September 21th, Saturday

＜ 9:30 – ＞ Registration：1st Floor of Law & Economics Shared Facilities Bldg, Higashiyama Campus

＜ 10:00 – 12:00 ＞

Conference Hall
Panel Session: Reconstruction Finance
SME Finance after the Great East Japan Earthquake
Chair Tohoku Fukushi University Osamu Kamoike

（1）Trading Partners and Firm Location Choice: Evidence from the Great East-Japan Earthquake	Presenter Mizuho Research Institute Arito Ono
（2）Great East Japan Earthquake and corporate debt over-hang	Presenter Tohoku University Shin-Ichi Nishiyama
（3）The Actual Operation and Status-Quo of the Reconstruction Finance in Tohoku Area	Presenter The Organization for Restructuring Businesses After the Touhoku Earthquake Tatsuya Aranami Discussant Japan Center for Economic Research Yuki Masujima Discussant Kobe University Toshiki Jinushi

＜ 10:00 – 12:00 ＞

Economics Lecture Room 1
Session: International Finance 1
Chair Gakushuin University Hideaki Murase

（1）Issues of Japanese Income on Outward Foreign Direct Investment －The Key is Sound Origination in Emerging Economies－	Presenter Cabinet Office Takuo Kato Discussant Seikei University Mamoru Nagano
（2）Hot Money Flow, Money Supply, Credit and Residential Property Prices in China	Presenter Musashi University Sanae Ohno Hosei University Peng Xu Discussant Hitotsubashi University Etsuro Shioji
（3）Prudential Capital Controls: The Impact of Different Collateral Constraint Assumptions	Presenter Kyoto University Takayuki Tsuruga Bank of Japan Mitsuru Katagiri Bank of Japan Ryo Kato Discussant Kobe University Shigeto Kitano

Economics Lecture Room 2
Session: International Finance 2
Chair Kansai University Sadayoshi Takaya

（1）The Spillover Analysis of the African Stock Markets in the Crisis Period	Presenter Shiga University Yushi Yoshida Kounan University Kimiko Sugimoto Osaka Gakuin University Takashi Matsuki Discussant University of Tsukuba Jun Nagayasu
（2）The Role and Function of Central Bank in Dollarization Countries	Presenter Tokai University Naotoshi Kinoshita Rissho University Yasushi Hayashi Discussant Ritsumeikan University Hideaki Ohta
（3）Foreign Exchange Movements and the Financial Crisis in the 2000s －Asymmetric Movements of Yen and Won－	Presenter Ryukoku University Masaharu Takenaka Institute of International Monetary Affairs Koji Sakuma Discussant Nagasaki University Masayuki Susai

Law Lecture Room 1
Session: Corporate Finance
Chair Kinki University Yuichi Abiko

（1）Family Firms and Capital Structure	Presenter Ph.D. Student, Hitotsubashi University Hokuto Dazai Discussant Kyoto Sangyo University Atsuo Fukuda
（2）A Study on the Means for Capital Structure Adjustment: Evidence from Listed Firms in Japan	Presenter Development Bank of Japan Gen-Ichiro Okamoto Discussant Keio University Yukitami Tsuji
（3）An Analysis of Determinants of Target Debt Ratio and Adjustment Speed	Presenter Keio University Shintaro Tomita Discussant Hitotsubashi University Masaharu Hanazaki

Law Lecture Room 3
Session: Personal Finance
Chair Meijo University Shinichiro Maeda

（1）The Impact of Public Insurance on Private Insurance Demand: Is Private Insurance a Normal Good?	Presenter Nagasaki University Mahito Okura Discussant Meiji University Yoshihiro Asai
（2）Overview of U.S. Tax Benefit for Higher Education and Its Implication for Japan	Presenter Nomura Institute of Capital Markets Research Sachiko Miyamoto Discussant Sapporo University Takao Iida
（3）What Are the Effective Sources for Financial Literacy?	Presenter Daito Bunka University Hiroshi Gunji Discussant Hitotsubashi University Tokuo Iwaisako

＜12:00-13:00＞Lunch

＜ 13:00 – 15:00 ＞

Conference Hall
Panel Session: International Finance
International Capital Flows and Financial Crisis
Chair Kobe University Seiichi Fujita

（1）International Capital Flow, European Banks and Financial Crisis	Presenter Kobe University Yoichi Matsubayashi Kobe University Seiichi Fujita Kobe University Shigeto Kitano
（2）Financial Crisis and Bailout	Presenter BNP PARIBAS Securities Japan Ltd. Mana Nakazora
（3）Financial Crisis and Credit Externality	Presenter Bank of Japan Ryo Kato

＜ 13:00 – 15:00 ＞

Economics Lecture Room 1
Session: Monetary policy 1
Chair Kobe University Teruyoshi Kobayashi

