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No.
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Author(s)
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Title/Keywords
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Date
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Click to download
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2000-E-34
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Shigenori Shiratsuka |
Asset Prices, Financial Stability, and Monetary Policy: Based on Japanfs Experience of the Asset Price Bubble
/Asset price bubble; Sustainable price stability; Stability of financial system; Monetary policy; Prudential policy |
2000/11
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239KB PDF
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2000-E-33
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Hitoshi MIO |
The Phillips Curve and Underlying Inflation
/underlying inflation, trimmed mean CPI, price change distribution,
temporary relative price shock |
2000/10
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209KB PDF
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2000-E-32
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Shigenori Shiratsuka |
Is There a Desirable Rate of Inflation? A Theoretical and Empirical Survey
/Ultimate Objective of Monetary Policy; Welfare Costs of Inflation
and Deflation; Measured Price Stability; Sustainable Price Stability;
Constrained discretion |
2000/10
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353KB PDF
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2000-E-31
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Tokiko Shimizu
and Shigenori Shiratsuka |
The Credit Risk of Japanese Banks during the Bubble Period: A Pilot Study of Macro Stress Simulation
/Credit Risk, Extended Value at Risk, Macro Stress Simulation, Asset Price Bubble, Macro Prudential Policy |
2000/10
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89KB PDF
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2000-E-30
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Thomas F. Cargill |
Monetary Policy, Deflation, and Economic History: Lessons for the Bank of Japan
/Bank of Japan; central bank independence; deflation; Federal Reserve; Great Depression period; inflation; inflation targeting; Riksbank |
2000/9
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108KB PDF
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2000-E-29
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Douglas W. Diamond |
Should Japanese Banks Be Recapitalized?
/Bank capital; Recapitalization; Relationship lending; Banking; Bank failure |
2000/9
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81KB PDF**
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2000-E-28
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Makoto Saito,
and Shigenori Shiratsuka |
Financial Crises as the Failure of Arbitrage: Implications for Monetary Policy
/Financial market instability; Japan premium; Allocation of liquidity;
Failure of arbitrage; Money market operation |
2000/9
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757KB PDF
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2000-E-27
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Marvin Goodfriend |
Financial Stability, Deflation, and Monetary Policy
/banking policy, deflation, financial distress, financial stability, liquidity, monetary policy, zero bound on interest rates |
2000/9
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129KB PDF
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2000-E-26
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John B. Taylor |
Low Inflation, Deflation, and Policies for Future Price Stability
/Monetary policy; Inflation; Policy rule; Money growth; Zero interest rate policy |
2000/9
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129KB PDF
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2000-E-25
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Allan H. Meltzer |
Monetary Transmission at Low Inflation: Some Clues from Japan in the 1990s |
2000/9
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145KB PDF
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2000-E-24
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Nobuyuki Oda,
and Kunio Okina |
Further Monetary Easing Policies under the Non-negativity Constraints of Nominal Interest Rates: Summary of the Discussion Based on Japanfs Experience
/Monetary policy; Zero interest rate; Long-term interest rate; Market operation of outright purchase of long-term government bonds; Foreign exchange market intervention; Inflation targeting |
2000/9
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263KB PDF
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2000-E-23
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Lars E.O. Svensson |
The Zero Bound in an Open Economy:A Foolproof Way of Escaping from a Liquidity Trap
/Deflation, liquidity trap, nominal interest rates |
2000/8
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362KB PDF
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2000-E-22
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Toshiaki Tachibanaki,
Hiroshi Fujiki,
Sachiko Kuroda Nakada |
Structural Issues in the Japanese Labor Market -An era of variety, equity and efficiency or an era of bipolarization?-
/part-time worker, discouraged worker, Japanese employment system, unemployment |
2000/8
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453KB PDF
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2000-E-21
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Shigeki Miyajima and Warren E. Weber |
A Comparison of National Banks in Japan and the United States between 1872 and 1885
/national banking, banking history, bank regulation |
2000/8
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424KB PDF
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2000-E-20
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Naohiko Baba |
Uncertainty, Monitoring Costs, and Private Banks' Lending Decisions in a Duopolistic Loan Market: A Game-theoretic Real Options Approach
/Bank Lending, Uncertainty, Entry Decision, Monitoring Costs, Duopolistic Market, Real Options, Stochastic Game |
2000/8
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590KB PDF
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2000-E-19
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Ronald McKinnon, and Kenichi Ohno |
THE FOREIGN EXCHANGE ORIGINS OF JAPAN'S ECONOMIC SLUMP AND LOW INTEREST LIQUIDITY TRAP
/Foreign Exchange, Japan's Liquidity Trap, Trade Disputes |
2000/8
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195KB PDF
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2000-E-18
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Naohiko Baba |
Exploring the Role of Money in Asset Pricing in Japan: Does Monetary Consideration Significantly Improve the Empirical Performance of C-CAPM?
