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Theoretical and empirical research on fluctuations in the value of US dollars and financial situation in financial and capital markets in the Pacific basin

Research Project

Project/Area Number 63410014
Research Category

Grant-in-Aid for General Scientific Research (A)

Allocation TypeSingle-year Grants
Research Field Public finance/Monetary economics
Research InstitutionKOBE UNIVERSITY

Principal Investigator

SHIMOMURA Kazuo (1989)  Kobe University, Research Institute for Economics and Business Administration, Associate Professor, 経済経営研究所, 助教授 (60116217)

藤田 正寛 (1988)  神戸大学, 経済経営研究所, 教授 (50031381)

Co-Investigator(Kenkyū-buntansha) ISHIGAKI Kenichi  Kobe University, Research Institute for Economics and Business Administration, P, 経済経営研究所, 教授 (40047486)
FUTATSUGI Yusaku  Kobe University, Faculty of Business Administration, Professor, 経営学部, 教授 (40030738)
MIKITANI Ryoichi  Kobe University, Faculty of Economics, Professor, 経済学部, 教授 (30030670)
MORI Akio  Kobe University, Faculty of Business Administration, Professor, 経営学部, 教授 (30030703)
FUJITA Masahiro  Himeji Dokkyo University, Faculty of Economics and Information Science, Professo, 経済情報学部, 教授 (50031381)
水島 一也  神戸大学, 経営学部, 教授 (70030707)
Project Period (FY) 1988 – 1989
Project Status Completed (Fiscal Year 1989)
Budget Amount *help
¥7,600,000 (Direct Cost: ¥7,600,000)
Fiscal Year 1989: ¥2,100,000 (Direct Cost: ¥2,100,000)
Fiscal Year 1988: ¥5,500,000 (Direct Cost: ¥5,500,000)
Keywordsfluctuations in the value of US dollars / financial, capital, foreign exchange markets / the nations in pacific basin / circulation of international funds / distribution of international funds / flow of international funds / 金融 / 資本 / 為替市場
Research Abstract

Sharp fluctuations in the value of US dollar since 1987 and the sudden and heavy fall of the New York stock market, involving the depreciation of US dollar, have brought serious impacts on not only the US economy but also the rest of the world including the financial markets in Japan and the countries in the southeast Asia and the Oceania. Our joint research, which originally planned to make for 4 years, started last fiscal year for the purposes of investigating the mutual relationship between finacial institutions in Japan and overseas financial institutions, particularly those in New York, Sydney, Singapore and Hong Kong, and seeking the optimal way of formulating their cooperation. The procedures of our research are as follows. We divided our research members to two sub-groups; (1) the one which is mainly concerned with financial markets and (2) the other which is mainly concerned with capital markets, and these groups respectively made fact-finding studies with respect to financial … More and capital markets with the following researchers who newly took part in our research group as collaborators, H.Yasui, K.Tanaka, M.Ishida, T.Jinushi and N.Yamori. We are going to propose some recommendations concerning international monetary policy which Japan can implement, based on the fact-finding studies and the analysis of information through a questionnaire for banks, stock companies and insurance companies by making use of the computer center at Research Institute for Economics and Business Administration, Kobe University. This financial year each group mentioned above held research meetings three times and the united meetings were held twice. In those meetings we discussed and worked together about the problems like in what way the internationalization of financial and capital markets in Japan could be prompted at an appropriate speed and the desirable volume of so-called Japan money. We also continue to construct money flow tables specialized to several regions and main currencies. Less

Report

(3 results)
  • 1989 Annual Research Report   Final Research Report Summary
  • 1988 Annual Research Report

Research Products

(12 results)

All Other

All Publications (12 results)

  • [Publications] 二木雄作: "流通市場のマクロ的機能" 国民経済雑誌 第160巻第5号. 160-5. 87-104 (1989)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1989 Final Research Report Summary
  • [Publications] 石垣健一: "オ-ストラリアの対外債務問題" 経済経営研究年報. 38-I・II. 111-135 (1989)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1989 Final Research Report Summary
  • [Publications] 西島章次: "世界経済における二つの累積債務問題" Discussion Paper. 14. 1-19 (1988)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1989 Final Research Report Summary
  • [Publications] 下村和雄: "為替レ-ト・貿易構造・労働組合" 国民経済雑誌. 160-2. 21-35 (1989)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1989 Final Research Report Summary
  • [Publications] 本多佑三: "ハイ・パワ-ド・マネ-による金融分析-ウニハウスマン検定の応用-" 国民経済雑誌. 160-1. 39-66 (1989)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1989 Final Research Report Summary
  • [Publications] 井澤秀記: "2国モデルにおける金融政策タ-ゲットのゲ-ム論的選択" 経済経営研究年報. 39-I・II. 263-274 (1990)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1989 Final Research Report Summary
  • [Publications] Yusaku Futatsugi: "On the Role of Secondary Market" Journal of Economics & Business Administration. Vol.160, No.5. 87-104 (1989)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1989 Final Research Report Summary
  • [Publications] Kenichi Ishigaki: "Australian Foreign Dept Problems" Annual Report on Economics & Business Administration Vol.38, No. I・II, 1989, pp.111-135.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1989 Final Research Report Summary
  • [Publications] Shoji Nisijima: "Two Debt Problems in the World Economy" Discussion Paper, No.14, 1988, pp.1-18.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1989 Final Research Report Summary
  • [Publications] Kazuo Shimomura: "Exchange Rates, Trade Pattern and Labor Unions" Journal of Economics & Business Administration Vol.160, No.2, 1989, pp.21-35.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1989 Final Research Report Summary
  • [Publications] Yuzo Honda: "An Econometric Model of High-Powered Money - An Application of the Wu-Hausman Test -" Journal of Economics & Business Administration Vol.160, No.1, 1989, pp.39-66.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1989 Final Research Report Summary
  • [Publications] Hideki Izawa: "The Game-theoretic Choice of Monetary Policy Targets in A Two-Country Model" Annual Report on Economics & Business Administration Vol.39, No. I・II, 1990, pp.263-274.

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1989 Final Research Report Summary

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Published: 1988-03-31   Modified: 2016-04-21  

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