Kiyotaka Nakashima

Independent Economist

SCHOLARLY PAPERS

11

DOWNLOADS

1,205

SSRN CITATIONS

18

CROSSREF CITATIONS

7

Scholarly Papers (11)

1.

Cash Usage Trends in Japan: Evidence Using Aggregate and Household Survey Data

TCER Working Paper Series: E-131
Number of pages: 41 Posted: 03 Apr 2019
Hiroshi Fujiki and Kiyotaka Nakashima
Chuo University - Faculty of Commerce and Independent Economist
Downloads 207 (222,021)
Citation 3

Abstract:

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cash demand, mattress deposits, credit cards

2.

Identifying Quantitative and Qualitative Monetary Policy Shocks

Number of pages: 52 Posted: 28 Apr 2017 Last Revised: 09 Feb 2020
Kiyotaka Nakashima, Masahiko Shibamoto and Koji Takahashi
Independent Economist, Kobe University - Research Institute for Economics & Business Administration and Bank for International Settlements (BIS)
Downloads 175 (257,597)

Abstract:

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quantitative easing; qualitative easing; conventional monetary policy; vector autoregressive model; anticipated shock

3.

Risk-Taking Channel of Unconventional Monetary Policies in Bank Lending

Number of pages: 63 Posted: 01 Oct 2017 Last Revised: 09 Sep 2021
Kiyotaka Nakashima, Masahiko Shibamoto and Koji Takahashi
Independent Economist, Kobe University - Research Institute for Economics & Business Administration and Bank for International Settlements (BIS)
Downloads 157 (282,371)
Citation 4

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unconventional monetary policy; quantitative and qualitative monetary easing; matched lender-borrower data; risk-taking channel; news shock

4.

An Econometric Evaluation of Bank Recapitalization Programs with Bank- and Loan-Level Data

Journal of Banking and Finance, Vol. 63, pp. 1-24, 2016
Number of pages: 62 Posted: 23 Apr 2014 Last Revised: 24 Feb 2020
Kiyotaka Nakashima
Independent Economist
Downloads 143 (304,640)
Citation 3

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public capital injection, treatment effect, capital crunch, difference-in-difference estimator, three-way fixed-effects model

5.

The Time Has Come for Banks to Say Goodbye: New Evidence on Bank Roles and Duration Effects in Relationship Terminations

Journal of Banking and Finance, 115, 105813
Number of pages: 52 Posted: 08 Jan 2016 Last Revised: 01 Feb 2021
Kiyotaka Nakashima and Koji Takahashi
Independent Economist and Bank for International Settlements (BIS)
Downloads 132 (324,221)
Citation 4

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matched lender-borrower data, bank-firm relationship, capital crunch, evergreening, flight to quality, duration effect, long-term contract

6.

The Real Effects of Bank-Driven Termination of Relationships: Evidence from Loan-Level Matched Data

Journal of Financial Stability, Vol. 39, pp. 46-65.
Number of pages: 58 Posted: 19 Jun 2015 Last Revised: 12 Oct 2018
Kiyotaka Nakashima and Koji Takahashi
Independent Economist and Bank for International Settlements (BIS)
Downloads 92 (416,907)
Citation 9

Abstract:

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matched lender-borrower data, relationship termination, switching of relationships, establishment of new relationships.

The Emergence of a Parallel World: The Misperception Problem for Bank Balance Sheet Risk and Lending Behavior

Number of pages: 47 Posted: 09 Dec 2018 Last Revised: 08 May 2021
Kiyotaka Nakashima and Koji Takahashi
Independent Economist and Bank for International Settlements (BIS)
Downloads 61 (532,421)
Citation 1

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bank capital structure; capital crunch; forbearance lending; loan-level data; bank asset risk; bank risk taking

The Emergence of a Parallel World: The Misperception Problem for Bank Balance Sheet Risk and Lending Behavior

Number of pages: 47 Posted: 23 May 2022
Koji Takahashi and Kiyotaka Nakashima
Bank for International Settlements (BIS) and Independent Economist
Downloads 14 (852,625)

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bank capital structure, capital crunch, forbearance lending, loan-leveldata, bank asset risk, bank risk taking

8.

The Impacts of Strengthening Regulatory Surveillance on Bank Behavior: A Dynamic Analysis from Incomplete to Complete Enforcement of Capital Regulation in Microprudential Policy

Number of pages: 42 Posted: 27 May 2020 Last Revised: 11 Aug 2021
Kiyotaka Nakashima and Toshiaki Ogawa
Independent Economist and Musashi University
Downloads 71 (485,030)
Citation 1

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regulatory surveillance, incomplete enforcement, heterogeneous bank model, prompt corrective action, bank capital ratio, credit crunch

9.

Uncertainty and Investment–Cash Flow Insensitivity: Evidence on Cautionary Channel

Number of pages: 51 Posted: 16 Jan 2020 Last Revised: 03 Sep 2021
Masayo Kani and Kiyotaka Nakashima
Tezukayama University and Independent Economist
Downloads 68 (496,242)

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uncertainty shock; capital investment; R&D; investment–cash flow sensitivity; system GMM; cautionary behavior

10.

Credit Allocation and Real Effects of Negative Interest Rates: New Micro-Evidence from Japan

Number of pages: 29 Posted: 19 Apr 2021
Kiyotaka Nakashima and Koji Takahashi
Independent Economist and Bank for International Settlements (BIS)
Downloads 66 (504,040)

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negative interest rates, credit supply and allocation effects, loan-level data, bank risk taking, reversal interest rate, profitability channel

11.

The Interaction Effect in a Nonlinear Specification of Bank Lending: A Replication and Reexamination of the Peek and Rosengren (2005) Results on 'Unnatural Selection'

Number of pages: 19 Posted: 19 Mar 2020
Hitoshi Inoue, Kiyotaka Nakashima and Koji Takahashi
affiliation not provided to SSRN, Independent Economist and Bank for International Settlements (BIS)
Downloads 19 (785,744)

Abstract:

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interaction effect, nonlinear specification, probit model, forbearance lending