The Fall 2008 Semi-Annual Meeting of the Japan Society of Monetary Economics
Detailed Program

Sunday October 12, 2008

09:30 to 11:45   Panel Session 1: On Central Bank
Rm. G (L102)    The Independency and the Governance of the Neo-BOJ

  Chair
Presenter
Presenter
Presenter
Harui, Hisashi
Fujii, Yoshihiro
Adachi, Seiji
Taya, Teizou
Kwansei Gakuin University
Sophia University
Deutsche Bank
Daiwa Institute of Research
09:30 to 11:45   Contributed Session 1
Rm. A (K103)    Issues on International Monetary System
  Chair Fukuda, Shin-ichi University of Tokyo
  Globalism in Transition and Renminbi Issue
  Presenter
Discussant
Zhang, Gao 
Kei, Sou
Graduate School, Saga University
Senshu University
  The Adjustment Role of Labor Mobility for Asymmetric Shocks; Reconsideration of Mundell's OCA
  Presenter
Discussant
Yoshimi, Taiyo
Iokibe, Shingo
Graduate School, Hitotsubashi University
Doshisha University
  The Choice of Invoice Currency and Foreign Exchange Strategy: A Case Study of Japanese Companies
  Presenter






Discussant
Shimizu, Junko
Ito, Takatoshi
Sasaki, Yuri
Sato, Kiyotaka
Koibuchi, Satoshi
Hayakawa, Kazunobu
Yoshimi, Taiyo
Yamagami, Hidefumi
Senshu University
University of Tokyo
Meiji Gakuin University
Yokohama National University
Chiba University of Commerce
Institute of Developing Economies
Graduate School, Hitotsubashi University
Kinki University
Rm. B (K109)    Financial Institution / Corporate Governance
  Chair Fujiwara, Kenya Kobe University
  The Investigation about Check Truncation System from a View Point of Business Strategy
  Presenter
Discussant
Kouno, Kenji
Nakajima, Masashi
Graduate School, Kyoto University
Reitaku University
  Was the Board Reform of Japanese Firms Effective?
  Presenter

Discussant
Omi, Yusuke
Goto, Mika
Teshima, Noriyuki
Central Research Institute of Electric Power Industry
Central Research Institute of Electric Power Industry
Senshu University
  Financial Liberalization and Corporate Governance - Has the Main Bank System Been Affected by Corporate Bond Issuances in Japan?
  Presenter


Discussant
Hanazaki, Masaharu
Fukazawa, Masumi
Horiuchi, Akiyoshi
Fujiwara, Kenya
Development Bank of Japan
Development Bank of Japan
Chuo University
Kobe University
Rm. C (K110)    Impact Analysis of Financial System Reform
  Chair Yoshino, Naoyuki Keio University
  An Analysis on the Share of Syndicated Loan Retained by the Agent Bank
  Presenter
Discussant
Kodani, Norito
Sakuragawa, Masaya
Graduate School, Kobe University
Keio University
  The Direction of Japanese Financial Regulation Reform
  Presenter
Discussant
Toi, Kanako
Yonezawa, Yasuhiro
Yasuda Women痴 University
Waseda University
  The Analysis of Impact of Trading Unit Reduction
  Presenter
Discussant
Okuyama, Eiji
Takaya, Sadayoshi
Chuo University
Kansai University
Rm. D (K203)    Asian Monetary Economy
  Chair Kitaoka, Takayoshi Meiji University
  The Changes of Financial Costs in Southeast Asia after the Financial Crisis: An Empirical Study of the Euler Investment Equation in Malaysia, Philippines, and Thailand
  Presenter
Discussant
Take, Yasushi
Suzuki, Kazushi
Graduate School, Hitotsubashi University
Meiji University
  Inflation in China from 1991-2005: Evidence from Regional Data
  Presenter
Discussant
Nagayasu, Jun
Sui, Qing-yuan
Tsukuba University
Yokohama City University
  Central Bank Operating Procedures in Thailand and Philippine
  Presenter
Discussant
Inoguchi, Masahiro
Kubo, Akihiro
Kyoto Sangyo University
 Osaka City University
Rm. E (K209)    Monetary Theory
  Chair Iwata, Kenji Kyushu University
  Cointegration Analysis of M2+CD Considering the Substitution among Components
  Presenter
Discussant
Sawada, Yoshitaka
Miyao, Ryuzo
Kwansei Gakuin University
Kobe University
  Recent Criticism to Islamic Finance and Concept of Interest
  Presenter
Discussant
Kitamura, Tashiharu
Takuwa, Koshi
Waseda University
Nihon University
  Policy Interest Rates under the Managed Currency System
  Presenter
Discussant
Maehata, Yukihiko
Yoshida, Satoru
Obirin University
Musashi University
11:50 to 12:35    Keynote Speaker: Presidential Address
Rm. G (L102)     Challenge on Reginal Finance
  Speaker Tsutsui, Yoshiro President of the Japan Society of Monetary Economics

