THE JAPAN SOCIETY OF MONETARY ECONOMICS
2012 Spring Annual Meeting Program

Last updated date: March 27, 2012

May 19th, Saturday

<9:30~ > Registration:FrontEntrance of the 3rd Building

<10:00~12:15>

A (Room 341)
Panel Session: Economic Reconstruction after the Earthquake Disaster
  • Chair
  • Tohoku University
  • Shin-Ichi Nishiyama
(1)Reconstruction and Issues after Great East-Japan Earthquake Disaster
  • Presenter
  • Tohoku Fukushi University
  • Osamu Kamoike
(2)Tohoku Economy after the Disaster
  • Presenter
  • Bank of Japan
  • Kazuo Fukuda
(3)Credit Supply Issues for Reconstruction after the Earthquake Disaster
  • Presenter
  • Hosei University
  • Hideaki Hirata
  • Discussant
  • Hitotsubashi University
  • Iichiro Uesugi
  • Discussant
  • Kobe University
  • Toshiki Jinushi

<10:00~12:15>

B (Room 335)
Panel Session: The Causes of the Eurozone Debt Crisis
  • Chair
  • Gakushuin University
  • Junko Shimizu
(1)The Causes of the Eurozone Debt Crisis
  • Presenter
  • Keio University
  • Sahoko Kaji
(2)The Euro Experiment: Intra-regional Imbalances, Cross-border Banking,Sovereign Debt Restructuring, Structural Reform, an Financial Stability in a Currency Union
  • Presenter
  • Chuo University
  • Satoshi Koibuchi
(3)Risks in Policy Prescriptions for the European Sovereign-debt Crisis:
Muddling Through or Trapped in a Vicious Circle?
  • Presenter
  • JBIC
  • Toshiro Nishizawa
  • Discussant
  • Chuo University
  • Soko Tanaka
  • Discussant
  • Keio University
  • Takero Doi

<10:00~12:15>

C (Room 334)
Session: Commodity
  • Chair
  • Tama University
  • Hiroshi Usami
(1)Commodity Market and Excess Liquidity: An Investigation of Commodity Future Prices Using the Structural VAR
  • Presenter
  • Musashi University
  • Sanae Ohno
  • Musashi University
  • Tsutomu Chano
  • Discussant
  • Doshisha University
  • Shinichi Kitasaka
(2)Simulation Analysis on the Effect of Abatement or Elimination of Price Limits in View of Default Risk
  • Presenter
  • Tokyo Commodity Exchange, Inc
  • Mitsuhiro Onosato
  • Tokyo Commodity Exchange, Inc.
  • Hiroshi Yamaoka
  • Tokyo Commodity Exchange, Inc.
  • Kosuke Araki
  • Discussant
  • Tama University
  • Hiroshi Usami
(3)Influence of Oil Price on an African Oil Exporter: A Case of Nigeria
  • Presenter
  • Ph.D. Student (JSPS Research Fellow DC2),
    Kobe University
  • Kazue Demachi
  • Discussant
  • Musashi University
  • Sanae Ohno
D (Room 324)
Session: Finance
  • Chair
  • Aichi University
  • Yutaka Kurihara
(1)Corporate Bond Liquidity Spreads and Japanese Bank's Investments:
Compared with Old-New Two Financial Crises
  • Presenter
  • Aoyama Gakuin University
  • Yoko Shirasu
  • Discussant
  • Tokyo Keizai University
  • Yukihiro Yasuda
