Theoretical and Experimental studies on Financial contagion due to Accounting system
| Project/Area Number |
26590026
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| Research Category |
Grant-in-Aid for Challenging Exploratory Research
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| Allocation Type | Multi-year Fund |
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| Research Field |
Economic theory
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| Research Institution | University of Tsukuba |
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Principal Investigator |
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| Project Period (FY) |
2014-04-01 – 2016-03-31
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| Project Status |
Completed (Fiscal Year 2015)
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| Budget Amount *help |
¥3,510,000 (Direct Cost: ¥2,700,000、Indirect Cost: ¥810,000)
Fiscal Year 2015: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
Fiscal Year 2014: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
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| Keywords | 時価会計制度 / 金融危機 / 流動性 / バブル / 資産市場 / 実験経済学 / 時価会計 / 銀行規制 / 流動性危機 / 国際研究者交流 / フランス：アメリカ / 銀行取り付け / 情報の非対称性 / 独占的競争 |
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| Outline of Final Research Achievements |
In this study, I have both theoretical and experimental studies on mark-to-market accounting systems. In the theoretical work, I show that the system encourages financial contagion, and that banks will go bankrupt even when the banks prepare the liquidity crises.
In the experimental work, we have experiments to study how subjects recognize the public information of accounting. The, we have the following results: (1) the subjects who have more information do not necessarily obtain the higher rewards, and (2) When the subjects obtains the higher rewards, they have the better strategy due to the information advantage.
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Report
(3 results)
Research Products
(12 results)
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[Presentation] Repeated Bilateral Contracting under Unawareness2015
Author(s)
Ryuichiro Ishikawa
Organizer
,”Joint conferenceLogic, Game Theory, and Social Choice 8” and The 8th Pan-Pacific Conference on Game Theory” (LGS 8 & 8 PPCGT)
Place of Presentation
the Institute of Economics, Academia Sinica in Taipei, Taiwan
Year and Date
2015-05-21
Related Report
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