Microsoft Word - 荳ｸ闌ゆｿ雁ｽｦ
|
|
|
- きよあつ ほがり
- 7 years ago
- Views:
Transcription
1 ABCP ABCP rollover risk 2 funding liquiditymarket liquidity 2 Brunnermeier and Pedersen Krishnamurthy A /A3 520 CMO!
2 180 3 ABCP Adrian and Shin Brunnermeier " AAA 1040 ABSAA/Aa Gorton and Metrick Gorton and Metrick Jensen and Meckling1976!
3 i 0, i 1 1 i Bi Y 1 0 p1p1p0 1 C 0 2 p ph pl phpl ΔppHpL0 1 1! Acharya and Viswanathan2011Holmstrom and Tirole1997 Acharya, Gale and Yorulmazer2011 Diamond and He2012 debt overhang 0
4 phy 1pLY Bi 1 2 i Y Bi Y Bi0 0 i i i 1 phy BiC"pLY Bi 1 12 Bi!B Y C Δp 2 2debt capacity B Y C Δp 2 i BiB 2 8 Y C Δp 2BiB i
5 183 ph pl B 1 2 iphbi i phy ic i 0 phy C i, g i G i 9 1 BiB phb i i i 0 0 i Bi α i r i i r si rsiα BiB i ph Bi G i 2011
6 184 ε rε 12 i Bi α α i phεsi 3 rsi i ph εsi 3 α i phεsi α Bi α Bi Bi i phεsi sir4 sirmax i,0 4 rε ph 4 r i BiB i ph0 r di 1 λ 0, 1 5 rdi 1λ i ph 5 5 dir α rsi!bi
7 185 6 dirmax 1λ i,0 6 rph iphbi G i4 6 i Sr7 i Sr g id i rε ph rε ph G id i 8 Dr9 Dr 1λ i g id i 1λ rph rph G id i EDr 0 r EDr 1λ r ph G id i 0 r ε ph r r 11 r 1 ε 1λ G id i 11
8 λ G id i 12 1 ε, 2 λ, 3 G A1A1 r ε ε r 2 1λ G id i A1 1 ε 7 10A1 r r 1 1A1 ε r 2 3
9 187 λ 9 10 A1 r r 2 2A1 λ r 3 0 G i G id i A1 r r 3 3A A i i G i
10 A1 r r 4 4A1 1 ABCP
11 r!edr 1 1λ!r G id i ph r ε 2 r 2 A0 r A1A0 0 1 ε r 2 1λ G id i A1 A1 r ε ε, λ!edr 0!ε r ε 2 ph!edr!λ G id i 0 r ph!edr 1λ G 1G 0! r ph r ε ph A2 A3 A r 3 A1!EDr!r 0 dr dε!edr!ε!edr!r 0 dr dλ!edr!λ!edr!r 0 dr d!edr!!edr!r 0 A5 A6 A
12 pp Acharya, V. V., Gale, D. and T., Yorulmazer.2011Rollover Risk and Market Freezes,Journal of Finance, Vol.66, No.4, pp Acharya, V. V. and S., Viswanathan.2011Leverage, Moral Hazard and Liquidity,Journal of Finance, Vol.66, No.1, pp Adrian, T. and H., S., Shin.2010Liquidity and Leverage,Journal of Financial Intermediation, Vol.19, No.3, pp Brunnermeier, M. K.2009Deciphering the Liquidity and Credit Crunch ,Journal of Economic Perspectives, Vol.23, No.1, pp Brunnermeier, M. K. and L., H., Pedersen.2009Market Liquidity and Funding Liquidity,Review of Financial Studies, Vol.22, No.6, pp Diamond, D. W., and Z., He.2012A Theory of Debt Maturity : The Long and Short of Debt Overhang, NBER Working Paper, No Gorton, G. and A., Metrick.2009Haircuts,NBER Working Paper, No Gorton, G. and A., Metrick.2012Securitized Banking and the Run on Repo,Journal of Financial Economics, Vol.104, No.3, pp Holmstrom, B. and J., Tirole.1997Financial Intermediation, Loanable Funds, and the Real Sector,Quarterly Journal of Economics, Vol.111, No.3, pp Jensen, M. and W., Meckling.1976Theory of the Firm : Managerial Behavior, Agency Costs, and Capital Structure,Journal of Financial Economics, Vol.3, No.4, pp Krishnamurthy, A.2010How Debt Markets Malfunctioned in the Crisis,Journal of Economic Perspectives, Vol.24, No.1, pp.3 28.
