Enhancing Financial Connectivity Between Asia and Europe: Implications for Infrastructure Convergence Between the Two Regions
Enhancing Financial Connectivity Between Asia and Europe: Implications for Infrastructure Convergence Between the Two Regions
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加强亚洲和欧洲之间的金融互联互通：对两个地区基础设施融合的影响
DOI：
10.1162/asep_a_00773
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发表时间：
2020
影响因子：
9.7
通讯作者：
Taghizadeh-Hesary Farhad
中科院分区：
文献类型：
--
作者：
Yoshino Naoyuki;Hossain Monzur;Taghizadeh-Hesary Farhad
本文探讨了在基础设施投资方面加强欧亚金融互联互通的方法和政策。我们认为，如果亚洲各国政府同意在监管框架下达成一项长期偿还承诺，并从公共基础设施项目的溢出税收中分得一杯羹，这可能会吸引欧洲的长期机构资金进入亚洲的基础设施项目。这一做法将缩小两个地区在基础设施方面的差异，并鼓励地区互联互通。通过实证分析，本文重点介绍了基础设施项目溢出收益分享的操作风险和方法。
This paper explores the methods and policies that could enhance the financial connectivity between Europe and Asia in infrastructure investments. We argue that if Asian governments agree to enter into a long-term repayment commitment with a share of spillover tax revenues of public infrastructure projects under a regulatory framework, it could attract European long-term institutional funds in Asia's infrastructure projects. This approach will reduce divergence in infrastructure between the two regions and encourage regional connectivity. With some empirical evidence, this paper highlights the operational risks and methods of sharing spillover revenue for infrastructure projects.