Meetings
May 15, 2010 (Sat)
<10:00～12:15>
A1 Panel Session：Monetary History
Institutionalization and Homogenization of Banking in Historical Perspective
Chair Reitaku University Masanori Satoh
| From the mutual financing association to ordinary bank: A case of Shiojiri-Bank in Nagano prefecture in the early Meiji era | Presenter Kinki University Kouki Iwaki |
| The homogenization of ordinary bank and savings bank: A case of Niigata prefecture before the Savings Bank Act | Presenter PhD Student The University of Tokyo Daisuke Hayakawa |
| Institutionalization of Informal finances in China | Presenter Reitaku University Yuxiong Chen Discussant Chiba University of Commerce Hisahiko Saito Discussant The University of Tokyo Masanao Itoh |
<10:00～12:15>
B1 Regional Banking in Japan I
Chair University of Tokyo Shin-ichi Fukuda
| On the Measurement of Operation Areas and Profitability for Shinkin Banks | Presenter Kansai Gaidai University Yasuhiro Horie Discussant Kinki University Yuichi Abiko |
| Regional economic impact of the sinkin-bank loans ～Quantative analysis of regional ecnomic power and sinkin-bank loans～ | Presenter PhD student Ritsumeikan University Kiyotsugu Yoshihara Discussant Development Bank of Japan Masaharu Hanazaki |
| The safety of shinkin bank and Z-score | Presenter Takasaki City Universi Kichiro Iwamoto Waseda University Teruo Mori Discussant Senshu University Ji Cong |
C1 The New Empirical Analyses of Monetary Policy
Chair Sophia University Yosuke Takeda
| Optimal Monetary Policy and Preemptive Effect | Presenter PhD Student Tohoku University Souichi Arai Discussant Bank of Japan Yuki Teranishi |
| Monetary Policy and Firm Investment | Presenter PhD Student Chuo University Koichi Masuda Discussant Doshisha University Shin-ichi Kitasaka |
| On a Comparison of Alternative Specifications of Highly Interest-Elastic Money Demand under a Liquidity Trap in Japan | Presenter Konan University Kiyotaka Nakashima Hitotsubashi University Makoto Saitoh Discussant Kobe University Masahiko Shibamoto |
D1 International Finance I
Chair Chuo University Soko Tanaka
| A solution to global imbalance’s ：Key role played by china in domestic demand stimulus and financial innovation | Presenter Saga University Miao Jinfang Discussant Oita University Kazuo Toritani |
| Global Financial Crisis and Financial Stability of the New Member States of the EU― Comparison of Central and Eastern Europe with three Baltic States | Presenter Kobe University Banincova Eva Discussant Tohoku Gakuin University Masashi Igakura |
| Financial Crisis and the Choice of Currency Regime in NEW EU Member Countries | Presenter Senshu University Junko Shimizu Discussant Musashi University Sanae Ohno |
E1 Financial Institutions I
Chair Kobe University Kenya Fujiwara
| Determinants of Regional Banks’ Incentives to Acquire Credit Ratings Voluntarily | Presenter Norinchukin Research Instutute Co., Ltd. Itaru Yajima Discussant Setsunan University Kamon Iwatsubo |
| Banker’s Overconfidence and Irrational Lending Behavior | Presenter PhD Student Chuo University Kimiyo Kitamura Discussant Hitotsubashi University Takashi Misumi |
| Economic Impacts of Herd Behavior in the Japanese Loan Market | Presenter Kansai University Ryuichi Nakagawa The University of Tokyo Hidekazu Oiwa The University of Tokyo Fumiko Takeda Discussant Hosei University Peng Xu |
F1 World Finance
Chair Hitotsubashi University Eiji Ogawa
| Financial Crisis and Information Transmission Mechanism: Evidence from Overnight Volatility Spillovers between the U.S., Hong Kong, and China’s Stock Markets | Presenter PhD Student University of International Business and Economics Nishimura Yusaku Discussant Kwanseigakuin University Kenjiro Hirayama |
| Exchange Rate and Stock Price Interactions in Russia | Presenter Asahikawa University Ono Shigeki Discussant Toyo University Rika Nakagawa |
| GDP, GNI, and Income Balance in Japan | Presenter Fukushima University Masanori Ono Discussant Daito Bunka University Kaku Furuya |
<12:15～13:30>
Lunch
