Banks play a crucial role in the economy through financial intermediation and information production, which are closely intertwined with a number of economic activities, including domestic industrial production, international trade, formation of supply chain networks, and innovation. Also, bank lending constitutes an important channel of the transmission mechanism of monetary policy, which is often labeled as the "bank lending channel."
RIETI, along with the Money and Finance Research Group (MoFiR), Hitotsubashi University, and the Japan Finance Corporation held a one-day international workshop on the role of financial institutions. A number of leading scholars presented their recent research in the field and exchanged views with each other.
- Time and Date: 9:15-16:45, Monday, June 15, 2015
- Venue: Research Institute of Economy, Trade and Industry (1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo)
Program and Handouts
9:50 Opening Remarks
MORIKAWA Masayuki (RIETI)
UESUGI Iichiro (Project Leader, Hitotsubashi University and RIETI)
10:00 - 12:15 Session 1
Alberto ZAZZARO (Institut für Angewandte Wirtschaftsforschung)
10:00 - 10:45 "Financial Constraints, Firms' Supply Chains and Internationalization"
Raoul MINETTI (Michigan State University)
MIYAKAWA Daisuke (Hitotsubashi University)
10:45 - 11:30 "The Limits of Lending: Banks and Technology Adoption across Russia"
Ralph DE HAAS (European Bank for Reconstruction and Development)
Björn IMBIEROWICZ (Goethe University Frankfurt)
11:30 - 12:15 "Network-motivated Lending Decisions"
OGURA Yoshiaki (Waseda University)
Salvatore CAPASSO (University of Napoli)
12:15 - 13:15 Lunch
13:15 - 14:45 Session 2
ODA Keiichiro (RIETI)
13:15 - 14:00 "Bank Competition, Job Security, and Economic Growth"
UEDA Kenichi (University of Tokyo)
Teng WANG (Erasmus University)
14:00 - 14:45 "The Role of Foreign Banks in Trade"
Neeltje VAN HOREN (Research Department of De Nederlandsche Bank)
MATSUURA Toshiyuki (Keio University)
14:45 - 15:15 Coffee Break
15:15 - 16:45 Session 3
Andrea BELLUCCI (Institut für Angewandte Wirtschaftsforschung)
15:15 - 16:00 "Sovereign Stress, Unconventional Monetary Policy, and SME Access to Finance"
Gregory F. UDELL (Indiana University)
Peng XU (Hosei University)
16:00 - 16:45 "The Bank Lending Channel in a Frontier Economy: Evidence from Loan-level Data"
Andrea F. PRESBITERO (International Monetary Fund)
HIRATA Hideaki (Hosei University)
16:45 Closing Remarks
JFC and Alberto ZAZZARO (MoFiR)