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| Kaoru HOSONO |
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Professor |
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| (Date of Birth: October 1, 1961) |
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Undergraduate
Macroeconomics (Basic Course)
Economics
Seminar
Graduate
Special Study: Economic Theory I (Financial System and Macroeconomy) |
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1984 B.A. (Economics) Kyoto University
1990 M.A. (Economics) Northwestern University |
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1984-1996 Staff at Economic Planning Agency, Government of Japan
1996-1998 Associate Professor, Institute of Economic Research, Hitotsubashi University
1998 Economist, Economic Planning Agency, Government of Japan
1999-2002 Associate Professor, Faculty of Economics, Nagoya City University
2003 Associate Professor, Faculty of Economics, Gakushuin University
2004 Professor, Faculty of Economics, Gakushuin University |
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Research Interests
Soft budget constraint problems in the Japanese banking system
Bank regulation and market discipline around the world
The value of multiple banking relationships during the Japanese banking crisis
Monetary transmission mechanism in Japan
Research/Publications
[Book]
Effectiveness and Limitations of Monetary Policy: Evidence from Japan during the 1990s (in Japanese, Kinyu seisaku no yukousei to genkai, 90 nendai Nippon no jisshou bunseki), (K. Hosono, S. Sugihara, and T. Mihira) Toyo Keizai Shimposha, Tokyo, 2001
[Articles]
Refereed Journal
"Information Role of the Main Bank SystemﾑReexamined," (in Japanese, with English summary) Economic Review (Keizai Kenkyu), October 1997, v. 48, iss. 4, pp. 306-18.
"Liquidity Effects and the Demand for Reserves--Evidence from Daily Data in Japan," (in Japanese, with English summary) (K. Hosono, S. Sugihara, and T. Mihira) Economic Review (Keizai Kenkyu), October 2000, v. 51, iss. 4, pp. 346-57.
"The Transmission of Monetary Policy through Borrowers' Balance Sheets--Evidence from Panel Data on Japanese Firms," (in Japanese, with English summary) (K. Hosono, and T. Watanabe) Economic Review (Keizai Kenkyu), April 2002, v. 53, iss. 2, pp. 117-33.
"Soft Budget Constraints in Local Government Investment and Inefficiency of Construction Industries," (in Japanese) (K. Hosono, and M. Fujisawa) JCER Economic Journal, March 2003, No. 47, pp. 20-40.
"The Relationship between Relative-Price Changes and Inflation--Evidence from Six Countries," (in Japanese, with English summary) (T. Watanabe, K. Hosono, and M. Yokote) Economic Review (Keizai Kenkyu), July 2003, v. 54, iss. 3, pp. 206-22.
"Growth Opportunities, Collateral and Debt Structure: The Case of the Japanese Machine Manufacturing Firms," Japan and the World Economy, August 2003, v. 15, iss. 3, pp. 275-97.
"Corporate Governance and Research and Development: Evidence from Japan," (K. Hosono, M. Tomiyama, and T. Miyagawa) Economics of Innovation & New Technology, March 2004, v. 13, iss. 2, pp. 141-164.
Other Publications
"Shortage in Savings and High Interest Rates around the World: Empirical Analysis of the Impact of German Unification on the World Economy," (in Japanese) (K. Hosono, and S. Hayashi) in K. Ueda and M. Fukao (eds.) International Finance in the 1990s (90 nendai no kokusai kinyu, in Japanese), Nippon Keizai Shinbunsha, Tokyo, 1991, pp. 63-84.
"Money, Credit, and Production," (in Japanese) in Y. Honda (ed.) Japanese Business Cycles (Nippon no keiki ﾐ Baburu soshite Heisei fukyo no dougaku jisshou bunseki, in Japanese), Yuhikaku, Tokyo, 1995, pp. 129-156.
"Does Capital Market Liberalization Harden the Soft Budget Constraints?" Oikonomika (Nagoya City University), September 2000, vol. 37, iss. 1, pp. 39-48.
"Money Market Operations by the Bank of Japan and Call Rates," (in Japanese) (K. Hosono, S. Sugihara, and T. Mihira," Economic Analysis (Keizai Bunseki), November 2000, No. 162, pp. 1-109.
"Financial Liberalization, Bank Monitoring, and the Soft Budget Constraints," Oikonomika (Nagoya City University), March 2002, vol. 38, iss. 3-4, pp. 37-64.
"Econometric Analysis of Asian Currency Crises," (in Japanese) in K. Ogawa (ed.) International Comparison of Policy-Induced Crises (Seisaku kiki no kokusai hikaku, in Japanese) 2002, Nippon Hyoronsha, Tokyo, pp. 43-58.
Works in Progress
"Soft Budget Problems in the Japanese Banking System, (K. Hosono, and M. Sakuragawa) mimeographed, 2004.
"Depositor Discipline during the Banking Crisis in Japan," mimeographed, 2004.
"Bank Regulation and Market Discipline around the World," (K. Hosono, H. Iwaki, and K. Tsuru) mimeographed, 2004.
"Market Discipline in Bank Regulation and Governance," paper presented at the Seminar on Corporate Governance of Banks in Asia held by ADBI and CEI on June 10-11, 2004.
"The Transmission Mechanism of Monetary Policy in Japan: Evidence from Banksﾕ Balance Sheets," mimeographed, 2004.
"Human Capital, Migration, and Regional Income Convergence in the Philippines," (H. Toya, K. Hosono, and T. Makino) mimeographed, 2004.
[Book Review]
Consumer Behavior and Asset Markets in Japan (Shouhisha Koudou to Nippon no Shisan Shijou, in Japanese) (S. Hamori) Japanese Journal of Financial Economics vol. 2, no. 1, January 1998, pp. 127-130.
Other Activities
[Academic Association]
Japanese Economic Association |
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