changes  with the increasing globalization of capital markets, the growth of  derivative instruments, and the rapid                            increase in information  technology that enhances cash-management practices. Today''s project  financing market is increasingly using sophisticated capital market,  bank and agency financing mechanisms as well as using                            derivative  instruments for asset and liability management. Thus, financial market  innovations are bringing the once separate fields of project financing  and international finance more closely together. This is the first                            book to treat both topics as an interrelated whole, for contemporary  project financing cannot be fully understood without a good working  knowledge of the international financial markets that have developed  the various                            financing techniques and funding sources being used. The  book provides an in-depth description of cross-border project  financing as a technique for financing capital-intensive projects, as  well as an overview of certain                            financing and derivative instruments  currently available in the global financial markets. \u003cbr\u003e  The first part of the book provides an overview of certain funding and  derivative instruments currently used in the                            international financial  markets, including a general overview of financial innovations that  have occurred in recent decades. Topics covered include an  introduction to the syndicated Euro-credit market; an overview of                            various marketable debt securities actively used in the international  financial markets; an introduction to depositary receipt as an  innovative way of raising cross-border equity capital; an elaboration  of the derivative                            instruments most commonly used in the project  financing arena, including interest rate, currency and commodity  swaps; and finally an overview of banks'' off-balance sheet activities  as a critical driving force for the                            participation of banks in the  international financial and derivative markets. \u003cbr\u003e  The second part of the book provides an in-depth analysis of project  financing that concentrates on the financier''s perspective.                            Topics  covered include a general overview of the project financing industry;  a step-by-step description of a typical cross-border project finance  transaction; a description of the main characteristics and advantages  of                            project financing as opposed to more traditional corporate lending  practices; an overview of appraisal techniques for assessing project  financing; a comprehensive analysis of the different risk management  techniques used in                            project financing for reducing, distributing and  hedging risks; and a brief overview of certain limited-resource  financing schemes. The book includes a special focus on the various  stages of the risk management process for                            project financing,  elaborating on the different stages of risk identification, risk  assessment, risk reduction, risk distribution and hedging and  insurance. The authors also provide a comprehensive glossary of terms                            relating to international finance and project financing. This book  will fulfill the need for an essential text on project financing as  well as a professional reference guide.","brand":"Gardners","offers":[{"title":"Default Title","offer_id":57481640870261,"sku":"9780792385240","price":129.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0612\/7193\/3106\/files\/9780792385240.jpg?v=1786089923","url":"https:\/\/backstory.london\/products\/project-financing-and-the-international-financial-markets","provider":"Backstory","version":"1.0","type":"link"}