The program of the 2015 Spring Annual Meeting

THE JAPAN SOCIETY OF MONETARY ECONOMICS
2015 Spring Annual Meeting Program

Last updated:

, Saturday

 -> Registration: 1st Floor of Building #1

 -  > Presidential Address

1st Floor, Forward Hall

“Local Currency Trade Settlement under the International Monetary System with the US Dollar as a Key Currency”
  • Speaker
  • Hitotsubashi University
  • Eiji Ogawa

 - 

A304 Room, Building #1

Panel Session: Financial History
“Which Financial Institution Did the Small Company of the City Make a Deal with? :Consideration by Aichi ken shōgyō meikan and Nagoya shōkō meikan”
  • Chair
  • Chiba University of Commerce
  • Hisahiko Saito
(1)The Relationship of Merchants and Banks in Nagoya in the 1920s
  • Presenter
  • Aichi University
  • Daisuke Hayakawa
(2)Business Relationship of Small Company and Financial Institution: Analysis by Nagoya shōkō meikan 1967
  • Presenter
  • Reitaku University
  • Masanori Sato
(3)Development of Relationship Banking in Small Business Lending: With a Focus on Competition against City Banks from 1970s onwards
  • Presenter
  • Meijo University
  • Daisuke Arai
  • Discussant
  • Hannan University
  • Toru Imajou
  • Discussant
  • Hosei University
  • Masayoshi Tsurumi

 - 

A305 Room, Building #1

Session: Financial Institutions Ⅰ
  • Chair
  • Hitotsubashi University
  • Masaru Konishi
(1)The Number of Bank Relationships and Small Business Bankruptcies
  • Presenter
  • PhD student, Nagoya University
  • Yuta Ogane
  • Discussant
  • Chuo University
  • Arito Ono
(2)Empirical Study on the Effect of the Capital Injection Policy
  • Presenter
  • Kyoto Tachibana University
  • Takanori Kondo
  • Discussant
  • Nagoya University
  • Katsutoshi Shimizu
(3)International Syndicated Loans and Japanese Regional Banks: Comparison between the First and Second Internationalization
  • Presenter
  • Yamagata University
  • Masaki Yamaguchi
  • Discussant
  • Senshu University
  • Takahiko Watanabe

A306 Room, Building #1

Session: International Finance Ⅰ
  • Chair
  • Kobe University
  • Kentaro Iwatsubo
(1)Industry-specific Exchange Rate Fluctuations, Japanese Exports and Financial Constraints: Evidence from Panel VAR Analysis
  • Presenter
  • PhD student, Yokohama National University
  • Shajuan Zhang
  • Discussant
  • Kobe City University of Foreign Studies
  • Taro Esaka
(2)On the Exchange Rate Variation - Asset Approach and Monetary Approach -
  • Presenter
  • Tokyo International University
  • Makoto Shimizu
  • Discussant
  • Osaka University of Economics
  • Yukio Fukumoto
(3)Paradox of Narrowing Current Account Deficit and Expansion of Net External Liabilities of the US
  • Presenter
  • Ryukoku University
  • Masaharu Takenaka
  • Discussant
  • Meiji University
  • Etsuko Katsu

A404 Room, Building #1

Session: Finance and Law
  • Chair
  • Tohoku University
  • Ayumu Sugawara
(1)Reconsidering "Extraterritorial Application" of Financial Laws
  • Presenter
  • Waseda University
  • Takashi Kubota
  • Discussant
  • Aichi University
  • Yutaka Kurihara
(2)Credit Risks Involved in Finance by Assignment of Obligations
  • Presenter
  • Yokohama National University
  • Masahiko Takahashi
  • Discussant
  • Waseda University
  • Takashi Kubota
(3)Laws and Finance - Introductory Note to Its Methodology
  • Presenter
  • Ritsumeikan University
  • Hisashi Ohgaki
  • Discussant
  • Seijo University
  • Tsutomu Muramoto