Title Author(s) Kobe University Repository : Kernel 流 動 性 危 機 : レパレッジとモニタリング (< 特 集 > 世 界 金 融 危 機 )(Liquidity Crisis : Leverage and Monitoring ( World Financial Crisis)) 丸 茂, 俊 彦 Citation 国 民 経 済 雑 誌,203(1):107-119
001-002/2
97 97 97 An Analysis of 97 Asian Crisis in Terms of Liquidity Aspect This paper focuses on one of the main elements, which cause the Asian Crisis in 997. much on the short-term foreign capital, is one
headquarter Gertner et al. winner-picking Wal-Mart s
CJEB The financial strategies of Japanese multinational enterprises and internal capital market, Columbia Business School, CJEB, Working Paper No., April,. headquarter Gertner et al. winner-picking Wal-Mart
戦間期日本企業の資金調達、資本コスト、資本構成：最適資本構成理論からみた1930年代における企業財務
1930 Modigliani and Miller [1958] 170 1930 2008 7 16 I E-mail: takashi.nanjou@boj.or.jp E-mail: cc00881@srv.cc.hit-u.ac.jp //2009.7 81 1. 1 2 M&A 3 4 1965 1969 1995 1995 1993 1 2008 2008 1985 2006 10 ROA
[17]Holmström and Tirole (2000) (1) (2) (1) (2) 1 1 2
![[17]Holmström and Tirole (2000) (1) (2) (1) (2) 1 1 2](/thumbs/91/105001680.jpg "[17]Holmström and Tirole (2000) (1) (2) (1) (2) 1 1 2")
2002 4 1 1990 1 525-8577 1-1-1. Tel.: 077-561-4855. Fax.: 077-561-3964. E-mail: khori@ec.ritsumei.ac.jp 1 [17]Holmström and Tirole (2000) (1) (2) (1) (2) 1 1 2 MM MM MM MM CP 0 3 1 1990 1970 2 2 1 1 17%
商学 ５９‐５・６／２．丸茂
296 1 2 3 3 2001 DNS RTGS DNS DNS DNS 1 297 DNS RTGS RTGS 1 1 RTGS 2001 DNS RTGS BIS BIS RTGS DNS 1 Freeman1996 nonoptimal equilibria of constrained liquidity 2 2000 Rochet and Tirole1996 Freeman19962006
橡motonishi.PDF
2000 3 ITME Discussion Paper No.26 850-8506 4-2-1 moto@net.nagasaki-u.ac.jp 1 1 MRF 1 (2000) 2 MRF 2 Schreft (1997) 3 2 Tobin (1985) Friedman (1992) 3 3 4 5 3 4 5 2 White (1984) 1 4 (1996) (1999) (1999)
導入
CIRJE-J-120 2004 10 CIRJE http://www.e.u-tokyo.ac.jp/cirje/research/03research02dp_j.html ** *** ** okazaki@e.u-tokyo.ac.jp *** masaki@econ.osaka-u.ac.jp - 1 - History of Production Organizations Abstract
国際流動性に関する財政的側面について
IMF SDR IMF 2011 6 1 2 2011 E-mail: obstfeld@econ.berkeley.edu / /2011.10 35 1. 2007 2009 2 Goodhart [1999] 2010 11 2. 4 1970 IMF 1960 36 /2011.10 international reserve 1 D 35 1 D 35 1960 Eichengreen [2011]
株式保有構成と企業価値 ─コーポレート・ガバナンスに関する一考察─
q E-mail: kenji.nishizaki@boj.or.jp E-mail: kurasawa@ynu.ac.jp OECD Vives Tirole Shleifer and Vishny q %% %% % % Allen and Gale %% % Admati, Pfreiderer and Zechner Burkart, Gromb and Panunzi Cremer 1995Pagno
, 3, 1999, 4,,
