Review of Monetary and Financial Studies

English INDEX of the Society's Journal

INDEX

*You can download abstracts and full papers in vol. 29.

Review of Monetary and Financial Studies

Vol.39, March 2017

[Articles]

Does Employee Sovereignty Decrease Efficiency of Shinkin Banks?
Abstract(PDF) Full Paper in Japanese(PDF)
……………………………Tsutomu Chano and Yoshiro Tsutsui
The Impact of International Capital Inflows on Asset Price and Leverage in the US
Abstract(PDF) Full Paper in Japanese(PDF)
…………………………………………………………Satoshi Tobe
Overseas Transfer of Production and Simultaneous Holdings of Cash and Debt
Abstract(PDF) Full Paper in Japanese(PDF)
…………………………………………………Genichiro Okamoto

[Panel]

Economic Analysis of Persistent Zero Nominal Interest Rate
 Full Paper in Japanese(PDF)
………………………………………………Masaya Sakuragawa
On the Effects of a Negative Interest Rate Policy
 Full Paper in Japanese(PDF)
…………………………………………………………Yuzo Honda
A Legal Restrictions Theory of Negative Interest Rate Policy
 Full Paper in Japanese(PDF)
………………………………………………………Yosuke Takeda

Book Reviews] In Japanese(PDF)

  • Mori, Y. (Kazusaka, T.)
  • Horie, Y. (Muramoto, T.)
  • Mieno, F. (Suto, M.)
  • Muramoto, Y. (Miyamura, K.)
  • Asai, Y. (Yoshikuni, S.)
  • Ikeo, K. and S. Ohno (Minaki, T.)
  • Maeda, J. (Yamaguchi, M.)
  • Takaya, S. (Kurihira, Y.)
  • Capie, F. (Okubo, T.)

Review of Monetary and Financial Studies

Vol.38, March 2016

[Presidential Address]

Effects of the Global Financial Crisis and Exit Strategy of Quantitative Easing on East Asian Currencies
Abstract(PDF) Full Paper in Japanese(PDF)
……………………………………………………………Eiji Ogawa

[Articles]

The Effect of Bank Lending Behavior on Firm Financing
Abstract(PDF) Full Paper in Japanese(PDF)
…………………………………………………………Hiroaki Iwaki
A New Solution to the Equity Premium Puzzle and the Risk-Free Rate Puzzle
Abstract(PDF) Full Paper in Japanese(PDF)
………………………Hideaki Tamura and Yoichi Matsubayashi

Book Reviews] In Japanese(PDF)

  • Chano, T. (Kon, Y.)
  • Mizuho Research Institution (Mizuno, N.)
  • Ito, M. and Y. Asai (Kamikawa, T.)
  • Kanai, Y. (Sugawara, A.)
  • Suda, M. (Kitasaka, S.)
  • Nishimura, S., T. Suzuki, and A. Akagawa (Ito, M.)
  • Takeda, Y. and Y. Yajima (Ueda, K.)
  • Mimura, S. (Uchida, S.)
  • Hirayama, K. (Ikeo, K.)

Review of Monetary and Financial Studies

Vol.37, March 2015

[Articles]

Taylor Rule or McCallum Rule for China’s Monetary Policy
Abstract(PDF) Full Paper(PDF)
………………………………………………………………Cicely Liu
Debt Structure and Capital Structure
Abstract(PDF) Full Paper in Japanese(PDF)
…………Shintaro Tomita, Naoshi Ikeda, and Yukitami Tsuji
How Do Bank Mergers Affect Monetary Policy?
Abstract(PDF) Full Paper in Japanese(PDF)
…………………………………………………Yasuhiro Yamamoto
What Kind of People Purchase Financial Products at Bank?
Abstract(PDF) Full Paper in Japanese(PDF)
…………Takanori Kondo, Yoko Shirasu, and Takashi Mitsumi

Book Reviews] In Japanese(PDF)

  • Teranishi, J. (Ito, O.)
  • Tatebe, M. (Kakeshita, T.)
  • Shimamura, T. (Makajima, M.)
  • Okada, Y. (Sato, T.)
  • Yoshikuni, S., E. Ogawa, and H. Harui (Hoshino, K.)
  • Maeda, S. (Hiruma, F.)
  • Oritani, Y. (Abiko, Y.)

