 |
|
|
学習目標(到達目標) |
CD/PD code:2 3 4 5 8
In this class, we will have a close look at the nuts and bolts of Japanese financial system, especially focusing on banking system's inefficiency and Japan's monetary policy. |
|
|
授業概要(教育目的) |
Towards the end of the semester, we will visit the Tokyo Stock Exchange, and do "stock trading simulation," which many students in the past found very enjoyable. |
|
| 授業計画表 |
|
|
|
| 回 | 項目 | 内容 |
| 第1回 | Intro to the class | including the review of the key concepts we learned in the Spring Semester | | 第2回 | History of Japanese Banking System and Role of Keiretsu | Slide | | 第3回 | Japanese Financial Crisis and lost decade | Hoshi and Kashyap (2004)
https://www.aeaweb.org/articles/pdf/doi/10.1257/089533004773563412 | | 第4回 | Japanese Financial Crisis and lost decade (2) | Hoshi and Kashyap (2004)
https://www.aeaweb.org/articles/pdf/doi/10.1257/089533004773563412 | | 第5回 | Consolidation of Japanese Banking System | Slide | | 第6回 | The inefficiency of Japan's banking system | Elena Loukoianova, (2008) Analysis of the Efficiency and
Profitability of the Japanese Banking System, IMF WP 08/63 | | 第7回 | The history of BoJ | Shizume (2017)
https://www.waseda.jp/fpse/winpec/assets/uploads/2014/05/No.E1719.pdf | | 第8回 | Why deflation is bad? | Slide | | 第9回 | Monetary policy under zero-lower bound | Slide | | 第10回 | Japan's unconventional monetary policy | Slide | | 第11回 | Japan's unconventional monetary policy (2) | Slide | | 第12回 | Japan's ageing population and monetary policy's effectiveness | Slide | | 第13回 | TSE Tour | TBA | | 第14回 | Review for the final exam | | | 第15回 | Final exam | |
|
|
|
| 授業形式 |
I am at interactive class, where students actively participate in the discussion. Your participation would be 10% of the grade. |
|
| 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
|
| 90% |
0% |
0% |
10% |
0% |
100% |
|
|
|
| 評価の特記事項 |
The sample exam will be distributed out of which 3-4 questions will be asked. |
|
| テキスト |
Cecchetti & Schoenholtz's Money, Banking and Financial Markets: helpful but not necessary.
|
|
| 参考文献 |
Shizume (2017) A History of the Bank of Japan, 1882-2016
WP/08/63
Elena Loukoianova, (2008) Analysis of the Efficiency and
Profitability of the Japanese Banking System, IMF WP 08/63
|
|
| オフィスアワー(授業相談) |
By appointment. I will have an extra office hour a few days before the exam for the last minute help. |
|
| 事前学習の内容など，学生へのメッセージ |
Japan is a vanguard economy in many sense: low inflation, ageing, ineffectiveness of monetary policy. We will have a close look at Japanese financial system and think together if the world economy is heading for "Japanification". |