Meetings
Saturday May 16, 2009
09:30 to 11:45 Panel Session 1: On Central Bank
Rm. G Financial Crises and Central Bank
Chair Nakakita, Toru Toyo University
Presenter Nakaso, Hiroshi Bank of Japan
Presenter Uchida, Kazuto Bank of Tokyo-Mitsubishi-UFJ
Presenter Jinushi, Toshiki Kobe University
09:30 to 11:45 Contributed Session 1
Rm. A International Finance (1)
Chair Katsu, Etsuko Meiji University
| Foreign capital inflow and Chinese mortgage market boom | Presenter Ohno, Sanae Musashi University Discussant Ogawa, Eiji Hitotsubashi University |
| Empirical Analysis of the Forward Premium:Evidence from the Asia-Pacific Region | Presenter Nagayasu, Jun Tsukuba University Discussant Iwatsubo, Kentaro Kobe University |
| Korean CBO and ABF1－focusing on the logic of policy making | Presenter Fuda, Koji Graduate School of the University of Tokyo Nishikawa, Teru Graduate School of the University of Tokyo Discussant Takeuchi, Atsushi Bank of Japan |
Rm. B Corporate Finance
Chair Kamoike, Osamu Tohoku Fukushi University
| The Effect of Bank Relationships and Ownership Structure on Financing Choices: Evidence from Japan | Presenter Ishikawa, Masaya Graduate School, Hitotsubashi University Takahashi,Hidetomo Graduate School, Hitotsubashi University Discussant Suzuki, Katsushi Tokyo University of Science |
| Investors’ recognition of pension accounting and corporate value | Presenter Yamamoto, Mitoshi Graduate School of Kyushu University Discussant Aman, Hiroyuki Nagasaki University |
| Main Bank Relationships in Japan | Presenter Hirota, Shinichi Waseda University Discussant Hanazaki, Masaharu The Development Bank of Japan |
Rm. C Monetary History (1)
Chair Yago, Kazuhiko Tokyo Metropolitan University
| Yen Loan and Indian Political Economy | Presenter Nunome, Toshinari Discussant Matsui, Kenichirou Institute for International Monetary Affairs |
| Doller-to-Yen Conversion at the Reversion of Okinawa | Presenter Suzuki, Saburou Musashi University Discussant Itoh, Masanao University of Tokyo |
| Bretton Woods II | Presenter Yonekura, Shigeru Saga University Discussant Maeda, Jun University of Kitakyushu |
Rm. D Finance in Developing Economies
Chair Mieno, Fumiharu Kobe University
| An Examination from Monetary Theory on the Islamic Banks: Balance Sheet Analysis of Abu Dhabi Islamic Bank | Presenter Kamiyama, Hajime Graduate School of Hitotsubashi University Discussant Nakagawa, Rika Institute of Development Economies, JETRO |
| Competition and Microfinance Institutions’ Performance | Presenter Kai, Hisako Graduate School of Kobe University Discussant Harimaya, Kozo Sapporo Gakuin University |
| Microcredit and Group lending | Presenter Matsuda, Shinichi Graduate School of Waseda University Yabushita, Shiro Waseda University Discussant Okuda, Hidenobu Hitotsubashi University |
Rm. E Japanese Regional Financial System I
Chair Yamori, Nobuyoshi Nagoya University
| The Establishment of the Labor Bank of Japan | Presenter Mimura, Satoru Aichi Gakusen University Discussant Saito, Tadashi Komazawa University |
| Causes of regional lending slump and solutions | Presenter Masuda, Yasuyoshi Toyo University Discussant Noma, Toshikatsu Doshisha University |
| The Deepening of Aged Society and the Management of Regional Financial Institutions | Presenter Horie, Yasunori Kyushu University Discussant Abiko, Yuichi Kinki University |
Rm. F Macroeoconomics and Banking
Chair Sakuragawa, Masaya Keio University
| The Estimation of the New Keynesian Phillips Curve in Japan and Its Implication for the Inflation Responses to a Monetary Policy Shock | Presenter Shibamoto, Masahiko Kobe University Discussant Muto, Ichiro Bank of Japan |
| Effects and limits of bailouts of insolvent banks for central bank | Presenter Oda, Yuichi Doshisha University Discussant Sakai, Yoshikiyo Kanagawa University |
| Financial Development and Financial Amplification | Presenter Hirano, Tomohiro Financial Service Agency Discussant Nakamura, Tamotsu Kobe University |
11:50 to 12:35 Keynote Speaker
Rm. G
Chair Tsutsui, Yoshiro
Financial Crisis in the United States: Comparison of Great Depression
Speaker Kaizuka, Keimei University of Tokyo, Director, CARF
12:35 to 13:35 Lunch
09:30 to 11:45 Panel Session 2: Monetary History
Rm. G
Chair Saito, Hisahiko Chiba Commerce University
Presenter Shizume, Masato Bank of Japan
Presenter Sato, Masanori Reitaku University
Presenter Hotori, Eiji Yokohama National University
Discussant Noshita, Yasutoshi Kokushikan University
