Analysis of dynamic models of systemic financial crises
| Project/Area Number |
23330061
|
|---|
| Research Category |
Grant-in-Aid for Scientific Research (B)
|
| Allocation Type | Single-year Grants |
|---|
| Section | 一般 |
|---|
| Research Field |
Economic theory
|
|---|
| Research Institution | Research Institute of Economy, Trade and Industry (2013-2015)
Hitotsubashi University (2011-2012) |
|---|
Principal Investigator |
Kobayashi Keiichiro 独立行政法人経済産業研究所, 研究グループ, ファカルティフェロー (60371184)
|
|---|
| Research Collaborator |
NAKAJIMA Tomoyuki 京都大学, 経済研究所, 教授
|
|---|
| Project Period (FY) |
2011-04-01 – 2016-03-31
|
| Project Status |
Completed (Fiscal Year 2015)
|
| Budget Amount *help |
¥6,240,000 (Direct Cost: ¥4,800,000、Indirect Cost: ¥1,440,000)
Fiscal Year 2015: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2014: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2013: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2012: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2011: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
|
|---|
| Keywords | 不良債権 / 銀行取付 / システミックな金融危機 / 貨幣の流通速度 / システミックな銀行危機 / 動学的一般均衡モデル / 銀行とりつけ / 世界的金融危機 / マクロ経済政策 / Diamond-Rajanモデル |
|---|
| Outline of Final Research Achievements |
I develop a macroeconomic model in which nonperforming loans cause recession and lower economic growth. I also develop a model of bank runs a la Diamond and Rajan, which explain the systemic liquidity crisis. These models are useful to deeply understand the mechanism of financial crises and we can find new policy implications from these models.
|
Report
(6 results)
Research Products
(11 results)
