Meetings
May 24 , Saturday
< 9:30 – > Registration:1st Floor of West School Building, Mita Campus
<10:00-12:00>
A. West School Building, Room 517
Panel Session: International Monetary and Financial System from the IMF Viewpoint: The Post WWII Financial History
Chair Waseda University Kazuhiko Yago
(1)The Formation of IMF: Hidden Coordinate Axes before the Bretton Woods Conference | Presenter Otsuma Women’s University Masanao Itoh |
(2)Opening to Sterling Convertibility and International Liquidity | Presenter Hosei University Masayoshi Tsurumi |
(3)International Liquidity Problem in 1960s: Examining the Discussion in the Executive Board of IMF | Presenter Kokushikan University Yasutoshi Noshita Discussant Nihon University Makoto Kishida |
<10:00-12:00>
B. West School Building, Room 519
Session: Monetary Policy
Chair Tohoku University Shin-Ichi Nishiyama
(1)Effects of International Capital Flows on Monetary Policy in Japan | Presenter Ritsumeikan University Hideaki Ohta Discussant Tokyo Metropolitan University Hirokuni Iiboshi |
(2)Quantitative and Qualitative Monetary Easing Policy: Effects and Associated Risks | Presenter Japan Center for Economic Research Ikuko Samikawa-Fueda Discussant Fujitsu Research Institute Hideo Hayakawa |
(3)Long-run Effects of Money Growth on the Output Gap and Economic Growth | Presenter Waseda University Tomohiro Inoue Waseda University Shunsuke Shinagawa Daito Bunka University Eiji Tsuzuki Discussant Kyoto University Kazuo Mino |
C. West School Building, Room 526
Session: International Finance
Chair Musashi University Sanae Ohno
(1)Industry-Specific Real Effective Exchange Rates in East Asia | Presenter Ph.D. Student, Yokohama National University Shajuan Zhang Yokohama National University Kiyotaka Sato Gakushuin University Junko Shimizu Yokohama National University Nagendra Shrestha Discussant University of Tokyo Junko Koeda |
(2)Co-movements in Real Effective Exchange Rates: Evidence from the Dynamic Hierarchical Factor Model | Presenter University of Tsukuba Jun Nagayasu Discussant Gakushuin University Junko Shimizu |
(3)An Analysis of Foreign Exchange Intervention: Adopting a Simultaneous-Equation Tobit Model | Presenter Gakushuin University Junko Shimizu Gakushuin University Kentaro Akashi Ph.D. Student, Gakushuin University Masashi Murakoshi Discussant University of Tokyo Takatoshi Ito |
E. West School Building, Room 528
Session: Regional Finance and Finance in Foreign Countries
Chair Hitotsubashi University Iichiro Uesugi
(1)Determinants of Accessing, Obtaining Formal Credit and Formal Credit Constraint: Evidence from Vietnamese Small and Medium Enterprises | Presenter Ph.D. Student, Kobe University Cao Thi Khanh Nguyet Discussant Hitotsubashi University Hidenobu Okuda |
(2)Operation Areas and Profitability of Agricultural Cooperatives | Presenter Kansai Gaidai University Yasuhiro Horie Discussant Norinchukin Research Institute Yuriko Saito |
(3)Foreign Currency Loans by Regional Banks | Presenter Yamagata University Masaki Yamaguchi Discussant Kyushu Kyoritsu University Yuji Mori |
< 12:00 – 13:30 > Lunch
< 13:30 – 15:30 >
A. West School Building, Room 517
Panel Session: One Year after the Introduction of the “Quantitative and Qualitative Monetary Easing(QQE)”: An Interim Appraisal
Chair Keio University Kazuhito Ikeo
Part I: Reviews of the QQE: The Views of Economists and Market Participants
Part II: Prospects of the QQE: The Anticipated Effects and Risks
Presenter Bank of Tokyo-Mitsubishi UFJ Kazuto Uchida
Presenter University of Tokyo Tsutomu Watanabe
Presenter Morgan Stanley MUFG Securities Robert Alan Feldman
C. West School Building, Room 526
Panel Session: Financial Education and Financial Literacy
Chair Kobe University Nobuyoshi Yamori
