THE JAPAN SOCIETY OF MONETARY ECONOMICS
2012 Autumn Annual Meeting Program
Last updated date: September 18, 2012
September 15th, Saturday
<9:30~ >Registration:Front Entrance of the Main Building
<10:00 ~12:15>
- A(Room D201)
- Panel Session: Financial History
Beginning of the BOJ underwriting of government bonds in 1932
-
- Chair
- Hosei University
- Masayoshi Tsurumi
- (1)Changing of Ways of Government Bonds Issue in 1932
-
- Presenter
- Konan University
- Akira Ehiro
- (2)Syndicate Banks and Selling Operation, 1931-1937
-
- Presenter
- Reitaku University
- Masanori Sato
-
- Discussant
- Keio University
- Eisaku Ide
-
- Tokyo Keizai University
- Hiroshi Kamae
-
- Nihon University
- Juro Teranishi
- B(Room D202)
- Panel Session: Economic Reconstruction after the Earthquake Disaster
Agenda on Financial System, Public Finance and Regulations for Post-earthquake Recovery
-
- Chair
- Tohoku Fukushi University
- Osamu Kamoike
- (1)Issues and Agenda on Small-firm Finance in Tohoku Area: Evidence from Tohoku University Earthquake Recovery Firm Survey (TERFS)
-
- Presenter
- Tohoku University
- Shin-Ichi Nishiyama
- (2)Financial Issues and Agenda in Tohoku Area after the Earthquake
-
- Presenter
- Tohoku Local Financial Bureau
- Koji Myouse
- (3)Post-earthquake Recovery and Public Finance
-
- Presenter
- Hitotsubashi University
- Motohiro Sato
-
- Discussant
- Aoyamagakuin University
- Tomoko Aizawa
-
- Mizuho Research Institute
- Arito Ono
- C(Room D301)
Session: Asian Finance
-
- Chair
- Aichi University
- Yutaka Kurihara
- (1)Capital Structure, Investment, and Growth of Listed Companies in Vietnam: An Estimation of the Influence of State Ownership by 3SLS
-
- Presenter
- Ph.D. Student, Hitotsubashi University
- Lai Thi Phuong Nhung
-
- Discussant
- Hiroshima Shudo Univerisity
- Nguyen Duc Lap
- (2)Concentration and Competition in the Banking Sector of Bangladesh: An Empirical Investigation
-
- Presenter
- Ritsumeikan Asia Pacific University
- Yasushi Suzuki
-
- University of Chittagong, Bangladesh
- S.M.Sohrab Uddin
-
- Discussant
- Institute of Developing Economies -
-
- Japan External Trade Organization
- Jun Saito
- (3)Islamic Rates of Return and Conventional Interest Rates in Malaysian Deposit Market
-
- Presenter
- Niigata University
- Takayasu Ito
-
- Discussant
- Toyo University
- Rika Nakagawa
- D(Room D302)
Session: Empirical Analysis of Financial Markets
-
- Chair
- Hitotsubashi University
- Takashi Misumi
- (1)The Fisher Effect under the Zero Interest Rate Policy
-
- Presenter
- Soka University
- Koji Kobayashi
-
- Discussant
- Niigata University
- Takayasu Ito
- (2)Long Memory in the Japanese Commodity Futures Market Volatility
-
- Presenter
- Nihon University
- Hidetoshi Mitsui
-
- Discussant
- Nagasaki University
- Hiroshi Moriyasu
- E(Room D401)
Session: Retail and Regional Finance
-
- Chair
- Nagoya University
- Nobuyoshi Yamori
- (1)Study on the Financial Inclusion Policy in the UK: Impact of the Legislative Reform Order in Credit Union
-
- Presenter
- Seijo University
- Shinya Minegishi
-
- Discussant
- Nihon University
- Tsutomu Hasegawa
- (2)Support Network through the Combined Efforts of the Government and the Private Sector in U. S. Community Developments
-
- Presenter
- Osaka City University
- Yuki Morinaka
-
- Discussant
- Komazawa University
- Tadashi Saito
- (3)US Consumer Credit and Retail Finance
-
- Presenter
- Meijo University
- Shin-ichiro Maeda
-
- Discussant
- Shizuoka University
- Hiromu Ishiro
- F(Room D402)
Session: Monetary Policy
-
- Chair
- Kobe University
- Teruyoshi Kobayashi
- (1)How Does Oligopolistic of Banking Market Affects Monetary Policy?