Review of Monetary and Financial Studies

Vol.36, April 2014

[Articles]

Japan in the Global Financial Crisis
Abstract(PDF) Full Paper in Japanese(PDF)
………Satoshi Koibuchi, Masaya Sakuragwa, Kimie Harada, Takeo Hoshi, and Kaoru Hosono
Empirical Analysis of the Influence of “ The Act on Temporary Measures to Facilitate Financing for Small and Medium-Sized Enterprises” on Corporate Financing in Japan
Abstract(PDF) Full Paper in Japanese(PDF)
……………………………………………………………Takanori Kondo
The Introduction of the Shared Systems in Japanese Regional Banks and its Effects on the Banking Business
Abstract(PDF) Full Paper in Japanese(PDF)
…………………………………………………………Yoshikazu Yamaoki
Financing Decisions and Target Behavior
Abstract(PDF) Full Paper in Japanese(PDF)
……………………………………………………………Masayo Shikimi

Book Reviews] In Japanese(PDF)

  • Uebayashi, S.(Tanaka, A.)
  • Watanabe, S.(Kumakura, S.)
  • Gonjo, Y.(Uchida, M..)
  • Harui, H.(Kanai, Y.)
  • Miyoshi, Y.(Chano, T.)
  • Oe, S.(Saito, H.)

Review of Monetary and Financial Studies

Special Issue, January 2014

Financial Problems on the Recovery from the Great Earthquake

Reconstruction Demand and Firm Performance
Abstract(PDF) Full Paper in Japanese(PDF)
…………………………Takayoshi Nakaoka and Hirofumi Uchida 3
Great East Japan Earthquake and Firms’ “Overlapping Debt Problem”
Abstract(PDF) Full Paper in Japanese(PDF)
…………… Iichiro Uesugi, Hirofumi Uchida, Arito Ono,Kaoru Hosono and Daisuke Miyakawa 17
New Methods of Lending and its Evaluation for Tohoku Disaster Area: Introduction of Social Finance for Economic Sustainability
Abstract(PDF) Full Paper in Japanese(PDF)
……………………………………………………… Yuki Masujima 37
Causal Relations between Bank Loans and Business Conditions in 6 Prefectures of the Tohoku Region: an Application of the Relative Power Contribution
Abstract(PDF) Full Paper in Japanese(PDF)
……………………………………………………… Tomoko Aizawa 59
Why Households Purchase Earthquake Insurance? Evidence from Japan after the Great East Japan Earthquake
Abstract(PDF) Full Paper in Japanese(PDF)
…… Ying Ying Jiang, Yoshihiro Asai and Souichiro Moridaira 77
Financial Function after Natural Disaster: Evaluating Recovering Process of Financial Function after 3:11 Disaster
Abstract(PDF) Full Paper in Abstract(PDF)
…………………………………………………………Kazuo Fukuda 93
A Study of the Industrial Revival of MinamiSanriku Town
Abstract(PDF) Full Paper in Japanese(PDF)
…………………………………………… Shinichi Ohkawaguchi 107
Foreign and Domestic Investor Behavior before and after the Great East Japan Earthquake
Abstract(PDF) Full Paper in Japanese(PDF)
……………………… Teruyuki Tamura and Akiko Kamesaka 125
The Cost Allocation between Ex-Ante Protective and Ex-Post Recovery Construcions, and the Construction Timing
Abstract(PDF) Full Paper in Japanese(PDF)
……………………………………………………Osamu Kamoike 137

Review of Monetary and Financial Studies

Vol.35, April 2013

[Articles]

The Structural Change of Balassa-Samuelson Effects in Japan in 1990s
Abstract(PDF) Full Paper in Japanese(PDF)
……………………………………………………… Shugo Yamamoto
Optimal Monetry Policy and a Safety Margin
Abstract(PDF) Full Paper in Japanese(PDF)
……………………………………………………………… Soichi Arai
Unobservability of Market Price and Positive First-day Return of IPO
Abstract(PDF) Full Paper in Japanese(PDF)
…………………………………………………………… Naoshi Ikeda
Japan’s Financial Intermediation in the 1940s
Abstract(PDF) Full Paper in Japanese(PDF)
………………………………………………… Kiyohito Utsunomiya

Book Reviews] In Japanese(PDF)

  • Okina, Y.(Shikano, Y.)
  • Kawanami, Y. and S. Maeda(Uchida, S.)
  • Kon, Y.(Yamori, N.)
  • Kamae, H.(Yonezawa, Y.)
  • Men, C.(Chen, Y.)
  • Hitotsubashi University Research Project of Policies for East Asia(Katsu, E.)

Review of Monetary and Financial Studies

Special Issue January 2013

Why Financial Crises Occur?
― Frontiers of Monetary and Financial Studies

Chapter 1  Bubbles and Financial Crises
…………………………………………… Masaya Sakuragawa 3
Chapter 2  Liquidity and Financial Crises
……………………………………………… Hidehiko Ishihara 35
Chapter 3  Financial Crises in Historical Perspective
………………………………………………… Masanao Itoh 61
Chapter 4  Banking Regulation before and after the 2007-09 Financial Crisis
………………………………………………… Kazuhito Ikeo 93
Chapter 5  Financial Crises, Bubbles, and Behavioral Finance
……………………………………………… Yoshiro Tsutsui 119
Chapter 6  Small-Business and Regional Finance under the Financial Crisis
…………………………………………… Nobuyoshi Yamori 141
Chapter 7  The U.S. Economy and the Financial Crisis
……………………… Yoichi Kawanami and Toshiki Jinushi 169
Chapter 8  The Financial Crisis and Global Imbalances
………………… Shin-ichi Fukuda and Yoichi Matsubayashi 199
Chapter 9  The Financial Crisis and the European Economies
…………………………………………………… Eiji Ogawa 223

