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2011 Fiscal Year Final Research Report

The Global Crisis and the Asian Economies

Research Project

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Project/Area Number 21330075
Research Category

Grant-in-Aid for Scientific Research (B)

Allocation TypeSingle-year Grants
Section一般
Research Field Public finance/Monetary economics
Research InstitutionOsaka University

Principal Investigator

TAKAGI Shinji  大阪大学, 大学院・経済学研究科, 教授 (20226749)

Co-Investigator(Kenkyū-buntansha) OGAWA Eiji  一橋大学, 大学院・商学研究科, 教授 (80185503)
NAGAYASU Jun  筑波大学, 大学院・システム情報工学研究科, 准教授 (30375422)
IWATSUBO Kentaro  神戸大学, 大学院・経済学研究科, 准教授 (90372466)
ESAKA Taro  神戸市外国語大学, 外国語学部, 准教授 (60347515)
HIROSE Kenichi  小樽商科大学, 商学部, 准教授 (40345450)
Project Period (FY) 2009 – 2011
Keywordsグローバル金融危機 / アジア / アジア地域の経済統合 / 資本移動 / 資本フロー管理 / アジア地域のマクロ経済連関 / グローバル化と為替政策
Research Abstract

The global economic crisis heightened our interest in economic linkages, especially among the Asian economies, as well as in identifying policies and institutions that minimize the probability of crisis. At the same time, following the crisis, use of capital controls became widely accepted as a legitimate tool of maintaining domestic financial stability. While this research project has yielded many fruits, its main results include :(1) development of quantitative tools of measuring economic linkages,(2) empirical investigation of the nature of economic integration ;(3) testing the effectiveness of capital controls ; and(4) identification of policies and institutions that reduce the probability of crisis.

  • Research Products

    (22 results)

All 2012 2011 2010 2009

All Journal Article (13 results) (of which Peer Reviewed: 13 results) Presentation (7 results) Book (2 results)

  • [Journal Article] The Threshold Consumption Correlation-Based Approach to International Capital Mobility2012

    • Author(s)
      Jun Nagayasu
    • Journal Title

      Economic Dynamics and Structural Changes

      Volume: (印刷中) Pages: 03. 05

    • URL

      http://dx.doi.org/10.1016/j.strueco

    • Peer Reviewed
  • [Journal Article] Responding to the Global Financial Crisis : Vietnamese Exchange Rate Policy2011

    • Author(s)
      Shinji Takagi and T Pham
    • Journal Title

      Journal of Asian Economics

      Volume: Vol.22 Pages: 507-517

    • DOI

      doi:10.1016/j.asieco.2011.05.006

    • Peer Reviewed
  • [Journal Article] Exchange Rate Movements and Foreign Direct Investment : Japanese Investment in Asia2011

    • Author(s)
      Shinji Takagi and Z. Shi
    • Journal Title

      Japan and the World Economy

      Volume: Vol.23 Pages: 265-272

    • DOI

      doi:10.1016/j.japwor.2011.08.001

    • Peer Reviewed
  • [Journal Article] Heterogeneity and Convergence of Regional Inflation(Prices)2011

    • Author(s)
      Jun Nagayasu
    • Journal Title

      Journal of Macroeconomics

      Volume: Vol.33 Pages: 711-723

    • URL

      http://dx.doi.org/10.1016/j.jmacro.2011.07.002

    • Peer Reviewed
  • [Journal Article] International Transmission of Business Cycles : Evidence from Dynamic Correlations2011

    • Author(s)
      Kentaro Iwatsubo and J. Fidrmuc, and T. Ikeda
    • Journal Title

      Economic Letters

      Volume: Vol.114 Pages: 252-255

    • DOI

      doi:10.1016/j.econlet.2011.10.025

    • Peer Reviewed
  • [Journal Article] Do Hard Pegs Avoid Currency Crises? An Evaluation Using Matching Estimators2011

    • Author(s)
      T Esaka
    • Journal Title

      Economics Letters

      Volume: Vol.113 Pages: 35-38

    • URL

      http://dx.doi.org/10.1016/j.econlet.2011.05.043

    • Peer Reviewed
  • [Journal Article] Financial Market Reforms and Corporate Financing in Korea2010

