Macroeconomic analysis of agency costs in financial intermediation under informational asymmetry
| Project/Area Number |
22730251
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Hitotsubashi University |
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Principal Investigator |
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| Project Period (FY) |
2010 – 2011
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| Project Status |
Completed (Fiscal Year 2011)
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| Budget Amount *help |
¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
Fiscal Year 2011: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
Fiscal Year 2010: ¥2,340,000 (Direct Cost: ¥1,800,000、Indirect Cost: ¥540,000)
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| Keywords | エージェンシーコスト / 金融仲介 / 信用リスク / 連続時間確率解析 |
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| Research Abstract |
This research looks at the agency problem in financial intermediation under informational asymmetry. It provides a theoretical and numerical framework to analyze the effect of the problem on macroeconomic dynamics of business cycles and asset prices, interest rates by using dynamic macroeconomic general equilibrium models. Using this framework, I draw policy implications of macro-prudence policy conducting.
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Report
(3 results)
Research Products
(18 results)