Review of Monetary and Financial Studies

Vol.34, April 2012

[Articles]

The“Overlapping Debt Problem”from an Economics Point of View: Centered around the Problem for Firms
Abstract(PDF) Full Paper in Japanese(PDF)
…… Hirofumi Uchida, Ichiro Uesugi, Arito Ono, Kaoru Hosono and Daisuke Miyakawa 1
Financial Linkages and Business Cycles of Japan: An Analysis Using Financial Conditions Index
Abstract(PDF) Full Paper in Japanese(PDF)
…………………………………………………… Junichi Shinkai 28
Information Transmission between the U.S., Hong Kong, and Chiana’s Stock Markets during the Financial Crisis
Abstract(PDF) Full Paper in Japanese(PDF)
………………… Yusaku Nishimura, Bianxia Sun and Ming Men 44
Macroeconomics of Weak Corporate Governance: An Alternative Theory of Japan’s Lost Decade
Abstract(PDF) Full paper in English(PDF)
…………………………………………………… Hideaki Murase 64

Book Reviews]In Japanese(PDF)

  • Rajan, R. (Arioka, R.)
  • Kihara, T. (Okuda, H.)
  • Shibata, Y. (Shizume, M.)
  • Okamoto, T. and S. Youji (Maeda, N.)
  • Umeda, M.(Harui, H.)
  • Yamazaki, S.(Hotori, E.)
  • Muramoto, T. (Abiko, Y.)
  • Iwata, K. (Takeda, Y.)

Review of Monetary and Financial Studies

Vol.33, October 2011

[Articles]

Technical Efficiency of Regional Banks and Regional Economic Conditions in Japan
Abstract(PDF) Full Paper in Japanese(PDF)
…………………………………………………… Shun Yamamoto 1
The Effect of Academic Background on Household Portfolio Selection:
Evidence from Japanese Repeated Cross Section Data
Abstract(PDF) Full Paper in Japanese(PDF)
…………………………… Yukinobu Kitamura and Taisuke Uchino 24
The Substitutability between Private and Government Consumption
Abstract(PDF) Full Paper in Japanese(PDF)
……………………………………………………… Takao Fujii 46
Reform in the Institution of Securities Investment Trust for Mass Investors in the First Half of the Rapid Growth Rra: It's Contents and Results
Abstract(PDF) Full Paper in Japanese(PDF)
…………………………………………………… Keishi Shiratori 60

Book Reviews]In Japanese(PDF)

  • Yago, K. (Hatase, M.)
  • Marumo, T. (Fujiwara, K.)
  • Reinhart, C. and K.Rogoff(Sasaki, Y.)
  • Naito, A.(Noshimo, Y.)
  • Saito, Y. and Y. Shigeto(Hamada, K.)
  • Uchida, H.(Yasuda, Y.)

Review of Monetary and Financial Studies

Vol.32, April 2011

[Presidential Address]

On Fundamental Issues of Money and Bank Credits in the Macroeconomic Framework
Abstract(PDF) Full Paper in Japanese(PDF)
…………………………………………………… Hideo Fujiwara 1

[Articles]

Profitability of Scoring Lending
Abstract(PDF) Full Paper in Japanese(PDF)
……………………………… Ryo Hasumi and Hideaki Hirata 31
An Evaluation of Regional Financial Institutions by Switchinhg Costs
Abstract(PDF) Full Paper in Japanese(PDF)
……………………………………………… Takyoshi Nakaoka 54
The Effect of Yield Spreads on Increase in the Target Current Account Balance
Abstract(PDF) Full Paper in Japanese(PDF)
……………………………………………… Kunihiro Hanabusa 78

Book Reviews]In Japanese(PDF)

  • Chen, Y.(Kitamura, T.);Akiba, H., Y.Iida and Y.Kitamura (Matsubayashi, Y.);Kubo, H., (Kobayashi, T.);Tatebe, M.(Saito, Y.); Nemoto, N.(Uesugi, I.); Uzawa, and H.Takeda(Asai, Y.); Saito, Y. and T.Sudo(Uchida, M.)