（1）Active Policy Rule versus Ineffective Monetary Policy TVP-VAR Analysis of Chinese Monetary Policy from1994 to 2012	Presenter Ph.D. Student, Hitotsubashi University Cicely Liu Discussant Tokyo University Junko Koeda
（2）A Regime-Switching SVAR Analysis of Zero Interest Rate Policy	Presenter Tokyo University Junko Koeda Hitotsubashi University Fumio Hayashi Discussant Kansai University Honda Yuzo
（3）The Effects of Commodity Price Shocks and Systematic Monetary Policy in Developed Countries	Presenter Ph.D. Student, Kyoto University Atsushi Sekine Discussant Kobe University Masahiko Shibamoto

Economics Lecture Room 2
Session: Regional Finance
Chair Chuo University Tadanobu Nemoto

（1）The Effect of the Branch Network of Regional Financial Institutions to Local Companies: Evidence for Shinkin Banks in Hokkaido	Presenter Kushiro Public University Yasufumi Ozaki Ritsumeikan University Kozo Harimaya Discussant Waseda University Yoshiaki Ogura
（2）Deposit Market Competition and Discipline	Presenter Kagoshima University Kunikazu Nagata Discussant Aichi Gakuin University Kazumine Kondo
（3）Relationship Banking and SME Finance in China: An Analysis based on the survey of Zhejiang Province in 2010	Presenter Ph.D. Student, Kobe University Yajing Liu Discussant Mizuho Research Institute Arito Ono

Law Lecture Room 1
Session: Financial Institutions in Different Countries
Chair Nanzan University Yoshikazu Arai

（1）Infrastructure Finance in Indonesia and Japanese Mega Banks: An Evidence from Network Analysis	Presenter Yamagata University Masaki Yamaguchi Discussant Matsuyama University Keiichiro Nishio
（2）Expansion of the Non-Mainstream Finance in China, and Small and Medium-Sized Enterprises	Presenter Reitaku University Chen YuXiong Discussant Kinki University Hidefumi Yamagami
（3）Determinants of Commercial Bank Efficiency in Cambodia: An Application of Two-stage DEA Method to Measure Efficiency	Presenter Hitotsubashi University Hidenobu Okuda Ph.D. Student, Hitotsubashi University Daiju Aiba Discussant Ritsumeikan University Kozo Harimaya

Law Lecture Room 3
Session: Macroeconomic Analysis
Chair Yamaguchi University Takashi Hyodo

（1）Long-run Analysis on Convergence of Japanese Local Price Levels: a Pairwise Approach	Presenter Surugadai University Hidehiro Ikeno Discussant University of Tsukuba Jun Nagayasu
（2）Oil Consumption and Macroeconomic Activity in Japan	Presenter Chukyo University Kunihiro Hanabusa Discussant Hiroshima University Takashi Senda
（3）Fiscal Policy under Staggered Loan Contract	Presenter Tokai University Kazuki Hiraga Japan Center for Economic Research Tetsuaki Takano Discussant Keio University Yuki Teranishi

＜ 15:10 – 16:10 ＞ Invited Lecture

Conference Hall
Chair Nagoya University Yuichi Kanai

Speaker President, The Shinkumi Federation Bank Junichi Naito
Current Issues around Shinkumi Banks and the Future Role of the Shinkumi Federation Bank

＜ 16:15 – 17:15 ＞ Presidential Address

Conference Hall
Chair Nagoya University Yuichi Kanai

Speaker Doshisha University Hideo Fujiwara
Credit Creation and Money Supply in Market Equilibrium and Disequilibrium －Closed Economy and Open Economy－

＜ 17:20 – 18:00 ＞ General Meeting
Conference Hall

＜ 18:15 – 20:15 ＞ Reception
South Restaurant, Higashiyama Campus

September 22th , Sunday

＜ 9:00 – ＞ Registration：1st Floor of Law & Economics Shared Facilities Bldg, Higashiyama Campus

＜ 9:30 – 11:30 ＞
Conference Hall

Special Session　　 Abenomics
Chair Tokyo University of Social Welfare Kenji Mizutani

（1）	Presenter Kansai University Yuzo Honda
（2）	Presenter Keio University Seki Obata
（3）	Presenter NLI Research Institute Yasuhide Yajima
（4）	Presenter The Korea Institute of Finance GongPil Choi Discussant Kobe University Toshiki Jinushi

＜ 9:30 – 11:30 ＞

Economics Lecture Room 1
Session: International Finance 3
Chair Tokyo Keizai University Norio Kumamoto

（1）An Analysis on Stationality of East Asian Currencies by the Unit Root Test and the Cointegration Test	Presenter Ph.D. Student, Hitotsubashi University Wang Zhiqian Discussant Toyo University Kentarou Kawasaki
（2）Time Varying Pass-Through: Will the Yen Depreciation Help Japan Hit the Infaltion Target?	Presenter Hitotsubashi University Etsuro Shioji Discussant Seikei University Masanori Oono
（3）China Economic Growth and Impact to Asia －Applying A Global VAR Model－	Presenter Japan Bank of International Cooperation Hitoshi Oshige Discussant Musashi University Sanae Ohno