(2)The Impact of Cyclical Factors on Credit Ratings
  • Presenter
  • Ph.D. Student, Hitotsubashi University
  • Naoko Nemoto
  • Discussant
  • Keio University
  • Naoyuki Yoshino
(3)The Relationship between CDS, Bond and Stock
  • Presenter
  • Musashi University
  • Tsutomu Chano
  • Discussant
  • Chiba University of Commerce
  • Yasushi Yoshida
E (Room 326)
Session: Time-Series Analysis on Monetary and Fiscal Policy
  • Chair
  • Sophia University
  • Yosuke Takeda
(1)Taylor Rule or McCallum Rule for the Chinese Monetary Policy
  • Presenter
  • Ph.D. Student, Hitotsubashi University
  • Liu Jia
  • Discussant
  • Kwansei Gakuin University
  • Atsushi Tanaka
(2)Effects of Public Investment on Sectoral Private Investment: A Factor Augmented VAR Approach
  • Presenter
  • Kobe University
  • Takao Fujii
  • University of Marketing and Distribution Science
  • Masafumi Kozuka
  • Keio University
  • Kazuki Hiraga
  • Discussant
  • Daito Bunka University
  • Hiroshi Gunji
(3)Accounting for Relative Price Levels across Cities within Japan
  • Presenter
  • Surugadai University
  • Hidehiro Ikeno
  • Discussant
  • Aichi University
  • Ichihiro Uchida
F (Room 322)
Session: Means to Stabilize Financial System
  • Chair
  • Kinki University
  • Yuichi Abiko
(1)Mark-to-Funding Approach to Applying Mark-to-Market Valuation to Bank Loans
  • Presenter
  • Ph.D. Student, Saitama University
  • Hiroshi Nakazawa
  • Discussant
  • Nihon University
  • Hidetoshi Mitsui
(2)Problems and Prospects Regarding Deposit Insurance Systems
  • Presenter
  • Yokohama National University
  • Masahiko Takahashi
  • Discussant
  • Dokkyo University
  • Yoshihiko Saito
(3)The Incentive Problem in Public Offerings for BaselⅢ
  • Presenter
  • Ph.D. Student, Waseda University
  • Makoto Tsurusawa
  • Discussant
  • Kobe University
  • Wataru Takahashi
G (Room 323)
Session: Financial System and Money Flow
  • Chair
  • Hitotsubashi University
  • Hidenobu Okuda
(1)Dollarization Policy of Ecuador :The Present Situation and Viewpoints for the Future
  • Presenter
  • Embassy of Japan in Ecuador
  • Naotoshi Kinoshita
  • Rissho University
  • Yasushi Hayashi
  • Discussant
  • Institute for International Monetary Affairs
  • Kenichiro Matsui
(2)Effect of the Dematerialization of Securities; From the Aspects of the Minimizing Settlement Risk and Shifts of the Financial Flow
  • Presenter
  • Japan Securities Depository Center
  • Maki Kunai
  • Discussant
  • University of Tokyo
  • Hideki Kanda
(3)On the Behavior of Money Flows on the Real Side and the Financial Side in Hokkaido Prefecture
  • Presenter
  • Otaru University of Commerce
  • Toshiaki Kanzaki
  • Discussant
  • Yamagata University
  • Masaki Yamaguchi

