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List of Research Papers Related to Payment and Markets

Date Title
Sep. 18, 2008Recent Trends in Japanese Foreign-Exchange Margin Trading 
Aug. 29, 2008Money Market Operations in Fiscal 2007 
Nov.  7, 2007Monitoring Commodity Markets - From the Perspective of Understanding Global Financial Market Trends 
Aug.  1, 2007Payment Flows for Settlement of Foreign Exchange Trades: Japan's Experience since 2002 
Jul. 27, 2007Survey on Yen-OIS Market in May 2007 
Mar. 23, 2007Arbitrage Activities between Offshore and Domestic Yen Money Markets since the End of the Quantitative Easing Policy 
Dec. 29, 2006Funding Levels for the New Accounts in the BOJ-NET 
Dec.  4, 2006Changes in Hedge Fund Investment Behavior and the Impact on Financial Markets - Position Concentration, Expanded Scope, and Market Liquidity Risk - 
Nov. 10, 2006BOJ-NET Funds Transfers after the End of the Quantitative Monetary Easing Policy 
Oct. 25, 2006Japan's Next-Generation RTGS 
Aug. 31, 2006Money Market Operations in Fiscal 2005 
Jun. 13, 2006Recent Developments in Hedge Funds 
Mar.  2, 2006The reforms in the Japanese government securities market 
Mar.  2, 2006The reforms in the Japanese government securities market 
Aug. 19, 2005Money Market Operations in Fiscal 2004 
Aug. 31, 2004Money Market Operations in Fiscal 2003 
Jul. 27, 2004Negative Interest Rates under the Quantitative Monetary Easing Policy in Japan: The Mechanism of Negative Yen Funding Costs in the FX Swap Market  
Apr.  6, 2004Fractal Network derived from banking transaction --An analysis of network structures formed by financial institutions-- 
Jan. 29, 2004Liquidity in JGB markets -Analysis on the Intraday Bid-Ask Spreads- 
Sep. 24, 2003Money Market Operations in FY2002 
Jul. 30, 2003Extracting Market Expectations on the Duration of the Zero Interest Rate Policy from Japan's Bond Prices 
Feb. 20, 2003The Bank of Japan's Eligible Collateral Framework and Recently Accepted Collateral 
Jul.  4, 2002Money Market Operations in FY2001 
Apr. 19, 2002The Japanese Repo Market: Theory and Evidence 
Jan. 16, 2002Changes in Japan's Financial Structure since the Later Half of the 1990s: the Supply of Risk Capital and Major Market Reforms 
Nov.  1, 2001Real-Time Gross Settlement (RTGS) in Japan: An Evaluation of the First Six Months 
Sep. 28, 2001Money Market Operations in FY2000 
Jul. 23, 2001The Structure of and Recent Developments in the Short-term Yen Money Markets: Arbitrage relationship between the uncollateralized call market, the Euroyen market and the dollar/yen swap market  
Jul.  3, 2001Increasing Use of Electronic Trading Systems and Its Implications onJapanese Financial Markets 
Apr. 19, 2001Market Participants' Behavior and Pricing Mechanisms in the JGB Markets --Analysis of Market Developments from the End of 1998 to 1999-- 
Apr.  4, 2001Pricing of Japanese Government Bonds: Influence of Futures Prices, Repo Rates, and Supply-Demand Conditions of Specific Issues 
Mar.  2, 2001Bank of Japan EMEAP High-Level Workshop on Development of Information Technology and Central Banking (October 2-3, 2000): Opening Remarks 
Jul. 18, 2000Predicting the US Real GDP Growth Using Yield Spreads of Corporate Bonds 
Apr. 21, 2000The reforms in the Japanese government securities market 
Aug. 27, 1999Three Japan Premiums in Autumn 1997 and Autumn 1998 --Why did premiums differ between markets?-- 
Jul. 28, 1998A Case for Reforming the JGB Market 
Jul. 14, 1998The Yield Spread as a Predictor of Japanese Recessions 
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