-
- Presenter
- Hirosaki University
- Yasuhiro Yamamoto
-
- Discussant
- Chuo University
- Eiji Okuyama
- (2)Robust Control and Asymmetries in Central Bank Forecasting
-
- Presenter
- Kurume University
- Taro Ikeda
-
- Discussant
- Bank of Japan
- Ichiro Muto
- (3)The Balance Sheet Channel of Monetary Policy: Evidence from the Panel Data of Japanese Manufacturing Firms
-
- Presenter
- Chuo University
- Koichi Masuda
-
- Discussant
- Kansai University
- Yuzo Honda
- G(Room D403)
Session: Financial System
-
- Chair
- Matsuyama University
- Tatsuro Kakeshita
- (1)Frontier of the Payment System Theory: Ontology to Epistemology
-
- Presenter
- Social Science Laboratory Association
- Kenji Kouno
-
- Discussant
- Reitaku University
- Nakajima Masashi
- (2)Financial System as a Public Good in an Overlapping-Generations Economy
-
- Presenter
- Keio University
- Shuhei Shiozawa
-
- Discussant
- Kanagawa University
- Yoshikiyo Sakai
<12:15~13:30>Lunch
<13:30~15:45>
- A(Room D201)
- Panel Session: Central Banking
Central Bank Communication with Financial Markets
-
- Chair
- Kobe University
- Toshiki Jinushi
- (1)Central Bank Independence Reconsidered: A Case of the Bank of Japan
-
- Presenter
- Sophia University
- Yosuke Takeda
-
- NLI Research Institute
- Yasuhide Yajima
-
- Discussant
- Kobe University
- Wataru Takahashi
- (2)Is the ECB Communication Policy Effective?―European Central Bank Communication with Financial Markets―
-
- Presenter
- Kansai University
- Sadayoshi Takaya
-
- Discussant
- Bank of Tokyo-Mitsubishi UFJ
- Mitsuru Yaguchi
- (3)Fed's Communications with Markets under the Non-conventional Monetary Policies
-
- Presenter
- Osaka Prefecture University
- Minoru Tachibana
-
- Discussant
- Mitsubishi UFJ Morgan Stanley
- Masatoshi Moriyama
- B(Room D202)
- Panel Session: International Finance
Japan-China Financial Cooperation and Stability of International Markets
-
- Chair
- Meiji University
- Etsuko Katsu
- (1)Japan-China Financial Cooperation and the Internationalization of RMB
-
- Presenter
- Ministry of Finance
- Tsuyoshi Kurihara
- (2)Yen-RMB Direct Foreign Exchange Markets and International Payment System in Asia
-
- Presenter
- Shinkin Central Bank
- Yosuke Tsuyuguchi
- (3)Internationalization of RMB and Hong Kong International Financial Market
-
- Presenter
- Kyoto Women’s University
- Kazuo Toritani
-
- Discussant
- Yokohama National University
- Takao Kamikawa
- C(Room D301)
Session: International Finance 1
-
- Chair
- Hitotsubashi University
- Eiji Ogawa
- (1)Global Retail Banking in Emerging Markets: Developments in Brazil & Beyond
-
- Presenter
- Ph. D. Student, Kyushu University
- Dustin J. Brewer
-
- Discussant
- Tohoku Gakuin University
- Masashi Igakura
- (2)Changing Operational Efficiency of Major Southeast Asian Commercial Banks Including Foreign Banks
-
- Presenter
- Hitotsubashi University
- Hidenobu Okuda
-
- Ph.D. Student, Hitotsubashi University
- Yasushi Take
-
- Discussant
- Japan Research Institute
- Satoshi Shimizu
- (3)The Surroundings around the Financing for Japanese Overseas Subsidiaries, and the Classification of Actual Financing Schemes
-
- Presenter
- Japan Finance Corporation
- Yasuo Unakami
-
- Discussant
- Chuo University
- Tadanobu Nemoto
- D(Room D302)
Session: Macro Prudential Policy
-
- Chair
- Kagawa University
- Hiroshi Fujii
- (1)Revision of BIS Capital Adequacy and the Impact on Global Economy
-
- Presenter
- Hiroshima Shudo University
- Norio Nakai
-
- Discussant
- Chukyo University
- Kunihiro Hanabusa
- (2)Macro-Prudential and Monetary Policies in a Small Open Economy
-
- Presenter
- Nagoya University
- Kenya Takaku
-
- Kobe University
- Shigeto Kitano
-
- Discussant
- Kyushu University
- Chikafumi Nakamura