Review of Monetary and Financial Studies

Vol.31, October 2010

[Articles]

Competition in the Japanese Life Insurance Industry
Abstract(PDF) Full Paper(PDF)
…………………………… Toshiyuki Souma and Yoshiro Tsutsui 1
Pledgeability and Credit Misallocation
Abstract(PDF) Full Paper in Japanese(PDF)
………………………………………………… Masataka Eguchi 20
The Effects of Monetary Policy on the Stock and Bond Markets
Abstract(PDF) Full Paper in Japanese(PDF)
……………………………………………………… Kohei Aono 32
Negative Impacts of Capital Injection Policies on the Capital Crunch
Abstract(PDF) Full Paper in Japanese(PDF)
………………………………………………… Takeshi Osada 49

[Short Papers]

Theory of Currency Basket
Abstract(PDF) Full Paper(PDF)
…………………………………………… Chikafumi Nakamura 69
Another Livedoor Shock?
Abstract(PDF) Full Paper in Japanese(PDF)
………………………………… Kazuki Miura and Hiroshi Gunji 75

Book Reviews]In Japanese(PDF)

  • Ogawa,E.(Miyakoshi,T.)
  • Yoshikawa,H.(Ogawa,K.)
  • Shizume,M.(Ide,E.)
  • Ito,M.(Kishida,M.)
  • Hosono,K.(Kitasaka,S.)
  • Hyashi, K.(Chen, Y.)
  • Sirosita, K. and H.Moriysasu(Okuyama, E.)

Review of Monetary and Financial Studies

Vol.30, April 2010

[Articles]

What Type of Firms Adopt Takeover Defense Measures?
Abstract(PDF) Full Paper in Japanese(PDF)
………………… Miho Takizawa, Kotaro Tsuru and Kaoru Hosono 1
Competition, Efficiency, and Deregulation in the Japanese Non-Life Insurance Industry
Abstract(PDF) Full Paper in Japanese(PDF)
…………………………… Makiko Anezaki and Tetsushi Homma 21
Estimating Macro-statistics of Inter-Institutional Flow of Funds
Abstract(PDF) Full Paper in Japanese(PDF)
………………………………………………… Masashi Manabe 42
Did the ETF Enhance Arbitrage between Cash and Futures of the Nikkei225?
Abstract(PDF) Full Paper in Japanese(PDF)
………………………………………………… Youki Kohsaka 63

Book Reviews]In Japanese(PDF)

  • Shirakawa, M.(Miyao, R.)
  • Tsutsui, Y. and Hirayama, K.(Suto, M.)
  • Hanazaki, M.(Hosono, K.)
  • Takaya, S.(Ogawa, E.)
  • Suto, I.(Sakamoto, T.)
  • Nagashima, Y.(Katsu, E.)
  • Ogawa, I.(Kurohane, M.)

Review of Monetary and Financial Studies

Vol.29 October 2009

[Articles]

An Investigation of Invoice Currencies using Japan’s Trade Statistics
Abstract(PDF) Full Paper in Japanese(PDF)
…………………………………………………… Masanori Ono 1
Financial Globalization in Developing and Emerging Market Countries
Abstract(PDF) Full Paper in Japanese(PDF)
………………………………………………… Takeshi Uesaka 27
Determinants of Share of risky assets in Japan
Abstract(PDF) Full Paper in Japanese(PDF)
…………………………… Yusuke Kinari and Yoshiro Tsutsui 46
Managerial Compensation Structure and Corporate Governance Mechanism in Japan
Abstract(PDF) Full Paper in Japanese(PDF)
………………………… Hideaki Sakawa and Naoki Watanabe 66

Book Reviews]In Japanese(PDF)

  • Horie, Y.(Abiko, Y.)
  • Morisawa, T.(Hirayama, K.)
  • Kondo, K.(Okuno, H.)
  • Okada, Y.(Sato, T.)
  • Yuri, M.(Hamada, Y.)
  • Ogawa, K.(Kitasaka, S.)
  • Sui, Q.-Y.(Noma, T.)

Review of Monetary and Financial Studies

Vol.28 April 2009

[Presidential Address]

Challenges in the Research Fields of Regional Finance
………………………………………………… Yoshiro Tsutsui 1

[Survey Paper]

Long-term Lending Relationship
…………………… Katsutoshi Shimizu and Nobuyoshi Yamori 23

[Articles]

Consolidation of Cooperative Banks (Shinkin) in Japan
………………… Koji Sakai, Kotaro Tsuru and Kaoru Hosono 47
Banking Sector and Regional Economic Growth
………………………… Chisako Yamane and Yoshiro Tsutsui 68

[short papers]

Corporate Governance of Japanese Regional Banks
…………………………………………………… Kei Tomimura 91
Consumer Finance and Business Lending
………………………………………………… Kazuhisa Kudo 100

[Book Reviews]

  • Fujiwara, H. (Shimizu,Y.)
  • Watanabe, T. and I. Uesugi (Masuda, Y.)
  • Okabe, M. (Yonezawa, Y.)
  • Yamagami, H. (Ogawa, E.)
  • Kumakura, S. (Tatebe, M.)
  • Yamaguchi, H. (Kiyota, T.)
  • Recent Textbooks in Monetary Economics (Sakuragawa, M.)

