2010 Fiscal Year Final Research Report
The Impact of Financial Securitization on the Lending Behaviour and the Risk Management in the Financial Industries
| Project/Area Number |
19530287
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Chuo University |
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Principal Investigator |
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| Project Period (FY) |
2007 – 2010
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| Keywords | 証券化 / 金融機関 / 融資 / リスク管理 / イールド・カーブ / スプレッド |
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| Research Abstract |
Based on the survey of the research on the risk management and lending behaviour in the financial institution, the impacts of financial securitization were analysed in the two aspects at the final stage. One is how the risk that has increased by the “subprime loan" problem in the US affected the Japanese economy comparing to the economic shock which is not much related to the securitization. The increased risk had an effect that increases the risk in both financial and non-financial industries in Japan. And another is how the securitized assets are becoming more "popular" for the investment tool. The securitized asset such as structured bonds became "popular" not because by their well understanding the products characteristics. This may be in the similar situation to the period of subprime loan problem in the US.
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[Remarks] ディスカッション・ペーパー Junji Shimada, Toyoharu Takahashi, Tatsuyoshi Miyakoshi, and Yoshihiko Tsukuda "Japanese Interest Rate Swap Pricing" Discussion Paper No.253 Tohoku Economic Research Group, 2010年2月
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