<12:15~13:30>  Lunch

<13:30~15:45>

A (Room 341)
Panel Session: Macroprudence and the Central Bank:Macroprudential Perspective and Macroprudential Policy
  • Chair
  • Seijo University
  • Mahito Uchida
(1)
  • Presenter
  • Bank of Japan
  • Atsushi Miyanoya
(2)
  • Presenter
  • Japan Research Institute
  • Kenji Nishiguchi
(3)
  • Presenter
  • Hitotsubashi University
  • Hisashi Nakamura

<13:30~15:45>

B (Room 335)
Panel Session: The Philosophy of Tanzan Ishibashi: As a Financial Scholar and as the President of Rissho University 〔Jointly Organized by Rissho University〕
  • Chair
  • Rissho University
  • Makoto Hatano
(1)The Americans on Tanzan Ishibashi and Keynesianism
  • Presenter
  • Waseda University
  • Ikeo Aiko
(2)Liberalism of Tanzan Ishibashi
  • Presenter
  • Nihon University
  • Juro Teranishi
(3)Tanzan Ishibashi and Realism: From the Viewpoint of Rissho University
  • Presenter
  • Rissho University
  • Makoto Hayakawa

<13:30~15:45>

C (Room 334)
Session: Corporate Finance
  • Chair
  • Keio University
  • Takashi Kaneko
(1)The Protection of Workers' Claims and Liquidity Shortage
  • Presenter
  • University of Tokyo
  • Mariko Tanaka
  • Discussant
  • Senshu University
  • Hidehiko Ishihara
(2)Analysis of Leverage Dynamics: Comparing Public and Private Firms
  • Presenter
  • Ph.D. Student, Hitotsubashi University
  • Takashi Yoshida
  • Hitotsubashi University
  • Masaru Konishi
  • Discussant
  • Keio University
  • Yukitami Tsuji
(3)Determinants of Debt Structure: An Analysis Focusing on Asymmetric Information
  • Presenter
  • Keio University
  • Shintaro Tomita
  • Discussant
  • Tokyo University of Science
  • Takafumi Sasaki
D (Room 324)
Session: Empirical Analysis of Exchange Rates
  • Chair
  • Kobe University
  • Kentaro Iwatsubo
(1)The BOJ Interventions, Order Flow, and Financial Crisis
  • Presenter
  • Kyushu Sangyo University
  • Yushi Yoshida
  • Nagasaki University
  • Masayuki Susai
  • Discussant
  • Waseda University
  • Yoshihiro Kitamura
(2)Order Flows, Fundamentals and Exchange rates
  • Presenter
  • Kobe University
  • Kentaro Iwatsubo
  • Cass Business School
  • Ian W. Marsh
  • Discussant
  • Tsukuba University
  • Jun Nagayasu
E (Room 326)
Session: Topics on Japanese Financial Markets
  • Chair
  • University of Tokyo
  • Shin-ichi Fukuda
(1)Nondivergent Rational Bubbles in the Japanese Stock Market?
  • Presenter
  • Ph.D. Student, Kobe University
  • Hiroyuki Watanabe
  • Discussant
  • Kinki University
  • Takeshi Hoshikawa
(2)Exchange Rate Changes and Trade Balance: A Unifying Framework for Generalized Marshall-Lerner Condition and J-Curve Effect”
  • Presenter
  • Meiji Gakuin University
  • Mitsuaki Okabe
  • Discussant
  • Aichi University
  • Yutaka Kurihara
F (Room 322)
Session: Development and Finance
  • Chair
  • Japan Research Institute
  • Satoshi Shimizu
(1)The Role of FDI in Local Financial Development in Post-Reform China:Evidence from Panel Data
  • Presenter
  • Waseda University
  • Masanori Ohkuma
  • Ph.D. Student, Waseda University
  • Ruidong Gao
  • Aichi Gakusen University
  • Koichiro Iwamoto
  • Chongqing University
  • Xin Liu
  • Discussant
  • Waseda University
  • Yoshiaki Ogura
(2)Multiplier Effect of Remittances on Domestic Industry :Case Study of Mexico Using I/O(Input- output) Tables
  • Presenter
  • Institute for International Monetary Affairs
  • Kenichiro Matsui
  • Discussant
  • Hitotsubashi University
  • Hidenobu Okuda

<16:00~17:00> Invited Lecture

H Ishibashi Tnazan Memorial Auditorium
  • Chair
  • Keio University
  • Naoyuki Yoshino
  • Speaker
  •   Commissioner, Financial Services Agency
  • Ryutaro Hatanaka
Current State of Financial Supervision

<17:10~18:10> General Meeting

H Ishibashi Tnazan Memorial Auditorium

<18:30~20:30> Reception

May 20th, Sunday

<9:30~    >  Registration: Front Entrance of the 3rd Building

<10:00~12:30>

H     Ishibashi Tnazan Memorial Auditorium
Panel Session: Financial Cooperation in Northeast Asia after the Financial Crisis
  • Chair
  • Hiroshima University
  • Junji Yano
(1)
  • Presenter
  • East China Normal University
  • Huang Zemin
(2)
  • Presenter
  • Korea Institute of Finance
  • Dong-Hwan Kim
(3)
  • Presenter
  • Hitotsubashi Uniersity
  • Yoshinori Shimizu
  • Discussant
  • Hitotsubashi University
  • Eiji Ogawa
  • Discussant
  • Kobe University
  • Takuji Kinkyo

