International reserve accumulation, exchange rate policy and Japanese economy.

• Project/Area Number: 20730210
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Single-year Grants
• Research Field: Public finance/Monetary economics
• Research Institution: Kinki University
• Principal Investigator: HOSHIKAWA Takeshi Kinki University, 経済学部, 講師 (20467674)
• Project Period (FY): 2008 – 2010
• Project Status: Completed (Fiscal Year 2010)
• Budget Amount: ¥3,380,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥780,000); Fiscal Year 2010: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000); Fiscal Year 2009: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000); Fiscal Year 2008: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
• Keywords: 為替相場 / 外国為替市場介入 / 外貨準備 / 株価 / 国際金融 / 日本経済 / 実証分析 / 為替介入 / 為替予想 / GARCH / ボラティリティ

Research Abstract

The Japanese foreign reserve increased rapidly in the 1990's. This research characterizes empirically how the Japanese foreign exchange policy has influenced the exchange rate, exchange rate volatility and stock price.

Research Products

• [Journal Article] 外国為替市場介入の株価に対する影響 (2011)
  • Author(s): 星河武志
  • Journal Title: Working Paper Series, Faculty of Economics, Kinki University No.E-16
• [Journal Article] 外国為替市場介入の株価に対する影響 (2011)
  • Author(s): 星河武志
  • Journal Title: Working Paper Series, Faculty of Economics, Kinki University Volume: E-16(未定)
• [Journal Article] A note on the yen/dollar rate without foreign exchange intervention. (2010)
  • Author(s): Hoshikawa, Takeshi, Keiko Yamaguchi.
  • Journal Title: Working Paper Series, Faculty of Economics, Kinki University No.E-13
• [Journal Article] A note on the yen/dollar rate without foreign exchange intervention (2010)
  • Author(s): Takeshi HOSHIKAWA, Keiko YAMAGUCHI
  • Journal Title: Working Paper Series, Faculty of Economics, Kinki University No.E-13 Pages: 1-7
• [Journal Article] Impulse Response Function of the Exchange Rate Volatility to a Foreign Exchange Intervention Shock. (2009)
  • Author(s): Hoshikawa, Takeshi.
  • Journal Title: 生駒経済論叢 第7巻第1号 Pages: 599-617
• [Journal Article] Impulse Response Function of the Exchange Rate Volatility to a Foreign Exchange Intervention Shock (2009)
  • Author(s): 星河武志
  • Journal Title: 生駒経済論叢 第7巻第1号 Pages: 599-617
• [Presentation] A note on the yen/dollar rate without foreign exchange intervention. (2009)
  • Author(s): Hoshikawa, Takeshi, Keiko Yamaguchi.
  • Organizer: International Forum on East Asian Economic Cooperation and Growth Under the Global Financial Crisis
  • Place of Presentation: 中央財経大学,北京(中国)(口頭発表)
  • Year and Date: 2009-10-31
• [Presentation] A note on the yen/dollar rate without foreign exchange intervention (2009)
  • Author(s): Keiko YAMAGUCHI
  • Organizer: International Forum On East Asian Economic Cooperation and Growth Under the Global Financial Crisis
  • Place of Presentation: 中央財経大学、北京
  • Year and Date: 2009-10-31
• [Presentation] 外国為替市場介入と為替相場の経路 (2009)
  • Author(s): 星河武志
  • Organizer: 日本金融学会国際金融部会
  • Place of Presentation: 近畿大学
  • Year and Date: 2009-04-11
• [Presentation] 外国為替市場介入のシグナリング効果の検証 (2008)
  • Author(s): 星河武志
  • Organizer: 第49回金融経済研究会
  • Place of Presentation: 岡山大学
  • Year and Date: 2008-06-28
• [Remarks] ホームページ等
  • URL: http://www.eco.kindai.ac.jp/hoshikawa/others/data.html
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  • URL: http://www.eco.kindai.ac.jp/hoshikawa/others/data.html
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  • URL: http://www.eco.kindai.ac.jp/hoshikawa/others/data.html