| Budget Amount *help |
¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
Fiscal Year 2014: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2013: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2012: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
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| Outline of Final Research Achievements |
The research project analyzed macroeconomic model to help better understanding the mechanism behind financial crises and policy interventions for crisis prevention. For this purpose, I relied on microeconomic theory on banking. In particular, I used the banking theory that explicitly models maturity mismatch and risks of financial crises that the banking sector is faced with. The analyses in this project provided the implications of macroeconomic environment and pecuniary externality in the banking sector for the frequency of financial crises. The analyses also discussed policy intervention to reduce the crisis probability.
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