"Nominal Rigidities, News-Driven Business Cycles, and Monetary Policy"
by KOBAYASHI Keiichiro (Senior Fellow, RIETI), and NUTAHARA Kengo (the University of Tokyo, and JSPS)
June 2008

"On Equivalence Results in Business Cycle Accounting"
by NUTAHARA Kengo (the University of Tokyo, and JSPS) and INABA Masaru (Research Assistant, RIETI)
May 2008

"Banking Crisis and Borrower Productivity"
by KOBAYASHI Keiichiro (Senior Fellow, RIETI) and YANAGAWA Noriyuki (the University of Tokyo)
February 2008

"Collateralized capital and News-driven cycles"
by KOBAYASHI Keiichiro (Senior Fellow, RIETI) and NUTAHARA Kengo (the University of Tokyo / JSPS)
December 2007

"Business Cycle Accounting for the Japanese Economy Using the Parameterized Expectations Algorithm"
by INABA Masaru (Research Assistant, RIETI)
November 2007

"Credit Contagion and Trade Credit Supply: Evidence from Small Business Data in Japan"
by TSURUTA Daisuke (National Graduate Institute for Policy Studies and CRD Association)
June 2007

"Debt-Ridden Equilibria - A Simple Theory of Great Depressions - (Incomplete and Preliminary)"
by KOBAYASHI Keiichiro (Senior Fellow, RIETI) and INABA Masaru (RIETI)
June 2007

"Macroeconomic Implications of Declines in Nominal Exchange Rate Pass-through Rates"
by SHIOJI Etsuro (Graduate School of Economics, Hitotsubashi University), VU Tuan Khai (International Graduate School of Social Sciences, Yokohama National University), TAKEUCHI Hiroko (International Graduate School of Social Sciences, Yokohama National University)
May 2007

"Debt Structure and Bankruptcy of Financially Distressed Small Businesses"
by TSURUTA Daisuke (National Graduate Institute for Policy Studies / CRD Association) and Peng XU (Faculty of Economics, Hosei University)
May 2007

"Bank Distress and Productivity of Borrowing Firms: Evidence from Japan"
by AKIYOSHI Fumio (the University of Tokyo) and KOBAYASHI Keiichiro (Fellow, RIETI)
March 2007

"Collateral Constraint and News-driven Cycles"
by KOBAYASHI Keiichiro (Fellow, RIETI), NAKAJIMA Tomoyuki (Kyoto University), and INABA Masaru (RIETI)
March 2007

"A Study on 'Area' Designation of Cooperative Financial Institutions"
by KANKI Shozo (Associated Professor, Ryutsu Keizai University)
June 2006

"Loan Officers and Relationship Lending"
by Hirofumi Uchida (Faculty of Economics, Wakayama University), Gregory F. Udell (Kelley School of Business, Indiana University) and Nobuyoshi Yamori (School of Economics, Nagoya University)
June 2006

"Bank Size and Lending Relationships in Japan"
by Hirofumi Uchida (Faculty of Economics, Wakayama University), Gregory F. Udell (Kelley School of Business, Indiana University) and Wako Watanabe (Graduate School of Economics and Management, Tohoku University)
June 2006

"Empirical Determinants of Bargaining Power"
by Hirofumi Uchida (Faculty of Economics, Wakayama University)
June 2006

"SME financing and the choice of lending technology"
by Hirofumi Uchida (Wakayama University), Gregory F. Udell (Indiana University), Nobuyoshi Yamori (Nagoya University)
April 2006

"Are Trade Creditors Relationship Lenders?"
by Hirofumi Uchida (Wakayama University), Gregory F. Udell (Indiana University), Wako Watanabe (Tohoku University)
April 2006

"Bank's Exposure and Private Workout Negotiations Between the Creditor Bank and the Debtor Company: An empirical study using event study methodology"
by AKIYOSHI Fumio (The University of Tokyo Graduate School of Economics) and HIROSE Sumio (Assistant Professor, Faculty of Economics, Shinshu University)
April 2006

