The program of the 2018 Spring Annual Meeting

THE JAPAN SOCIETY OF MONETARY ECONOMICS
2018 Spring Meeting Program

Last updated:

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Venue F: Building No.10 2nd F 10203rd Room
Panel Session: Financial History
The Underwriting of Government Bonds by the BOJ and Trading of Them by Banks
  • Chair
  • Reitaku University
  • Masanori Sato
(1)Review of the Research on the Functions of Government Bonds Trading Market in Prewar Japan
  • Presenter
  • Konan University
  • Akira Ehiro
(2)The Underwriting of Government Bonds and Transactions of Them by the BOJ
  • Presenter
  • Reitaku University
  • Masanori Sato
(3)The Wartime Financial Control and the Big Six Banks Investment in Government Bonds
  • Presenter
  • Tokio Marine Asset Management Co. Ltd.
  • Kenichi Hirayama
  • Discussant
  • Nihon University
  • Makoto Kishida

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Venue A: Building No.10 2nd F 10213rd Room
Session: Monetary Policy under Zero Interest Rates and Low Inflation: Measurement and Theory
  • Chair
  • Sophia University
  • Yosuke Takeda
(1)Estimation of Probabilities of Deflation and Price Target Achievement Using Market and Economic Data
  • Presenter
  • University of Tokyo
  • Tomonori Yuyama
  • Keio University
  • Soichiro Moridaira
  • Discussant
  • Chuo University
  • Toyoharu Takahashi
(2)Estimation of DSGE Models with Shadow Rate
  • Presenter
  • Ph.D. Student, Kobe University
  • Rui Wang
  • Discussant
  • Hiroshima City University
  • Kenya Takaku
(3)Robust Monetary Policy and Trend Inflation
  • Presenter
  • Matsuyama University
  • Kohei Hasui
  • Discussant
  • Senshu University
  • Kengo Nutahara
Venue B: Building No.10 2nd F 10214th Room
Session: Currency Exchange and International Currency
  • Chair
  • Musashino University
  • Mariko Tanaka
(1)Exchange Rate Pass-Through and Export Competitiveness
  • Presenter
  • Yokohama National University
  • Kiyotaka Sato
  • Gakushuin University
  • Junko Shimizu
  • Ph.D. Student, Yokohama National University
  • Uraku Yoshimoto
  • Discussant
  • Kobe City University of Foreign Studies
  • Taro Esaka
(2)The Impact of Exchange Rate Shocks on Trade in Times of Uncertainties: Evidence from Three Oil-Importing Countries in MENA
  • Presenter
  • University of Tunis
  • Brahim Guizani
  • Discussant
  • Musashino University
  • Mariko Tanaka
(3)What Determines Safe Haven Currency?
  • Presenter
  • Bloomberg L.P.
  • Yuki Masujima
  • Discussant
  • University of Tokyo
  • Shin-ichi Fukuda
Venue C: Building No.10 2nd F 10215th Room
Session: Banking Sector and Macroeconomic Policies
  • Chair
  • Senshu University
  • Hidehiko Ishihara
(1)Macroeconomic Influences of Counter-Cyclical Capital Regulation Rules in a DSGE Model
  • Presenter
  • Ph.D. Student, Nagoya University
  • Yoshiaki Sato
  • Discussant
  • Komazawa University
  • Masataka Eguchi
(2)Retail Bank Rates, Bank Lending and Monetary Policy in the Euro Area
  • Presenter
  • Kobe University
  • Agata Wierzbowska
  • Discussant
  • Gakushuin University
  • Kaoru Hosono
Venue D: Building No.10 3rd F 10314th Room
Session: Regional Financial Institutions
  • Chair
  • Hitotsubashi University
  • Masaharu Hanazaki
(1)The Relationship between Bank Loan Rate and Regional Financial Competitiveness in Japan
  • Presenter
  • Ph.D. Student, Saitama University
  • Toshihiro Sugiyama
  • Discussant
  • Kyoto Sangyo University
  • Tomoyoshi Terasaki
(2)Measurement Index of SME Management Guidance Ability by Regional Financial Institutions
  • Presenter
  • Ph.D. Student, Kyoto University
  • Kiyotsugu Yoshihara
  • Discussant
  • Shimonoseki City University
  • Yuji Mori
(3)The Future Image of Regional Banks
  • Presenter
  • Kansai Gaidai University
  • Yasuhiro Horie
  • Fukuoka University
  • Ritsuko Arioka
  • Discussant
  • Tokyo International University
  • Takanori Kamibayashi
Venue E: Building No.10 3rd F 10315th Room
Session: Asia and China
  • Chair
  • Nagoya City University
  • Kazuyuki Inagaki
(1)An Event History Analysis of P2P Lending Platform in China
  • Presenter
  • Tokushima Bunri University
  • Tomokuni Mizunoue
  • Tokushima University
  • Zhao Tong
  • Discussant
  • Meiji Gakuin University
  • Yan Zhang
(2)Establishment of Asian Infrastructure Investment Bank: Background and China’s Strategy
  • Presenter
  • University of International Business and Economics
  • Yusaku Nishimura
  • Discussant
  • Kyoto University
  • Fumiharu Mieno
(3)Integration of Japanese and Asian Financial Markets -Deepening of Asian Banking through Japanese Banks Entry-
  • Presenter
  • Institute for International Monetary Affairs
  • Mitsuru Yaguchi
  • Institute for International Monetary Affairs
  • Ayako Yamaguchi
  • Kyoto Tachibana University
  • Koji Sakuma
  • Discussant
  • University of Tokyo
  • Masahiro Kawai