1, 1992 2005,,, 10 2,, 1992 1998 1,,, 1998 2002 2,, 3,,, 2002, 2002 3 1 2 1 , 3, 1999, 4,, 3 14 11 2 I, 10,, 1992 2005, 2,, 3, 4,, II,, 1992 1998 1,, 1998 2002 2 2002 3 II-1: 1 1993 1998 90,, 1995 6850,,
aragciv54mac.dvi
2013 3 25 ( 4 ) Modigliani-Miller(1963) 1 1 1 IRR ( ) NPV IRR NPV IRR NPV IRR 100 EBIT 20 20% τ (1 τ) 20% CC tax = S V ρ S + B V (1 τ)ρ B (1) S B V ρ S CAPM 1 ρ B *1 (1) MM *2 ( ) MM MM ( ) MM (1 τ) 20%
Kobe University Repository : Kernel Title 世 界 金 融 危 機 の 東 アジア 新 興 国 経 済 への 影 響 Author(s) 金 京, 拓 司 Citation 国 民 経 済 雑 誌, 202(5): 61-70 Issue date 2010-11 Resource Type Departmental Bulletin Paper / 紀 要
本邦株式市場の流動性に関する動学的考察―東京証券取引所のティック・データ分析―
tightnessdepth resiliency BIS Market Liquidity: Research Findings and Selected Policy Implications BISWorld Wide Web http://www.bis.org E-mail: jun.muranaga@boj.or.jp Muranaga and Shimizu O Hara Muranaga
ベンチャー・キャピタル投資契約の
2005 8 23 B B IPO 1 VC VB VC 2 VC VB...2... 2 VC VB... 3... 5...7... 7... 8... 9...10... 12... 15... 17 VC 18 VC /...18...21 27...27 VC... 27 VB... 28...28 1... 28 2... 29 3... 29 4... 29 5... 30 6...
わが国銀行業の将来像― 預金通貨需要からのアプローチによるマクロ的サイズの検討―
M1GDP M2M1 M1GDP M2M1 E-mail: kazuhiko.ishida@boj.or.jp E-mail: hitoshi.mio@boj.or.jp M2GDP Modigliani-Miller: MM Hoshi and Kashyap HKHK HK Quarterly Financial Report for Manufacturing, Mining and Trade
中田真佐男 ３２３‐３５２／３２３‐３５２
IT FinTech Finance Technology e SNS (AI) (2013) (2015) ATM IC EMV VISA MasterJCB VISA Master (Union Pay) VISA Master JCB J-Debit J-Debit VISA IC Alipay QR POS nanaco WAON EdyJR Suica PASMO au Master au
商学 ６５‐５☆／１４．植田
708 709 2000 2000 1 3 hedge speculative ponzi G Π DS G Πt DSt t 1,2,...,n 1 G Πt DSt 1 t j 2 G Πt DSt j 1 t n 3 710 G Πt DSt 1 t n 1 4 G Πt DSt t n 5 2 Minsky Foley 2003 Charles 2008 a Lima and Meirelles
03.™ƒ−ÔŁñ“’
BIS BIS, Implications for Central Banks of the Development of Electronic Money, 1996. IC IC IC BC BA IC IC ATM ATM BIS POS IC IC ICICIC ECOM ECOM face-to-face IC Berger, A. N., D. Hancock, and J. C.
OSIPP40_p1_2.eps
2006 年 秋号 No.40 1 2 Asia-Pacific Financial Markets Review of Pacific Basin Financial Markets and Policies Studies on a Second Generation of Disequilibrium Economics International Economic Integration and
-34-
-33- -34- ! -35- ! -36- ! -37- -38- -39- -40- -41- -42- -43- -44- -45- -46- -47- -48- -49- -50- ! -51- -52- !! -53- -54- ! -55- -56- -57- !!!!! "" "!!! " "" " -58- -59- !!! -60- -61- -62- -63- ! -64- !
PFI
PFI 23 3 3 PFI PFI 1 1 2 3 2.1................................. 3 2.2..................... 4 2.3.......................... 5 3 7 3.1................................ 7 3.2.................................
