Theoretical and Policy Analyses on the Multiple Financial Crises
Project/Area Number |
26780185
|
Research Category |
Grant-in-Aid for Young Scientists (B)
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Allocation Type | Multi-year Fund |
Research Field |
Money/ Finance
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Research Institution | Niigata University |
Principal Investigator |
Nakata Takeshi 新潟大学, 人文社会・教育科学系, 准教授 (70509439)
|
Project Period (FY) |
2014-04-01 – 2018-03-31
|
Project Status |
Completed (Fiscal Year 2017)
|
Budget Amount *help |
¥2,210,000 (Direct Cost: ¥1,700,000、Indirect Cost: ¥510,000)
Fiscal Year 2017: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2016: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2015: ¥260,000 (Direct Cost: ¥200,000、Indirect Cost: ¥60,000)
Fiscal Year 2014: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
|
Keywords | 預金取り付け / 公的債務危機 / 規律付け / ソブリン債 / グローバル・ゲーム / 預金取付 / 金融危機 / 公的債務 |
Outline of Final Research Achievements |
First, I construct a two country model where bank runs and sovereign debt crises occur simultaneously. I explore the condition in which a contagion occurs and examine when a bailout of another country improves overall welfare. Second, I analyze the financial contagion between a banking sector and a financial market and explore the disciplining effect of demand deposit. Furthermore, I analyze how the precision of information affects these crises. These studies were presented at the conferences such as 2017 Royal Economic Society Annual Conference.
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Report
(5 results)
Research Products
(6 results)