"'Irrational exuberance' in the Pigou cycle under collateral constraints"
by Keiichiro Kobayashi (Fellow, RIETI), Masaru Inaba (Graduate School of Economics, University of Tokyo)
March 2006

"The Banking Crisis and Productivity of Borrowing Firms - Evidence from Japan"
by KOBAYASHI Keiichiro (Fellow, RIETI) and AKIYOSHI Fumio (Graduate School of Economics, The University of Tokyo)
March 2006

"Transaction services and asset-price bubbles (Revised)"
by Keiichiro Kobayashi (Fellow, RIETI)
March 2006

"Borrowing constraints and protracted recessions"
by Keiichiro Kobayashi (Fellow, RIETI), Masaru Inaba (Graduate School of Economics, University of Tokyo)
March 2006

"Business Cycle Accounting for the Japanese Economy"
by Keiichiro Kobayashi and Masaru Inaba
September 2005

"Role and Challenges of Securitization"
by YANAGAWA Noriyuki (Faculty Fellow, RIETI / Associate Professor, Graduate School of Economics, The University of Tokyo)
September 2005

"Selection Between Workouts and Court-administered Proceedings in Corporate Financial Restructuring"
by XU Peng, Faculty Fellow, RIETI
March 2005

"Bank Regulation and Market Discipline around the World"
by HOSONO Kaoru, IWAKI Hiroko and TSURU Kotaro
October 2004

"Is Financial Friction Irrelevant to the Great Depression? - Simple modification of the Carlstrom-Fuerst model -"
by KOBAYASHI Keiichiro, Fellow, RIETI
September 2004

"Trading Firm Finance: The Relationship between Trade Credit and Loans"
by UESUGI Iichiro, Fellow, RIETI
August 2004

"Effects of Bank Consolidation Promotion Policy: Evaluating the Bank Law in 1927 Japan"
by OKAZAKI Tetsuji, SAWADA Michiru
January 2004

"Depositors' Selection of Banks and the Deposit Insurance System in Japan: Empirical Evidence and its Policy Implications"
by TSURU Kotaro, Senior Fellow, RIETI
November 2003

"Deflation Caused by Bank Insolvency"
by KOBAYASHI Keiichiro, Fellow, RIETI
October 2003

"Bank Merger Wave and Evolution of Financial System: Experience in Prewar Japan"
by OKAZAKI Tetsuji, SAWADA Michiru
February 2003

"Financial Globalization and Stability"
CEPR- RIETI Workshop, September 6, 2007

"Japan's Financial System: Revisiting the Relationship between Corporations and Financial Institutions"
RIETI Policy Symposium, February 16 and 17, 2006

"Law, Finance and Economic Performance: Implications of Recent Developments for Japan" [PDF:8.1KB]
by Colin MAYER, Said Business School, University of Oxford
RIETI Policy Symposium, January 10, 2003

"International Financial System Reform: Lessons From The 1997-8 East Asian Crises" [PDF:105KB]
by Jomo SUNDARAM, University of Malaya
RIETI Symposium, April 22-23, 2002

"Monetary and Financial Cooperation in East Asia: Future Directions for Institutional Arrangements of Monitoring and Surveillance" [PDF:69.3KB]
by WANG Yunjong, Korea Institute for International Economic Policy
RIETI Symposium, April 22-23, 2002

"WTO Accession and Chinese Economy: Impacts on Agriculture, Financial Sector, and State-owned Enterprises" [PDF:72.5KB]
by LIN Yifu, Peking University
RIETI Symposium, April 22-23, 2002

"Public Enforcement of Securities Law: A comparative perspective"
with Howell E. JACKSON, James S. Reid, Jr. Professor of Law, Harvard Law School
July 13, 2007

"Japan's Financial System in the Future"
with HOSHI Takeo, Professor, Graduate School of International Relations and Pacific Studies, University of California, San Diego
December 12, 2001