- > Lunch

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Venue F: Building No.10 2nd F 10203rd Room
Panel Session: Twenty Years after the Enforcement of the New Bank of Japan Act
  • Chair
  • Nikko Research Center
  • Hirohide Yamaguchi
(1)Central Bank Independence -- a Legal Perspective
  • Presenter
  • Gakushuin University
  • Hideki Kanda
(2)Central Bank Independence under a Changing Environment and the Bank of Japan
  • Presenter
  • Osaka University of Economics
  • Wataru Takahashi
(3)The Structural Change of Japanese Politics and its Impact on Monetary Policy
  • Presenter
  • Jiji Press
  • Kensuke Karube

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Venue A: Building No.10 2nd F 10213rd Room
Session: International Capital Flows and Trade
  • Chair
  • Atomi University
  • Yukie Sakuragawa
(1)Current Account Dynamics under Information Rigidity and Imperfect Capital Mobility
  • Presenter
  • Kyoto University
  • Akihisa Shibata
  • University of Tokyo
  • Mototsugu Shintani
  • Osaka University
  • Takayuki Tsuruga
  • Discussant
  • Hitotsubashi University
  • Takashi Kano
(2)Global Interest Rates and Financial Flows
  • Presenter
  • Tohoku University
  • Jun Nagayasu
  • Discussant
  • Nagoya City University
  • Kazuyuki Inagaki
(3)The Effects of Age Structure on Trade Openness by Geographic Region
  • Presenter
  • Osaka University of Economics
  • Yukio Fukumoto
  • Kobe University
  • Tomoko Kinugasa
  • Discussant
  • Tokyo International University
  • Makoto Shimizu
Venue B: Building No.10 2nd F 10214th Room
Session: Japanese Stock Market and ETF
  • Chair
  • Aoyama Gakuin University
  • Yoko Shirasu
(1)Asymmetric Information and Market Liquidity in Japanese Stock Market
  • Presenter
  • Ph.D. Student, Doshisha University
  • Soya Matsumoto
  • Discussant
  • Japan Exchange Group, Inc.
  • Masaru Wakiya
(2)The Effect of BOJ's Purchases of ETFs on Firms' Return
  • Presenter
  • Daito Bunka University
  • Hiroshi Gunji
  • Tokoha University
  • Kazuki Miura
  • East China Normal University
  • Yuan Yuan
  • Discussant
  • Saitama University
  • Takeshi Osada
(3)BOJ’s ETF Purchasing Policy and Event Study Analysis on an Addition to and a Subtraction from Nikkei 225
  • Presenter
  • Chuo University, Australian National University
  • Kimie Harada
  • Discussant
  • Japan Center for Economic Research
  • Ikuko Samikawa
Venue C: Building No.10 2nd F 10215th Room
Session: Money and Finance in Various Countries
  • Chair
  • Senshu University
  • Takahiko Watanabe
(1)Is the Receipt of the Bank of Amsterdam a Bank Note?
  • Presenter
  • Tezukayama University
  • Masahiro Hashimoto
  • Discussant
  • Gakushuin Women's College
  • Aki Kinjo
(2)The Role of Informal Credit Channel in Developing Countries ―The Case of Vietnam―
  • Presenter
  • Asia Pacific Institute of Research
  • Cao Thi Khanh Nguyet
  • Discussant
  • Yamagata University
  • Masaki Yamaguchi
(3)Typology of Bahraini / Indonesian Islamic Venture Capital
  • Presenter
  • Ritsumeikan Asia Pacific University
  • Yasushi Suzuki
  • Ritsumeikan Asia Pacific University
  • A.K.M. Kamrul Hasan
  • Discussant
  • Institute of Developing Economies, Japan External Trade Organization
  • Jun Saito
Venue D: Building No.10 3rd F 10314th Room
Session: Corporate Finance
  • Chair
  • Hitotsubashi University
  • Hideyuki Takamizawa
(1)Competitive Position and Cash Holdings
  • Presenter
  • Ph.D. Student, Waseda University
  • Cai Yue
  • Discussant
  • Hitotsubashi University
  • Yukihiro Yasuda
(2)Financial Crisis and Credit Facility: Commitment Line versus Overdraft
  • Presenter
  • Ph.D. Student, Hitotsubashi University
  • Tomohito Honda
  • Discussant
  • Chuo University
  • Satoshi Koibuchi
(3)Broadly Defined Investment and Shareholder Value Orientation
  • Presenter
  • Ph.D. Student, Hitotsubashi University
  • Tetsuya Hada
  • Discussant
  • Waseda University
  • Shinichi Hirota