A405 Room, Building #1

Session: Open Macroeconomics
  • Chair
  • Tohoku University
  • Jun Nagayasu
(1)On the Role of Volatility in Prediction with Constant Gain Learning
  • Presenter
  • Kurume University
  • Taro Ikeda
  • Discussant
  • Yokohama City University
  • Yoshiyuki Nakazono
(2)What Investment Motive Does Tobin's q Affect?:A Bootstrap Granger Causality Approach
  • Presenter
  • University of Marketing and Distribution Sciences
  • Masafumi Kozuka
  • Kobe City University of Foreign Studies
  • Takao Fujii
  • Discussant
  • Meiji University
  • Ryokichi Chida
(3)Choice of Inflation Targeting: Some International Evidence
  • Presenter
  • International University of Japan
  • Makoto Kakinaka
  • Central bank of Uzbekistan
  • Shakhzod Ismailov
  • Tokyo University
  • Hiroaki Miyamoto
  • Discussant
  • Kwansei Gakuin University
  • Atsushi Tanaka

<12:10 - 13:40> Lunch

 - 

A304 Room, Building #1

Panel Session: Central Bank
“Two Years after the Introduction of the "Quantitative and Qualitative Monetary Easing(QQE)”
  • Chair
  • Osaka University of Economics
  • Wataru Takahashi
(1)
  • Presenter
  • Meiji University
  • Yasuyuki Iida
(2)
  • Presenter
  • Bank of Japan
  • Yutaka Harada
(3)
  • Presenter
  • BNP Paribas Securities (Japan) Limited
  • Ryutaro Kono
(4)
  • Presenter
  • Fujitsu Research Institute
  • Hideo Hayakawa

 - 

A305 Room, Building #1

Session: Insurance and Risk Management
  • Chair
  • Tokyo Keizai University
  • Noriyoshi Yanase
(1)The Prudential Regulation and its Scope of Life Insurance
  • Presenter
  • Waseda University
  • Tadayoshi Otsuka
  • Discussant
  • Capitas Consulting
  • Nobuyasu Uemura
(2)The Effects of Systematic Risk after Nuclear Accident: Evidence from Kalman Filter Methods
  • Presenter
  • Aoyama Gakuin University
  • Yoko Shirasu
  • Waseda University
  • Soichiro Moridaira
  • Tokyo Keizai University
  • Yasushi Yoshida
  • Discussant
  • International University of Japan
  • Haruyoshi Ito
(3)Moral Hazard Premium: Valuation of Moral Hazard under Diffusive and Jump Risks
  • Presenter
  • Hitotshubashi University
  • Hisashi Nakamura
  • Hitotsubashi University
  • Koichiro Takaoka
  • Hitotsubashi University
  • Takashi Misumi
  • Discussant
  • Yokohama National University
  • Katsumasa Nishide

A306 Room, Building #1

Session: Corporate Finance
  • Chair
  • Kyushu University
  • Kenji Iwata
(1)Internal Governance Mechanism and Payout Policy
  • Presenter
  • Ph.D. Student, Hitotsubashi University
  • Junyu Saito
  • Discussant
  • Toyo University
  • Toshinori Sasaki
(2)Empirical Analysis of the Hold-Up Problem in Debt Financing: Evidence from Japanese Listed Firms
  • Presenter
  • Ph.D. Student, Hitotsubashi University
  • Hiromichi Iwaki
  • Discussant
  • Waseda University
  • Yoshiaki Ogura
(3)Bank Relationships and Cash Holdings: Evidence from Japanese Firms
  • Presenter
  • Nagasaki University
  • Masayo Shikimi
  • Discussant
  • Tokyo University of Science
  • Takafumi Sasaki

A404 Room, Building #1

Session: Financial Institutions in Different Countries
  • Chair
  • Kyoto University
  • Fumiharu Mieno
(1)Interest Rates and Reserve Requirement as Policy Instruments: The Case of Indonesia
  • Presenter
  • PhD student, Hosei University
  • Yayoi Ogaki
  • Discussant
  • Hitotshubashi University
  • Hidenobu Okuda
(2)"Heterodox Perspectives on Islamic Prohibition of Riba and Gharar: Towards Transcending the Trend of Financialization"
  • Presenter
  • Ritsumeikan Asia Pacific University
  • Yasushi Suzuki
  • University of Nizwa
  • MD. Dulal Miah
  • Discussant
  • Waseda University
  • Toshiharu Kitamura
(3)On Modern Russian Banking System - Especially Its Structure
  • Presenter
  • Takushoku University
  • Nobuo Yamamura
  • Discussant
  • Ryukoku University
  • Krawczyk Mariusz Konrad

