THE JAPAN SOCIETY OF MONETARY ECONOMICS
2015 Autumn Annual Meeting Program
Last updated:
, Saturday
< 9:30 - > Registration: 1st Floor of Building B
< – >
Rm B200
- Panel Session: Financial History
International Financial Centers and International Banking: Competition and Complementarity from a Historical Perspective -
- Chair
- Tohoku University
- Ayumu Sugawara
- (1)The Banking Network and Foreign Exchange Business of the British and American Giant Banks in the Early Twentieth Century
-
- Presenter
- Yamaguchi University
- Daisuke Koga
- (2)The international Money Market (1914-1930)-The Chartered Bank of India Australia and China in London and New York-
-
- Presenter
- Sapporo Gakuin University
- Masashi Kitabayashi
- (3)The Development of Market Linkages in the Japanese Government Foreign Loan Issues before and after the First World War (1870-1930)
-
- Presenter
- Teikyo University
- Toshio Suzuki
-
- Discussant
- Reitaku University
- Masanori Sato
-
- Discussant
- Waseda University
- Kazuhiko Yago
< – >
Rm B101
- Session: Monetary Policy
-
- Chair
- Keio University
- Yuki Teranishi
- (1)Credible Escape from a Liquidity Trap
-
- Presenter
- Tokyo University
- Takeki Sunakawa
-
- FRB
- Taisuke Nakata
-
- Discussant
- Qeensland University
- Yuichiro Waki
- (2)Inflation Persistence and Optimal Liftoff from the Zero Lower Bound
-
- Presenter
- Kobe University
- Kohei Hasui
-
- Bank of Japan
- Tomohiro Sugo
-
- Keio University
- Yuki Teranishi
-
- Discussant
- Tokyo University
- Takeki Sunakawa
Rm B102
- Session: Financial Intermediaries
-
- Chair
- Keio University
- Wako Watanabe
- (1)Unviable Relationship and Bank Lending: Evidence from Loan-level Matched data
-
- Presenter
- Sapporo Gakuin University
- Hitoshi Inoue
-
- Konan University
- Kiyotaka Nakashima
-
- University of California, San Diego
- Koji Takahashi
-
- Discussant
- Saitama University
- Ken Nagata
- (2)The Dissolution of Inappropriate Relationships: Why Do Banks and Borrowers Divorce?
-
- Presenter
- Konan University
- Kiyotaka Nakashima
-
- University of California, San Diego
- Koji Takahashi
-
- Discussant
- International Christian University
- Heather Montgomery
- (3)A Treatise on the Conditions to Make Microfinance Work
-
- Presenter
- Okayama University
- Naruto Nishigaki
-
- Discussant
- Niijima Gakuen Junior College
- Shinichi Matsuda
Rm B103
- Session: Financial Markets
-
- Chair
- Chuo University
- Toyoharu Takahashi
- (1)Factors behind Credit Rating Differences between Japanese and US Agencies
-
- Presenter
- PhD student Hitotsubashi University
- Naoko Nemoto
-
- Discussant
- Saitama Gakuen University
- Yoshitaka Kurosawa
- (2)Government Intervention and Liquidity in the Japanese Sovereign Bond Market
-
- Presenter
- Kobe University
- Kentaro Iwatsubo
-
- PhD student Kobe University
- Tomoki Taishi
-
- Discussant
- Chuo University
- Toyoharu Takahashi
- (3)The Financialization of Copper Market and China Risk
-
- Presenter
- Musashi University
- Tsutomu Chano
-
- Discussant
- Kobe University
- Kentaro Iwatsubo
Rm B104
- Session: Stock Markets and Investment
-
- Chair
- Aoyama Gakuin University
- Takeo Minaki
- (1)Estimation of Time-Varying PIN on the JASDAQ Market
-
- Presenter
- PhD student Meiji University
- Saneyuki Aoki
-
- Discussant
- Aoyama Gakuin University
- Takeo Minaki
- (2)Trend Analysis of Nikkei Average and Option Evaluation-Markov Switching EGARCH Model-
-
- Presenter
- Nihon University
- Hidetoshi Mitsui
-
- Toyo University
- Kiyotaka Satoyoshi
-
- Discussant
- Takachiho University
- Mai Shibata
- (3)Seasonality in Japanese Stock Return
-
- Presenter
- Seikei University
- Masashi Toshino
-
- Discussant
- Tohoku University
- Yoshio Kanazaki
Rm B201
- Session: Monetary Macroeconomics
-
- Chair
- Kyushu University
- Kenji Iwata