- > Invited Lecture

Venue: Building No.10 3rd F 10301st Room
  • Chair
  • Hitotsubashi University
  • Masaharu Hanazaki
  • Speaker
  • Vice Minister for International Affairs, Financial Services Agency
  • Ryozo Himino
Japan's contributions to the global regulatory reforms

- > General Meeting

Venue: Building No.10 3rd F 10314th Room

- > Reception

Venue: Building No.10 4th F 10314th Restaurant

, Sunday

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Venue F: Building No.10 2nd F 10203rd Room
Panel Session: International Finance
International Settlement and Remittance: Current Situation and Future Vision
  • Chair
  • University of Tokyo
  • Noriyuki Yanagawa
(1)Foreign Exchange Settlement Risk and the Role of CLS Bank
  • Presenter
  • Reitaku University
  • Masashi Nakajima
(2)SWIFT global payments innovation (gpi)
  • Presenter
  • MUFG Bank
  • Hiroshi Nakatake
(3)Next-Gen Payment Network Powered by Blockchain Technology
  • Presenter
  • SBI Ripple Asia
  • Takashi Okita

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Venue A: Building No.10 2nd F 10213rd Room
Session: Monetary Policy and Macro-Prudential Policy
  • Chair
  • Hitotsubashi University
  • Hisashi Nakamura
(1)Monetary Policy in Times of Uncertainties: Evidence from Three Oil-Importing Countries (OICs) in MENA
  • Presenter
  • University of Jendouba (Tunisia)
  • Brahim Guizani
  • Kobe University
  • Agata Wierzbowska
  • Discussant
  • Bank of Japan
  • Yosuke Kido
(2)Macroeconomic Effects of Quantitative and Qualitative Easing Measures
  • Presenter
  • Waseda University
  • Junko Koeda
  • Discussant
  • University of Tokyo
  • Ryuzo Miyao
(3)European Banking Union (EBU): Features, Prospects and International Aspects
  • Presenter
  • Kanazawa University
  • Hideki Sato
  • Discussant
  • Kobe University
  • Eva Hanada
Venue B: Building No.10 2nd F 10214th Room
Session: Government Bond Market and Fiscal Policy
  • Chair
  • Gakushuin University
  • Hideaki Murase
(1)Scarcity and Spotlight Effects on Term Structure: Quantitative Easing in Japan
  • Presenter
  • Goethe University
  • Loriana Pelizzon
  • New York University
  • Marti G. Subrahmanyam
  • Waseda University
  • Reiko Tobe
  • Waseda University
  • Jun Uno
  • Discussant
  • Nagoya University of Commerce and Business
  • Takeshi Kobayashi
(2)Pegged Regimes and Fiscal Discipline: Synthetic Control Methods
  • Presenter
  • Kobe City University of Foreign Studies
  • Taro Esaka
  • Kobe City University of Foreign Studies
  • Takao Fujii
  • Discussant
  • Hitotsubashi University
  • Etsuro Shioji
(3)Fiscal Confidence Shocks and the Market for the Japanese Government Bonds
  • Presenter
  • Hitotsubashi University
  • Etsuro Shioji
  • Discussant
  • Bank of Japan
  • Toshinao Yoshiba
Venue C: Building No.10 2nd F 10215th Room
Session: SMEs and Start-ups
  • Chair
  • Senshu University
  • Hiroyuki Seshimo
(1)The Effect of the Listing/Delisting Regulations on the Alteration of IPO firms
  • Presenter
  • Ph.D. Student, Hitotsubashi University
  • Nakajima Kan
  • Discussant
  • Hitotsubashi University
  • Suzuki Katsushi
(2)Credit Risk Analysis of Small and Medium Enterprise Finance Using Bank Account Information
  • Presenter
  • Asian Development Bank Institute
  • Naoko Nemoto
  • Asian Development Bank Institute
  • Naoyuki Yoshino
  • The Risk Data Bank of Japan, Ltd.
  • Yutaka Okubo
  • The Risk Data Bank of Japan, Ltd.
  • Daimei Inaba
  • The Risk Data Bank of Japan, Ltd.
  • Kentaro Yanagisawa
  • Discussant
  • Kobe University
  • Nobuyoshi Yamori
(3)Who is a Good Advisor for Entrepreneurs?
  • Presenter
  • Nanzan University
  • Yuta Ogane
  • Discussant
  • Hitotsubashi University
  • Iichiro Uesugi
Venue D: Building No.10 3rd F 10314th Room
Session: Variation of Financial Intermediation
  • Chair
  • Senshu University
  • Nobuyuki Teshima
(1)The Contribution to Financial System for the 2011 Tohoku Earthquake: Study of Non-Profitable Financial Function for Rural Community Recovery
  • Presenter
  • Ph.D. Student, Tohoku University
  • Hiroaki Takahashi
  • Discussant
  • Nihon University
  • Tomoko Aizawa
(2)Financing Models for the Need of Infrastructure Investment: Current Status and Perspective of Financing Infrastructure Development through the Public Private Partnership(“PPP”) Route
  • Presenter
  • Development Bank of Japan
  • Shigeki Wakabayashi
  • Discussant
  • Yamato University
  • Hideaki Fujiki
(3)Consumption Taxation on Finance by Assignment of Obligations
  • Presenter
  • Yokohama National University
  • Masahiko Takahashi
  • Discussant
  • Takushoku University
  • Tomohiko Takahashi

