KEIO RESEARCHERS INFORMATION SYSTEM

Papers 【 Display / hide 】

Papers 【 Display / hide 】

• Changes in the global investor base and the stability of portfolio flows to emerging markets

  Brandao-Marques L., Gelos G., Ichiue H., Oura H.

  Journal of Banking and Finance （Journal of Banking and Finance)  144 2022.11

  ISSN  03784266

  　View Summary

  The role of mutual funds in intermediating capital flows to emerging markets has grown, and the composition of types of funds has changed. Based on insights from the literature, we hypothesize that due to behavior of end investors, mutual fund flows are more sensitive to push- and pull factors when the assets held by funds are less liquid and the end investors are smaller, and when end investors can purchase or redeem funds more easily. Our empirical results based on fund-level asset allocation data across emerging markets are largely consistent with the hypotheses. Particularly, we find robust evidence that bond fund flows are more sensitive to pull- and push factors than equity fund flows. Since the share of fund types with higher sensitivities has tended to rise, the sensitivity of overall fund flows has likely increased. Our result also suggests that bond fund managers amplify selling pressure from end investors.

  • Access to Document (DOI)

• Assessing the Impact of Basel III: Evidence from Structural Macroeconomic Models

  JG Sahuc, O de Bandt, H Ichiue, B Durdu, J Mohimont, K Nikolov, ...

  EconomiX Working Papers  2022

• Too-big-to-fail Reforms and Systemic Risk

  K Furukawa, H Ichiue, Y Kimura, N Shiraki

  Bank of Japan Working Paper Series  2021

• How Does Climate Change Interact with the Financial System? A Survey

  K Furukawa, H Ichiue, N Shiraki

  Bank of Japan Working Paper Series  2020

• Consumers' Price Beliefs, Central Bank Communication, and Inflation Dynamics

  K Aoki, H Ichiue, T Okuda

  Bank of Japan  2019

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Research Projects of Competitive Funds, etc. 【 Display / hide 】

Research Projects of Competitive Funds, etc. 【 Display / hide 】

• 気候変動の経済的コストの推計

  2022.04

  -

  2026.03

  MEXT,JSPS, Grant-in-Aid for Scientific Research, 基盤研究(C), Principal investigator

Courses Taught 【 Display / hide 】

Courses Taught 【 Display / hide 】

• SEMINAR: MONEY, BANKING, AND FINANCE

  2024

• SEMINAR: INTERNATIONAL ECONOMICS

  2024

• RESEARCH SEMINAR D

  2024

• RESEARCH SEMINAR C

  2024

• RESEARCH SEMINAR B

  2024

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