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2018 Fiscal Year Annual Research Report

Global Value Chains and Optimal Exchange Rate Policy: Resilience against Economic and Exchange Rate Shock

Research Project

Project/Area Number 16H03638
Research InstitutionYokohama National University

Principal Investigator

佐藤 清隆  横浜国立大学, 大学院国際社会科学研究院, 教授 (30311319)

Co-Investigator(Kenkyū-buntansha) 吉見 太洋  中央大学, 経済学部, 准教授 (30581798)
伊藤 恵子  中央大学, 商学部, 教授 (40353528)
清水 順子  学習院大学, 経済学部, 教授 (70377068)
川崎 健太郎  東洋大学, 経営学部, 教授 (80366509)
Project Period (FY) 2016-04-01 – 2019-03-31
Keywords国際金融 / 最適為替レート / 通貨統合 / 国際価値連鎖 / 経済ショックの波及
Outline of Annual Research Achievements

平成30年度の第一の成果として、平成28年7月8日~9日に横浜国立大学で開催した国際コンファレンスの発表論文の中から優れたものをNorth American Journal of Economics and Financeの特集ページ(Special section on “China's Rise and Financial Market Integration in East Asia: Issues and Prospects, Vol.46 (November 2018), pp.166-301)として掲載した。
第二の取り組みとして、平成30年12月7日~8日に寧波(中国)で、Edith Cowan University (Australia), KU Leuven (Belgium), Ningbo University (China)との共催による国際コンファレンスを開催した。同コンファレンスで発表された論文の中の優れたものは、査読を経てNorth American Journal of Economics and Financeの特集号(Special Issue on ”RMB Internationalization and Global Financial Markets Integration")に掲載される予定である。
第三に、本科研費メンバー各自が積極的に国内外の学会で研究発表を行った。16th International Convention of the East Asian Economic Association (Taipei); European Regional Science Association (ERSA) 58th Congress (Ireland); 日本金融学会春季大会・秋季大会;日本国際経済学会春季大会などである。

Research Progress Status

平成30年度が最終年度であるため、記入しない。

Strategy for Future Research Activity

平成30年度が最終年度であるため、記入しない。

  • Research Products

    (30 results)

All 2019 2018 Other

All Int'l Joint Research (4 results) Journal Article (7 results) (of which Int'l Joint Research: 3 results,  Peer Reviewed: 5 results) Presentation (15 results) (of which Int'l Joint Research: 10 results) Book (1 results) Funded Workshop (3 results)

  • [Int'l Joint Research] Edith Cowan University(オーストラリア)

    • Country Name
      AUSTRALIA
    • Counterpart Institution
      Edith Cowan University
  • [Int'l Joint Research] KU Leuven(ベルギー)

    • Country Name
      BELGIUM
    • Counterpart Institution
      KU Leuven
  • [Int'l Joint Research] Ningbo University/中国社会科学院(中国)

    • Country Name
      CHINA
    • Counterpart Institution
      Ningbo University/中国社会科学院
  • [Int'l Joint Research] University of Texas at San Antonio(米国)

    • Country Name
      U.S.A.
    • Counterpart Institution
      University of Texas at San Antonio
  • [Journal Article] Choosing between multiple regional trade agreements: Evidence from Japan’s imports2019

    • Author(s)
      Hayakawa Kazunobu、Urata Shujiro、Yoshimi Taiyo
    • Journal Title

      Review of International Economics

      Volume: 27 Pages: 578~593

    • DOI

      doi.org/10.1111/roie.12389

    • Peer Reviewed
  • [Journal Article] How Does Import Processing Time Impact Export Patterns?2019

    • Author(s)
      Hayakawa Kazunobu、Laksanapanyakul Nuttawut、Yoshimi Taiyo
    • Journal Title

      The World Economy

      Volume: 印刷中 Pages: 印刷中

    • DOI

      doi.org/10.1111/twec.12789

    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] 日本企業の貿易建値通貨選択の決定要因2019

    • Author(s)
      佐藤清隆・吉元宇楽
    • Journal Title

      財務省財務総合政策研究所『フィナンシャル・レビュー』

      Volume: 第136号 Pages: 100~117

  • [Journal Article] 日本企業の為替リスク管理とその効果の検証2019

    • Author(s)
      清水順子・佐藤清隆
    • Journal Title

      財務省財務総合政策研究所『フィナンシャル・レビュー』

      Volume: 第136号 Pages: 78~99

  • [Journal Article] Regional or global shock? A global VAR analysis of Asian economic and financial integration2018

    • Author(s)
      Ong Sheue Li、Sato Kiyotaka
    • Journal Title

      The North American Journal of Economics and Finance

      Volume: 46 Pages: 232~248

    • DOI

      doi.org/10.1016/j.najef.2018.04.009

    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] International use of the renminbi for invoice currency and exchange risk management: Evidence from the Japanese firm-level data2018

    • Author(s)
      Sato Kiyotaka、Shimizu Junko
    • Journal Title

      The North American Journal of Economics and Finance

      Volume: 46 Pages: 286~301

    • DOI

      doi.org/10.1016/j.najef.2018.04.013

    • Peer Reviewed
  • [Journal Article] Exchange rate pass-through at the individual product level: Implications for financial market integration2018

    • Author(s)
      Law Kai Po Jenny、Satoh Eiji、Yoshimi Taiyo
    • Journal Title

      The North American Journal of Economics and Finance

      Volume: 46 Pages: 261~271

    • DOI

      doi.org/10.1016/j.najef.2018.04.011

    • Peer Reviewed / Int'l Joint Research
  • [Presentation] Exporter Dynamics and Productivity Dispersion within Industry2019