    • Author(s)
      T. J. Kim, J. W. Ryou and Shinji Takagi
    • Journal Title

      Applied Financial Economics

      Volume: Vol.20 Pages: 1659-1666

    • Peer Reviewed
  • [Journal Article] Analysis onβandσConvergences of East Asian Currencies2010

    • Author(s)
      Ogawa, Eiji and Taiyo Yoshimi
    • Journal Title

      International Journal of Intelligent Technologies and Applied Statistics

      Volume: Vol.3 Pages: 237-263

    • Peer Reviewed
  • [Journal Article] Macroeconomic Inter-dependencein East Asia2010

    • Author(s)
      Jun Nagayasu
    • Journal Title

      Japan andthe World Economy

      Volume: Vol.22 Pages: 219-227

    • Peer Reviewed
  • [Journal Article] Exchange Rate Regimes, Capital Controls, and Currency Crises : Does the Bipolar View Hold2010

    • Author(s)
      Taro Esaka
    • Journal Title

      Journal of Inter-national Financial Markets, Institutions and Money

      Volume: Vol.20 Pages: 91-108

    • Peer Reviewed
  • [Journal Article] Output and Price Linkages in Asia' s Post-Crisis Macroeconomic Interdependence2010

    • Author(s)
      Shinji Takagi and Issei Kozuru
    • Journal Title

      Singapore Economic Review

      Volume: Vol.55 Pages: 1-23

    • Peer Reviewed
  • [Journal Article] Intraday Evidence of Informational Efficiency of the Yen/ Dollar Exchange Rate2009

    • Author(s)
      Kentaro Iwatsubo and Yoshihiro Kitamura
    • Journal Title

      Applied Financial Economics

      Volume: Vol.19 Pages: 1103-1115

    • Peer Reviewed
  • [Journal Article] External Adjustments and Coordinated Exchange Rate Policy in Asia2009

    • Author(s)
      Eiji Ogawa and Kentaro Iwatsubo
    • Journal Title

      Journal of Asian Economics

      Volume: Vol.20 Pages: 225-239

    • Peer Reviewed
  • [Presentation] 為替予測の最先端研究2011

    • Author(s)
      岩壷健太郎
    • Organizer
      日本金融学会
    • Place of Presentation
      近畿大学
    • Year and Date
      2011-09-18
  • [Presentation] Heterogeneity and Convergence of Regional Inflation(Prices)2011

    • Author(s)
      永易淳
    • Organizer
      日本経済学会
    • Place of Presentation
      熊本学園大学
    • Year and Date
      2011-05-22
  • [Presentation] International Transmis-sionof Business Cycles : Evidence from Dynamic Correlations2010

    • Author(s)
      岩壷健太郎
    • Organizer
      日本金融学会
    • Place of Presentation
      神戸大学
    • Year and Date
      2010-09-25
  • [Presentation] Evaluating the Effect of De Facto Pegs on Currency Crises Using Matching Methods2010

    • Author(s)
      江阪太郎
    • Organizer
      日本経済学会
    • Place of Presentation
      関西学院大学
    • Year and Date
      2010-09-19
  • [Presentation] Macroeconomic Inter-dependence in East Asia2010

    • Author(s)
      永易淳
    • Organizer
      日本経済学会
    • Place of Presentation
      千葉大学
    • Year and Date
      2010-06-05
  • [Presentation] 円キャリー・トレード、グローバル・インバランス、世界金融危機2009

    • Author(s)
      岩壷健太郎
    • Organizer
      日本金融学会
    • Place of Presentation
      香川大学
    • Year and Date
      2009-11-08
  • [Presentation] External Adjustments and Coordinated Exchange Rate Policy in Asia2009

    • Author(s)
      Kentaro Iwatsubo
    • Organizer
      Swiss Economic Statistics Society meeting
    • Place of Presentation
      Geneva, Switzerland
    • Year and Date
      2009-06-26
  • [Book] Monetary and Currency Policy Management in Asia2012

    • Author(s)
      Masahiro Kawai, Peter Morgan, ShinjiTakagi, eds
    • Total Pages
      302
    • Publisher
      Edward Elgar
  • [Book] グローバル・インバランスの経済分析2010

    • Author(s)
      藤田誠一・岩壷健太郎
    • Total Pages
      31
    • Publisher
      有斐閣

URL: 

Published: 2013-07-31  

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