- (1)Nonparametric Approach to Convergence of Japanese Local Price Levels: A Failure of Purchasing Power Parity
-
- Presenter
- Surugadai University
- Hidehiro Ikeno
-
- Discussant
- Tohoku University
- Jun Nagayasu
- (2)Macroeconomic impacts of China’s Foreign Exchange Reserve Accumulation: A VAR Analysis Using Pure Sign Restrictions Approach
-
- Presenter
- PhD student Hitotsubashi University
- Li Nie
-
- Discussant
- Gakushuin University
- Junko Shimizu
- (3)Private Information in Forecasts of the Majority of BOJ Policy Board Members
-
- Presenter
- Nihon University
- Komaki Yasuyuki
-
- Discussant
- Meiji University
- Takayasu Ito
< – > Lunch
< – >
Rm B200
- Panel Session: Central Banking
Stability of Financial Systems and Macro-prudential Policies -
- Chair
- Kwansei Gakuin University
- Hisashi Harui
- (1)
-
- Presenter
- Financial Services Agency
- Toshinori Yashiki
- (2)
-
- Presenter
- Bank of Japan
- Takeshi Kimura
-
- Discussant
- Iwao Kuroda
-
- Nomura Research Institute
- Tetsuya Inoue
< – >
Rm B101
- Japan-Korea Special Session
-
- Chair
- Kyoto University
- Takayuki Tsuruga
- (1)Implicit Coordination of Interest Rate, Money, and Government Spending for GDP
-
- Presenter
- Kyungpook National University
- Inbong Ha
-
- Kyungpook National University
- Mikyung Bae
-
- Keimyung University
- Younghwan Lee
-
- Discussant
- Kobe University
- Masahiko Shibamoto
- (2)Designing a Simple Loss Function for the Fed: Does the Dual Mandate Make Sense?
-
- Presenter
- Korea University
- Jinill Kim
-
- UPF and Barcelona GSE
- Davide Debortoli
-
- Sveriges Riksbank
- Jesper Linde
-
- Federal Reserve Bank of Boston
- Ricardo Nunes
-
- Discussant
- Keio University
- Yuuki Teranishi
Rm B102
- Session: International Finance
-
- Chair
- Aichi University
- Yutaka Kurihara
- (1)Choice of Invoice Currency in Global Production and Sales Network: The Case of Japanese Overseas Subsidiaries
-
- Presenter
- Gakushuin University
- Junko Shimizu
-
- Yokohama National University
- Kiyotaka Sato
-
- Columbia University
- Takatoshi Ito
-
- Chuo University
- Satoshi Koibuchi
-
- Discussant
- Senshu University
- Keiko Ito
- (2)Decomposing European Premium in FX Swaps during the European Debt Crisis
-
- Presenter
- PhD student Keio University
- Yoshiko Suzuki
-
- Thomas Rueters Markets
-
- Discussant
- Hitotsubashi University
- Eiji Ogawa
- (3)Was Forex Fixing Fixed?
-
- Presenter
- PhD student Hitotsubashi University
- Masahiro Yamada
-
- Columbia University
- Takatoshi Ito
-
- Discussant
- Kansai University
- Sadayoshi Takaya
Rm B103
- Session: Corporate Finance
-
- Chair
- Tokyo Keizai University
- Masao Kumamoto
- (1)Overseas Transfer of Production and Non-Positive Net Debt
-
- Presenter
- Development Bank of Japan
- Genichiro Okamoto
-
- PhD student Hitotsubashi University
-
- Discussant
- Tokyo University of Science
- Takafumi Sasaki
- (2)Corporate Finance Using Credit Guarantee: Considering the Influence of the Great East Japan Earthquake
-
- Presenter
- Toyo University
- Yasuko Takezawa
-
- Hiroshima University
- Katsumi Matsuura
-
- Discussant
- Kobe University
- Nobuyoshi Yamori
- (3)Firms' Fund Raising Behavior in A Dollarized Economy: Large Sized Sample Survey on Cambodia
-
- Presenter
- Hitotsubashi University
- Hidenobu Okuda
-
- PhD student Hitotsubashi University
- Daiju Aiba
-
- Discussant
- Waseda University
- Fumihiko Hiruma
Rm B104
- Session: Financial History
-
- Chair
- Reitaku University
- Masanori Sato
- (1)Informal Finance in the Undeveloped Money Market: Analysis of Informal Finance in Okinawa
-
- Presenter
- Japan Economic Research Institute
- Kenji Nakamura
-
- Discussant
- Reitaku University
- Yuxiong Chen
- (2)Was the Experience of the State Bank Reorganizations Succeeded in Their Methods of the FDIC?
