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2013 Fiscal Year Final Research Report

Changes in financial intermediation and business cycle synchronization in emerging Asian economies

Research Project

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Project/Area Number 23530348
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Economic policy
Research InstitutionKanazawa University (2013)
Osaka International University (2011-2012)

Principal Investigator

ENYA Masahiro  金沢大学, 経済学経営学系, 准教授 (70340867)

Project Period (FY) 2011 – 2013
Keywordsアジア新興市場 / 金融仲介の変化 / 資産価格 / 景気循環 / 金融循環 / 同調性
Research Abstract

In East Asia, banks have shifted from corporate focused lending to household focused lending since about 2000. This change in the pattern of financial intermediation has affected the macro-financial linkages and the financial and business cycle synchronizations across East Asian economies. However, the degrees of the change in financial intermediation vary across East Asian economies. The degree of synchronization between housing-price cycle and business cycles has increased in the 2000s for economies with more highly developed household credits. And, the degree of housing-price and business cycle synchronizations across economies with more highly developed household credits has increased.

  • Research Products

    (8 results)

All 2014 2013 2012 2011

All Journal Article (4 results) Presentation (4 results)

  • [Journal Article] The Impact of Capital Inflows on Asset Prices in East Asia2014

    • Author(s)
      Shinkai, Jun-ichi and Masahiro Enya
    • Journal Title

      Discussion Paper Series (Faculty of Economics and Management, Kanazawa University)

      Volume: No.22 Pages: 1-34

  • [Journal Article] 国際交流促進(第4章)2013

    • Author(s)
      塩谷雅弘
    • Journal Title

      国際ビジネスゲームを通じた国際交流促進(古殿幸雄編著、大阪国際大学研究叢書)

      Volume: No.22 Pages: 91-101

  • [Journal Article] Financial Cycles and Business Cycles in East Asian Emerging Economies : Features, Interactions, and Changes2012

    • Author(s)
      Enya, Masahiro
    • Journal Title

      IIR Working Paper (Institute of International Relations, Osaka International University)

      Volume: No.58 Pages: 1-23

  • [Journal Article] 東アジアの金融仲介:何が変わったか?2011

    • Author(s)
      塩谷雅弘
    • Journal Title

      国際公共政策研究

      Volume: 第16巻第1号 Pages: 53-69

  • [Presentation] アジアの金融循環:景気循環への影響および国際資本移動からの影響2014

    • Author(s)
      塩谷雅弘
    • Organizer
      金沢大学文系教員研究交流会(第16回)
    • Place of Presentation
      金沢大学
    • Year and Date
      2014-03-04
  • [Presentation] The Impact of Capital Inflows on Asset Prices in East Asia2013

    • Author(s)
      Shinkai
    • Organizer
      The Ninth Annual Conference of the Asia-Pacific Economic Association
    • Place of Presentation
      Osaka University, Osaka, Japan。
    • Year and Date
      2013-07-27
  • [Presentation] Financial Cycles and Business Cycles in East Asian Emerging Economies : Features, Interactions, and Changes2012

    • Author(s)
      Enya, Masahiro
    • Organizer
      The 13^<th> Convention of the East Asian Economic Association
    • Place of Presentation
      Grand Copthorne Waterfront Hotel Singapore, Singapore
    • Year and Date
      2012-10-19
  • [Presentation] Financial Cycles and Business Cycles in East Asian Emerging Economies : Features, Interactions, and Changes2012

    • Author(s)
      Enya, Masahiro
    • Organizer
      日本経済学会(2012年度春季大会)
    • Place of Presentation
      北海道大学
    • Year and Date
      2012-06-24

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Published: 2015-07-16  

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