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Project financing bankability for anticyclical infrastructural investments

Author

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  • Roberto Moro Visconti

    (Università Cattolica di Milano)

Abstract

Credit crunch is an obstacle to project financing bankability, which represents a starting point in order to restart anticyclical infrastructural investments. New instruments, such as project bonds defined by recent Italian legislation, need to be complemented by milder taxation and a more stable legal and institutional framework

Suggested Citation

  • Roberto Moro Visconti, 2012. "Project financing bankability for anticyclical infrastructural investments," BANCARIA, Bancaria Editrice, vol. 12, pages 68-76, December.
    • Handle: RePEc:ban:bancar:v:12:y:2012:m:december:p:68-76
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    More about this item

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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