• Search Research Projects
  • Search Researchers
  • How to Use
  1. Back to previous page

金融政策が銀行システムの安定性に与える影響

Research Project

Project/Area Number 17K03828
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Money/ Finance
Research InstitutionKonan University

Principal Investigator

中島 清貴  甲南大学, 経済学部, 教授 (00367939)

Project Period (FY) 2017-04-01 – 2021-03-31
Project Status Discontinued (Fiscal Year 2020)
Budget Amount *help
¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000)
Fiscal Year 2020: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2019: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2018: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2017: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
Keywords非伝統的金融政策 / Search for Yield / 銀行による過度なリスクテイキング / VAR / 関係特殊資産 / リレーションシップバンキング / 因果推論 / プルーデンス政策 / プルーデンシャル政策 / 政策効果の識別 / ベクトル自己回帰モデル / ローンレベルデータ / VARモデル / リスクテイキング / 予期されたショック / 操作変数推定 / 金融政策 / 信用リスクテイキング
Outline of Annual Research Achievements

2020年度は,主に,これまで行ってきた研究の改訂作業や投稿作業に心血を注いできた.とりわけ,非伝統的金融政策ショックの識別に関する論文(Identifying Quantitative and Qualitative Monetary Policy Shocks)と銀行資本の監査厳格化が金融システムの安定化に及ぼす影響に関する論文(The Impacts of Strengthening Regulatory Surveillance on Bank Behavior: A Dynamic Analysis from Complete to Incomplete Enforcement of Capital Regulation in Microprudential Policy)が,それぞれ,経済学の専門誌より改訂要求が来ており,現在,鋭意改訂をしている最中にある.前者は,非伝統的金融政策の効果をベースマネーの増加による「量的効果」と中央銀行バランスシート上の非伝統的金融資産資産の増加による「質的効果」に分けた上で,それらのマクロ経済への影響を厳密に測定するための新しい計量アプローチを提案している論文である.後者は,銀行資本の監査厳格化が,規制資本の増加をもたらす一方,銀行株主資本の価値を減少せしめ,貸し渋りをもたらすメカニズムを理論モデルによって提示している.さらに,この理論的洞察を下地に,日本の1990年代後半の早期是正措置を取り上げ,邦銀システム全体で,早期是正措置実施後に,規制資本が増加しているにも関わらず,株式資本価値が大きく減少し,貸し渋りが発生している状況を因果推論の手法を援用することによって実証している.これらの2つの研究以外の研究についても,改訂作業や投稿作業を通じて,引き続き公刊を目指して心血を注いでいく所存である.

Report

(4 results)
  • 2020 Annual Research Report
  • 2019 Research-status Report
  • 2018 Research-status Report
  • 2017 Research-status Report
  • Research Products

    (44 results)

All 2021 2020 2019 2018 2017 Other

All Journal Article (16 results) (of which Peer Reviewed: 4 results,  Open Access: 13 results) Presentation (19 results) (of which Int'l Joint Research: 15 results,  Invited: 3 results) Remarks (9 results)

  • [Journal Article] Cash Usage Tredns in Japan: Evidence Using Aggregate and Household Survey Data2021

    • Author(s)
      Hiroshi Fujiki and Kiyotaka Nakashima
    • Journal Title

      Conference Volume International Cash Conference 2019 Deutsche Bundesbank:Cash in the Age of Diversity

      Volume: - Pages: 188-217

    • Related Report
      2020 Annual Research Report
    • Open Access
  • [Journal Article] The Emergence of a Parallel World: The Misperception Problem for Bank Balance Sheet Risk and Lending Behavior2021

    • Author(s)
      Kiyotaka Nakashima and Koji Takahashi
    • Journal Title

      SSRN

      Volume: -

    • DOI

      10.2139/ssrn.3284379

    • Related Report
      2020 Annual Research Report 2019 Research-status Report
    • Open Access
  • [Journal Article] Credit Allocation and Real Effects of Negative Interest Rates: New Micro-Evidence from Japan2021