(1)FSA’s Roles Regarding Financial and Economic Education | Presenter Financial Services Agency Tomoyuki Furusawa |
(2)CCFSI’s Roles Regarding Financial and Economic Education | Presenter Bank of Japan Yoshiki Tanji |
(3)Current Financial Education in Japan: A Survey Result | Presenter Kobe University Nobuyoshi Yamori Asian Development Bank Institute Naoyuki Yoshino Discussant Asian Development Bank Institute Naoyuki Yoshino |
< 13:30 – 15:30 >
B. West School Building, Room 519
Session: Market Analysis
Chair Gakushuin University Hideaki Murase
(1)Intraday Return and Volatility Spillover Mechanism from Chinese to Japanese Stock Market | Presenter University of International Business Yusaku Nishimura and Economics Konan University Yoshiro Tsutsui Kwansei Gakuin University Kenjiro Hirayama Discussant Kobe University Kentaro Iwatsubo |
(2)Liquidity and Efficiency in the Commodity Futures Markets | Presenter Kobe University Kentaro Iwatsubo Discussant Tokyo Keizai University Yasushi Yoshida |
(3)A Correlated Binominal Model for Bad News of Informed Trades: Evidence from the Lehman Shock | Presenter Ph.D. Student, Keio University Junichi Iwamoto Discussant Osaka University Katsuhiko Muramiya |
D. West School Building, Room 527
Session: Frontiers of Financial Analysis
Chair Konan University Yoshiro Tsutsui
(1)Promotion of the Choice of the Own House by the Innovation of the Financial Engineering: Through the Analysis of the Tenure Choice Action | Presenter Ph.D. Student, Kobe University Yuta Nakamura Discussant Doshisha University Hirofumi Ueda |
(2)What Kind of Person Purchases Financial Products at Bank Window?: Survey Analysis of Characteristics of Bank Users | Presenter Ph.D. Student, Hitotsubashi University Takanori Kondo Aoyama Gakuin University Yoko Shirasu Hitotsubashi University Takashi Misumi Discussant Waseda University Fumihiko Hiruma |
(3)An Empirical Analysis of Dividend Smoothing: Evidence from Japan | Presenter Ph.D. Student, Hitotsubashi University Junyu Saito Discussant Nagasaki University Satoru Yamaguchi |
E. West School Building, Room 528
Session: Financial Crisis and Bank Behavior
Chair Chuo University Satoshi Koibuchi
(1)Capital Requirements, Bank Behavior and Fair Value Accounting: Evidence from Japanese Commercial Banks | Presenter Ph.D. Student, Hitotsubashi University Karen Kai Lin Lai Hitotsubashi University Masaru Konishi Discussant Keio University Wako Watanabe |
(2)Debt Market Imperfection, Capital Structure and Investment: An Empirical Analysis through the Credit Supply Shock of 2008 in Japan | Presenter Ph.D. Student, Hitotsubashi University Hiromichi Iwaki Discussant Daito Bunka University Taisuke Uchino |
(3)The Contagion Effect in Foreign Bank’s Lending during a Crisis: Does Local Currency Market Development Promote Credit Stability? | Presenter Japan Center for Economic Research Yuki Masujima Discussant Chuo University Satoshi Koibuchi |
< 15:40 – 16:40 > Invited Lecture
West School Building Hall
Chair Sophia University Yosuke Takeda
Speaker University of Tokyo Kazuo Ueda
Theory and Recent Central Bank Experience
< 16:50 – 17:50 > General Meeting
West School Building Hall
< 18:00 – 20:00 > Reception
East Research Building Hall, Mita Campus
May 25 , Sunday
< 9:00 – > Registration:1st Floor of West School Building, Mita Campus
< 10:00 – 12:00 >
B. West School Building, Room 519
Session: New Developments of Chinese Finance
Chair Hiroshima University Junji Yano
(1)Chinese SWF’s Investment to Japanese Stock Market | Presenter University of Nagasaki Atsuji Ohara Discussant Soka University Miyuki Nakamura |
(2)Shadow Banking in China: An Analysis of Effects of BIS Guidelines, Monetary Policy and Capital Markets on Operation of Banks | Presenter Fukuyama University Yoshio Kojima Discussant Kobe University Takuji Kinkyo |
