The Global Financial Crisis and Its Effects on Currencies and Finance: Evaluation Methods Revisited
| Project/Area Number |
25285098
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| Research Category |
Grant-in-Aid for Scientific Research (B)
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| Allocation Type | Partial Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Money/ Finance
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| Research Institution | Hitotsubashi University |
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Principal Investigator |
OGAWA Eiji 一橋大学, 大学院商学研究科, 教授 (80185503)
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| Co-Investigator(Kenkyū-buntansha) |
TAKAOKA Koichiro 一橋大学, 大学院商学研究科, 教授 (50272662)
NAKAMURA Hisashi 一橋大学, 大学院商学研究科, 准教授 (80418649)
TAKAMIZAWA Hideyuki 一橋大学, 大学院商学研究科, 准教授 (60361854)
KOBAYASHI Kenta 一橋大学, 大学院商学研究科, 准教授 (60432902)
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| Co-Investigator(Renkei-kenkyūsha) |
MISUMI Takashi 一橋大学, 大学院商学研究科, 教授 (00229684)
IKEMORI Toshifumi 一橋大学, 大学院商学研究科, 特任教授 (00711889)
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| Project Period (FY) |
2013-04-01 – 2016-03-31
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| Project Status |
Completed (Fiscal Year 2015)
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| Budget Amount *help |
¥17,420,000 (Direct Cost: ¥13,400,000、Indirect Cost: ¥4,020,000)
Fiscal Year 2015: ¥5,330,000 (Direct Cost: ¥4,100,000、Indirect Cost: ¥1,230,000)
Fiscal Year 2014: ¥4,680,000 (Direct Cost: ¥3,600,000、Indirect Cost: ¥1,080,000)
Fiscal Year 2013: ¥7,410,000 (Direct Cost: ¥5,700,000、Indirect Cost: ¥1,710,000)
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| Keywords | 世界金融危機 / 国際金融 / 数理ファイナンス / 金利 / 通貨価値 / 株式市場 / 量的緩和 / 無裁定条件 / モラルハザード / 金融危機 / 金利・為替 / 質への逃避 / 金融論 / 応用数学 |
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| Outline of Final Research Achievements |
Since the recent global financial crisis, it has been a pressing need to develop new models of valuation of interest rates and exchange rates. To fill the need, this research project investigated structural changes of financial systems and monetary/exchange rate policies and explored new valuation methods of asset pricing under financial frictions (such as default, information costs, and behavioral inefficiencies). Moreover, from the research work, we drew political implications of financial markets, financial regulation and monetary/exchange rate policies. We published a book, which collected the research papers produced in this research project, entitled "The Global Financial Crisis and Its Effects on Currencies and Finance: Evaluation Methods Revisited" (In Japanese. University of Tokyo Press, March 2016).
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Report
(4 results)
Research Products
(63 results)
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[Presentation] Moral Hazard Premium2015
Author(s)
Hisashi Nakamura
Organizer
Econometric Society World Congress
Place of Presentation
Palais des congress de Montreal, Montreal, Canada
Year and Date
2015-08-20
Related Report
Int'l Joint Research / Invited
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[Presentation] Moral Hazard Premium2015
Author(s)
Hisashi Nakamura
Organizer
World Risk and Insurance Economics Congress (WRIEC)
Place of Presentation
Ludwig-Maximilians-Universitat Munchen, Munich, Germany
Year and Date
2015-08-06
Related Report
Int'l Joint Research / Invited
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[Book] 東アジア統合の経済学2013
Author(s)
小川英治, 川崎健太郎, 伊藤恵子, 石戸光, 田中清泰, 佐藤仁志, 町北朋洋, 本間正義, 渡邊頼純, 熊谷聡, 坪田建明, 鍋嶋郁, 黒岩郁雄
Total Pages
384
Publisher
日本評論社
Related Report
