http://kiyotaka.sakura.ne.jp/
Independent Economist
quantitative easing; qualitative easing; conventional monetary policy; vector autoregressive model; anticipated shock
cash demand, mattress deposits, credit cards
unconventional monetary policy; quantitative and qualitative monetary easing; matched lender-borrower data; risk-taking channel; news shock
negative interest rates, credit supply and allocation effects, loan-level data, bank risk taking, reversal interest rate, profitability channel
public capital injection, treatment effect, capital crunch, difference-in-difference estimator, three-way fixed-effects model
matched lender-borrower data, bank-firm relationship, capital crunch, evergreening, flight to quality, duration effect, long-term contract
matched lender-borrower data, relationship termination, switching of relationships, establishment of new relationships.
regulatory surveillance, incomplete enforcement, heterogeneous bank model, prompt corrective action, bank capital ratio, credit crunch
bank capital structure; capital crunch; forbearance lending; loan-level data; bank asset risk; bank risk taking
bank capital structure, capital crunch, forbearance lending, loan-leveldata, bank asset risk, bank risk taking
uncertainty shock; capital investment; R&D; investment–cash flow sensitivity; system GMM; cautionary behavior
interaction effect, nonlinear specification, probit model, forbearance lending
collectivism; conformity; motivations; efficiency; institutions