株式分割払込制度と企業金融、設備投資の関係について ─1930年代初において株式追加払込が果たした役割を中心に─
IMES DISCUSSION PAPER SERIES Discussion Paper No. 2007-J-20 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN 103-8660 30 http://www.imes.boj.or.jp IMES Discussion Paper Series 2007-J-20 2007
経営学第52巻第4・5号 11 小林磨美.indd
第 52 巻第 4 5 号 立命館経営学 2014 年 1 月 179 論説 金融危機における諸問題の整理と 1) ミクロ経済学的研究の課題と展望 目次 Ⅰ. はじめに Ⅱ. 金融危機以前の先進国金融システムを取り巻く環境 Ⅲ. 金融機関と金融システムの進化 Ⅳ.2007 年からの金融危機 : 概要 1. サブプライム ショック 2. リーマン ショック 3. ソブリン危機 Ⅴ. 今回の金融危機の特徴
IMES DISCUSSION PAPER SERIES Discussion Paper No. 99-J- 9 -J-19 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN
IMES DISCUSSION PAPER SERIES Discussion Paper No. 99-J- 9 -J-19 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN 100-8630 03 IMES Discussion Paper Series 99-J- 9 -J-19 1999 6 * * [1999] *(E-mail:
濱田弘潤 : 多角化企業の利潤分析 77 多角化企業の利潤分析 多角化ディスカウントの寡占理論による説明 * 濱田弘潤 (diversification discount) Keywords: JEL classifications: D43, L13, L22, G
濱田弘潤 : 多角化企業の利潤分析 77 多角化企業の利潤分析 多角化ディスカウントの寡占理論による説明 * 濱田弘潤 (diversification discount) Keywords: JEL classifications: D43, L13, L22, G34 950-2181 2 8050 Tel. and fax: 025-262-6538 E-mail: khamada@econ.niigata-u.ac.jp
BB 報告書完成版_修正版）040415.doc
3 4 5 8 KW Q = AK α W β q = a + α k + βw q = log Q, k = log K, w = logw i P ij v ij P ij = exp( vij ), J exp( v ) k= 1 ik v i j = X β αp + γnu j j j j X j j p j j NU j j NU j (
本 ディスカッションペーパーの 内 容 や 意 見 は 全 て 執 筆 者 の 個 人 的 見 解 であり 金 融 庁 あるいは 金 融 研 究 センターの 公 式 見 解 を 示 すものではありません
FSA Institute Discussion Paper Series エージェントシミュレーションを 用 いた 価 格 規 制 と ネイキッド ショート セ リングの 禁 止 の 有 効 性 の 検 証 大 井 朋 子 DP 2012-5 2012 年 12 月 金 融 庁 金 融 研 究 センター Financial Research Center (FSA Institute) Financial
290 新潟大学経済論集第 92 号 2011-Ⅱ AC 3 A 3 B C
齋藤達弘 : 株式会社ブルボンの財務政策 289 株式会社ブルボンの財務政策 齋藤達弘 2011 27 50 8 1991 1993 2009 9 17.5% 2009 1 2011 27 (C) 23530431 1 3% 3 1,022 676 66% 286 28% 59 6% 290 新潟大学経済論集第 92 号 2011-Ⅱ 1 http://www.dir.co.jp/publicity/column/070622.html
村本 孜７１‐８９／７１‐８９
MERITUM RICARDIS OECD https://www.jicpa knk.ne.jp/download/image/index.html EU (intellectual capital rating) BCP OECD IR ex.) ex.) ex.) ex.) http://www.meti.go.jp/policy/intellectual_assets/index.htm (intellectual
取引銀行の破綻が企業経営に及ぼす影響について－阪和銀行破綻の事例分析－
2 JEL Classification: G21, G14 Key words: e-mail y-murakami@aria.ocn.ne.jp 1 The Effect of Bank Failure on Client Firms A Study on the Hanwa Bank s Failure By Yoshiko Murakami Abstract The financial theories
野村資本市場研究所｜国際基準との調和も踏まえた米国SIFI規制（PDF）