-
- Presenter
- Yamanashi Prefectural University
- Masako Kurohane
-
- Discussant
- Kanagawa University
- Soichi Toda
Rm B201
- Session: Financial Institutions in Different Countries
-
- Chair
- Musashi University
- Sanae Ohno
- (1)Overview of U.S. Student Loan Market and Its Implication for Japan
-
- Presenter
- Nomura Institute of Capital Markets Research
- Sachiko Miyamoto
-
- Discussant
- Sapporo University
- Takao Iida
- (2)The Underwriting Business of Major U.S. Financial Holding Companies
-
- Presenter
- Matsuyama University
- Tatsuro Kakeshita
-
- Discussant
- Fukuoka University
- Mitsushiro Kamino
- (3)Factors Determining Interest Rate Risk of Newly Chartered Japanese Banks
-
- Presenter
- Aomori Public University
- Akira Kunikata
-
- Discussant
- Ritsumeikan University
- Hiroshi Izawa
< – > Invited Lecture
RM C200
- Japan's Exit Strategy and Secular Stagnation
-
- Chair
- Tohoku University
- Shinichi Nishiyama
-
- Speaker
- Japan Center for Economic Research
- Kazumasa Iwata
< – > General Meeting
Rm C200
< – > Reception
Kawauchi No Mori Dining, Kawauchi Kita Campus
< - > Registration: 1st Floor of Building B
< – >
Rm 200
- Session: Empirical Analysis of Unconventional Monetary Policy
-
- Chair
- Waseda University
- Hajime Tomura
- (1)The Effects of ECB Monetary Policy on Bank Lending in Euro Area since the Outset of Global Financial Crisis
-
- Presenter
- Kobe University
- Agata Wierzbowska
-
- Discussant
- Kansai University
- Sadayoshi Takaya
- (2)The Effects of ETF Purchase by the Bank of Japan: Relationship between the Consumer Confidence Index and the Stock Price Index-
-
- Presenter
- PhD student Saitama University
- Yoshikazu Sato
-
- Discussant
- Nihon University
- Hidetoshi Mitsui
- (3)The Quantitative Easing Policy and Business Activities by Industry in Japan: 2001-2006
-
- Presenter
- PhD student Kobe University
- Hiroyuki Ijiri
-
- Kobe University
- Yoichi Matsubara
-
- Discussant
- Osaka Prefecture University
- Minoru Tachibana
Rm B101
- Session: Macroeconomic Analysis
-
- Chair
- Kyoto University
- Takayuki Tsuruga
- (1)Effects of Commodity Price Shocks on Inflation: A Cross-country Analysis
-
- Presenter
- Kyoto University
- Takayuki Tsuruga
-
- Kyoto University
- Atsushi Sekine
-
- Discussant
- Nanzan University
- Taiyo Yoshimi
- (2)Impact of Exchange Rate Shocks on Japanese Exports: Quantitative Assessment Using a Structural VAR model
-
- Presenter
- Meisei University
- Hayato Nakata
-
- Presenter
- Hitotsubashi University
- Tokuo Iwasako
-
- Discussant
- Tokyo University
- Ryuzo Miyao
- (3)Stock Market and Monetary Policy in a Search Model of Money
-
- Presenter
- PhD student Keio University
- Yoshitaka Tanaka
-
- Discussant
- Chiba University
- Ryoji Hiraguchi
Rm B102
- Session: Regional and Small Business Finance
-
- Chair
- Yamagata University
- Masaki Yamaguchi
- (1)Effects of Main Bank Switch on Small Business Bankruptcy
-
- Presenter
- PhD student Nagoya University
- Yuta Ogane
-
- Discussant
- Ritsumeikan University
- Kozo Hariyama
- (2)How Non-collateralized Loans Affect Firms’ Credit Availability and Performance: Evidence from a Program by a Government-affiliated Financial Institution
-
- Presenter
- PhD student Hitotsubashi University
- Hiromichi Iwaki
-
- Hitotsubashi University, RIETI
- Iichiro Uesugi
-
- Kobe University
- Hirofumi Uchida
-
- Discussant
- Okayama University
- Masanori Ohkuma
- (3)Role of Financial Institutions in Regional Revitalization
-
- Presenter
- Hiroshima University
- Shinri Murakami
-
- Discussant
- Okayama University
- Satoshi Mimura
Rm B103
- Session: Financial Issues in Asia
-
- Chair
- Hitotsubashi University