    • Author(s)
      Keiko Ito
    • Organizer
      Western Economic Association International 15th International Conference
    • Int'l Joint Research
  • [Presentation] Exchange Rate Pass-Through and Export Competitiveness2018

    • Author(s)
      Sato, Kiyotaka, Junko Shimizu and Uraku Yoshimoto
    • Organizer
      日本金融学会2018年度春季大会
  • [Presentation] 日本企業の為替リスク管理とインボイス通貨選択:「2017年度日本企業の貿易建値通貨の選択に関するアンケート調査」結果2018

    • Author(s)
      伊藤隆敏・鯉渕賢・佐藤清隆・清水順子
    • Organizer
      日本金融学会2018年度秋季大会
  • [Presentation] Invoice Currency Choice in Malawi’s Imports from Asia: Any Evidence of Renminbi Internationalization?2018

    • Author(s)
      Lapukeni, Angella Faith and Kiyotaka Sato
    • Organizer
      JSPS EU-Japan Joint Workshop on Post-GFC (Global Financial Crisis) Integration in East Asia and Europe, Aix-Marseille School of Economics (AMSE), Aix-Marseille University
  • [Presentation] New Assessment of Asian Exchange Rate Policies: Application of the Markov-Switching Frankel-Wei Model2018

    • Author(s)
      Keddad, Benjamin and Kiyotaka Sato
    • Organizer
      JSPS EU-Japan Joint Workshop on Post-GFC (Global Financial Crisis) Integration in East Asia and Europe, Aix-Marseille School of Economics (AMSE), Aix-Marseille University
  • [Presentation] Uncertainty Effects of Chinese Renminbi on Asian Exchange Rate and Stock Return: A Bivariate GARCH-in-Mean VAR Analysis2018

    • Author(s)
      Ong, Sheue Li, Kiyotaka Sato and Zhaoyong Zhang
    • Organizer
      16th International Convention of the East Asian Economic Association
    • Int'l Joint Research
  • [Presentation] Invoice Currency Choice in Malawi’s Imports from Asia: Any Evidence of Renminbi Internationalization?2018

    • Author(s)
      Lapukeni, Angella Faith and Kiyotaka Sato
    • Organizer
      16th International Convention of the East Asian Economic Association
    • Int'l Joint Research
  • [Presentation] New Assessment of Asian Exchange Rate Policies: Application of the Markov-Switching Frankel-Wei Model2018

    • Author(s)
      Keddad, Benjamin and Kiyotaka Sato
    • Organizer
      16th International Convention of the East Asian Economic Association
    • Int'l Joint Research
  • [Presentation] Transmission of Trade Shocks: Does Price Really Matter?2018

    • Author(s)
      Sato, Kiyotaka and Nagendra Shrestha
    • Organizer
      16th International Convention of the East Asian Economic Association
    • Int'l Joint Research
  • [Presentation] Invoicing Currency Choice and Export Competitiveness: New Evidence from Japanese Export Firms2018

    • Author(s)
      Sato, Kiyotaka and Uraku Yoshimoto
    • Organizer
      16th International Convention of the East Asian Economic Association
    • Int'l Joint Research
  • [Presentation] Participation in the Global Value Chains and Productivity Catch-up: Microeconomic Evidence Based on the Firms from Indonesia and China2018

    • Author(s)
      Keiko Ito
    • Organizer
      日本国際経済学会 第8回春季大会
  • [Presentation] Participation in the Global Value Chains and Domestic Technology Change: Evidence from Japanese Patent-Firm-Matched Data2018

    • Author(s)
      Keiko Ito
    • Organizer
      16th International Convention of the East Asian Economic Association
    • Int'l Joint Research
  • [Presentation] Fixed costs of utilizing regional trade agreements2018

    • Author(s)
      Kazunobu Hayakawa, Naoto Jinji, Toshiyuki Matsuura and Taiyo Yoshimi
    • Organizer
      European Regional Science Association (ERSA) 58th Congress
    • Int'l Joint Research
  • [Presentation] Fixed costs of utilizing regional trade agreements2018

    • Author(s)
      Kazunobu Hayakawa, Naoto Jinji, Toshiyuki Matsuura and Taiyo Yoshimi
    • Organizer
      14th Asia Pacific Trade Seminars (APTS)
    • Int'l Joint Research
  • [Presentation] Tariff scheme choice2018

    • Author(s)
      Kazunobu Hayakawa, Nuttawut Laksanapanyakul and Taiyo Yoshimi
    • Organizer
      The International Conference of the Association of Korean Economic Studies on Korea and the World Economy XVII
    • Int'l Joint Research
  • [Book] Managing Currency Risk: How Japanese Firms Choose Invoicing Currency2018

    • Author(s)
      Ito, Takatoshi, Satoshi Koibuchi, Kiyotaka Sato and Junko Shimizu
    • Total Pages
      288
    • Publisher
      Edward Elgar
    • ISBN
      1785360124
  • [Funded Workshop] RIETI-IWEP-CESSA Joint-Workshop on Topics on International Finance: Exchange Rate and Currency2018

  • [Funded Workshop] 4th International Conference on China’s Rise and Internationalization: Challenges and Impacts Regionally and Globally2018

  • [Funded Workshop] CESSA International Seminar2018

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Published: 2019-12-27  

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