| | PROBLEMS OF MODERN ECONOMICS, N 1 (53), 2015 | | FINANCE AND CREDIT SYSTEM: BUDGET, CURRENCY AND CREDIT REGULATION OF ECONOMY, INVESTMENT RESOURCES | | Kazansky Alexander V. Chair of credit theory and financial management, Department of Economics, St. Petersburg State University, PhD (Economics)
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| The article analyzes theoretical principles of risk decrease in project financing as the most fundamental direction of bank crediting that impacts the infrastructural renovation of economy. The author characterizes both macroeconomic risks, as well as the risks characteristic to a particular project. Classification of risks is given in relation to two stages of project realization – the period of construction and the period of object exploitation. Finally, the article distinguishes mechanisms of risk hedging in project financing | Key words: project financing, risk pyramid, risk hedging, methods of lowering the risks, life cycle of a project, legal basis, strategies of risk mitigation | Pages: 139 - 143 |
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