- E(Room D401)
Session: The Roles of Public Sector in the Financial System
-
- Chair
- Meiji University
- Yoshio Watanabe
- (1)Analyses of Public Investment Shock in Japan: Factor Augmented Vector Autoregressive Approach
-
- Presenter
- Keio University
- Kazuki Hiraga
-
- Kobe University
- Takao Fujii
-
- University of Marketing and Distribution Sciences
- Masufumi Kozuka
-
- Discussant
- Shiga University
- Masaaki Tokuda
- (2)The Effect of Preventing Business Failures by Emergency Credit Guarantee System
-
- Presenter
- Ph. D. Student, Doshisha University
- Eriko Naiki
-
- Discussant
- Nagoya University
- Nobuyoshi Yamori
- F(Room D402)
Session: Theoretical and Empirical Analyses of Stock Markets
-
- Chair
- Keio University
- Takashi Kaneko
- (1)Effects of Differences of Opinion on Trading Volume and Volatility
-
- Presenter
- Ph. D. Student, Keio University
- Naoshi Ikeda
-
- Discussant
- Osaka University
- Wataru Ohta
- (2)Short Selling Restrictions and Asset Price Fluctuation
-
- Presenter
- Okayama Shoka University
- Hisashi Kojima
-
- Discussant
- Kansai University
- Katsuya Ue
- G(Room D403)
Session: Household Financial Behavior
-
- Chair
- Waseda University
- Fumihiko Hiruma
- (1)The Effect of Financial Education on Household Portfolio Selection
-
- Presenter
- Prefectural University of Hiroshima
- Keiko Murakami
-
- Kyoto Sangyo University
- Yoshiko Nishimura
-
- Discussant
- Hokusei Gakuen University
- Takeo Minaki
- (2)Risk Perception and Formation Processes in the Financial Products Demands as Life Security: Life Insurance, General Insurance, Saving Deposit, Securities
-
- Presenter
- Japan Institute of Life Insurance
- Susumu Hayashi
-
- Discussant
- Kagoshima University
- Kunikazu Nagata
- (3)How Bequests Change Regional Household Financial Assets
-
- Presenter
- Nomura Institute of Capital Markets Research
- Sachiko Miyamoto
-
- Discussant
- Waseda University
- Fumihiko Hiruma
<16:00~17:00>Invited Lecture
- H(Room A101)
The Rise of China: Opportunities and Challenges for Japan
-
- Chair
- President of the Japan Society of Monetary Economics,
-
- Doshisha University
- Hideo Fujiwara
-
- Speaker
- Nomura Institute of Capital Markets Research
- Chi Hung Kwan
<17:10~18:10>
H(Room A101)General Meeting
<18:30~20:30> Reception
COOP Restaurant Room
September 16th, Sunday
<9:30~ > Registration: Front Entrance of the Main Building
<10:00~12:30>
- I(Room C302)
Japan-Korea Partnership Session:
Towards Stabilization of Financial Markets
-
- Chair
- University of Tokyo
- Shin-ichi Fukuda
- (1)Estimating Monetary Policy Rules When Interest Rates Are Stuck at Zero
-
- Presenter
- Korea University
- Jinill Kim
-
- Discussant
- Bank of Japan
- Ryou Katou
- (2)Bayesian Stock Market Instability Index
-
- Presenter
- Keimyung University
- Tae Yoon Kim
-
- Yonsei University
- Kyung Ju Oh
-
- Hana Institute of Finance
- Chiho Kim
-
- Discussant
- Hitotsubashi University
- Toshiaki Watanabe
- (3)A Unified Model: Arbitrage-free Term Structure Movements of Flow Risks
-
- Presenter
- Thomas Ho Company
- Thomas S. Y. Ho
-
- Presenter
- Hanyang University
- Sang Bin Lee
-
- Discussant
- University of Tokyo
- Shin-ichi Fukuda
- C(Room D301)
Session: International Finance 2
-
- Chair
- Nagoya University
- Yuichi Kanai
- (1)Vision for a Basket Currency in Asia from a Corporate Finance Viewpoint
-
- Presenter
- Mizuho Corporate Bank
- Hiroshi Akabane
-
- Discussant
- Kyushu University
- Kenji Iwata
- (2)The Modern Feature of International Capital Movement: U. S. Financial Market and International Capital Movement
-
- Presenter
- Meijo University
- Akio Takayama
-
- Discussant
- Hiroshima Shudo University
- Akito Kawamoto
- D(Room D302)
Session: Finance
-
- Chair
- Aichi Gakuin University
