2023-10-12-世界银行-如何应对基础设施和其他长寿项目中的汇率风险（英）-2023.9-53页_53页_612kb

报告摘要

Structured Overview: The paper offers a practical method involving concession period adjustments to mitigate currency risk for long-term infrastructure investments, which is essential for developing economies despite the need for tailored implementation.
Innovative Solution: By modifying contract durations in response to exchange rate shifts, governments provide automatic protection against currency fluctuations, enhancing attractiveness for foreign investors.
Mechanism Functionality: The framework allows foreign investors to hedge currency risk without relying on costly instruments, reducing direct burdens on governments if risks are measured properly.
Empirical Validation: Tested across diverse country contexts (eight emerging markets) with limited currency intervention, it demonstrates the mechanism’s practical application and minimal reduction needed in adjustments under varying exchange rate regimes.
Key Personnel: With credentials from reputable institutions (IFC, World Bank, leading universities), their collective expertise ensures robust analysis and policy relevance, complemented by a thorough list of relevant academic references.

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