"What Has Become Apparent from the Disputes over UFJ's Planned Merger with MTFG"
by KOBAYASHI Keiichiro, Fellow, RIETI
Asahi Shimbun, August 22, 2004

"Deflation: Some Considerations"
by KOBAYASHI Keiichiro, Fellow, RIETI
Economy, Culture & History JAPAN SPOTLIGHT Bimonthly, January/February 2004

"The 15-year War on Non-performing Loans and Deflation"
by KOBAYASHI Keiichiro, Fellow, RIETI
Bungei Shunju,  January 2004

"'March Crisis' Starts in the Banking Sector"
by KOBAYASHI Keiichiro, Fellow, RIETI
International Herald Tribune / The Asahi Shimbun,  March 26, 2003

"Recovery from Recession May Take Decades"
by KOBAYASHI Keiichiro, Fellow, RIETI
Bungei Shunju,  May 2002

"Business Cycle Accounting Analysis of the Japanese Economy"
by KOBAYASHI Keiichiro, Fellow, RIETI
Research & Review, November 2005

"Will the Subprime Crisis Provide a Golden Opportunity for Japanese Financial Groups to Catch up in Global IT Strategy?"
by MATSUMOTO Hideyuki, Consulting Fellow, RIETI
April 8, 2008

"Economic Recovery, Widening Inequalities, and Fiscal Reconstruction from the Viewpoint of Business Cycle Accounting"
by KOBAYASHI Keiichiro and INABA Masaru
November 20, 2007

"What Were the Causes of Japan's 'Lost Decade'?"
by KOBAYASHI Keiichiro, Fellow, RIETI
September 6, 2005

"Workouts Versus Bankruptcy: Corporate Reorganization in the U.S. and the Current Practice of Japan"
by XU Peng, Faculty Fellow, RIETI
February 15, 2005

"How to Interpret the UFJ Merger Drama"
by TSURU Kotaro, Senior Fellow, RIETI
September 7, 2004

"A Clear Line Must be Drawn Between 'Regional Revitalization' and Banking Administration: Assessment of the 'Financial Function Reinforcement Law'"
by TSURU Kotaro, Senior Fellow, RIETI
July 6, 2004

"A Return to the 'Convoy System' of Financial Administration?: Assessment of the 'Payment and Settlement Deposit,' a Stepping Stone Toward the Full Introduction of the 'Payoff' Limited Deposit Protection System in April 2005"
by TSURU Kotaro, Senior Fellow, RIETI
May 25, 2004

"Financial System to Meet Diverse Needs of SMEs
- Analyzing White Paper on Small and Medium Enterprises in Japan -"
by YASUDA Takehiko, Consulting Fellow, RIETI
June 3, 2003

"The Dilemma Facing Financial Policy: The Merits and Demerits of Signaling"
by TSURU Kotaro, Senior Fellow, RIETI
October 17, 2002

"Restructuring of Funding Market for Unlisted Venture Businesses"
by KITAMI Tomitaro, Visiting Fellow, RIETI
March 19, 2002

"Subprime Loan Crisis - Lessons from Japan's Decade of Deception" [PDF: 81KB]
by KOBAYASHI Keiichiro, Fellow, RIETI
April 16, 2008

"Toward Reconstruction of Banks: Can Public Bailout of Resona Bank Become Model Case? (Part 2) - Rebuilding of Governance System -"
by TSURU Kotaro, Senior Fellow, RIETI
Policy Update 11, June 16, 2003

"Toward Reconstruction of Banks: Can Public Bailout of Resona Bank become Model Case? (Part 1) - Handling of Deferred Tax Assets and Evaluation of Financial Crisis Preventive Measures -"
by TSURU Kotaro, Senior Fellow, RIETI
Policy Update 10, June 16, 2003

"Assessment of Administrative Order Urging Capital-injected Banks to Improve Business Performance - Blind Spot of Policy Singling Out Profitability -"
by TSURU Kotaro, Senior Fellow, RIETI
Policy Debate Round 10, August 11, 2003

