【思源论坛第159讲】亚洲开发银行研究所所长吉野直行教授：一带一路基础设施建设的溢出效应

Naoyuki Yoshino is Dean & CEO of the Asian Development Bank Institute (ADB Institute); Professor Emeritus of Keio University, in Tokyo, Japan; and Senior Adviser at the Japan Financial Services Agency’s (FSA) Financial Research Center (FSA Institute). He obtained his PhD from Johns Hopkins University, where his thesis supervisor was Sir Alan Walters (who was Margaret Thatcher’s Economic Adviser). He was a visiting scholar at the Massachusetts Institute of Technology (United States) and has been a visiting professor at various universities including the University of New South Wales (Australia), Fondation Nationale des Sciences Politiques (France), University of Gothenburg (Sweden) and Martin Luther University of Halle-Wittenberg (Germany). He was an Assistant Professor at the State University of New York at Buffalo and an Economics Professor at Keio University from 1991 to 2014. He was appointed board of the Financial Planning Standards Board in 2007, and also served as chairperson of the Japanese Ministry of Finance’s council on Foreign Exchange and its Fiscal System Council (Fiscal Investment and Loan Program Section). He was also a board member of the Deposit Insurance Corporation of Japan, chairperson of the Meeting of Japanese Government Bond Investors (Ministry of Finance), and was President of the Financial System Council of the Government of Japan. He was conferred honorary doctorates by the University of Gothenburg (Sweden) in 2004 and by Martin Luther University of Halle-Wittenberg (Germany) in 2013; he also received the Fukuzawa Award from Keio University for his contribution to academic research in 2013. He is the President of Financial Education Council organized by the Central Bank of Japan, Financial Services Agency (FSA), Ministry of Education, Cabinet Ministry and private financial institutions.

[1]The Tax System and the Fiscal Investment and Loan Program Chapter 6, Industrial Policy of Japan, Academic Press, edited by Komiya, 1988.

[2]An Expanded Equation Approach to Weak Exogeneity Tests in Structural Systems and A Monetary Application, Review of Economics and Statistics, Vol.22, No.1, 173-177, 1990.

[3]Postal Savings and Fiscal Investment in Japan, coauthored with Thomas F. Cargill (Oxford University Press, 2003)

[4] Small Savings Mobilization and Asian Economic Development, coedited with Mark J. Scher (M.E. Sharpe, 2004)

[5]“The Basket-Peg, Dollar-Peg, and Floating: A Comparative Analysis”, Journal of the Japanese and International Economies, 18(2) (Elsevier, 2004)

[6]“Japanese Financial Service Firms in East and Southeast Asia: Location Pattern and Strategic Response in Changing Economic Conditions”,　Asian Business and Management, Macmillan, Vol.8, No.1, pp33-58, 2009

[7]“Global Imbalances and the Development of Capital Flows among Asian Countries,” OECD Journal: Financial Market Trends, 1: 81–112 (OECD, 2012)

[8]Hometown Investment Trust Funds: A Stable Way to Supply Risk Capital (Springer, 2013);

[9]“Pro-Cyclicality of the Basel Capital Requirement Ratio and Its Impact on Banks”. Asian Economic Papers. 10 (2). pp. 22–36 (2012).

[10]“Counter-Cyclical Buffer of the Basel Capital Requirement and Its Empirical Analysis”, Current Developments in Monetary and Financial Law, Chapter 16, Vol. 6: Restoring Financial Stability – The Legal Response, IMF, Washington DC, April 2013

[11]“Monetary Policies and Oil Price Determination: an Empirical Analysis”, OPEC Energy Review, March 2014

[12]“Dynamic Transition of Exchange Rate Regime in China”, China and the World Economy, Issue 3, 2014

[13]“Monetary Policy and Oil Price Fluctuations Following the Subprime Mortgage Crisis”, International Journal of Monetary Economics and Finance, Vol.7, No.3, 2014

[14]“An Analysis of Challenges Faced by Japan’s Economy and Abenomics”, The Japanese Political Economy, Routledge, Vol.40, No.3-4, 2014

[15]“Analytical Framework on Credit Risks for Financing SMEs in Asia”, Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (United Nations-UNESCAP, 2014, Vol.21, No.4).