12:35 to 13:35    Lunch

13:35 to 15:50    Contributed Session 2
Rm. A (K103)     Theoretic / Positive Analyses on Monetary Policy / Exchange Rate
  Chair Komatsu, Masaaki Hiroshima University
  Global Shocks and the Japanese Economy: Structural Changes in the 1990s
  Presenter
Discussant
Shinkai, Jun-ichi
Iwatsubo, Kentaro
Graduate School, Osaka University
Kobe University
  The International Monetary Policy Transmission under Monopolistic Competition
        ~A Three-Country Model Approach with Asymmetric Firms~
  Presenter
Discussant
Kaminoyama, Kenichi
Dohwa, Koujiro
Graduate School, Doshisha University
Kyoto Gakuen University
  Volume or Order Flow? : Which Contains More Information in Really Traded Yen/Dollar Foreign Exchange Market?
  Presenter
Discussant
Susai, Masayuki
Minaki, Takeo
Nagasaki University
Hokusei Gakuen University
Rm. B (K109)    Financial Institutions
  Chair Higano, Mikinari Rikkyo University
  Foreign Entry and Efficiency of Banking: Evidence from China
  Presenter

Discussant
Matsuda, Takuma
Yuan, Yuan
Harimaya, Kouzou
Kanto Gakuin University
University of Tokyo
Sapporo Gakuin University
  Banking Panics, Bank Failures, and the Lender of Last Resort: The Showa Depression of 1930・932
  Presenter
Discussant
Akiyoshi, Fumio
Yokoyama, Kazuteru
Osaka University of Economics
Nagoya City University
  Sient Bank Runs: Discipline or Contagion?
  Presenter
Discussant
Shimizu, Katsutoshi
Konishi, Hiroshi
Nagoya University
Hitotsubashi University
Rm. C (K110)    Finance I
  Chair Hiruma, Fumihiko Waseda University
  The Effect of Diversification Investment between Real Estate Investment Trust and Stock
  Presenter
Discussant
Tee Kian Heng
Susai, Masayuki
Prefectural University of Iwate
Nagasaki University
  On the Measurement of Interest Rate Risk
  Presenter
Discussant
Takahashi, Toyoharu
Kitaoka, Takayoshi
Chuo University
Meiji University
  Difference of Risk Asset Ratio in the Households of Japan and the U.S. From the Perspective of Asset Distribution Gap
  Presenter
Discussant
Takenaka, Masaharu
Iwatsubo, Kentaro
Institute for International Monetary Affairs
Kobe University
Rm. D (K203)    Monetary Policy I
  Chair Harui, Hisashi Kwansei Gakuin University
  The Effect of the Quantitative Monetary Easing Policy and Yield Spread
  Presenter
Discussant
Hanabusa, Kunihiro
Ito, Takayasu
Graduate School, Kobe Universtiy
Niigata University
  Issues Regarding the BOJ痴 Inflation Comfort Zone Policy
  Presenter
Discussant
Shirakawa, Hiromichi
Abiko, Yuichi
Credit Suisse Securities Japan
Kinki University
  The Effectiveness of Monetary Easing Policy on Bank Lending in Japan during 1999- 2005
  Presenter
Discussant
Guizani, Brahim
Yoshino, Naoyuki
Graduate School, Tohoku University
Keio University
Rm. E (K209)    Regional Financial Institutions: Business Environment and Challenge
  Chair Kurihara, Yutaka Aichi University
  LTV Model in Retail of JA Bank - Substantial Approach Based on Relationship Marketing -
  Presenter
Discussant
Murakami, Shinri
Toi, Kanako
Graduate School, Horoshima University
Yasuda Women痴 University
  Enlargement of Business Area by Regional Banks
  Presenter
Discussant
Shinada, Yushi
Kazusaka, Takashi
Shinkin Central Bank Research Institute
Kanagawa University
A Comparative Study on Regional Finance and Industrial Cluster in Japan and Korea
  Presenter