Review of Monetary and Financial Studies

Vol.27 October 2008

[Articles]

Debt Forgiveness during the “Lost Decade”: Impacts of the Industrial Revitalization Corporation of Japan
………………………………………………… Satoshi Koibuchi 1
Determinants of Business Cycle Comovement: Panel Data Analysis
……………………………………………………Taiyo Yoshimi 25
Why Watchdogs Sometimes Forget to Bark?
…………………………………………………… Hideaki Murase 47
Two Aspects of Financial System in the United States: Raison d'etre of Main Street Finance
……………………………………………………Satoshi Uchida 58

[Book Reviews]

  • Tsutsui, Y. and S. Uemura (Horie, Y.)
  • Ikeo, K. (Arai, Y.)
  • Nakahara, N. (Kanegae, T.)
  • Ono, A. (Murase, H.)

Review of Monetary and Financial Studies

Vol.26 April 2008

[Panel]

10 Years after the Asian Currency Crisis
………Eiji Ogawa, Takatoshi Ito, Masahiro Kawai, Masatsugu Asakawa 1

[Articles]

The Consolidation Effect in Efficiency for Japanese Securities Industry
……………………………………… Kozo Harimaya and Eiji Okuyama 27
Is a Housing Purchase an Investment for the Japanese Household?
……………………………………… Keiko Shimono and Hitoe Ueyama 41
The Effectiveness of Fiscal Policy in Japan
……………………………………………………………… Takao Fujii 63
How to Regulate the Forbearance Lending? An Incomplete Contract Model
………………………………………………………… Kenta Toyofuku 87

[Book Reviews]

  • Ito, T. and T. Hayashi (Hamada, K.)
  • Ogawa, K. (Jinushi, T.)
  • Tanaka, A. (Okabe, M.)
  • Miyajima, H. (Kofuji, Y.)
  • Yagi, Y. (Suzuki, K.)

Review of Monetary and Financial Studies

Vol.25 October 2007

[Presidential Address]

The End of Inflation
………………………………………………… Yoshinori Shimizu 1

[Articles]

A Study on Time Discounting Based on Experiments and An Inquiry Survey
……………………………… Fumihiko Hiruma, Shinsuke Ikeda 12
The Exchange Rate Pass-Through and the Current Account Adjustment Reconsidered
…………………………………………………… Shingo Iokibe 26
The Reality of Corporate Bond Market Development in East Asia
………………………………………………… Mamoru Nagano 49
Effects of Insider Trading on Formation of Stock Prices
………………………………………………… Yusuke Miyoshi 69

[Book Reviews]

  • Jinushi, T. (Shikano, Y.)
  • Takagi, H. (Okina, Y.)
  • Ninomiya, K. (Yoshida, H.)
  • Ueda, H. (Ninomiya, K.)
  • Masuda, Y. (Nemoto, T.)
  • Okada, Y. (Nezu, E.)
  • Mukai, J. (Kitahara, T.)

Review of Monetary and Financial Studies

Vol.24 March 2007

[Special Lecture]

Hovering Policies of Disposing Bankruptcy after Burst of Bubble Economy
…………………………………………… Yoshimasa Nishimura 2

[Articles]

Financial Instability, Cycle and Income Distribution in an Oligopolistic Economy
……………………………………………… Kenshiro Ninomiya 12
The Small Saving Tax Exemption and Household Asset Allocation
…………………………………………………… Shizuka Sekita 26
The Loan-Deposit Margins of Japanese Local Banks and Relationship Banking
………………………………………………… Shohei Ishibashi 49
The Influence of Real Estate Price and the Foreign Debts of Banks on Bank Lending in East Asia
……………………………………………… Masahiro Inoguchi 69

[Book Reviews]

  • Ueda, K. (Miyao, R.)
  • Miyao, R. (Hosono, K.)
  • Tsutsui, Y. (Okazaki, T.)
  • Rajan, R., Zingales, L. (Teranishi, J.)
  • Sakuragawa, M. (Murase, H.)
  • Fujiwara, K. (Konishi, M.)
  • Kamae, H. (Susai, M.)
  • Fukuda, S., Ogawa, E. (Shirai, S.)
  • Matsuura, K., Shiraishi, S. (Muramoto, T.)
  • Horie, Y. (Fujiwara, K.)
  • Matsumoto, H. (Tatebe, M.)

Review of Monetary and Financial Studies

Vol.23 June 2006

[Presidential Address]

Real Estate Prices and the Financial Market
……………………………………………… Yoshinori Shimizu 1

[Special Lecture]

"Monetary Policy and Banking Behavior" after 25 Years
………………………………………………… Kazumasa Iwata 15

[Articles]

Default Costs of Unlisted Companies in Japan under Deflation
………Shinichi Fukuda, Munehisa Kasuya and Kentaro Akashi 31
Monitored versus Non-monitored Finance: The Bank-centered System as a Coordination Failure
………………………………………………… Hideaki Murase 51
Pension Liabilities and Investment
………………………………………………… Takafumi Sasaki 65
Market Efficiency and the Amount of Noise in the Japanese Stock Market
…………………………………………………… Yusuke Kinari 86

[Book Reviews]

  • Fukuda, S. (Ogawa, K.)
  • Asai Y. (Okazaki, T.)
  • Pelkmans, J. (Hoshino, K.)
  • Muramoto, T. (Kurihara, Y.)
  • Kanai, Y. (Yoshida, S.)

