The program of the 2014 Spring Annual Meeting

THE JAPAN SOCIETY OF MONETARY ECONOMICS
2014 Spring Annual Meeting Program

Last updated:

, Saturday

- > Registration:1st Floor of West School Building, Mita Campus

-

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

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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

- > Lunch

-

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

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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

- > Invited Lecture

West School Building Hall
  • Chair
  • Sophia University
  • Yosuke Takeda
  • Speaker
  • University of Tokyo
  • Kazuo Ueda

Theory and Recent Central Bank Experience

- > General Meeting

West School Building Hall

- > Reception

East Research Building Hall, Mita Campus

, Sunday

- > Registration:1st Floor of West School Building, Mita Campus

-

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

- > Lunch

-

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)

Executive Committee

  • Naoyuki Yoshino (Chair)
  • Kazuhito Ikeo
  • Yukitami Tsuji
  • Takashi Kaneko
  • Shintaro Tomita
  • Masaya Sakuragawa
  • Yasunori Fujita
  • Shuhei Shiozawa
  • Wako Watanabe