SIFI 1. FRB 2011 12 20 500 FRB SIFI 500 FRB 2. SIFI FRB G-SIB 2016 LCR NSFR 3. SIFI 25 SIFI 10 2 SIFI 4. SIFI 83 2012 Winter FRB FRB 2011 12 20 1 SIFIFRB 2011 4 6 2012 165 (a) interconnected 500 bank holding
P-12 P-13 3 4 28 16 00 17 30 P-14 P-15 P-16 4 14 29 17 00 18 30 P-17 P-18 P-19 P-20 P-21 P-22
1 14 28 16 00 17 30 P-1 P-2 P-3 P-4 P-5 2 24 29 17 00 18 30 P-6 P-7 P-8 P-9 P-10 P-11 P-12 P-13 3 4 28 16 00 17 30 P-14 P-15 P-16 4 14 29 17 00 18 30 P-17 P-18 P-19 P-20 P-21 P-22 5 24 28 16 00 17 30 P-23
わが国のレポ市場について―理論的整理と実証分析―
GCGC SC GCSC SC SC E-mail: yasunari.inamura@boj.or.jp E-mail: naohiko.baba@boj.or.jp GC general collateralscspecial collateral Griffiths and Winters GCFF Jordan and JordanDuffie matched book GC GC SC DuffieKrishnamurthy
わが国企業による資金調達方法の選択問題
* takeshi.shimatani@boj.or.jp ** kawai@ml.me.titech.ac.jp *** naohiko.baba@boj.or.jp No.05-J-3 2005 3 103-8660 30 No.05-J-3 2005 3 1990 * E-mailtakeshi.shimatani@boj.or.jp ** E-mailkawai@ml.me.titech.ac.jp
2 I- I- (1) 2 I- (2) 2 I- 1 [18] I- I-. 1 I- I- Jensen [11] I- FF 3 I- FF 3 2 2.1 CAPM n ( i = 1,..., n) M t R i,t, i = 1,..., n R M,t ( ) R i,t = r i
![2 I- I- (1) 2 I- (2) 2 I- 1 [18] I- I-. 1 I- I- Jensen [11] I- FF 3 I- FF 3 2 2.1 CAPM n ( i = 1,..., n) M t R i,t, i = 1,..., n R M,t ( ) R i,t = r i](/thumbs/39/20085570.jpg "2 I- I- (1) 2 I- (2) 2 I- 1 [18] I- I-. 1 I- I- Jensen [11] I- FF 3 I- FF 3 2 2.1 CAPM n ( i = 1,..., n) M t R i,t, i = 1,..., n R M,t ( ) R i,t = r i")
1 Idiosyncratic,, Idiosyncratic (I- ) I- 1 I- I- Jensen I- Fama-French 3 I- Fama-French 3 1 Fama-French (FF) 3 [6] (Capital Asset Pricing Model; CAPM [12, 15]) CAPM ( [2, 10, 14, 16]) [18] Idiosyncratic
銀行の不良債権問題と資本市場の経営監視機能 鹿野嘉昭
509 65 1 1980 1990 2000 5 2005 66 510 58 4 1999 2002 1980 1986 3 1998 3 2 3 4 511 67 2 2. 1 1985 10 1980 1980 1989 5 1990 8 6 1990 3 1990 1991 68 512 58 4 2. 2 2002 1986 1990 1991 1994 1980 1990 513 69
上場変更と株価：株主分散と流動性変化のインパクト
Merton Amihud and Mendelson NASDAQ JASDAQ JASDAQ JASDAQ QUICK E-mailjuno@waseda.jp E-mailshibata-mai@c.metro-u.ac.jp E-mailtakeshi.shimatani@boj.or.jp E-mailtokiko.shimizu@boj.or.jp JASDAQ JASDAQ Merton
(1) (Karlan, 2004) (1) (1973) (1978) (1991) (1991) 1
2004 1 8 2005 12 17 1 (1) (Karlan, 2004) 2 3 4 5 E-mail: aa37065@mail.ecc.u-tokyo.ac.jp (1) (1973) (1978) (1991) (1991) 1 2 2 2.1 (, 1978, 7 ) (2) (1988) 38 2 (3) (4) (2) (1986) 91 (1996) 2 1 (1993) 1
66-5 足代訓史.pwd
plate-forme ICT BP p. 270 p. 135 pp. 135 136 JSPS SPACE ALC plateau : http://eow.alc.co.jp/search?q=plateau&ref=sa p. 136 SNS p. 222 Negoro and Ajiro 2013 4 AV p. 5 p. 5 p. 5 OS p. 5 p. 81 Eisenmann, Parker
２００７ １月号×／セミナー（扉）