Discussant
Yamori, Nobuyoshi
Hirakawa, Hitoshi
Choi, Yong-Ho
Jin, Byung-yong
Bu, Gi-duck
Park, Man Bong
Ito, Kazuhisa
Nagoya University
Nagoya University
 Kyungpook National University
Daegu Bank
Daegu Bank
Nagoya University
Prefectural University of Hiroshima
Rm. F (K210)    Macro Analyses on Monetary Economy
  Chair Miyao, Ryuzo Kobe University
  Deposit Composition and Liquidity Demand of Commercial Banks: An Analysis Using Japanese Panel Data
  Presenter
Discussant
Uchino, Taisuke
Ogawa, Kazuo
Graduate School, Hitotsubashi University
Osaka University
  Macroeconomy, Collateral Values, and Bank Moral Hazard
  Presenter
Discussant
Ishida, Hirotaka
Nakagawa, Ryuichi
Tohoku Gakuin University
Kansai University
  Why did the Japanese Money Multiplier Continue to Decline?
  Presenter
Discussant
 Osada, Takeshi
Honda, Yuzo
Graduate School, Hitotsubashi University
Osaka University
16:00 to 17:00   Invited Speaker
Rm. G (L102)    On International Capital Market
  Speaker Tamaki, Rintaro Director-General of the International Bureau, Ministry of Finance Japan

17:10 to 18:10   General Meeting
Rm. G (L102)

18:15 Welcome Reception
Univ. Co-op Restaurant

 
Monday October 13, 2008

10:00 to 12:15   Panel Session 2: On International Finance
Rm. G (L102)    Dollar and Euro: the Future of Key Currency

  Chair
Presenter
Presenter
Presenter
Fujita, Seiichi
Iwata, Kenji
Fukunaga, Kazuki
Hatase, Mariko
Kobe University
Kyushu University
Institute for International Monetary Affairs
Bank of Japan
10:00 to 12:15   Contributed Session 3
Rm. A (K103)    Globalization and International Finance
  Chair Ishida, Miki Hiroshima University
  The Dollar Structure under Floating Rates
  Presenter
Discussant
Maeda, Naoya
Kamikawa, Takao
Ryukoku University
Yokohama National University
  Sustainability of the U.S. Current Account Deficit
  Presenter
Discussant
Oda, Harutoshi
Fukumoto, Yukio
Fukuyama University
Osaka University of Economics
  Fundamental Changes in the Global Economies and Markets: Beyond 船ecoupling・
  Presenter
Discussant
Ohta, Hideaki
Kawanami, Yoichi
Ehime University
Kyushu University
Rm. B (K109)    Business of Financial Institutions
  Chair Saito, Yoshihiko Chiba University of Commerce
  The Changing Business of U.S. Money Center Banks: Loan Sales and Derivatives
  Presenter
Discussant
Kakeshita, Tatsuro
Nakano, Mizuhiko
Matsuyama University
Momoyama Gakuin University
  Organizational Structure and Risk Taking: Evidence from the Life Insurance Industry in Japan
  Presenter


Discussant
Asai, Yoshihiro
Yanase, Noriyoshi
Lai, Gene C.
Koto, Yasuo
Josai University
Tokyo Keizai University
Washington State University
Senshu University
  The Effects of Collateral on Small Firm Performance in Japan
  Presenter



Discussant
Uesugi, Iichiro
Ono, Arito
Sakai, Kouji
Hanazaki, Masaharu
Hitotsubashi University
Mizuho Research Institute
Graduate School, Hitotsubashi University
Development Bank of Japan
Rm. C (K110)    Finance II
  Chair Takahashi, Toyoharu Chuo University
  Changing Firm Characteristics and Payout Policy
  Presenter

