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Enhancing Financial Connectivity Between Asia and Europe: Implications for Infrastructure Convergence Between the Two Regions
Asian Economic Papers ( IF 1.098 ) Pub Date : 2020-06-01 , DOI: 10.1162/asep_a_00773
Naoyuki Yoshino 1 , Monzur Hossain 2 , Farhad Taghizadeh-Hesary 3
Affiliation  

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.

中文翻译:

加强亚洲和欧洲之间的金融互联互通:对两个地区之间基础设施融合的影响

本文探讨了在基础设施投资方面可以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以公共基础设施项目溢出税收的一部分达成长期还款承诺,则可以吸引欧洲长期机构资金参与亚洲基础设施项目。这种方法将减少两个地区之间基础设施的差异,并鼓励区域互联互通。本文结合一些经验证据,重点介绍了基础设施项目的运营风险和分享溢出收益的方法。
更新日期:2020-06-01
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