fbpx Advanced Risk Management and Infrastructure Finance | Harvard Kennedy School
Akash Deep Photo

Akash Deep

Senior Lecturer in Public Policy


The course presents an advanced treatment of the theory of financial risk management and its application to infrastructure finance. The class material is split into four segments spanning the topics of financial structure, value, risk, and public private partnerships in infrastructure. The theory presented in the course covers the topics of economic and financial rate of return, measurement of risk exposure, cost of funds, capital structure, valuation methods, dynamic hedging using futures and swaps, and credit risk models and derivatives. Applications, discussed mostly in the form of infrastructure cases, examine issues related to project finance, public-private partnerships, project appraisal, social and private value, climate impact, risk allocation, subsidization, land-value capture, public sector comparators, commodity, interest-rate and currency risk hedging, credit enhancement, governance, and regulation.