2012 Fiscal Year Final Research Report
Role of Financial intermediation and monetary policy in order to urge innovation of firms
| Project/Area Number |
21730262
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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 | Nihon University |
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Principal Investigator |
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| Project Period (FY) |
2009 – 2012
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| Keywords | ミクロ経済 / モラルハザード / 金融論 |
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| Research Abstract |
This research investigates the role of financial intermediation and monetary policy in order to enhance innovation of firms. I especially focus on the role of coordination among creditors and show that absolute priority rule violation or capital injections to large debt holders may be justified.
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