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Bank of Japan undertaking government bond issuance and the Syndicate Banks: Consideration of the Trinity with the Ministry of Finance, the Bank of Japan and the syndicate banks.

Research Project

Project/Area Number 25380441
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Economic history
Research InstitutionReitaku University

Principal Investigator

SATO Masanori  麗澤大学, 経済学部, 教授 (10192600)

Co-Investigator(Kenkyū-buntansha) EHIRO Akira  甲南大学, 経済学部, 教授 (70268514)
KAMIYAMA Tuneo  明治学院大学, 経済学部, 教授 (50221891)
Project Period (FY) 2013-04-01 – 2016-03-31
Project Status Completed (Fiscal Year 2015)
Budget Amount *help
¥4,940,000 (Direct Cost: ¥3,800,000、Indirect Cost: ¥1,140,000)
Fiscal Year 2015: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2014: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2013: ¥2,860,000 (Direct Cost: ¥2,200,000、Indirect Cost: ¥660,000)
Keywords日銀国債引受 / 高橋財政 / 国債引受シンジケート / 国債市場 / 高橋是清 / 井上準之助 / 深井英五 / 池田成彬 / 日銀引受国債発行
Outline of Final Research Achievements

This study examined the total picture of the Bank of Japan undertaking government bond issuance in Japan before World War II mainly on the 1930s. In addition to analysis from the Ministry of Finance (publication side) and the Bank of Japan (undertaking side) which a past study reclaimed, this study paid its attention to government bonds undertaking syndicate Banks which was a main buyer (purchase side). And performed consideration of these Trinity、syndicate banks and the Ministry of Finance and the Bank of Japan. Through this, this study clarified the basic structure of the government bonds buying and selling market by the Bank of Japan.

Report

(4 results)
  • 2015 Annual Research Report   Final Research Report ( PDF )
  • 2014 Research-status Report
  • 2013 Research-status Report
  • Research Products

    (6 results)

All 2016 2015 Other

All Journal Article (1 results) (of which Open Access: 1 results) Presentation (4 results) Book (1 results)

  • [Journal Article] 高橋財政期の国債消化力とは何だったのか―日銀売りオペとシンジケート銀行―2015

    • Author(s)
      佐藤政則
    • Journal Title

      経済志林

      Volume: 82巻4号 Pages: 191-204

    • Related Report
      2014 Research-status Report
    • Open Access
  • [Presentation] 「国債消化力」はどのように認識され拡充されたのか?―国債引受シンジケート銀行と売りオペ―

    • Author(s)
      佐藤政則
    • Organizer
      日本金融学会
    • Place of Presentation
      名古屋大学
    • Related Report
      2013 Research-status Report
  • [Presentation] 国債引受シンジケート銀行と売りオペ

    • Author(s)
      佐藤政則
    • Organizer
      政治経済学・経済史学会
    • Place of Presentation
      下関市立大学
    • Related Report
      2013 Research-status Report
  • [Presentation] 静寂な始まりは何を意味したのか?―1932年における国債発行方式の転換プロセス―

    • Author(s)
      永廣 顕
    • Organizer
      日本金融学会
    • Place of Presentation
      名古屋大学
    • Related Report
      2013 Research-status Report
  • [Presentation] 1932年における国債発行方式の転換プロセス

    • Author(s)
      永廣 顕
    • Organizer
      政治経済学・経済史学会
    • Place of Presentation
      下関市立大学
    • Related Report
      2013 Research-status Report
  • [Book] 日本銀行と高橋是清―金融財政ガバナンスの研究序説2016

    • Author(s)
      佐藤政則
    • Total Pages
      235
    • Publisher
      麗澤大学出版会
    • Related Report
      2015 Annual Research Report

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Published: 2014-07-25   Modified: 2019-07-29  

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