- > Lunch

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Venue F: Building No.10 2nd F 10203rd Room
Symposium: Reconsideration of the Recent Reforms in Global Financial Regulatory System
  • Chair
  • Rissho University
  • Kazuhito Ikeo
(1)Overview of Financial Regulatory Reform After the Financial Crisis
  • Presenter
  • Nomura Institute of Capital Markets Research
  • Kei Kodachi
(2)Perverse Effects of the Tough Financial Regulatory Regime After the Crisis --- Have Reforms Addressed Root Causes?
  • Presenter
  • Mizuho Securities
  • Atsushi Miyauchi
(3)The Backgrounds of International Banking Regulation and the Several Issues on Basel Ⅲ
  • Presenter
  • Meiji Gakuin University
  • Yuri Sasaki
  • Discussant
  • Mitsubishi UFJ Financial Group
  • Sigeru Yoshifuji

Program Committee

  • Masaharu Hanazaki (Hitotsubashi University, Chair)
  • Kazuhito Ikeo (Rissho University)
  • Hidehiko Ishihara (Senshu University)
  • Kazuyuki Inagaki (Nagoya City University)
  • Mahito Uchida (Seijo University)
  • Yukie Sakuragawa (Atomi University)
  • Masanori Sato (Reitaku University)
  • Hiroyuki Seshimo (Senshu University)
  • Yoko Shirasu (Aoyama Gakuin University)
  • Hideyuki Takamizawa (Hitotsubashi University)
  • Yosuke Takeda (Sophia University)
  • Takayuki Tanaka (Senshu University)
  • Mariko Tanaka (Musashino University)
  • Nobuyuki Teshima (Senshu University)
  • Masashi Nakajima (Reitaku University)
  • Kunikazu Nagata (Kagoshima University)
  • Hisashi Nakamura (Hitotsubashi University)
  • Takashi Hyodo (Yamaguchi University)
  • Hideaki Murase (Gakushuin University)
  • Nobuyoshi Yamori (Kobe University)
  • Takahiko Watanabe (Senshu University)

Executive Committee

  • Takayuki Tanaka(Chair)
  • Takahiko Watanabe
  • Hidehiko Ishihara
  • Masanori Okura
  • Takashi Yamanaka
  • Yasuo Kofuji
  • Hiroyuki Seshimo
  • Nobuyuki Teshima
  • Koh Tohyama