Appraisal & Finance Appraisal & Finance Appraisal & Finance Appraisal & Finance Appraisal & Finance α Appraisal & Finance α Appraisal & Finance Appraisal & Finance Appraisal & Finance Appraisal & Finance
伝統的な経済学では、「消費は重要ではあるが、気にしなくてもよい」と考えられてきた
2005 1 2004 SARS 2003 IMF 2004 5.0 2004 4.1 0.9 30 2005 2004 2005 2005 2005 2004 2005 IMF 2005 4.3 2004 IMF 2004 2003 3.0 4.3 2003 2 2003 2004 IT 2005 IMF 2005 2004 3.5 IT 1995 10 2.8% 10 2 1 IT IT 2004
M&A の経済分析：M&A はなぜ増加したのか
RIETI Discussion Paper Series 06-J-034 RIETI Discussion Paper Series 06-J-034 M&A の経済分析 :M&A はなぜ増加したのか 蟻川靖浩 宮島英昭 ( 早稲田大学 RIETI) 2006 年 4 月 要旨 1990 年代以降の M&A の急増の主要な要因は 産業や企業の成長性や収益性へのショックである とりわけ M&A を活発に行っている産業あるいは企業の特性としては
組織の経済学：企業の境界
2009 11 30 2009 2... 3?... 4 4... 5 6... 7!... 8... 11 12... 13... 14 Fundamental Transformation.... 15... 16... 17... 19... 20.... 21... 22?... 23... 24... 27 28... 29.... 30... 33... 35... 36... 37...
Title 役員持株は企業業績に影響を与えるか? Author(s) 久保, 克行 Citation Issue Date Type Technical Report Text Version publisher URL
Title 役員持株は企業業績に影響を与えるか? Author(s) 久保, 克行 Citation Issue 2001-03 Date Type Technical Report Text Version publisher URL http://hdl.handle.net/10086/13954 Right Hitotsubashi University Repository Center
1 st 2 nd Dec
2 12 1 2 2 1 st 2 nd Dec.2007 2 1 st 2 nd Dec.2007 1 3 1 st 2 nd Dec.2007 1 2 1 2 1. 2. (2004) 3. 3 4 3 1 2 1. 2. 3 1. 2. 3. 4 4 1 2 5 1 2 6 4 1 st 2 nd Dec.2007 5 1 st 2 nd Dec.2007 1 10 (2004) 4 120
CHUO UNIVERSITY 3
2 CHUO UNIVERSITY 3 4 CHUO UNIVERSITY 5 6 CHUO UNIVERSITY 7 8 Journal of Economic Behavior and Orgnanization Games and Economic Behavior Journal of Comparative Economics CHUO UNIVERSITY 9 10 CHUO UNIVERSITY
6) 7) MBO management buy-out 2 necessity sufficiency ) 21
1) 1997 15 02 03 751 1998 8 9 04 1996 16.1% 17.5% 26.9% 64.9% 63.3% 48.9% 2) 02 54.8% 59.0% 61.8% 78.6% 46.5% 1996 17.8% 19.9% 18.7% 42% 11.9% 3) 4) 01 3 1 3 2 03 04 1 TCL 5) Vol. 52, No. 4, October 06
An Empirical Study of the Securities Firms' Dilemma on Financial Innovation through Diffusion of Internet Deals Yasugi Satoshi Bower, J. L., 1999, Disruptive technologies: Catching the wave,
130 Oct Radial Basis Function RBF Efficient Market Hypothesis Fama ) 4) 1 Fig. 1 Utility function. 2 Fig. 2 Value function. (1) (2)
Vol. 47 No. SIG 14(TOM 15) Oct. 2006 RBF 2 Effect of Stock Investor Agent According to Framing Effect to Stock Exchange in Artificial Stock Market Zhai Fei, Shen Kan, Yusuke Namikawa and Eisuke Kita Several
