Papers - YOSHINO, Naoyuki

個人向け投資サービスと行動ファイナンスを巡る研究会

YOSHINO Naoyuki

行動ファイナンスから読み解く個人向け投資サービスのあり方 (野村資本市場研究所)   2011.09

Research paper (scientific journal), Joint Work

Downgrading of US Goverment Securities:Impact on Northeast Asia and the Creation of Fiscal Discipline

YOSHINO Naoyuki

APEC,SME Crisis Management Center,SCMC,APEC,SME Economic Crisis Monitor  ( 14 )  2011.09

Research paper (scientific journal), Single Work

Excess Expansion of China's Realestate Market

YOSHINO Naoyuki

APEC,SME Crisis Management Center,SCMC,APEC,SME Economic Crisis Monitor  ( 13 ) 5-6 - 6 2011.08

Research paper (scientific journal), Single Work

Growing Budget Deficits and Sustainability:Why is japan still sustainable?

YOSHINO Naoyuki

APEC,SME Crisis Management Center,SCMC,APEC,SME Economic Crisis Monitor  ( 12 ) 5-6 - 6 2011.07

Research paper (scientific journal), Single Work

ピンチは先駆者となるためのチャンス

YOSHINO Naoyuki

経済の論点最終回, PHP Business Review (PHP Business Review)   ( 50 ) 64-65 - 65 2011.07

Research paper (scientific journal), Single Work

China,s inflation-Causes and possible remedies

YOSHINO Naoyuki

APEC,SME Crisis Management Center,SCMC,APEC,SME Economic Crisis Monitor  ( 11 ) 5-7 - 7 2011.06

Research paper (scientific journal), Single Work

Impact of Japan,s earthquakes/Tunami disaster on Asian Economy and the lessons to be learned

YOSHINO Naoyuki

APEC,SME Crisis Management Center,SCMC,APEC,SME Economic Crisis Monitor  ( 10 ) 5-7 - 7 2011.05

Research paper (scientific journal), Single Work

地震・津波を乗り越えるにはー日本経済の再生のための1シナリオ

YOSHINO Naoyuki

経済の論点19, PHP Business Review  ( 49 ) 40-41 - 41 2011.05

Research paper (scientific journal), Single Work

特別インタビュー 吉野直行 金融審議会会長に聞く

吉野 直行

月刊金融ジャ-ナル (金融ジャ-ナル社)  52 ( 5 ) 54 - 57 2011.05

Joint Work,  ISSN  0453-9176

• CiNii Research

アジアを取り巻く金融投資の変化とコーポレート・ガヴァナンス (経済・金融のグローバル・ガヴァナンス)

吉野 直行

国際問題 = International affairs (日本国際問題研究所)   ( 601 ) 12 - 22 2011.05

Joint Work,  ISSN  0452-3377

• CiNii Research

埋蔵金の誤解と国債の格下げ

YOSHINO Naoyuki

経済の論点18, PHP Business Review (PHP研究所)   ( 48 ) 58-60 - 60 2011.03

Research paper (other academic), Single Work

• CiNii Research

G20での議論ーグローバル不均衡

YOSHINO Naoyuki

経済の論点17, PHP Business Review  ( 44 ) 46-48 - 48 2011.01

Research paper (other academic), Single Work

Macroeconomics for MBAs and Masters Finance

YOSHINO Naoyuki

フィナンシャル・プランニング研究 (日本FP協会)   ( 11 )  2011

Research paper (conference, symposium, etc.), Single Work

Pro-cyclicality of the Basel Capital Requirement Ratio and Its impact on Banks

YOSHINO Naoyuki

Asian Economic Papers (MIT Press)  10 ( 2 ) 22 - 36 2011

Research paper (conference, symposium, etc.), Single Work,  ISSN  1535-3516

　View Summary

This paper proposes replacing the present Basel capital requirement with a new counter-cyclical measure. Optimally, (i) the Basel capital requirement ratio should depend on various economic factors such as the cyclical stage of GDP, credit growth, stock prices, interest rates, and land prices-hence, avoiding the expansion of bank loans during a boom period and a credit crunch during a sluggish period
(ii) the Basel minimum capital requirement rule should be different from country to country since the economic structures and the behavior of banks are different
and (iii) crossborder bank operation should follow the minimum capital requirement ratio where bank lending activities occur rather than the origin of the source of funds. © 2011 The Earth Institute at Columbia University and the Massachusetts Institute of Technology.

• Access to Document (DOI)

個人向け投資サービスと行動ファイナンスを巡る研究会

吉野 直行

行動ファイナンスから読み解く個人向け投資サービスのあり方 野村資本市場研究所  2011

Joint Work

座談会 住宅市場と消費税

井堀 利宏, 矢野 龍, 吉野 直行

住宅土地経済 (日本住宅総合センター)   ( 79 ) 2 - 16 2011

Joint Work,  ISSN  0917-3498

• CiNii Research

Global financial crisis and policy issues in Japan

Naoyuki Yoshino, Naoyuki Yoshino

Managing Economic Crisis in East Asia    190 - 205 2010.12

Joint Work

The role of public works in the political business cycle and the instability of the budget deficits in Japan

Naoyuki Yoshino, Tetsuro Mizoguchi

Asian Economic Papers 9 ( 1 ) 94 - 112 2010.12

Joint Work,  ISSN  1535-3516

　View Summary

This paper discusses the Liberal Democratic Party's (LDP) ability to maintain a majority of seats in the Diet after WWII by focusing on the role of public investment. The paper discusses three periods, namely, (i) the high-growth period (1950 to 1985), (ii) the asset bubble period (1986 to 1990), and (iii) the period of economic downturn after the bubble (post 1990). During the highgrowth period, government investment had a strong positive output effect and it increased the tax revenue in the medium and long run. The high rate of private capital formation boosted growth and tax revenue even further. During the asset bubble period of the late 1980s, Japanese tax revenue increased due to high asset and property prices, and growth stayed high because of strong aggregate demand. The Japanese economy experienced slower growth after the asset bubble burst. The LDP continued its high-spending policy by issuing Japanese government bonds (JGB) to finance the deficits but has not been able to revive growth to previous levels. Accumulated government debt now amounts to 180 percent of GDP and it will be difficult to issue any more JGB. Fiscal policy in post-bubble Japan no longer fulfilled the stability conditions that were identified by Blinder and Solow (1974). © 2010 The Earth Institute at Columbia University and the Massachusetts Institute of Technology.

• Access to Document (DOI)

真の円高リスク

YOSHINO Naoyuki

経済の論点16, PHP Business Review  ( 46 ) 48-49 - 49 2010.11

Research paper (scientific journal), Single Work

金融政策を決定するのには多くの要素を盛り込む必要がある

YOSHINO Naoyuki

経済の論点15, PHP Business Review  ( 45 ) 62-63 - 63 2010.09

Research paper (scientific journal), Single Work