<13:30～15:45>
A2 Panel Session：On Central Bank
Unconventional Monetary Policy under the Global Financial Crisis
Chair Keio University Kazuto Ikeo
| Unconventional Monetary Policy: Connectional Overview | Presenter The University of Tokyo Shin-Ichi Fukuda |
| The Effects of Central Bank Unconventional Policies and Challenges That Lie Ahead | Presenter Bank of Japan Hiroshi Nakaso |
| The Movements of the Financial Market Under the Unconventional Monetary Policy | Presenter Totan Research Izuru Kato |
<13:30～15:45>
B2 Corporate Finance
Chair Keio University Takashi Kaneko
| Capital adjustment costs and nonlinear investment. | Presenter Hirosaki University Keiichi Shima Discussant Development Bank of Japan Kenji Tanaka |
| Foreign Ownership and Corporate Value – Evidence from Panel Structural VAR Mode | Presenter Cabinet Office Konomi Tonogi Kobe University Kentaro Iwatsubo Discussant Senshu University Nobuyuki Teshima |
| Determinants of the introduction of stock options : Evidence from Japan | Presenter Tokyo Keizai University Yukihiro Yasuda Tokyo Keizai University Kim Hyonok PhD Student Tokyo Keizai University Nobuhisa Hasegawa Discussant Keio University Yukitami Tsuji |
C2 International Finance II
Chair Kyushu University Kenji Iwata
| Foreign Reserve as Overseas Investment： Expecting the change of Key Currency | Presenter The Bank of Tokyo-Mitsubishi UFJ Junichi Shukuwa Discussant Chuo University Tadanobu Nemoto |
| Reconsidering the Sustainability of the U.S. Net External Liabilities | Presenter Ryukoku University Masaharu Takenaka Discussant Chuo University Soko Tanaka |
| International Policy Coordination and the Roles of the IMF | Presenter Shobi University Yoshihiko Noguchi Discussant University of Shizuoka Toshio Koyano |
D2 Financial Markets and Corporate Strategy
Chair Hitotsubashi University Takashi Misumi
| Study of change in dividend payout ratio and the factor | Presenter PhD student Kyushu University Shinya Shinozaki Discussant The University of Kitakyushu Naohisa Goto |
| An Empirical Analysis of the Effect of Media Coverage on Stock Price Crashes: Evidence from Japan | Presenter Konan University Hiroyuki Aman Discussant Chuo University Eiji Okuyama |
| Pricing in Japanese Bond Market | Presenter Chuo University Toyoharu Takahashi Discussant Waseda University Yasuhiro Yonezawa |
E2 Asian Economies
Chair Hiroshima University Junji Yano
| Capital Flows Analysis for Korea and Thailand – Monthly Data Analysis through Market Consensus, Political Risk and Liquidity Indices | Presenter Financial & Economic Research Center, Nomura Securities Co., Ltd. Takayuki Urade Discussant Kinki University Hidefumi Yamagami |
| Nonperforming Loans and Public Asset Management Companies in Malaysia and Thailand | Presenter Kyoto Sangyo University Masahiro Inoguchi Discussant Daito Bunka University Hiroshi Gunji |
| The impact of connected lending on bank risk and performance: Evidence from Indonesia | Presenter Institute of Developing Economies Miki Hamada Hitotsubashi University Masaru Konishi Discussant Hiroshima University Masaaki Komatsu |
<16:00～17:00>
AS Invited speech
Challenges and Efforts in Financial Administration
Speaker Commissioner, Financial Service Agency Katsunori Mikuniya
<17:00～17:50>
Business meeting
<18:00～ >
Reception
Room 1406
May 16, 2010 (Sun)
A3 <10:00～12:15>
Panel Session: International Finance
Possibility of Creating a Common Currency in Asia
Chair Aichi University Yutaka Kurihara
| Financial Cooperation in East Asia and the Path to the Asian Common Currency | Presenter Ministry of Finance Masatsugu Asakawa |
| Prospects for the Global Economic and Financial System in the 2030s with Introduction of an Asian Common Currency | Presenter Institute for International Policy Studies Satoshi Shimizutani |
| The Financial Integration in Asia: Its Prospects | Presenter Bank of Japan Wataru Takahashi Discussant Hitotsubashi University Eiji Ogawa Discussant Ryukoku University Testuji Murase |
<10:00～12:15>
B3 Regional Banking in Japan II
