2009 Fiscal Year Final Research Report
Analysis of the influence of short-termism on the stability of financial system
| Project/Area Number |
19730223
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Nagoya University |
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Principal Investigator |
KATSUTOSHI Shimizu Nagoya University, 大学院・経済学研究科, 准教授 (80292746)
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| Project Period (FY) |
2007 – 2009
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| Keywords | 金融論 |
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| Research Abstract |
I analyzed whether short-termism caused the instability of financial markets to produce three papers. In the first paper, I empirically investigated what role the quantitative easing monetary policy of Bank of Japan during the first half of 2000s played. In the second paper, I studied how Japanese depositors withdrew their deposits myopically during the financial crisis period. In the last paper, I investigated how the behavior of Shinkin banks influenced the bankruptcy of small enterprises in the local credit market.
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