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Monetary and Economic Studies

2007

Monetary and Economic Studies is published each year, by the Bank of Japan's Institute for Monetary and Economic Studies (IMES). In line with IMES policy, the publication seeks to provide information on monetary and economic issues to the general public. Articles include research achievements by the staff and visiting scholars, and selected works from the proceedings of conferences sponsored by IMES.

Views expressed in Monetary and Economic Studies are those of the authors and do not necessarily reflect those of the Bank of Japan or IMES.

Click the title to obtain an abstract of the thesis

Vol.25, No. S-1 / December 2007

Table : Vol.25, No. S-1 / December 2007
Author(s) Title/Keywords Full Text (PDF)
Wataru Takahashi, Kenichiro Watanabe, Hiroshi Fujiki The Fourteenth International Conference "Growth, Integration and Monetary Policy in East Asia," Introduction Summary 68 KB
Toshihiko Fukui The Fourteenth International Conference "Growth, Integration and Monetary Policy in East Asia," Opening Speech 45 KB
Bennett T. McCallum Monetary Policy in East Asia : The Case of Singapore
/Exchange rate; Inflation targeting; Instrument variable; Target variable; Open economy; Monetary policy
139 KB
Maurice Obstfeld The Renminbi's Dollar Peg at the Crossroads
/Renminbi; China currency; China balance of payments; Fixed exchange rate exit strategy
347 KB
Hiroshi Fujiki, Akiko Terada-Hagiwara Financial Integration in East Asia
/Exchange rate regime; Financial integration; Risk sharing
352 KB
Michael B. Devereux Financial Globalization and Emerging Market Portfolios
/Asia; Financial globalization; Foreign direct investment; Foreign exchange rate reserves
227 KB
Sanghoon Ahn, Jong-Wha Lee Integration and Growth in East Asia
/Integration; Growth; Trade; Foreign direct investment; East Asia
281 KB
Christian Broda, David E. Weinstein Defining Price Stability in Japan: A View from America
/Inflation; Consumer price index bias; Monetary policy
280 KB
Marvin Goodfriend Monetary Policy in East Asia: Common Concerns
/East Asia; Monetary policy; Banking policy; Exchange rates; Trade balance; International reserves
196 KB
Akinari Horii, Leonardo Bartolini, Hans Genberg,Mar Gudmundsson, Bennett T. McCallum, Maurice Obstfeld, Yu Yongding The Fourteenth International Conference "Growth, Integration and Monetary Policy in East Asia," Concluding Panel Discussion: Growth, Integration, and Monetary Policy in East Asia 206 KB

Vol.25, No.2 / November 2007

Table : Vol.25, No.2 / November 2007
Author(s) Title/Keywords Full Text (PDF)
Kenshi Taketa, Gregory F. Udell Lending Channels and Financial Shocks: The Case of Small and Medium-Sized Enterprise Trade Credit and the Japanese Banking Crisis
/Trade credit; Credit crunch
301 KB
Sachiko Kuroda, Isamu Yamamoto Why Are Nominal Wages Downwardly Rigid, but Less So in Japan? An Explanation Based on Behavioral Economics and Labor Market/Macroeconomic Differences
/Downward nominal wage rigidity; Behavioral economics; Labor mobility; Employment protection legislation; Inflation rate; Indexation
335 KB
Ippei Fujiwara, Naoko Hara, Naohisa Hirakata, Takeshi Kimura, Shinichiro Watanabe Japanese Monetary Policy during the Collapse of the Bubble Economy: A View of Policymaking under Uncertainty
/Collapse of the bubble economy; Monetary policy; Uncertainty
342 KB
Kris James Mitchener, Mari Ohnuki Capital Market Integration in Japan
/Financial market development; Capital market integration; Economic integration; Japanese banks
237 KB

Vol.25, No.1 / March 2007

Table : Vol.25, No.1 / March 2007
Author(s) Title/Keywords Full Text (PDF)
Hiroshi Ugai Effects of the Quantitative Easing Policy: A Survey of Empirical Analyses
/Zero interest rate policy; Quantitative easing policy; Commitment; Zero bound constraint on interest rates; Deflation
345 KB
Juro Teranishi Were Banks Really at the Center of the Prewar Japanese Financial System?
/Prewar Japan; Financial system; Banking; Stock markets; Corporate governance; Risk bearing; Information production
210 KB
Kanji Ishii Equity Investments and Equity Investment Funding in Prewar Japan : Comments on "Were Banks Really at the Center of the Prewar Japanese Financial System?" 115 KB
Tetsuji Okazaki The Evolution of Corporate Finance and Corporate Governance in Prewar Japan : Comments on "Were Banks Really at the Center of the Prewar Japanese Financial System?" 80 KB
Mari Ohnuki The Bank of Japan Network and Financial Market Integration: From the Establishment of the Bank of Japan to the Early 20th Century
/Financial market integration; Payments network; Bank of Japan; Correspondent network funds transfers; Movement of funds
264 KB
Masashi Une, Masayuki Kanda Year 2010 Issues on Cryptographic Algorithms
/Cryptographic algorithm; Symmetric cipher; Asymmetric cipher; Security; Year 2010 issues; Hash function
250 KB