PPT-Identifying and Managing Cost and Risk on Public Debt Portf

UNCTAD World Bank and IMF Workshop Geneva February 0610 2017 Outline Step 2 Cost amp risk of existing debt Cost and risk Conceptual issues Cost risk and the choice of time horizon Indicators for market risk exposure. 1. Tutorial:. Optimal Learning in . the Laboratory. Sciences. Evaluating risk. December 10, 2014. Warren . B. Powell. Kris Reyes. Si Chen. Princeton . University. http. ://. www.castlelab. .princeton.edu . Chapter 13 Part 1. A Roadmap for Today. Core deal: Buying out public SHs at premium using borrowed $; mgt w/ bigger share of remaining equity. Finance: Where does the new value come from?. Improving bottom Line. How?. Aswath Damodaran. www.damodaran.com. www.stern.nyu.edu. /~. adamodar. /. New_Home_Page. /. triumdesc.html. What is corporate finance?. Every decision that a business makes has financial implications, and any decision which affects the finances of a business is a corporate finance decision. . INCLUDING CAPITAL IMPROVEMENTS. under PRIVATE & PUBLIC OWNERSHIP: 2013. ESTIMATED AVERAGE MONTHLY COST IN DOLLARS. Cost item. Ownership. Savings. Private. Public. Current bill. 1. 101.76. 57.51. UNCTAD, World Bank and IMF Workshop. Geneva, February 06-10 . 2017. Step 1. Objective. Identify main objectives for public debt management and define the scope of the MTDS. Outcome. Description of the overall objectives for public debt management. Cost of capital. Require return versus cost of capital. Any returns for investors are costs for the company. NPV. What is the required rate of return? What does it mean?. What is the difference between: required rate of return / appropriate discount rate and cost of capital?. RWJ-Chapter 14. Once again: . What’s the Big Idea?. Earlier chapters on capital budgeting focused on the appropriate size and timing of cash flows.. This chapter discusses the appropriate discount rate when cash flows are risky.. UNCTAD, World Bank and IMF Workshop. Geneva, February 06-10 2017. Outline. Step 2: Cost & risk of existing debt. Cost and risk: Conceptual issues. Cost, risk, and the choice of time horizon. Indicators for market risk exposure. iX: . debt and its cost. Debt, the double-edged sword!. From Cost of Equity to Cost of Capital. The cost of capital is a composite cost to the firm of raising financing to fund its projects. . In addition to equity, firms can raise capital from debt. MANAGEMENT. Sudarshan. . Gooptu. Sector Manager. PREM Economic Policy and Debt, World Bank. MDB Meetings, Washington DC. May 6-7, 2014.. 1. 2. Presentation Outline. Background. Public Debt Management. Central Question in Finance and Valuation is Risk Analysis. When making any investment or any decision, the central issue is how to make forecasts of cash flow and then assess risks with those forecasts.. IN . TURKEY. TURKISH TREASURY. Contents. General . Overview. of . Treasury. Risk Management . Cash Management . Processes. Managing. Cash . Management . Risks. 3. 2. Managing. Cash Management . Performance. Managing Risk. Objectives. Students should be able to:. Define risk management process: risk management, risk assessment, risk analysis, risk appetite, risk treatment, accept residual risk. Define treat risk terms: risk acceptance/risk retention,... P.V. . Viswanath. P.V. Viswanath. 2. The notion of a benchmark . Since financial resources are finite, there is a hurdle that projects have to cross before being deemed acceptable.. This hurdle will be .