<10:00~12:15>

B (Room 335)
Session: Financial Institutions
  • Chair
  • Waseda University
  • Fumihiko Hiruma
(1)Relationship Banking in Labor Bank
  • Presenter
  • Okayama University
  • Satoshi Mimura
  • Discussant
  • Yokohama City University
  • Tsuguo Fujino
(2)Did Bank Consolidations Make Improvement of Efficiency? An Evidence from Regional Banks
  • Presenter
  • Ph.D. Student, Hitotsubashi University
  • Lang Ling
  • Discussant
  • Ritsumeikan University
  • Kozo Harimaya
(3)Competitiveness of Japanese Megabanks in Chinat
  • Presenter
  • Yamagata University
  • Masaki Yamaguchi
  • Discussant
  • Takushoku University
  • Nobuo Yamamura
C (Room 334)
Session: International Finance
  • Chair
  • Kobe University
  • Seiichi Fujita
(1)Are Consistent Pegs Really More Prone to Currency Crises? An Analysis Using Matching Estimators
  • Presenter
  • Kobe City University of Foreign Studies
  • Taro Esaka
  • Discussant
  • The Research Institute of Economy,
    Trade and Industry
  • Taisuke Uchino
(2)Regional Inflation and Industrial Structure in Monetary Union
  • Presenter
  • Tsukuba University
  • Jun Nagayasu
  • Discussant
  • Osaka University of Economics
  • Yukio Fukumoto
(3)Lessons from Past Crisis Experience and Its Lessons to Asia:Banking Behavior and Asset Bubble
  • Presenter
  • Keio University
  • Naoyuki Yoshino
  • Financial Institute
  • Tomoya Nakamura
  • Financial Institute
  • Yoshitaka Sakai
  • Discussant
  • Kobe University
  • Wataru Takahashi
D (Room 324)
Session: Financial History
  • Chair
  • Reitaku University
  • Masanori Sato
(1)Establishment of the Bank of Amsterdam and Imaginary Money in the Early Dutch Republic
  • Presenter
  • Ph.D. Student, Nagoya University
  • Masahiro Hashimoto
  • Discussant
  • Bank of Japan
  • Masato Shizume
(2)A Comparative Study of Mergers of Pioneering Regional Banks; Cases of Dai-Ichi Godo Bank and Geibi Bank in Taisho Era
  • Presenter
  • Ph.D. Student, Okayama University
  • Yoshio Takahashi
  • Discussant
  • University of Kitakyushu
  • Yurio Mukai
E (Room 326) 
Session: Empirical Analyses of Finance
  • Chair
  • Meiji University
  • Takayoshi Kitaoka
(1)Return and Volatility Spillovers between Japanese and Chinese Stock Markets: An Analysis of Overlapping Trading Hours with High-frequency Data
  • Presenter
  • University of International
    Business and Economics
  • Yusaku Nishimura
  • Osaka University
  • Yoshiro Tsutsui
  • Kwansei Gakuin University
  • Kenjiro Hirayama
  • Discussant
  • Waseda University
  • Jun Uno
(2)What Determines CDS Premium? Simultaneous Equation System Approach
  • Presenter
  • Development Bank of Japan
  • Daisuke Miyazawa
  • Nihon University
  • Shuji Watanabe
  • Discussant
  • Hitotsubashi University
  • Tatsuyoshi Okimoto
(3)The Seasonal Effect in the Foreign Exchange Rate
  • Presenter
  • Ph.D. Student, Rissho University
  • Tetuya Utashiro
  • Discussant
  • Tokyo Keizai University
  • Masao Kumamoto

<12:15~13:30>  Lunch

<13:30~14:40>

H     Ishibashi Tnazan Memorial Auditorium
Symposium: Restructuring of the Regulatory Regime after the 2007-09 Financial Crisis”
  • Chair
  • Keio University
  • Kazihito Ikeo
(1)Global Regulatory Reform after the Lehman Shock
  • Presenter
  • Bank of Japan
  • Hiromi Yamaoka
(2)Recent Developments of and Arguments on Financial Regulation in the U. S. and the U. K.: Focusing on the Implementation of the Dodd-Frank Act
  • Presenter
  • University of Tokyo
  • Shinsaku Iwahara
(3)A Macroeconomic Remark on Stringent Capital Requirements
  • Presenter
  • Hitotsubashi University
  • Makoto Saito
(4)Tide of Regulations and Bank Behavior
  • Presenter
  • Mizuho Securities
  • Kenji Fujii

Closing Remarks

Rissho University  Yasushi Hayashi


Program committee

  • Takashi Misumi (Hitotsubashi University, Chair)
    Seiichi Fujita (Kobe University)
    Yasushi Hayashi (Rissho University)
    Takayasu Ito (Niigata University)
    Toshiki Jinushi (Kobe University)
    Takayoshi Kitaoka (Meiji University)
    Jun Maeda (The University of Kitakyushu)
    Eiji Ogawa (Hitotsubasih University)
    Masanori Sato (Reitaku University)
    Atsushi Tanaka (Kwansei Gakuin University)
    Nobuyoshi Yamori (Nagoya University)
  • Yuichi Abiko (Kinki University)
    Shin-ichi Fukuda (University of Tokyo)
    Fumihiko Hiruma (Waseda University)
    Kentaro Iwatsubo (Kobe University)
    Takashi Kaneko (Keio University)
    Yutaka Kurihara (Aichi University)
    Fumiharu Mieno (Kobe University)
    Hidenobu Okuda (Hitotsubashi University)
    Yosuke Takeda (Sophia University)
    Mahito Uchida (Seijo University)
    Naoyuki Yoshino (Keio University)

Preparatory Committee (Rissho University)

  • Yasushi Hayashi (Chair)
  • Jiro Obata
  • Masayuki Keida
  • Tetsuya Utashiro

Access to Osaki Campus, Rissho University

http://www.ris.ac.jp/en/access/index.html