The Institute for Economic Studies Seijo University 6 1 20, Seijo, Setagaya Tokyo 157-8511, Japan The Institute for Economic Studies Green Paper No. 59 Consumers Decision on the Choice of Small Payment
[ 1 ] Barcena-Ruiz, J. C., and M. P. Espinosa, 1996, Long-term or Short-term Managerial Incentive Contracts, Journal of Economics and Management Strategy 5, 343-359. [2] Barros, F., 1995, Incentive Schemes
中京大学経済学論叢 23 号 2012 年 3 月 審査論文 1 Keywords: JEL Classi cation: L13, L22, L33 1 * *1 Inoue, Kamijo, and Tomaru (2009) Mukherjee and Suestrong
中京大学経済学論叢 23 号 22 年 3 月 審査論文 Keywords: JEL Classication: L3, L22, L33 * 2373253 * Inoue, Kamijo, and Tomaru (29)Mukherjee and Suestrong (29) Long and Stähler (29)Gil-Molto, Poyago-Theotoky, and Zikos (2)Matsumura
6 1873 6 6 6 2
140 2012 12 12 140 140 140 140 140 1 6 1873 6 6 6 2 3 4 6 6 19 10 39 5 140 7 262 24 6 50 140 7 13 =1880 8 40 9 108 31 7 1904 20 140 30 10 39 =1906 3 =1914 11 6 12 20 1945.3.10 16 1941 71 13 B29 10 14 14
中国の家計所得と消費構造に関する分析
20 9 2001 12 WTO 80 ...3...6...10...14... 14... 16 20 2003 3 13 625 9,500 3,000 200 825 9,000 2 4 4,000 2002 6 90 1 1 2002 1 1978 0.16 2001 0.32 20 2002 2001 0.51 household localization 2001 12 WTO 2006
untitled
PPP 1 2 PPP 2.1 PPP 4 PPP PPP 4 (1) PPP (2) (3) (4) 2.2 PPP PPP PPP 4 2-1 PPP Country Risk Related Laws & Regulations PPP Legal and Regulatory Framework Instit l Framework Instit l Strategic Planning Capacity
IMES DISCUSSION PAPER SERIES Discuss ssion Paper No. 98-J-2 INSTITUTE FOR MONETARY AND ECONOMIC STUDIES BANK OF JAPAN 100-8630 203 IMES Discuss ssion Paper Series 98-J-2 1998 1 VaRVWAP E-mail: ohsawa@boj.co.uk
-----------------------------------------------------------------------------------------1 --------------------------------------------------------------------------------------1 -------------------------------------------------------------------------------------1
›¼’à”v“lŠÍ1−ª
3 1 1 2 3 4 5 6 7 8 8 10 12 14 16 18 20 22 24 2 1 2 3 4 5 6 7 8 9 10 11 12 26 28 30 32 34 36 38 40 42 44 46 48 50 4 3 1 2 3 4 5 52 54 56 58 60 6 62 7 8 9 10 64 66 68 70 72 5 1 1 4 2 5 6 6 7 1 8 1 9 2 10
1 2 3 4 1 2 3 4 1 2 3 4 12 3 4
1 2 3 4 5 6 1 2 3 4 5 6 1 2 1 2 1 2 1 2 1 2 3 4 12 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 12 3 4 1 2 3 4 5 6 7 8 1 2 3 46 7 1 2 3 4 5 6 7 1 2 3 4 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 16 7 8 92 3 46 7 :
- 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10 - 11 2-12 - 1 - 2 - 3 - 4 - 5 - 6 - 7 - 1 - 2 - 3 6 1 1-4 - 5 - 6 - 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 130 3 130 5 2 50 1.5 48 59 62 63-9 - 1 - 2 - 3 () - 4 - 5 -