A405 Room, Building #1

Session: Regional and SME Finance
  • Chair
  • Yamaguchi University
  • Takashi Hyodo
(1)Effectiveness of Venture Finance Data
  • Presenter
  • PhD student Seijo University
  • Takayuki Fujikura
  • Discussant
  • Aichi University
  • Yutaka Kurihara
(2)The Proposal about the Financial Evaluation Method of the Small and Medium-Sized Enterprises by Financial Institutions
  • Presenter
  • PhD student Sakushingakuin University
  • Katsumi Anzai
  • Discussant
  • Kobe University
  • Nobuyoshi Yamori
(3)Management of Regional Financial Institutions in the Depopulating Society
  • Presenter
  • Kansaigaidai University
  • Yasuhiro Horie
  • Discussant
  • Fukuoka University
  • Ritsuko Arioka

- > Invited Lecture

1st Floor, Forward Hall

“On the Recent Financial Administration”
  • Chair
  • Keio University
  • Kazuhito Ikeo
  • Speaker
  • Commissioner, Financial Services Agency,
  • Kiyoshi Hosomizo

- > General Meeting

1st Floor, Forward Hall

 -  > Reception

1st Floor of Kiryo Kaikan

, Sunday

- > Registration: 1st Floor of Building #1

 - 

A304 Room, Building #1

Session: Market Analysis
  • Chair
  • Aoyama Gakuin University
  • Takeo Minaki
(1)A Gold Pricing and Its Structural Change for Demand and Supply
  • Presenter
  • Musashi University
  • Tsutomu Chano
  • Discussant
  • World Gold Council
  • Takahiro Morita
(2)Management Buyouts in Japan
  • Presenter
  • International University of Japan
  • Haruyoshi Ito
  • University of Hawaii
  • Eric L. Mais
  • Discussant
  • Tokyo Keizai University
  • Yasushi Yoshida
(3)Why Do International Stock Markets Co-move? Evidence from Accessible and Inaccessible Stocks in China
  • Presenter
  • University of International Business and Economics
  • Yusaku Nishimura
  • Konan University
  • Yoshihiro Tsutsui
  • Kwansei Gakuin University
  • Kenjiro Hirayama
  • Discussant
  • Fukuoka Women’s University
  • Yan Zhang

A305 Room, Building #1

Session: Financial Institutions Ⅱ
  • Chair
  • Chuo University
  • Eiji Okuyama
(1)Market Discipline and Forbearance Lending
  • Presenter
  • Kagoshima University
  • Kunikazu Nagata
  • Discussant
  • Kyushu Kyoritsu University
  • Yuji Mori
(2)Bank Competition, Ownership Structure and Risk Taking: Evidence from Japan
  • Presenter
  • Okayama University
  • Masanori Ohkuma
  • Kyushu Kyoritsu University
  • Yuji Mori
  • Discussant
  • Ritsumeikan University
  • Naoki Watanabe
(3)Are Bank Mergers Good News for Shareholders? The Effect of Bank Mergers on Client Firm Value
  • Presenter
  • International Christian University
  • Heather Montgomery
  • State University of New York
  • Yuki Takahashi
  • Discussant
  • Saitama University
  • Takeshi Osada

A306 Room, Building #1

Session: International Finance Ⅱ
  • Chair
  • Shiga University
  • Yushi Yoshida
(1)Causal Relationship between Onshore/offshore RMB and Interest Rate: An Empirical Study Using VAR Model
  • Presenter
  • Ph D student, Hitotsubashi University
  • Pengfei Luo
  • Discussant
  • Toyo University
  • Kentaro Kawasaki
(2)What Factors Determined CDS Spreads of Financial Institutions during the Financial Turmoil?
  • Presenter
  • Musashi University
  • Sanae Ohno
  • Discussant
  • Aichi University
  • Yutaka Kurihara
(3)Asymmetric Exchange Rate Pass-Through in Japanese Exports: Application of the Threshold Vector Autoregressive Model
  • Presenter
  • PhD student, Yokohama National University
  • Thi Ngoc Anh Nguyen
  • Yokohama National University
  • Kiyotaka Sato
  • Discussant
  • Hitotsubashi University
  • Etsuro Shioji