/Asset Pricing; CAPM; Money-in-the-Utility; Cash-in-Advance; Habit Formation; Volatility Bound; Market Frictions |
2000/7
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497KB PDF
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2000-E-17
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James Dow |
What is Systemic Risk? Moral hazard, initial shocks and propagation |
2000/6
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112KB PDF
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2000-E-16
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Hiroshi FUJIKI |
Budget Deficits and Inflation: A Theoretical and Empirical Survey
/hyperinflation, sustainability of government debt, budget institution, central bank independence, zero interest rate policy, structural reform |
2000/6
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367KB PDF
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2000-E-15
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Toshiyasu KATO and Toshinao YOSHIBA |
Model Risk and Its Control
/Model Risk, Pricing Model, Risk Measurement Model, Risk Management Systems, Reserves, Scenario Analysis, Position Limits. |
2000/6
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259KB PDF
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2000-E-14
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Yoshifumi HISATA and Yasuhiro YAMAI |
Research Toward the Practical Application of Liquidity Risk Evaluation Methods
/Liquidity risk; Value at risk; Market risk; Market impact; Optimal execution strategy; Optimal holding period |
2000/6
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282KB PDF
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2000-E-13
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Naruki Mori,
Shigenori Shiratsuka, and Hiroo Taguchi |
Policy Responses to the Post-bubble Adjustments in Japan: A Tentative Review
/Monetary Policy; Prudential Policy; Bursting of Bubble; Non-Performing Assets; Credit Channel; Management of Failure in
Financial Institutions; Structural Problems |
2000/5
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403KB PDF
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2000-E-12
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Kunio Okina,
Masaaki Shirakawa, and Shigenori Shiratsuka |
The Asset Price Bubble and Monetary Policy: Japanfs Experience in the Late 1980s and the Lessons
/Asset prices, bubble, intensified bullish expectations, monetary
policy, sustained price stability, financial stability, forward-looking
monetary policy |
2000/5
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546KB PDF
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2000-E-11
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Hiroshi Fujiki,
Kunio Okina, and Shigenori Shiratsuka |
Monetary Policy under Zero Interest Rate ---Viewpoints of Central Bank Economists ---
/Zero Interest Rate Policy; Quantitative Easing; Open Market
Operation of Outright Purchase of Long-Term Government Bonds;
Dispelling Deflationary Concern; Styles of Monetary Policy Management |
2000/5
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295KB PDF
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2000-E-10
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Akira IEDA,
Kohei MARUMO,
Toshinao YOSHIBA |
A Simplified Method for Calculating the Credit Risk of Lending Portfolios
/Credit Risk, Lending Portfolio, Monte Carlo Simulation, Credit Concentration/Diversification, Correlation between Default Events |
2000/5
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190KB PDF
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2000-E-9
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Frank Packer |
Credit Ratings and the Japanese Corporate Bond Market
/credit ratings, credit risk, bond spreads, keiretsu |
2000/5
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93KB PDF
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2000-E-8
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Jon Danielsson and Yuji Morimoto |
Forecasting Extreme Financial Risk: A Critical Analysis of Practical Methods for the Japanese Market
/risk; regulation; extreme value theory; volatility; value-at-risk |
2000/4
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179KB PDF
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2000-E-7
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Takeo Hoshi |
What Happened to Japanese Banks?
/financial deregulation, bad loans, real estate lending, keiretsu loans |
2000/3
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282KB PDF
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2000-E-6
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---
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Forum on the Development of Electronic Payment Technologies and Its Implications for Monetary policy: Interim Report |
2000/2
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213KB PDF
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2000-E-5
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Naohiko Baba |
Testing the Ex Ante Relationship between Asset and Investment Returns in Japan: An Application of the P-CAPM to the Japanese Asset Returns
/Asset Pricing; P-CAPM; GMM; Equity Premium Puzzle; Risk-free Rate Puzzle; Volatility Bound Test; q Theory of Investment |
2000/2
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430KB PDF
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2000-E-4
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Naohiko Baba |
A Reexamination of Ex Ante Pricing of Currency Risk in the Japanese Stock Market: A Pricing Kernel Approach
/Currency Risk; Asset Pricing; Volatility Bound Test;
GMM; Stochastic Discount Factor; Arbitrage Pricing Theory |
2000/2
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700KB PDF
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2000-E-3
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Nobuyuki ODA
and Tokiko SHIMIZU |
Prospects for Prudential Policy: Toward Achieving an Efficient and Stable Banking System
/Prudential policy; Market discipline; Lender of last resort; Deposit insurance; Capital adequacy rule; Systemic risk |
2000/2
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99KB PDF
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2000-E-2
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Naohiko Baba |
A Note on Hedging Incentives for Managers: An Application of the Principal-Agent Framework to Risk Management
/Risk management; Hedging incentive; Informational Asymmetry; Currency risk exposure; Principal-agent framework |
2000/1
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274KB PDF
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2000-E-1
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Naohiko Baba and Kyoji Fukao |
Currency Risk Exposure of Japanese Firms with Overseas Production Bases: Theory and Evidence
/Currency risk exposure; q theory of investment; Irreversibility; Panel data; Measurement errors; Endogeneity |
2000/1
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452KB PDF
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2000 Bank of Japan All Rights Reserved.
