Kiyotaka Nakashima

Independent Economist

SCHOLARLY PAPERS

12

DOWNLOADS

1,739

SSRN CITATIONS

23

CROSSREF CITATIONS

7

Scholarly Papers (12)

1.

Identifying Quantitative and Qualitative Monetary Policy Shocks

Forthcoming in International Journal of Central Banking
Number of pages: 60 Posted: 28 Apr 2017 Last Revised: 08 May 2023
Kiyotaka Nakashima, Masahiko Shibamoto and Koji Takahashi
Independent Economist, Kobe University - Research Institute for Economics & Business Administration and Bank for International Settlements (BIS)
Downloads 358 (157,893)

Abstract:

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

2.

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 292 (196,043)
Citation 3

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cash demand, mattress deposits, credit cards

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 194 (290,875)
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: 12 May 2023
Kiyotaka Nakashima
Independent Economist
Downloads 154 (355,732)
Citation 6

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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 153 (357,681)
Citation 5

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

6.

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 135 (395,015)
Citation 1

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

7.

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 107 (470,277)
Citation 14

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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 71 (615,422)
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 32 (874,685)

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

9.

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 100 (493,117)
Citation 1

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

10.

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 83 (554,675)

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

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 34 (833,842)

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interaction effect, nonlinear specification, probit model, forbearance lending

12.

Psychological Motivations for Collectivist Behavior: Comparison between Japan and the U.S.

Forthcoming in Mind & Society
Number of pages: 34 Posted: 04 Jun 2023
Shinichi Hirota, Kiyotaka Nakashima and Yoshiro Tsutsui
Waseda University - Graduate School of Commerce, Independent Economist and Kyoto Bunkyo University
Downloads 26 (903,503)

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collectivism; conformity; motivations; efficiency; institutions