講義名 Japanese Finance andBankingⅡ ≪◇学部≫
講義開講時期 後期
曜日・時限 金4
単位数 2

担当教員
氏名
才木 あや子

学習目標(到達目標) This class will build on the first half of the course, and apply the concept to the real world problems we face today, including the effect of zero interest rate policy in Japan, unconventional monetary policy and its tapering, etc.
授業概要(教育目的) The purpose is to be able to apply the basic concept we learnt in the first half of the class.
授業計画表
 
項目内容
第1回Financial IntermediariesThe role of asset allocation of financial intermediaries (Chapter 11)
第2回Market failureInformation asymmetries and Information cost
(Chapter 11)
第3回Japan's depository institutions and bank management Balance sheet of commercial banks, bank risk in Japan (extra material, also refer to Chapter 12)
第4回Japan's Financial Industry StructureBanking and nondepository institutions in Japan (extra material, also refer to Chapter 13)
第5回The Lehman Shock and the Role of RegulationsThe regulation of financial system in the US before and after the Lehman Shock; Japan's regulatory agencies; the reaction of Japanese and other countries' central banks (Chapter 14+ Extra)
第6回Central BanksMonetary policy and financial stability of central banks (Chapter 15)
第7回The structure of central banks The structure of the BoJ's balance sheet, money supply process (also the Fed and the ECB; Chapter 16 & 17)
第8回Money creation processHow central banks create "money" in financial system (Chapter 17)
第9回Financial Stability and Macroprudential policyStabilizing role of central banks (Chapter 18)
第10回Conventional and Unconventional monetary policy (1)Taylor rule; zero-interest rate; quantitative easing (Chapter 18, Chapter 20, 21); Quantitative easing tapering (extra material)
第11回Conventional and Unconventional monetary policy (2)Quantitative easing (Chapter 18); Tapering of Quantitative Easing (extra material)
第12回Unconventional monetary policy in JapanThe effect of unconventional monetary policy in Japan (Extra material)
第13回Central Bank and Exchange Rate Policy (1)Different exchange rate policies and pros/cons (Chapter 19)
第14回Different Exchange Rate RegimesExtra reading
第15回Review for the final examWe'll review the major concepts we will have learnt in the class
授業形式 There will be three "surprize" mini test (called "quizz"). No excuse will be accepted if you miss it.
評価方法
定期試験 レポート 小テスト 授業への
参画度
その他 合計
70% 0% 30% 0% 0% 100%
テキスト Money, Banking, and Financial Markets, 4/e
Cecchetti and Schoenholtz.
参考文献 Will be distributed accordingly during the course.
オフィスアワー(授業相談) Friday 9:00-10:30 or by appointment
事前学習の内容など,学生へのメッセージ You must have a good command of English. No usage of laptops, smartphones, tablets, etc., will be allowed. If you disturb other students (talking, etc.), you will be asked to leave the class. Any act of cheating will result in receiving "F" for the course.