Monetary and Economic Studies
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.
- to IMES Home
- Notice on copyright and other related matters regarding the site of the Institute for Monetary and Economic Studies.
Click the title to obtain an abstract of the thesis
Vol.27 / November 2009
|Author(s)||Title/Keywords||Full Text (PDF)|
|Shigenori Shiratsuka, Wataru Takahashi, Kozo Ueda||2009 International Conference "Financial System and Monetary Policy Implementation" Summary||77 KB|
|Masaaki Shirakawa||2009 International Conference "Financial System and Monetary Policy Implementation," Opening Speech Financial System and Monetary Policy Implementation: Long and Winding Evolution in the Way of Thinking||34 KB|
|Bennett T. McCallum||2009 International Conference "Financial System and Monetary Policy Implementation," Keynote Speech, The Role of "Determinacy" in Monetary Policy Analysis
/Determinacy; Learnability; Rational expectations; Multiple solutions; Monetary policy
|Maurice Obstfeld||2009 International Conference "Financial System and Monetary Policy Implementation," Keynote Speech, Lenders of Last Resort in a Globalized World
/Lender of last resort; Financial crisis; Central banking; International monetary system; International Monetary Fund
|Toshihiko Mukoyama||On the Establishment Dynamics in the United States and Japan
/Establishment dynamics; Sectoral composition; Industry dynamics model; Reallocation
|Rasmus Fatum||Official Japanese Intervention in the JPY/USD Exchange Rate Market: Is It Effective, and through Which Channel Does It Work?
/Exchange rates; Foreign exchange market intervention; Channels of transmission
|Patrick McGuire||Bank Ties and Firm Performance in Japan: Some Evidence since Fiscal 2002
/Cross-shareholding; Main bank; Japanese banks; Firm performance
|Ichiro Fukunaga, Masashi Saito||Asset Prices and Monetary Policy
/Asset prices; Monetary policy; Financial frictions; Policy trade-offs
|Shigeaki Fujiwara||Credit Risk Assessment Considering Variations in Exposure: Application to Commitment Lines
/Commitment lines; Probability of default; Loss given default; Exposure at default; Expected loss; Unexpected loss
|Takashi Shibata, Tetsuya Yamada||Dynamic Model of Credit Risk in Relationship Lending: A Game-Theoretic Real Options Approach
/Credit risk; Relationship lending; Real option; Game theory; Concentration risk
|Takashi Nanjo, Makoto Kasuya||Part-Paid Stock, Corporate Finance, and Investment: Economic Consequences of the Part-Paid Stock System and Supplementary Installments in Early 1930s Japan
/Part-paid stock; Joint-stock company; Corporate finance; Investment; Financial system; Interwar period; Great Depression