Discussant Yago, Kazuhiko Tokyo Metoropolitan University
Discussant Tsurumi, Masayoshi Hosei University
13:35 to 15:50 Contributed Session 2
Rm. A Financial Regulations (1)
Chair Harui, Hisashi Kwanseigakuin University
| VAT on Financial Services | Presenter Suzuki, Masaaki Mizuho Research Institute Discussant Kaizuka, Keimei University of Tokyo, Director, CARF |
| Reexamining the Concept of Securities in the Financial Instruments and Exchange Law | Presenter Takahashi, Masahiko Yokohama National University Discussant Kubota, Takashi Waseda University |
Rm. B International Finance II
Chair Sasaki, Yuri Meiji Gakuin University
| Original Sin and Monetary Policy | Presenter Nakamura, Shuji Graduate School of Hitotsubashi University Discussant Matsubayashi, Yoichi Kobe University |
| Introducing Risks of Financial Crises into the Theory of Optimum Currency Areas | Presenter Nishimura, Yozo Discussant Murase, Tetsuji Ryukoku University |
| External Adjustments and Coordinated Exchange Rate Policy in Asia | Presenter Ogawa, Eiji Hitotsubashi University Iwatsubo, Kentaro Kobe University Discussant Esaka, Taro Kobe City University of Foreign Studies |
Rm. C Foreign exchange system / Efficiency of Banks
Chair Ohno, Sanae Musashi University
| Currency Invoicing of Major Japanese Exporters and the Role of AMU | Presenter Ito, Takatoshi University of Tokyo Koibuchi, Satoshi Chiba Commerce University Sato, Kiyotaka Yokohama National University Shimizu, Junko Senshu University Discussant Ohno, Masanori Fukushima University |
| Liquidity, Volume and Informational Efficiency: Evidence from High-Frequency FX Data | Presenter Iwatsubo, Kentaro Kobe University Kitamura, Yoshihiro Toyama University Discussant Susai, Masayuki Nagasaki University |
| Efficiency of Domestic and Foreign Banks in Russia | Presenter Ono, Naruki AsahikawaUniversity Discussant Hatase, Mariko Bank of Japan |
Rm. D Monetary Policy
Chair Miyao, Ryuzo Kobe University
| Optimal monetary policy and inflation persistence in an open economy | Presenter Ida, Daisuke Graduate School of Kobe University Discussant Tsuruga, Takayuki Kwansai University |
| Bank Lending Channel during the Quantitative Monetary Easing Policy Period | Presenter Inoue, Hitoshi Graduate School of Osaka University Discussant Hosono, Kaoru Gakushuin University |
| On the Monetary Policy under New Bank of Japan Act | Presenter Tatebe, Masayoshi Chukyo University Discussant Fujii, Yoshihiro Sophia University |
Rm. E Japanese Regional Financial System II
Chair Horie, Yasuhiro Kyushu University
| A Reexamination on the Segmentation Hypothesis of the Prefectural Loan Markets in Japan: a Panel Co-integration Study on the Reduced Form of the Prefectural Loan Interest Rates | Presenter Ishikawa, Daisuke Kyoto University Discussant Kano, Masaji Osaka Prefecture University |
| Estimation of Switching Cost on The Credit Market: Using data of japanese shinkin-bank in Kansai region | Presenter Nakaoka, Takayoshi Graduate School of Kobe University Discussant Shimabukuro, Itsuko Okinawa International University |
| Debt Restructuring of Local Quasi-Public Corporations Supported by ‘’Regional Power Revitalization Corporation’’ | Presenter Fukasawa, Eiji National Diet Library Discussant Suzuki, Masaaki Mizuho Research Institute |
Rm. F Empirical Research in Financial Market
Chair Fukushige, Mototsugu Osaka University
| Capital Ratios and Cross-Section of Stock Returns in Banking Industry | Presenter Chen, Sichong Hitotsubashi University Discussant Tanaka, Atsushi Kansai Gakuin University |
| Capital Injection of Public Funds and Bank Lending Behavior: Asymmetric Effects between International Banks and Domestic Banks | Presenter Nagata, Ken Graduate School of Hitotsubashi University Discussant Abiko, Yuichi Kinki University Presenter Miyamoto, Michiko Akita Prefectural University Ando, Masakazu The Institute of Statistical Mathematics Henmi, Masayuki The Institute of Statistical Mathematics Discussant Okuyama, Eiji Chuo University |
16:00 to 17:00 Invited Speaker
Rm. G Financial Market Stability and Market Confidence
Moderator Ueda, Kazuo University of Tokyo
Speaker Nishimura, Kiyohiko Bank of Japan
17:10 to 18:10 General Meeting
Rm. G
18:15 Welcome Reception
Sanjo Kaikan 1F Restaurant
Sunday May 17, 2009
10:00 to 12:15 Panel Session 3: On International Finance
Rm. G Global Financial Crisis
Chair Ogawa, Eiji Hitotsubashi University
Presenter Takatoshi Ito University of Tokyo