    • Author(s)
      Kiyotaka Nakashima and Koji Takahashi
    • Journal Title

      SSRN

      Volume: -

    • DOI

      10.2139/ssrn.3828900

    • Related Report
      2020 Annual Research Report
    • Open Access
  • [Journal Article] The Time Has Come for Banks to Say Goodbye: New Evidence on Bank Roles and Duration Effects in Relationship Terminations2020

    • Author(s)
      Kiyotaka Nakashima and Koji Takahashi
    • Journal Title

      Journal of Banking and Finance

      Volume: - Pages: 105813-105813

    • DOI

      10.1016/j.jbankfin.2020.105813

    • Related Report
      2020 Annual Research Report 2019 Research-status Report
    • Peer Reviewed
  • [Journal Article] Cash Usage Trends in Japan: Evidence Using Aggregate and Household Survey Data2020

    • Author(s)
      Hiroshi Fujiki and Kiyotaka Nakashima
    • Journal Title

      DEUTSCHE BUNDESBANK, Cash in the Age of payment diversity - Conference Volume

      Volume: -

    • Related Report
      2019 Research-status Report
    • Peer Reviewed / Open Access
  • [Journal Article] The Sensitivity Effect of Uncertainty on Corporate Investment through Internal and External Financing: Evidence on Cautionary Channel from Japanese Manufacturing Firms2020

    • Author(s)
      Hitoshi Inoue, Masayo Kani, and Kiyotaka Nakashima
    • Journal Title

      SSRN Working Paper Series 3510011

      Volume: -

    • DOI

      10.2139/ssrn.3510011

    • Related Report
      2019 Research-status Report
    • Open Access
  • [Journal Article] The Impacts of Strengthening Regulatory Surveillance on Bank Behavior: A Dynamic Analysis from Incomplete to Complete Enforcement of Capital Regulation in Microprudential Policy2020

    • Author(s)
      Kiyotaka Nakashima and Toshiaki Ogawa
    • Journal Title

      SSRN Working Paper Series 3588085

      Volume: -

    • Related Report
      2019 Research-status Report
    • Open Access
  • [Journal Article] The Interaction Effect in a Nonlinear Specification of Bank Lending: A Replication and Reexamination of the Peek and Rosengren (2005) Results on “Unnatural Selection”2020

    • Author(s)
      Hitoshi Inoue, Kiyotaka Nakashima, and Koji Takahashi
    • Journal Title

      SSRN Working Paper Series 3542044

      Volume: -

    • DOI

      10.2139/ssrn.3542044

    • Related Report
      2019 Research-status Report
    • Open Access
  • [Journal Article] Risk Taking Channel of Unconventional Monetary Policies in Bank Lending2020

    • Author(s)
      Kiyotaka Nakashima, Masahiko Shibamoto, and Koji Takahashi
    • Journal Title

      SSRN Working Paper Series 3044582

      Volume: -

    • DOI

      10.2139/ssrn.3044582

    • Related Report
      2019 Research-status Report
    • Open Access
  • [Journal Article] Identifying Quantitative and Qualitative Monetary Policy Shocks2020

    • Author(s)
      Kiyotaka Nakashima, Masahiko Shibamoto, and Koji Takahashi
    • Journal Title

      SSRN Working Paper Series 2960272

      Volume: -

    • DOI

      10.2139/ssrn.2960272

    • Related Report
      2019 Research-status Report
    • Open Access
  • [Journal Article] The Emergence of a Parallel World: The Misperception Problem for Bank Balance Sheet and Lending Behavior2019

    • Author(s)
      Hitoshi Inoue, Kiyotaka Nakashima, and Koji Takahashi
    • Journal Title

      SSRN

      Volume: -

    • Related Report
      2018 Research-status Report
    • Open Access
  • [Journal Article] Identifying Quantitative and Qualitative Monetary Policy Shocks2019

    • Author(s)
      Kiyotaka Nakashima, Masahiko Shibamoto, and Koji Takahashi
    • Journal Title

      SSRN

      Volume: -

    • Related Report
      2018 Research-status Report
    • Open Access
  • [Journal Article] Risk-Taking Channel of Unconventional Monetary Policies in Bank Lending2019