Discussant
Suzuki, Yoshihisa
Tokutsu, Yasuyoshi
Tanigawa, Yasuhiko
Hiroshima University
Hiroshima University of Economics
Waseda University
  Liquidity, Volume and Informational Efficiency: Evidence from High-Frequency FX Data
  Presenter

Discussant
Iwatsubo, Kentaro
Kitamura, Yoshihiro
Susai, Masayuki
Kobe University
Toyama University
Nagasaki University
  Panel Data Analysis on Japan痴 Regional Land Prices in 1980-2004
  Presenter

Discussant
Kitaoka, Takayoshi
Morinaga, Shin-ichi
Hirono, Keiko
Meiji University
Graduate School, Meiji University
Nihon University
Rm. D (K203)    Monetary Policy II
  Chair Tanaka, Atsushi Kwansei Gakuin University
  Interest Rate Persistence with Cost Channel: Price Puzzle Reconsidered
  Presenter
Discussant
Ida, Daisuke
Fukushige, Mototsugu
Graduate School, Kobe University
Osaka University
  Bank Merger ,Reorganization and Monetary Policy
  Presenter
Discussant
Yamamoto, Yasuhiro
Kitano, Shigehito
Hirosaki University
Kobe University
  Wage Inflation and Labor Market Pressure
  Presenter
Discussant
Senda, Takashi
Kitasaka, Shin-ichi
Hiroshima University
Doshisha University
Rm. E (K209)    Money and Banking in Other Countries
  Chair Kataoka, Tadashi Osaka City University
  An Analysis of Chinese Dual Economy
  Presenter


Discussant
 Okuda, Mai
Ishida, Miki
Ochi, Yasuki

Fujikawa, Kiyoshi
Graduate School, Hiroshima University
Hiroshima University
Hiroshima University

Nagoya University
  The Aspect of Credit Union Management in America ― The Financial Activities Aimed Member Interests
  Presenter
Discussant
Morinaka, Yuki
Saito, Tadashi
Graduate School, Osaka City University
Komazawa University
  The Process of Adaptation of the Euro by Slovakia
  Presenter
Discussant
Matsuzawa, Yuusuke
Yamashita, Eiji
Seibu Bunri University
Osaka City University
Rm. F (K210)    Special Session on East Asian Currencies
  Chair Ogawa, Eiji Hitotsubashi University
  On Asian Monetary Union
  Presenter
Discussant
TRAN THI VAN ANH
 Kawasaki, Kentaro
Hiroshima University
Toyo University
  Dynamic Effect of Changes in Exchange Rate System
  Presenter



Discussant

Yoshino, Naoyuki
Kaji, Sahoko
Asonuma, Tamon
Fukuda, Shin-ichi
Keio University
Keio University
Boston University
University of Tokyo
  Monetary Integration in East Asia: Why Does It Take So Long?
  Presenter
Discussant
Krawczyk, Mariusz K.
Ogawa, Eiji
Ryukoku University
Hitotsubashi University

12:15 to 13:15   Lunch


13:15 to 15:15   Symposium
Rm. G (L102)
                      The Transformation of International Financial Market and Asian Economy
  Moderator
Panelist
Panelist
Panelist
Panelist
Komatsu, Masaaki
Okuda, Hidenobu
Nishizawa, Toshiro
Kunimune, Kouzo
Mieno, Fumiharu
Hiroshima University
Hitotsubashi Universtiy
Japan Bank for International Cooperation
Institute of Developing Economies
Kobe University
 

Fall 2008 Meeting Program Committee
  Iwata, Kenji
Ogawa, Eiji
Kamoike, Osamu
Komatu, Masaaki 
Senda, Takashi
Harui, Hisashi
Hiruma, Fumihiko 
Fujita, Seiichi
Miyao, Ryuzo
Yamori, Nobuyoshi
Ishida, Miki
Kataoka, Tadashi
Kitaoka, Takayoshi
Saito, Yoshihiko
Takahashi, Toyoharu
Higano, Mikinari
Fukuda, Shin-ichi
Fujiwara, Kenya
Yano, Junji
Yoshino, Naoyuki