Presenter Kawai, Masahiro Asian Development Bank Institute
Presenter Watanabe, Hiroshi Japan Bank for International Cooperation (JBIC)
10:00 to 12:15 Contributed Session 3
Rm. B Financial Regulations (2)
Chair Higano, Mikinari Rikkyo University
| The Origin and Development of International Cooperation for Financial System Stability: Establishment of the Basel Committee on Banking Supervision and Adoption of the “Concordat” | Presenter Watanabe, Satoshi Bank of Japan Discussant Yago, Kazuhiko Tokyo Metropolitan University |
| The Effects of MOF and BOJ Inspections on Non Performing Loans | Presenter Tsukazaki, Kimiyoshi Kurume University Discussant Kamibayashi, Takanori Tokyo International University |
| The EU Framework of Financial Supervision and the College of Supervisors | Presenter Ohta, Mikiko Miyagi Gakuin Female University Discussant Harui, Hisashi Kwanseigakuin University |
Rm. C Financial Market in China
Chair Itoh, Masanao University of Tokyo
| The Effect of RMB Exchange Rate Volatility on Sino-Japan Exports | Presenter Nishimura, Yusaku University of International Business and Economics Discussant Shimizu, Junko Senshu University |
| Between Mao and Markets: New Evidence on Segmentation of the Bank Loan Market in China | Presenter Ohkuma, Masanori Graduate School of Waseda University Discussant Yamori, Nobuyoshi Nagoya University |
| The Investment Environments and firm Investment Behaviors in China : An Empirical Study on the Effect of The Government’s Ownership | Presenter Hasibilige Graduate School of Hitotsubashi University Take, Yasushi Graduate School of Hitotsubashi University Discussant Li Jian Ping Senshu University |
Rm. D Empirical Analyses of East Asian Finanacial System
Chair Yano, Junji Hiroshima University
| How does the remittance affect macroeconomic factors in developing countries?: An empirical study of VAR model including Overseas Pilipinas Remittances | Presenter Take, Yasushi Graduate School of Hitotsubashi University Discussant Kawasaki, Kenatro Toyo University |
| Analysis of Transmission Mechanism of Monetary Policy in Vietnam | Presenter Nguyen Duc Lap Hiroshima Shudo University Discussant Nakagawa, Rika Institute of Development Economies, JETRO |
| Asset Price Fluctuations and Macroeconomic behavior in East Asia | Presenter Enya, Masahiro Osaka International University Discussant Inoguchi, Masahiro Kyoto Sangyo University |
Rm. E Security Market
Chair Uno, Jun Waseda University
| Relation between Investors’ Expectations and Macroeconomic Indicators | Presenter Hasumi, Ryou Japan Center for Economic Research Hirata, Hideaki Hosei Unijversity Discussant Ashiya, Masahiro Kobe University |
| The Determinats if Underpricing and IPO Wave | Presenter Hisa, Yuko Atomi University Hisa, Shoichi Hitotsubashi University Discussant Tatsumi, Kenichi Gakushuin University |
| Islamic Finance and the Theory of Capital Structure | Presenter Nagano, Mamoru Nagoya City University Discussant Hosono, Kaoru Gakushuin University |
Rm. F Monetary History（2）
Chair Sato, Masanori Reitaku University
| The Changes in Wholesale Prices of Basic Groups for Pre-Deflation Period | Presenter Ishimori, Yoshikazu Tokai University Discussant Harada, Yutaka Daiwa Institute of research. Ltd. |
| Analytical approach to the Bank internal audit during the Taisho Period―The discussion about reinforcement of Bank internal audit and its case study― | Presenter Ohe, Seiichi Isuzu Motors Ltd. Discussant Asai, Yoshio Seijo University |
| How was monetary policy made before and after the Showa Depression? | Presenter Harada, Yutaka Daiwa Institute of research. Ltd. Sato, Ayano Takasaki City University of Economics Discussant Shizume, Masato Bank of Japan |
12:15 to 13:15 Lunch
13:15 to 15:15 Panel Discussions, Jointly organized by CARF, University of Tokyo
Rm. G
Financial Crisis and Credit Market
Moderator Kazuo, Ueda University of Tokyo
Panelist Ogaki, Hisashi Ritsumeikan University
Panelist Ohashi, Hidetoshi Morgan Stanley
Panelist Ozeki, Koyo PIMCO
Panelist Takada, Hajime Mizuho Security
Panelist Hatakama, Toshiyuki Mitsubishi-UFJ Security
Spring 2009 Meeting Program Committee
Itoh, Masanao Ueda, Kazuo
Ohno, Sanae Ogawa, Eiji
Katsu, Keiko Kamoike, Osamu
Sakuragawa, Masaya Sasaki, Yuri
Sato, Masanori Suto, Megumi
Harui, Hisashi Higano, Mikinari
Fukushige, Mototsugu Fukuda, Shin-ichi
Horie, Yasunori Mieno, Fumiharu
Miyao, Ryuzo Yago, Kazuhiko
Yamori, Nobuyoshi Yano, Junji