- Shigeru Uchida
- (1)Organizational Complexity and the Speed of Adjustment toward Target Leverage
-
- Presenter
- Hitotsubashi University
- Masaru Konishi
-
- Ph.D. Student, Hitotsubashi University
- Kan Nakajima
-
- Discussant
- Tokyo Keizai University
- Masaya Ishikawa
- (2)The Relationship between Business Cycle and Personal Default: Using Hierarchical Bayes Panel Probit Model for Testing
-
- Presenter
- Mitsubishi Research Institute
- Hiroshi Okumura
-
- Kobe University
- Yoichi Matsubayashi
-
- Discussant
- Bank of Japan
- Takashi Isogai
- E(Room D401)
Session: International Finance 3
-
- Chair
- Tokyo Keizai University
- Hiroshi Kamae
- (1)Financial Market Imperfection in an Open Economy
-
- Presenter
- Okayama Shoka University
- Daisuke Ida
-
- Discussant
- Aichi University
- Hiroshi Kurihara
- (2)Life-time of Limit Orders in the EBS Foreign Exchange Spot Market
-
- Presenter
- Nagasaki University
- Masayuki Susai
-
- Kyushu Sangyo University
- Yushi Yoshida
-
- Discussant
- Hokusei Gakuen University
- Takeo Minaki
- F(Room D402)
Session: Financial System in China
-
- Chair
- Osaka City University
- Takumi Kiyota
- (1)Essential for Improving the Rural Financial System of China: Rural Land System Reform
-
- Presenter
- Ph. D. Student, Hitotubashi University
- Zhang Yan
-
- Discussant
- Kumamoto Gakuen University
- Tadashi Sakamoto
- (2)Private Equity Placements and the Market Responses in China
-
- Presenter
- Ph. D. Student, Doshisha University
- Yu Jie
-
- Doshisha University
- Mikiyo Niizeki
-
- Discussant
- Aoyama Gakuin University
- Akiko Kamesaka
- G(Room D403)
Session: Financial History
-
- Chair
- Reitaku University
- Masanori Sato
- (1)Dajokan-satsu, Government Treasury and the Shoho-ji
-
- Presenter
- Doshisha University
- Yoshiaki Shikano
-
- Discussant
- Kokushikan University
- Yasutoshi Noshita
- (2)The Business Model and Decline of Modern China "Qianzhuang"
-
- Presenter
- Reitaku University
- Yuxiong Chen
-
- Discussant
- Waseda University
- Kazuhiko Yago
<12:15~13:30>Lunch
<13:30~16:30>
- H(Room A101)
Symposium: Economic Growth of Asia and Financial Linkage with Japan
-
- Chair
- Keio University
- Naoyuki Yoshino
- (1)Infrastructure Investment and Finance by JBIC to Asia
-
- Presenter
- Japan Bank for International Cooperation
- Hiroshi Watanabe
- (2)Financial Cooperation around Asia
-
- Presenter
- Ministry of Finance
- Osamu Nakamura
- (3)Growth Opportunity for Japanese Financial Institutions in Asia
-
- Presenter
- Deutsche Securities
- Yoshinobu Yamada
- (4)Role and Impact of Foreign Banks in Asia: Focusing on Thailand and China
-
- Presenter
- Yamagata University
- Masaki Yamaguchi
Closing Remarks
University of Kitakyushu Yurio Mukai
Program committee
- Yoichi Kawanami (Kyushu University, Chair)
Tatsuro Kakeshita (Matsuyama University)
Takashi Kaneko (Keio University)
Yutaka Kurihara (Aichi University)
Toshiki Jinushi (Kobe University)
Yasushi Hayashi (Rissho University)
Shin-ichi Fukuda (University of Tokyo)
Seiichi Fujita (Kobe University)
Jun Maeda (University of Kitakyushu)
Junji Yano (Hiroshima University)
Yoshio Watanabe (Meiji University)
- Eiji Ogawa (Hitotsubashi University)
Yuichi Kanai (Nagoya University)
Takumi Kiyota (Osaka City University)
Masanori Sato (Reitaku University)
Shin-ichi Nishiyama (Tohoku University)
Fumihiko Hiruma (Waseda University)
Hiroshi Fujii (Kagawa University)
Takashi Misumi (Hitotsubashi University)
Yurio Mukai (University of Kitakyushu)
Nobuyoshi Yamori (Nagoya University)
Preparatory Committee (University of Kitakyushu)
- Yurio Mukai (Chair)
- Naohisa Goto
- Hiroshi Takeda
- Jun Maeda
Access to Kitagata Campus, University of Kitakyushu
http://www.kitakyu-u.ac.jp/access/kitagata.html