[16]“Dynamic Analysis of the Exchange Rate Regime: Policy Implications for Emerging Countries in East Asia”. Review of Development Economics, Vol.19 (3), pp.624-637, (2015).

[17]“Adjustments of Capital Account Restrictions and Exchange Rate Regimes in East Asia”, Journal of International Commerce, Economics and Policy (2015)

[18]“Causes and Remedies of the Japan’s Long-lasting Recession: Lessons for China”, China & World Economy, Vol.24, No.1, (2016).

[19]Monetary Policy and the Oil Market, Springer, (2016).

[20]“Explicit and Implicit Analysis of Infrastructure Investment: Theoretical Framework and Empirical Evidence”,  American Journal of Economics Vol.6,No４: 189-199, (2016)  DOI: 10.5923/j.economics.20160604.02, With Umid Abidhadjaev

[21]“Changes in Economic Effect of Infrastructure and Financing Methods” Public Policy Review, Policy Research Institute, Ministry of Finance, Japan, Vol.12, No.1, (2016).

[22]“Exchange rate regime switching in Malaysia and Singapore in response to China’s move to a basket peg: A DSGE analysis”, Journal of Asian Economics, 2016.

[23]“Exchange rate regime switching in Malaysia and Singapore in response to China’s move to a basket peg: A DSGE analysis”, Journal of Asian Economics, 2016.

[24]“The Effectiveness of the Negative Interest Rate Policy in Japan”, Credit and Capital Markets, Vol.50, Issue 2, 189-212 (2017)

[25]“Declined effectiveness of fiscal and monetary policies faced with aging population of Japan”, Japan and the World Economy, Vol.42, 32-44, (2017)

[26]Yoshino, Naoyuki and Umid Abidhadjaev (2017), “Impact of infrastructure on tax revenue: Case study of high-speed train in Japan”, Journal of Infrastructure, Policy and Development, Vol.1, Issue 2.

[27]Yoshino, Naoyuki, Masaki Nakahigashi and Victor Pontines (2017), “Attract Private Financing to Infrastructure Investment by Injecting Spillover Tax Revenues”, Nomura Journal of Asian Capital Markets, Spring, Vol.1, No.2.

[28]Japan’s Lost Decade: Lessons to Asia (2017) , Springer,

[29]Exogeneity of world oil prices to the Russian Federation’s economy and monetary policy,  Sep 2018,  Alekhina Victoriia and Naoyuki Yoshino,

[30]Eurasian Economic Review, A Journal in Applied Macroeconomics and Finance, https://doi.org/10.1007/s40822-018-0115-3

[31]Trading and Ordering Patterns of Market Participants in High Frequency Trading Environment: Empirical Study in the Japanese Stock Market, June 2018，　Taiga Saito, Takanori Adachi, Teruo Nakatsuma, and Naoyuki Yoshino,   Asia-Pacific Financial Markets https://doi.org/10.1007/s10690-018-9245-6

[32]Closing the Asia Infrastructure Gap,  Horizons: Journal of International Relations and Sustainable Development,  Winter 2018, Issue No.10,  PP,62-74,    Naoyuki Yoshino, Umid Abidhadjaev and Masaki Nakahigashi

[33]Changes in Economic Effect of Infrastructure and Financing Methods” Public Policy Review, Policy Research Institute, Ministry of Finance, Japan, Vol.12, No.1, (2016).

[34]Impact of international remittances on poverty reduction,  Global Solutions Journal,  Vol.1, Issue 1, May 2018, PP.90-96,     Naoyuki Yoshino, Farhad Taghizadeh-Hesary and Miyu Otsuka

[35]HOUSEHOLD INCOME DYNAMICS IN A LOWER-INCOME SMALL OPEN ECONOMY: A COMPARISON OF BANKING AND CROWDFUNDING REGIMES, The Singapore Economic Review · September 2018,   https://doi.org/ 10.1142/S0217590817440015