    • Author(s)
      Kiyotaka Nakashima, Masahiko Shibamoto, and Koji Takahashi
    • Journal Title

      SSRN

      Volume: -

    • Related Report
      2018 Research-status Report
    • Open Access
  • [Journal Article] Cash Usage Trends in Japan: Evidence Using Aggregate and Household Survey Data2018

    • Author(s)
      Hiroshi Fujiki and Kiyotaka Nakashima
    • Journal Title

      TCER Working Paper Series

      Volume: 39 Pages: 46-65

    • Related Report
      2018 Research-status Report
    • Open Access
  • [Journal Article] The Real Effects of Bank-driven Termination of Relationships: Evidence from Loan-level Matched Data2018

    • Author(s)
      Kiyotaka Nakashima and Koji Takahashi
    • Journal Title

      Journal of Financial Stability

      Volume: 39 Pages: 46-65

    • Related Report
      2018 Research-status Report
    • Peer Reviewed
  • [Journal Article] The Real Effects of Bank-Driven Termination of Relationships: Evidence from Loan-level Matched Data2018

    • Author(s)
      Kiyotaka Nakashima and Koji Takahashi
    • Journal Title

      Journal of Financial Stability

      Volume: -

    • Related Report
      2017 Research-status Report
    • Peer Reviewed
  • [Presentation] The Dynamic Effect of Uncertainty on Corporate Investment through Internal and External Financing2019

    • Author(s)
      Kani Masayo
    • Organizer
      The 2019 Paris Financial Management Conference
    • Related Report
      2019 Research-status Report
    • Int'l Joint Research
  • [Presentation] Cash Usage Trends in Japan: Evidence Using Aggregate and Household Survey Data2019

    • Author(s)
      Hiroshi Fujiki
    • Organizer
      The High Security Printing Asia Conference in Yokohama
    • Related Report
      2019 Research-status Report
    • Int'l Joint Research
  • [Presentation] Cash Usage Trends in Japan: Evidence Using Aggregate and Household Survey Data2019

    • Author(s)
      Hiroshi Fujiki
    • Organizer
      International Cash Conference at Deutsche Bundesbank
    • Related Report
      2019 Research-status Report
    • Int'l Joint Research / Invited
  • [Presentation] Identifying Quantitative and Qualitative Monetary Policy Shocks2019

    • Author(s)
      Masahiko Shibamoto, Kiyotaka Nakashima, and Koji Takahashi
    • Organizer
      The 2019 CEBRA Annual Meeting
    • Related Report
      2019 Research-status Report
    • Int'l Joint Research
  • [Presentation] Credit Allocation and Real Effects of Negative Interest Rates: Micro-Evidence in Japan2019

    • Author(s)
      Kiyotaka Nakashima
    • Organizer
      The International Conference on Computing in Economics and Finance
    • Related Report
      2019 Research-status Report
    • Int'l Joint Research
  • [Presentation] Credit Allocation and Real Effects of Negative Interest Rates: Micro-Evidence in Japan2019

    • Author(s)
      Koji Takahashi
    • Organizer
      第21回TCERマクロコンファレンス
    • Related Report
      2019 Research-status Report
    • Int'l Joint Research / Invited
  • [Presentation] Credit Allocation and Real Effects of Negative Interest Rates: Micro-Evidence in Japan2019

    • Author(s)
      Kiyotaka Nakashima
    • Organizer
      日本経済学会秋季大会
    • Related Report
      2019 Research-status Report
  • [Presentation] The Impacts of Strengthening Regulatory Surveillance on Bank Behavior in Microprudential Policy2019

    • Author(s)
      Toshiaki Ogawa
    • Organizer
      日本経済学会秋季大会
    • Related Report
      2019 Research-status Report
  • [Presentation] Identifying Quantitative and Qualitative Monetary Policy Shocks2019

    • Author(s)
      Kiyotaka Nakashima
    • Organizer
      Columbia University VF Seminar
    • Related Report
      2019 Research-status Report
  • [Presentation] Identifying Quantitative and Qualitative Monetary Policy Shocks2019