(3)China Concept Stock: Theory, History and Present Situation | Presenter Seijo University Hiroshi Fukumitsu Discussant Dokkyo University Shiping Tong |
C. West School Building, Room 526
Session: Macroeconomic Analysis
Chair Kyoto University Takayuki Tsuruga
(1)How Did Takahashi Korekiyo Rescue Japan from the Great Depression? | Presenter Kobe University Masahiko Shibamoto Waseda University Masato Shizume Discussant Hitotsubashi University Etsuro Shioji |
(2)Does Money Affect Output? A Case Study of Interwar Japan through the Narrative Approach on a Basis of Friedman and Schwartz’s Methodology | Presenter Bank of Japan Mariko Hatase Bank of Japan Takashi Nanjo Discussant Hitotsubashi University Masahiro Hori |
(3)Macroeconomic Policy for Stagflation | Presenter Yamagata University Kenichi Tamegawa Discussant Fukushima University Shin Fukuda |
D. West School Building, Room 527
Session: Issues of Banking and Finance
Chair Hitotsubashi University Masaharu Hanazaki
(1)Finance by Assignment of Obligations and Its Significance in the Financial System | Presenter Yokohama National University Masahiko Takahashi Discussant Reitaku University Masashi Nakajima |
(2)The Chartered Bank of India, Australia and China in New York(1902-1930) | Presenter Sapporo Gakuin University Masashi Kitabayashi Discussant Kumamoto Gakuen University Kenji Hiraoka |
(3)Overview of UK Junior ISA and Its Implication for Japan | Presenter Nomura Institute of Capital Markets Research Sachiko Miyamoto (Nomura Holdings) Discussant Waseda University Fumihiko Hiruma |
E. West School Building, Room 528
Session: Small Business Finance
Chair Kobe University Hirofumi Uchida
(1)Financial Competition and Startup Companies Failure | Presenter Ph.D. Student, Nagoya University Yuta Ogane Discussant Waseda University Yoshiaki Ogura |
(2)Empirical Analysis on Long-term Effect of the Public Credit Guarantee System of Japan | Presenter Ph.D. Student, Hitotsubashi University Takanori Kondo Discussant Mizuho Research Institute Arito Ono |
(3)Implications of Establishing Inventory and Accounts Receivable as Collateral: A Case Study | Presenter Kansai Gaidai University Aki Kinjo Discussant Kobe University Hirofumi Uchida |
< 12:00 – 13:30 > Lunch
< 13:30 – 16:30 >
West School Building Hall
Symposium: Five Years after the Lehman Shock: This Time Is Different
Chair University of Tokyo Shin-ichi Fukuda
(1)Why Are Crises Recurrent ? | Presenter Keio University Masaya Sakuragawa |
(2)Fiscal Crisis and Financial Crisis | Presenter Mizuho Research Institute Hajime Takata |
(3)Emerging Market and Contagion of Crisis | Presenter Asian Development Bank Institute Masahiro Kawai |
Program committee
Masaya Sakuragawa(Keio University, Chair)
Kazuhito Ikeo(Keio University)
Iichiro Uesugi(Hitotsubashi University)
Satoshi Koibuchi(Chuo University)
Yuri Sasaki(Meiji Gakuin University)
Yosuke Takeda(Sophia University)
Yoshiro Tsutsui(Konan University)
Masashi Nakajima(Reitaku University)
Masaharu Hanazaki(Hitotsubashi University)
Shin-ichi Fukuda(University of Tokyo)
Tatsuyoshi Miyakoshi(Hosei University)
Kazuhiko Yago(Waseda University)
Nobuyoshi Yamori(Kobe University)
Hidehiko Ishihara(Senshu University)
Hirofumi Uchida(Kobe University)
Naohisa Goto(University of Kitakyushu)
Shuhei Shiozawa(Keio University)
Yukitami Tsuji(Keio University)
Takayuki Tsuruga(Kyoto University)
Shin-Ichi Nishiyama(Tohoku University)
Takashi Hyodo(Yamaguchi University)
Takashi Misumi(Hitotsubashi University)
Hideaki Murase(Gakushuin University)
Junji Yano(Hiroshima University)
Naoyuki Yoshino(Asian Development Bank Institute)
Preparatory Committee
Executive Committee
Naoyuki Yoshino (Chair)
Kazuhito Ikeo
Yukitami Tsuji
Takashi Kaneko
Shintaro Tomita
Masaya Sakuragawa
Yasunori Fujita
Shuhei Shiozawa
Wako Watanabe