| Budget Amount *help |
¥14,300,000 (Direct Cost: ¥11,000,000、Indirect Cost: ¥3,300,000)
Fiscal Year 2012: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
Fiscal Year 2011: ¥2,600,000 (Direct Cost: ¥2,000,000、Indirect Cost: ¥600,000)
Fiscal Year 2010: ¥2,600,000 (Direct Cost: ¥2,000,000、Indirect Cost: ¥600,000)
Fiscal Year 2009: ¥2,730,000 (Direct Cost: ¥2,100,000、Indirect Cost: ¥630,000)
Fiscal Year 2008: ¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000)
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| Research Abstract |
This research project examined the effects of financial system reform and financial institution improvement on real economy. It empirically examined recent important legal rules, such as bankruptcy law, corporate law or rules of takeover protections, and explored how these rules related to Japanese financial system has actually affected to the real economy and it derived that these regal rules had some strong impacts. Furthermore, this research applied these results to examine how financial system affects macro dynamics and dynamics of asset prices, such as asset bubbles. By using of macro dynamics model with financial imperfection, it has derived that financial imperfection and emergence of bubbles has non-linear relation, and the effects of bubbles on economic growth is much affected by the conditions of financial system, and the desirable bailout policy and the condition of financial system is closely related.
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