Review of Monetary and Financial Studies

Vol.22 June 2005

[Special Lectures]

Monetary Policy and Central Bank Talk
……………………………………………………… Miyako Suda 1

[Articles]

Adoption of New Technologies in the Japanese Banking Industry
……………………………………………… Michiko Miyamoto 22
Empirical Analysis on Currency Substitution in Mexico
Based on Vector Error Correction Model
………………………Hisao Kumamoto and Masao Kumamoto 41
Reexamining the Monetary Models of Exchange Rates from Cointegration Analysis
………………………………………………… Yukio Fukumoto 59
Housing Purchase and the Demand for Risky Assets
………………………………Hitoe Ueyama and Keiko Shimono 77
A Conjectural User-Revenue Model of Financial Firms under Dynamic Uncertainty
………………………… Tetsushi Homma and Toshiyuki Souma 95
A role of The U.S. in the International Capital Movements in Late 1990s
………………………………………………… Junji Tokunaga 111

[Book Reviews]

  • Nishigaki, N. (Uchida, S.)
  • Sato, T. (Okina, Y.)
  • Yoshitomi, M. (Katsu, E.)
  • Abe, E. (Hotori, E.)
  • Yoji, S. (Kobayashi, J.)
  • Imuta, T. (Ehiro, A.)
  • Suto,T. (Kamae, H.)

Review of Monetary and Financial Studies

Vol. 21 December 2004

[Special Lectures]

The Role of Capital for Central Banks
……………………………………………………… Kazuo Ueda 1

[Articles]

The Availability of Scale Economies in Japanese Credit Cooperatives' Horizontal Mergers
………………………………………………… Kamon Iwatsubo 13
An Empirical Analysis of Bubble in Exchange Rates Based on Blanchard-Quah Decomposition
……………………………………………… Masao Kumamoto 31
An Empirical Investigation of Cost Efficiency in Japanese Banking
……………………………………………………… Keiichi Hori 45
Pricing-to-market and Inflation Targeting
……………………………………………………… Eishi Okano 68
Measuring the Efficiency in Japanese Credit Associations
…………………………………………………… Kozo Harimaya 92
Policy Reaction Function in Japan
……………………………………………… Masafumi Kozuka 112

[Book Reviews]

  • Matsumoto, A. (Yoshida, K.)
  • Fukao, M. and H. Yoshikawa (Nakagawa, R.)
  • Saito, T. (Fukamachi, I.)
  • Teranishi, J. (Tanaka, H.)
  • The Nikkei Financial Daily ed. (Shizume, M.)
  • Stiglitz, J. E. and B. Greenwald (Sakakibara, E.)
  • Hanazaki, M. and J. Teranishi (Suto, M.)
  • Saito, T. (Fukumitsu, K.)
  • Tsuda, K. (Ichinose, A.)

Review of Monetary and Financial Studies

Vol. 20 October 2003

[Special Lectures]

Some Thoughts on Monetary Policy in Japan
………………………………………………… Ben S. Bernanke 1
Challenges for Monetary Policy in Japan
………………………………………………… Toshihiko Fukui 14
Structural Reforms and Monetary Policy
………………………………………………… Koichi Hamada 27

[Articles]

Stock Market Reaction to Consolidation of Japanese Large Banks
……………………………………………… Takeshi Kobayashi 35
The Analysis of Monetary Policy by the Bank of Japan
…………………………………………………… Takayasu Ito 53
The MAN-EN Recoinage Fiscal Policy in the Last Days Tokugawa Shogunate
……………………………………………………… Hiroki Suga 64
Predicting Japanese Real Economic Activity Using the Yield Spread
…………………………………………………… Hidehiro Ikeno 81
How the Japanese Yen Affects Dollar Peg in East Asian Currencies?
………………………………………………… Junko Shimizu 100
The MOF’s Bank Examination System in Japan
……………………………………………………… Eiji Hotori 128

[Book Reviews]

  • Yabushita, S. (Takeda, Y.)
  • Hoshi, T. and H. Patrick (Okabe, M.)
  • Horie, Y. (Noma, T.)
  • Osano, H. (Odagiri, H.)
  • Ishii, K. and K. Sugiyama (Hotori, E.)

