International Credit Channel of Monetary Policy : A Case of Australia and New Zealand

• Project/Area Number: 18530248
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Single-year Grants
• Section: 一般
• Research Field: Public finance/Monetary economics
• Research Institution: Kansai University (2008); Ryukoku University (2006-2007)
• Principal Investigator: SUZUKI Tomoya Kansai University, 経済学部, 准教授 (40411285)
• Project Period (FY): 2006 – 2008
• Project Status: Completed (Fiscal Year 2008)
• Budget Amount: ¥2,360,000 (Direct Cost: ¥2,000,000、Indirect Cost: ¥360,000); Fiscal Year 2008: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000); Fiscal Year 2007: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000); Fiscal Year 2006: ¥800,000 (Direct Cost: ¥800,000)
• Keywords: ベクトル自己回帰モデル / 金融政策 / クレジット・チャネル / 銀行 / 開放経済

Research Abstract

金融市場統合の極端な例として、A国の銀行がB国の銀行市場を占拠したとする。このとき、もしA国の金融が引き締められると、銀行はより高い金利を求めてB国からA国へ資金を移すかもしれない。その場合、B国では貸付可能資金が減って金融が引締められたかのような事態が起こる。本研究の仮説は「金融市場の統合された二国間では、金融ショックが銀行の資金移動を通じて国家間で伝播する」である。本研究はこの仮説の成立を豪州とニュージーランドのデータから実証している。

Research Products

• [Journal Article] International Credit Channel of Monetary Policy: An Empirical Note (2008)
  • Author(s): Tomoya Suzuki
  • Journal Title: Australian Economic Papers Vol.47 Pages: 396-407
  • Peer Reviewed
• [Journal Article] International Credit Channel of Monetary Policy : An Empirical Note (2008)
  • Author(s): Tomoya Suzuki
  • Journal Title: Australian Economic Papers. 47(December) Pages: 396-407
  • Peer Reviewed
• [Presentation] Credit Channel of Monetary Policy between Two Countries : Evidence from Australia and New Zealand (2008)
  • Author(s): Tomoya Suzuki
  • Organizer: Annual Conference of the Western Economic Association International
  • Place of Presentation: Sheraton Waikiki Hotel
  • Year and Date: 2008-07-03
• [Presentation] Credit Channel of Monetary Policy be tween Two Countries : Evidence from Australia and New Zealand (2008)
  • Author(s): Tomoya Suzuki
  • Organizer: 83rd Annual Conference of the Western Economic Association International
  • Place of Presentation: Sheraton Waikiki Hotel
  • Year and Date: 2008-07-03
• [Presentation] Transnational Credit Channel of Monetary Policy : Evidence from Australia and New Zealand (2008)
  • Author(s): Tomoya Suzuki
  • Organizer: NTU International Conference on Economics, Finance and Accounting
  • Place of Presentation: National Taiwan University
  • Year and Date: 2008-05-22
• [Presentation] Transnational Credit Channel of Monetary Policy : Evidence from Australia and New Zealand (2008)
  • Author(s): Tomoya Suzuki
  • Organizer: 6th NTU International Conference on Economics, Finance and Accounting
  • Place of Presentation: 台湾大学
  • Year and Date: 2008-05-22
• [Presentation] 金融統合下での外生的ショックの国家間伝 : ニュージーランドの事例から (2008)
  • Author(s): 鈴木智也
  • Organizer: 日本金融学会
  • Place of Presentation: 成城大学
  • Year and Date: 2008-05-17
• [Presentation] 金融統合下での外生的ショックの国家間伝播 : ニュージーランドの事例から (2008)
  • Author(s): 鈴木智也
  • Organizer: 日本金融学会 2008年度春季大会
  • Place of Presentation: 成城大学
  • Year and Date: 2008-05-17
• [Presentation] Credit Channel of Monetary Policy between Australia and New Zealand (2008)
  • Author(s): Tomoya Suzuki
  • Organizer: Australasian Macroeconomics Workshop
  • Place of Presentation: University of Sydney
  • Year and Date: 2008-03-27
• [Presentation] Credit Channel of Monetary Policy between Australia and New Zealand (2008)
  • Author(s): 鈴木 智也
  • Organizer: Australasian Macroeconomics Workshop
  • Place of Presentation: シドニー大学(豪州)
  • Year and Date: 2008-03-27
• [Presentation] International Transmission of Monetary Shocks, Case of Australia and New Zealand (2006)
  • Author(s): Tomoya Suzuki
  • Organizer: Australian Conference of Economists
  • Place of Presentation: Curtin University of Technology
  • Year and Date: 2006-09-26
• [Presentation] 銀行貸出を通じた金融政策ショックの国際的な伝播 : 豪州とニュージーランドの場合 (2006)
  • Author(s): 鈴木智也
  • Place of Presentation: 小樽商科大学
  • Year and Date: 2006-09-10