- Hidenobu Okuda
- (1)Study on the Functions and Roles of Singapore Financial Market ~ from the Asset Management Industry Point of View ~
-
- Presenter
- Daiwa Asset Management
- Tatsuya Torikoshi
-
- Discussant
- Nishogakusha University
- Katsushi Tabata
- (2)Financial Liberalization and Corporate Debt Structure in South East Asia
-
- Presenter
- Kyoto University
- Hisako Kai
-
- Discussant
- Kyushu International University
- Takeshi Uesaka
- (3)Evolving Informal Remittance Methods of Myanmar Migrant Workers in Thailand
-
- Presenter
- Institute of Developing Economies, JETRO
- Koji Kubo
-
- Discussant
- Kyoto University
- Fumiharu Mieno
Rm B104
- Session: Insurance and Risk Management
-
- Chair
- Tokyo Keizai University
- Noriyoshi Yanase
- (1)The Role of Life Insurance Surrender in Small Business Financing
-
- Presenter
- Meiji University
- Yoshihiro Asai
-
- Discussant
- Kagoshima University
- Kunikazu Nagata
- (2)Bank Equity Ownership and Corporate Hedging: Evidence from Japan
-
- Presenter
- Tokyo Keizai University
- Noriyoshi Yanase
-
- Portland State University
- Piman Limpaphayom
-
- Portland State University
- Daniel Rogers
-
- Discussant
- Aoyama Gakuin University
- Toshio Serita
Rm B201
- Session: Financial System and Law
-
- Chair
- Ritsumeikan University
- Hisashi Ohgaki
- (1)Legal Issues regarding the FinTech Industry in Japan
-
- Presenter
- Waseda University
- Takashi Kubota
-
- Discussant
- Senshu University
- Takahiko Watanabe
- (2)The Role of so-called Asset Based Lending (ABL) in Japanese Silk Reeling Finance
-
- Presenter
- Gakushuin Women's College
- Aki Kinjo
-
- Discussant
- Ritsumeikan University
- Hisashi Ohgaki
- (3)Management of Infrastructure in Depopulating Society
-
- Presenter
- Anderson Mori & Tomotsune Law Firm
- Takashi Akahane
-
- Discussant
- Ritsumeikan University
- Hisashi Ohgaki
< – > Lunch
< – >
Rm B200
- Symposium: Economic Recovery from Natural Disasters
-
- Chair
- Hitotsubashi University
- Yoshinori Shimizu
- (1)Recovery of the Firms from Great East Japan Earthquake: Evidence from Firm Survey Data
-
- Presenter
- Tohoku University
- Shin-ichi Nishiyama
- (2)Recovery of the Industries from Great East Japan Earthquake: Case studies of the supports by Reconstruction Support Organization
-
- Presenter
- Reconstruction Agency
- Takayuki Kumazaki
- (3)Firm Behavior, Corporate Finance, and Great East Japan Earthquake
-
- Presenter
- Kobe University
- Hirofumi Uchida
-
- Discussant
- Tohoku Fukushi University
- Osamu Kamoike
-
- Kobe University
- Toshiki Jinushi
-
- Kobe University
- Tomoko Aizawa
Program Committee
- Osamu Kamoike (Tohoku Fukushi University, Chair)
- Kenji Iwata (Kyushu University)
- Kentaro Iwatsubo (Kobe University)
- Hisashi Ohgaki (Ritsumeikan University)
- Sanae Ono (Musashi University)
- Hidenobu Okuda (Hitotsubashi University)
- Masao Kumamoto (Tokyo Keizai University)
- Yutaka Kurihara (Aichi University)
- Masanori Sato (Reitaku University)
- Ayumu Sugawara (Tohoku University)
- Toyoharu Takahashi (Chuo University)
- Sadayoshi Takaya (Kansai University)
- Tsutomu Chano (Musashi University)
- Takayuki Tsuruga (Kyoto University)
- Yuki Teranishi (keio University)
- Hajime Tomura (Waseda University)
- Jun Nagayasu (Tohoku University, Secretary)
- Shinichi Nishiyama (Tohoku University)
- Hisashi Harui (Kwansei Gakuin University)
- Takashi Hyodo (Yamaguchi University)
- Takeo Minaki (Aoyama Gakuin University)
- Noriyoshi Yanase (Tokyo Keizai University)
- Masaki Yamaguchi (Yamagata University)
- Kazutaka Watabe (Keio University)
Executive Committee
- Jiro Akita (Chair)
- Ayumu Sugawara
- Shin-ichi Nishiyama (Secretary)
- Yoshifumi Muroi