Review of Monetary and Financial Studies

Vol. 19 March 2003

[Articles]

The Empirical Analysis on the Fisher Hypothesis in Japan
……………………………………………………… Takayasu Ito 1
The Branching Activities of Financial Institutions in Aichi Prefecture
………………………………………………… Kazumine Kondo 15
The Validity of the Monetary Model to Exchange Rate Determination
……………………………………………………… Takao Fujii 29
How Useful Are ATMs for Japanese Banks in the Latter 1990s?
………………………………………………… Kazumine Kondo 43
Equity Private Placements and the Market Responses in Japan
…………………………………………………… Hiroyuki Aman 56
Real-Time Gross Settlement and Bank Lending
……………………………………………… Takahiro Takeuchi 72
On the Independence of the People’s Bank of China
……………………………………………………… Fu Run-Min 87

[Book Reviews]

  • Ohya, S. (Akagawa, M.)
  • Kikuchi, Y. (Fujita, S.)
  • Otomo, T. (Nakamura, H.)
  • Mikitani, R. and A. S. Posen (Saito, M.)
  • Yoshida, S. (Matsumoto, A.)
  • Shibuya, R. (Ito, M.)

Review of Monetary and Financial Studies

Vol. 18 March 2002

[Special Lecture]

Japan’s Liquidity Trap and Monetary Policy
……………………………………………………… Kazuo Ueda 1

[Articles]

Multiple Equilibria in the One Sector Endogenous Monetary Growth Model
……………………………………………… Akinobu Murakami 11
The Impacts of Regulatory Constraints on Japanese Life Insurance Companies
……………………………………………………… Sanae Ohno 22
The Probability of Household’s Subjective Liquidity Constraint and Risk Asset Choice
………………………… Norihiro Kasuga and Katsumi Matsuura 40
Bank’s Self-appraisal and Incentive Regulation
………………………………………………… Yukihiro Yasuda 51
Dynamic Optimization:An International Comparison
………………………… Fumihiko Hiruma and Charles Noussair 65
The Origin of Suffolk Banking System
…………………………………………………… Takuma Omori 85

[Book Reviews]

  • Kuruma, K. (Takada, T.)
  • Okabe, M. (Iwata, K.)
  • Ito, M., M. Tsurumi, and Y. Asai, (Saito, N.)
  • Suzuki, K. (Yonezawa, Y.)
  • Fujiki, H. (Koyano, T.)
  • Ishiro, H. (Ohya, S.)
  • Mouri, R (Kawamoto, A.)
  • Takatsuki, A. (Sakamoto, T.)
  • Fukuda, S., A. Horiuchi, and K. Iwata (Ogawa, E.)

Review of Monetary and Financial Studies

Vol. 17 March 2001

[Special Lecture]

Japan’s Economy and the Role of the Bank of Japan
………………………………………………… Eiko Shinotsuka 1

[Survey Paper]

Microeconomics of Credit Rationing Theories
………………………… Kazuhisa Kudoh and Choi-Yong-Suk 17

[Articles]

The Controllability of High-powered Money and Market Operations in Japan
…………………………………………… Ryuichi Nakagawa 38
Causality from Money Supply Growth to GDP Growth in Japan
………………………………………………… Hidehiro Ikeno 49
Investment Performances of Main Investor Groups in Japanese Stock Market
………………………………………………… Akiko Murase 66

[Notes]

Determinant of Yen-dollar Rate from 1987 to 1996
……………………………………………… Shinya Kobayashi 79
Recent Changes of the Main Bank Relationships in Japan
………………………… Shinichi Hirota and Toshihiro Horiuchi 90

[Book Reviews]

  • Muramoto, T. (Kusumoto, H.)
  • Muraoka, S. (Kon-i, H.)
  • Mikitani, R. and K. Ishigaki (Furukawa, A.)
  • Ogawa, K. and S. Kitasaka (Miyagawa, T.)
  • Takagi, H., A. Kuroda and Y. Watanabe (Inoue, H.)
  • Shimohirao, I. (Maehata, Y.)
  • Okada, K. (Nishimura, H.)
  • Yamada, K. (Kaiho, Y.)

Review of Monetary and Financial Studies

Supplementary Issue, February 2001

[Proceedings of annual meetings]

  • spring 1997 at Chiba University of Commerce
  • autumn 1997 at Hokkaido University

Review of Monetary and Financial Studies

Vol. 16 January 2000

[Special Paper]

The Independence of the Federal Reserve System
………………………………………………… Ryoichi Mikitani 1

[Special Lecture]

The Historical and Contemporary Perspectives on Banking Instability, Deposit Insurance, and Prudential Regulation and Supervision.
…………………………………………… Charles W. Calomiris 8

[Articles]

On the Possibilities of Improving Efficiency through Bank Regulations in Japan
………………………………………………… Yutaka Domae 17
The Economic Consequence of the “Plaza Accord”
……………………………………………… Ken’ichi Yoshida 30
Stock Investment Characteristics of Life Insurance Companies during 1930’s in Japan
……………………………………………… Kazky Yokoyama 42
On the Probability of Postal Savings and Bank Deposit Holding in Tokyo Metropolitan Area
…………………………………………… Mototsugu Fukushige 56
Externalities in Japanese Life Insurance Market
……………………………………………………… Sanae Ohno 66
Exchane Rates, Trade, and Employment in the EU
………………………………………………… Yutaka Kurihara 85

[Book Reviews]

  • Aoyama, K. (Yamada, A.)
  • Sakamoto, T. (Takatsuki, A.)
  • Kuroda, A. (Hiruma, F.)
  • Iida, T. (Kobayashi, J.)
  • Kobayashi, M. (Sakamoto, T.)

