Empirical Analysis for the Effects of the Currency Substitution on the Monetary Policy Management and the Optimal Exchange Rate Regime in Asian Countries

• Project/Area Number: 21730245
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Single-year Grants
• Research Field: Public finance/Monetary economics
• Research Institution: Fukushima University
• Principal Investigator: KUMAMOTO Hisao 福島大学, 経済経営学類, 准教授 (30375349)
• Project Period (FY): 2009 – 2011
• Project Status: Completed (Fiscal Year 2011)
• Budget Amount: ¥2,600,000 (Direct Cost: ¥2,000,000、Indirect Cost: ¥600,000); Fiscal Year 2011: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000); Fiscal Year 2010: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000); Fiscal Year 2009: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
• Keywords: アジア諸国 / 為替相場制度 / 通貨代替 / 履歴効果

Research Abstract

We investigated whether the ratchet effects or the hysteresis effects in currency substitution exist in Asian countries during 2000s. As a result, we showed that there exist the hysteresis effects in currency substitution in these Asian countries. This result states that it is very important to make consideration the existence of currency substitution for selecting the optimal exchange rate system.

Research Products

• [Journal Article] インドネシアにおける通貨代替の実証分析 (2012)
  • Author(s): 熊本尚雄
  • Journal Title: 商学論集 Volume: 第80巻、第4号 Pages: 99-108
  • NAID: 40019294528
  • Peer Reviewed
• [Journal Article] 漁業協同組合における経営改善・漁業振興に関する取り組み-魚津漁業協同組合の事例- (2010)
  • Author(s): 熊本尚雄、阿部高樹、井上健、初澤敏生
  • Journal Title: 商学論集 Volume: 第79巻、第1号 Pages: 57-68
  • NAID: 40017209386
  • Peer Reviewed
• [Journal Article] Hysteresis Effects of Currency Substitution (2010)
  • Author(s): Hisao Kumamoto
  • Journal Title: 商学論集 Volume: 第78巻、第4号 Pages: 113-119
  • NAID: 40017099294
  • Peer Reviewed
• [Journal Article] Hysteresis Effects of Currency Substitution (2010)
  • Author(s): Hisao Kumamoto
  • Journal Title: Journal of Commerce, Economics and Economic History(『商学論集』) 78巻 Pages: 113-119
  • NAID: 40017099294
  • Peer Reviewed
• [Journal Article] ハマグリ漁におけるプール制について-鹿島灘漁協、はさき漁協、大洗町漁協の事例- (2009)
  • Author(s): 小島彰、初澤敏生、阿部高樹、井上健、熊本尚雄
  • Journal Title: 福島大学研究年報 Volume: 第5号 Pages: 33-38
  • NAID: 120001968739