A404 Room, Building #1

Session: Chinese Finance
  • Chair
  • Kobe University
  • Takuji Kinkyo
(1)The Formation of Shadow Banking in China and Its Future Challenges
  • Presenter
  • Nomura Institute of Capital Market Research
  • Lirong Li
  • Discussant
  • Fukuoka Women’s University
  • Yan Zhang
(2)State Ownership, Government-affiliated Director, and Bank Profitability
  • Presenter
  • Hitotsubashi University
  • Ling Lang
  • Discussant
  • Fukuyama University
  • Yoshio Kojima
(3)What are They Talking about Shadow Banking in China
  • Presenter
  • Seijo University
  • Hiroshi Fukumitsu
  • Discussant
  • Osaka City University
  • Donming Wan

A405 Room, Building #1

Session: Monetary Macroeconomics
  • Chair
  • Tohoku University
  • Shin-ichi Nishiyama
(1)Currency Substitution and Monetary Policy Effects: The Case of Latin American Countries
  • Presenter
  • Fukushima University
  • Hisao Kumamoto
  • Tokyo Keizai University
  • Masao Kumamoto
  • Discussant
  • Seikei University
  • Masanori Ono
(2)The Role of Bank Capital Requirements in the Propagation of Monetary Policy
  • Presenter
  • Fukushima University
  • Shin Fukuda
  • Discussant
  • Yamagata University
  • Kenichi Tamegawa
(3)Macroeconomic Analysis of Relationship Lending
  • Presenter
  • Yamagata University
  • Kenichi Tamegawa
  • Discussant
  • Fukushima University
  • Hisao Kumamoto

 -  > Lunch

 - 

1st Floor, Forward Hall

Symposium: Japan's Current Account Balance: Current Situation and its Optimal Policy
  • Chair
  • Meiji Gakuin University
  • Yuri Sasaki
(1)
  • Presenter
  • Ministry of Finance, Tokyo University
  • Masatsugu Asakawa
(2)
  • Presenter
  • Shinsei Bank
  • Takako Masai
(3)
  • Presenter
  • Columbia University GRIPS
  • Takatoshi Ito
  • Discussant
  • Kobe University
  • Yoichi Matsubayashi
  • Asian Development Bank Institute
  • Naoyuki Yoshino

Program Committee

  • Toyoharu Takahashi (Chuo University, Chair)
  • Kenji Iwata (Kyushu University)
  • Kentaro Iwatsubo (Kobe University)
  • Mahito Uchida (Seijo University)
  • Eiji Okano (Nagoya City University)
  • Eiji Okuyama (Chuo University)
  • Osamu Kamoike (Tohoku Fukushi University)
  • Kentaro Kawasaki (Toyo University)
  • Masao Kumamoto (Tokyo Keizai University)
  • Masaru Konishi (Hitotsubashi University)
  • Yuri Sasaki (Meiji Gakuin University)
  • Masanori Sato (Reitaku University)
  • Ayumu Sugawara (Tohoku University)
  • Jun Nagayasu (Tohoku University)
  • Shin-ichi Nishiyama (Tohoku University)
  • Takashi Hyodo (Yamaguchi University)
  • Fumiharu Mieno (Kyoto University)
  • Takeo Minaki (Aoyama Gakuin University)
  • Yukihiro Yasuda (Hitotsubashi University)
  • Noriyoshi Yanase (Tokyo Keizai Iniversity)
  • Junji Yano (Tottori University of Environmental Studies)
  • Yushi Yoshida (Shiga University)

Executive Committee

  • Hiroshi Kamae(Chair)
  • Masaya Ishikawa
  • Yukihiro Yasuda
  • Noriyoshi Yanase
  • Taro Yokokawa
  • Yasushi Yoshida
  • Yuichi Watanabe