Review of Monetary and Financial Studies

Vol. 15 October 1998

[Special Paper]

Unresolved Issues in the New BOJ Law
………………………………………………… Ryoichi Mikitani 3

[Special Lecture]

Central Bank Independence and Monetary Policy
………………………………………………… Jacob A. Frenkel 9

[Survey Paper]

Empirical Studies on the Structure of Costs in Banking Industry
……………………………………………………… Keiichi Hori 24

[Articles]

Corporate Finance and the “Dual Cycle” of Loans for Small and Large Firms in Japan
………………………………………………… Hirofumi Uchida 52
On the Hollowing out of the Japanese Security Markets
……………………………………………… Nobuyoshi Yamori 67
Did the Major EMS Countries Import Disinflationary Reputation from Germany?
……………………………………………………… Eiji Ogawa 78
The Development of the American Check Payments System in the Late Nineteenth Century
……………………………………………………… Ken Kawai 94

[Book Reviews]

  • Kawamoto, A. (Hiraoka, K.)
  • Ito, O. (Miyajima, H.)
  • Gotoh, S. (Saijo, N.)
  • Tatebe, M. (Kitahara, T.)
  • Shimano, T. (Izawa, H.)
  • Fukuda, S. (Shimizu, Y.)
  • Takeuchi, H. (Moriyama, A.)
  • Sudo, I. (Kobayashi, M.)

[Proceedings]

Review of Monetary and Financial Studies

Vol. 13/14 November 1997

[Special Paper]

Central Bank and Bank Supervision
…………………………………………………… Ryoichi Mikitani 1

[Special Lectures]

Preventing Banking Crises in the Future: Lessons from Past Mistakes
……………………………………………… George G. Kaufman 7
The Present Situation and Future in Chinese Finance
………………………………………………………… Da Huang 26

[Survey Paper]

Financial Intermediaries and Capital Markets
………………………………………………… Hirofumi Uchida 32

[Articles]

An Empirical Analysis on a Japanese Reserve Demand Function
…………………………………………………… Ichihiro Uchida 44
The BOJ’s Reaction Function
…………………………………………………… Atsushi Tanaka 60
An Analysis of the Reemployment of Retired Government Officials and Private Bank Workers in Japanese Financial Institutions
…………………………Kenya Fujiwara and Nobuyoshi Yamori 70

[Papers]

  • at Musashi Universityat Musashi University
  • at Kumamoto Gakuen University

[Book Reviews]

  • Takizawa, T. (Mikami, R.)
  • Aoki, M., Patrick, H. (Shikano, Y.)
  • Kawanami, Y. (Kanai, Y.)
  • Mabuchi, N. (Okuno, H.)
  • Okada, K. (Kurohane, M.)
  • Tokunaga, S. (Katsu, E.)
  • Yoshikawa, H. (Okina, K.)
  • Suzuki, T. (Yoshida, M.)
  • Katagiri, K. (Toda, S.)
  • Izawa, H. (Fukao, K.)

[Proceedings]

Review of Monetary and Financial Studies

Vol. 11/12 March 1997

[Special Paper]

Central Bank as the Lender of Last Resort
…………………………………………………… Ryoichi Mikitani 1

[Articles]

The Foreign Exchange Rate, the Structure of Comparative Costs, and the Gap between Internal and External Prices
…………………………………………………… Akira Matsumoto 6
Japanese Life Insurance Companies and the Function of Intergenerational Risk Sharing
……………………………………………………… Yasuo Kofuji 18
The Expansion of American Investment Trusts and Financial System in 1920’s
…………………………………………………… Susumu Mitani 27

[Papers]

  • at Waseda University
  • at Kobe University

[Book Reviews]

  • Iwamura, M. (Fujiwara, K.)
  • Shibuya, H., Hojo, H., Imura, S. (Yamamoto, E.)
  • Yabushita, S. (Hirota, S.)
  • Yamamoto, E. (Sai, K.)
  • Honma, M. (Mukai, T.)
  • Shimazaki, K. (Oya, S.)
  • Yamamoto, T. (Yamaguchi, Y.)
  • Iwata, K. (Kawamoto, A.)
  • Onoue, S. (Kataoka, T.)
  • Tajika, E., Kaneko, Y., Hayashi, F. (Aso, Y.)

[Proceedings]