The private provision of urban infrastructure: financial intermediation through long term contracts
This paper deals with pension fund investment in urban infrastructure projects . It is suggested that the potential returns (and risks) with such projects are significantly greater than comparable fixed-income products though they have long gestation periods like gilt-edged securities. Our argument...
Main Authors: | , |
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Format: | Journal article |
Language: | English |
Published: |
Routledge
1998
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Subjects: |