Chair Yokohama City University Qing-yuan Sui
| Number of bank relationships of small and medium-sized enterprises－Empirical Analysis in the Chubu region and the Hokuriku region | Presenter PhD Student TOYO UNIVERSITY Eibun Ishikawa Discussant Kansai Gaidai University Yasuhiro Horie |
| Technical Efficiency on Regional Banks and Managerial Diversification. -Non Discretionary DEA. | Presenter PhD Student Aomori Public College Shun Yamamoto Discussant Ritsumaikan University Kozo Harimaya |
| The Roles of Relationship Lending and Utilization of Soft Information on Bank and Performance in Competitive Local Markets | Presenter PhD Student, Kobe University Nakaoka Takayoshi Kobe University Tadanori Yosano Discussant Nagoya University Nobuyoshi Yamori |
C3 Financial Institutions II
Chair Hokkaigakuen University Masayuki Kobayashi
| Can a Defined Benefit Corporate Pension Plan Increase Corporate Value? | Presenter PhD Student Kyushu University Mitoshi Yamamoto Discussant Daiwa Institution of Research Yuji Mori |
| Global financial crisis and systemic risk of major financial institutions: Evidence from credit default swaps | Presenter Musashi University Sanae Ohno Discussant Waseda University Yasuhiro Yonezawa |
| Financial Reregulation and Its Influence on the Securitization Market in Japan | Presenter Yokohama National University Masahiko Takahashi Discussant Rikkyo University Toru Kitahara |
D3 Money and Prices
Chair Kwanseigakuin University Atsushi Tanaka
| The Effect of Absorption of Government Bonds by Banks and National Investment and Loan on Money-Stock | PresenterPhD. Student Chuo University Masashi Chikahiro Discussant Dokkyo University Yoshihiko Saito |
| Is there any interrelation among industrial corporate good prices? | Presenter Tokai University Yoshikazu Ishimori Discussant Kyoto Sangyo University Akira Terai |
| Regional inflation (price) behaviors: heterogeneity and convergence | Presenter University of Tsukuba Jun Nagayasu Discussant Hitotsubashi University Etsuro Shioji |
E3 English Session
Chair Hitotsubashi University Hidenobu Okuda
| Exchange Rate Movements And Foreign Direct Investment (Fdi): Evidence From Japanese Investment In Asia, 1987-2008 | Presenter Ph D student, Osaka University Shi Zongying Osaka University Shinji Takagi Discussant Toyo University Kentaro Kawasaki |
| What Drives the Time-Series and Cross-Sectional Variations in Bank Capital Ratios | Presenter Hitotsubashi University Chen Sichong Discussant Tokyo Keizai University Yukihiro Yasuda |
| Negative Impacts of Capital Injection Policies on the Capital Crunch | Presenter Hitotsubashi University Osada Takeshi Discussant Chuo University Satoshi Koibuchi |
<12:15～13:15>
Lunch
<13:15～16:15>
A4 Corporate Finance after the World Financial Crisis
Chair Nagoya University Nobuyoshi Yamori
| Relationship between SMEs and financial institutions: Development after the financial crisis | Presenter Hitotsubashi University I-ichiro Uesugi |
| Corporate Finance of Large Japanese Firms: Past, Present and Future | Presenter Waseda University Shin-Ichi Hirota |
| Regulatory Responses to Financial Crises and Their Impacts on Corporate Finance | Presenter Bank of Japan Arito Ono |
| Financial System and Banking Business after the Crisis | Presenter Development Bank of Japan Masaharu Hanazaki |
Program committee
Kazuto Ikeo (Keio University) Kenji Iwata(Kyushu University) Eiji Ogawa(Hitotsubashi University)
Hidenobu Okuda(Hitotsubashi University) Eiji Okuyama(Chuo University) Takashi Kaneko(Keio University)
Yutaka Kurihara(Aichi University) Yoshihiro Kuroki(Chuo University) Masayuki Kobayashi(Hokkaigakuen University)
Qing-yuan Sui(Yokohama City University) Toyoharu Takahashi(Chuo University) Yosuke Takada(Sophia University)
Atsushi Tanaka(Kwanseigakuin University) Soko Tanaka(Chuo University) Tadanobu Nemoto(Chuo University)
Sin-Ichi Fukuda(The University Of Tokyo) Kenya Fujiwara８Kobe University) Takashi Misumi(Hitotsubashi University)
Kazuhiko Yago(Tokyo Metropolitan University) Jun-Ji Yano(Hiroshima University)