    • Author(s)
      Kiyotaka Nakashima
    • Organizer
      日本銀行金融研究所研究セミナー
    • Related Report
      2019 Research-status Report
    • Invited
  • [Presentation] Identifying Quantitative and Qualitative Monetary Policy Shocks2019

    • Author(s)
      Masahiko Shibamoto
    • Organizer
      Annual Meeting at Federal Reserve Bank of New York and Columbia University, Columbia University
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Presentation] Credit Allocation and Real Effects of Negative Interest Rates: Micro-Evidence from Japan2019

    • Author(s)
      Kiyotaka Nakashima
    • Organizer
      The International Conference on Computing in Economics and Finance, Carleton University, Ottawa
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Presentation] The Emergence of a Parallel World: The Misperception Problem for Bank Balance Sheet and Lending Behavior2019

    • Author(s)
      Hitoshi Inoue
    • Organizer
      The Australian Meeting of the Econometric Society, Perth
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Presentation] Risk-Taking Channel of Unconventional Monetary Policies in Bank Lending2018

    • Author(s)
      Kiyotaka Nakashima
    • Organizer
      The North American Meeting of the Econometric Society, University of California, Davis
    • Related Report
      2018 Research-status Report 2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] Risk-Taking Channel of Unconventional Monetary Policies in Bank Lending2018

    • Author(s)
      Kiyotaka Nakashima
    • Organizer
      The Royal Economic Society Annual Meeting, University of Sussex, Brighton
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Presentation] Identifying Unconventional Monetary Policy Shocks2018

    • Author(s)
      Masahiko Shibamoto
    • Organizer
      The International Association for Applied Econometrics Annual Conference
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] Identifying Unconventional Monetary Policy Shocks2018

    • Author(s)
      Kiyotaka Nakashima
    • Organizer
      he China Meeting of the Econometric Society, Fudan University, Shanghai
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] The Emergence of a Parallel World: The Misperception Problem for Bank Balance Sheet and Lending Behavior2018

    • Author(s)
      Hitoshi Inoue
    • Organizer
      The Asian Meeting of the Econometric Society, Sogang University, Seoul
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] Risk-Taking Channel of Unconventional Monetary Policies in Bank Lending2017

    • Author(s)
      Kiyotaka Nakashima
    • Organizer
      The European Meeting of the Econometric Society, ISCTU-IUL, Lisbon
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Remarks] 研究者ホームページ

    • URL

      http://kiyotaka.sakura.ne.jp/

    • Related Report
      2020 Annual Research Report
  • [Remarks] ACADEMIA

    • URL

      https://independent.academia.edu/NakashimaKiyotaka

    • Related Report
      2020 Annual Research Report
  • [Remarks] ResearchGate

    • URL

      https://www.researchgate.net/profile/Kiyotaka-Nakashima

    • Related Report
      2020 Annual Research Report
  • [Remarks] SSRN

    • URL

      https://privpapers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=1549748

    • Related Report
      2020 Annual Research Report
  • [Remarks] Kiyotaka Nakashima

    • URL

      http://kiyotaka.sakura.ne.jp/

    • Related Report
      2019 Research-status Report
  • [Remarks] 教員・研究者詳細 中島清貴

    • URL

      https://researchers.adm.konan-u.ac.jp/html/205_ronbn_1_ja.html

    • Related Report
      2019 Research-status Report
  • [Remarks] Academia

    • URL

      https://konan-u.academia.edu/KiyotakaNakashima

    • Related Report
      2019 Research-status Report
  • [Remarks] Researchgate

    • URL

      https://www.researchgate.net/profile/Kiyotaka_Nakashima

    • Related Report
      2019 Research-status Report
  • [Remarks]

    • URL

      http://sky.geocities.jp/kiyotaka_nakashima

    • Related Report
      2017 Research-status Report

URL: 

Published: 2017-04-28   Modified: 2021-12-27  

Information User Guide FAQ News Terms of Use Attribution of KAKENHI

Powered by NII kakenhi