Economics Lecture Room 2
Session: Financial History ＜10:50 – 11:30＞
Chair Nagoya City University Kazuki Yokoyama

（1）Monetary Policy under the Truman Administration －Policy Management of the Federal Reserve in the Pre-Accord Period－	Presenter Ph.D. Student, Keio University Yasuto Dobashi Discussant Matsuyama University Tatsuro Kakeshita
（2）The Downfall of Sterling as a Reserve Currency and the Sterling Agreements	Presenter Nagoya University Yuichi Kanai Discussant Waseda University Kazuhiko Yago

Law Lecture Room 1
Session: Monetary Policy 2
Chair Hiroshima University Takashi Senda

（1）Asymmetric Forecasting in Real-time Learning and the Taylor Rule	Presenter Kurume University Taro Ikeda Discussant Kobe University Teruyoshi Kobayashi
（2）Nominal Idiosyncratic Shocks and Optimal Monetary Policy	Presenter Kanagawa University Eisei Ohtaki Discussant Meisei University Keiichi Morimoto
（3）The Non-negative Constraint on Nominal Interest Rate and the Effects of Monetary Policy	Presenter Ph. D. Student, Kobe University Kohei Hasui Discussant Keio University Yuki Teranishi

Law Lecture Room 3
Session: Market Analysis
Chair Aichi Gakuin University Shigeru Uchida

（1）An Investigation of Housing Affordability in the UK	Presenter University of Tsukuba Jun Nagayasu University of Stirling Alberto Montegnoli Discussant Musashi University Sanae Ohno
（2）Market Liquidity and Bank-dominated Corporate Governance: Evidence from Japan	Presenter Nagoya City University Hideaki Sakawa Kushiro Public University of Economics Masato Ubukata Ritsumeikan University Naoki Watanabe Discussant Kwansei Gakuin University Hiroyuki Aman
（3）Establishment of the Comprehensive Exchange from the Viewpoint of Commodity Futures	Presenter Dot Commodity, Inc. Naoaki Kurumada Rissho University Yasushi Hayashi Discussant Keio University Kazuhito Ikeo

＜ 11:30 – 12:30 ＞ Lunch

＜ 12:30 – 15:30 ＞
Conference Hall

Symposium: Historical Review of the BOJ Underwriting of Government Bonds in and after 1932: the Beginning, the Ending and the Outcome
Chair Hosei University Masayoshi Tsurumi

（1）What Did the Quiet Beginning Mean?: Changing Ways of Issuance of Government Bonds in 1932	Presenter Konan University Akira Ehiro
（2）How Much to Buy Government Bonds?: Views from the Syndicate Banks	Presenter Reitaku University Masanori Sato
（3）How Did It Restrain the Postwar Period?: The Treatment of War-Time Government Bonds and Hyper Inflation	Presenter Otsuma Women’s University Masanao Itoh Discussant Kwansei Gakuin University Hisashi Harui Meiji University Isao Suto Seijo University Yoshio Asai

Program committee

Yutaka Kurihara (Aichi University, Chair)
Yoshikazu Arai (Nanzan University)
Yuichi Kanai (Nagoya University)
Takeshi Kobayashi (Chukyo University)
Masanori Sato (Reitaku University)
Sadami Takaya (Kansai University)
Shin-Ichi Nishiyama (Tohoku University)
Yasushi Hayashi (Rissho University)
Seiichi Fujita (Kobe University)
Hideaki Murase (Gakushuin University)
Nobuyoshi Yamori (Nagoya University)
Yuichi Abiko (Kinki University)
Shigeru Uchida (Aichi Gakuin University)
Shigeto Kitano (Kobe University)
Masaya Sakuragawa (Keio University)
Takashi Senda (Hiroshima University)
Toshiki Jinushi (Kobe University)
Tadanobu Nemoto (Chuo University)
Takashi Hyodo (Yamaguchi University)
Shinichiro Maeda (Meijo University)
Junji Yano (Hiroshima University)
Kazuki Yokoyama (Nagoya City University)

Executive Committee

Yuichi Kanai (Chair)
Kanna Ito
Kenya Takaku
Nobuyoshi Yamori (Vice-Chair)
Ichihiro Uchida
Kei Tomimura
Yoshihiro Asai
Daisuke Koga
Masahiro Hashimoto
Ayako Ishizaka
Kazumine Kondo

Access to Higashiyama Campus, Nagoya University

http://www.nagoya-u.ac.jp/en/global-info/access-map/access/

http://www.nagoya-u.ac.jp/en/global-info/access-map/higashiyama/