"BOJ Plan to Purchase Bank-held Shares: Second Best Option to Banking Crisis"
by KOBAYASHI Keiichiro, Fellow, RIETI
Policy Debate Round 2, September 26, 2002

"Credit Reversal Effect - Does economic expansion collapse endogenously?"
by KOBAYASHI Keiichiro
Kobayashi-sensei's Economic Research Picks, August 20, 2007

"Does the Introduction of Financial Derivatives Invariably Make a Market Incomplete? - 'Goedel's Incompleteness Theorem' in Economics"
by KOBAYASHI Keiichiro, Senior Fellow, RIETI
Kobayashi-sensei's Economic Research Picks, June 13, 2007

"Changes in the (Trend) Growth Rate and Level of Productivity - Is it possible to explain differences in business cycle fluctuations between developed economies and developing economies with any single factor?"
by KOBAYASHI Keiichiro, Senior Fellow, RIETI
Kobayashi-sensei's Economic Research Picks, April 7, 2007

"Information Propagation in the Macroeconomy - Is it not possible to integrally understand asset bubbles and rigidity in wages and prices?"
by KOBAYASHI Keiichiro, Senior Fellow, RIETI
Kobayashi-sensei's Economic Research Picks, October 23, 2006

"'Indivisible Labor' and the Great Depression"
by KOBAYASHI Keiichiro, Fellow, RIETI
Kobayashi-sensei's Economic Research Picks, July 14, 2006

"Collateral Constraints and Nominal Debt in the Formation of Monetary Policy - Should monetary policy respond to movements in asset prices?"
by KOBAYASHI Keiichiro, Fellow, RIETI
Kobayashi-sensei's Economic Research Picks, May 11, 2006

"A New Understanding of Debt Deflation Theory"
by KOBAYASHI Keiichiro, Fellow, RIETI
Kobayashi-sensei's Economic Research Picks, December 27, 2005

"Financial Administration in the Post-NPL Crisis: What is Hoped for in the 'Program for Concentrated Consolidation of the Financial System'"
by TSURU Kotaro, Senior Fellow, RIETI
Economics Review, November 30, 2004

"Contrasting Banking Reforms in Japan and China - Nationalization vs. Privatization"
by C.H. KWAN, Senior Fellow, RIETI
China in Transition, June 13, 2003

"The Choice of Promoting a Comprehensive Shift in Economic Systems by Focusing on the Links Between Various Economic Phenomena"
interview with SAITO Makoto, Professor, Graduate School of Economics, Hitotsubashi University
by IIO Jun, Faculty Fellow, RIETI
Interview Series: Economic Policy Options 4, January 23, 2003

"Corporate Governance as Seen from the Viewpoint of Pension Fund Management"
by TAKAHARA Hiromi, General Manager, Pension Investment Department, Pension Fund Association
Corporate Governance Japan, December 18, 2002

"The Choice of Comprehensively Resolving the Various Problems in Earnest Through Gradual Structural Reform"
interview with IKEO Kazuhito, Professor, Keio University
by IIO Jun, Faculty Fellow, RIETI
Interview Series: Economic Policy Options 3, December 18, 2002

"Depositors' Selection of Banks and the Deposit Insurance System"
by TSURU Kotaro, Senior Fellow, RIETI
Economics Review, December 13, 2002

"The Choice of Being Prepared to Bear the Fiscal Burden and Pull Out of Deflation in Order to Promote Structural Reform"
interview with TAKAHASHI Susumu, Chief Economist, Japan Research Institute
by IIO Jun, Faculty Fellow, RIETI
Interview Series: Economic Policy Options 2, November 19, 2002

"Stock Purchases by the Bank of Japan - Lessons from the Hong Kong Experience"
by C.H. KWAN, Senior Fellow, RIETI
China in Transition, November 1, 2002

"Financial Globalization and Stability"
RIETI Report 86, September 27, 2007

"Japan's Deflation Problem and Prescription"
RIETI Report 21, April 24, 2003