KOKUSAI KEIZAI
Online ISSN : 1884-4359
Print ISSN : 0387-3943
ISSN-L : 0387-3943
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Volume 65
Displaying 1-6 of 6 articles from this issue
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ARTICLES PRESENTED AT THE 72nd ANNUAL MEETING
  • Wither the World Capitalism?
    ─ Financial Liberalization and Instability
    Toshiaki Hirai
    Article type: ARTICLES PRESENTED AT THE 72nd ANNUAL MEETING
    2014 Volume 65 Pages 1-30
    Published: 2014
    Released on J-STAGE: June 27, 2015
    Advance online publication: October 21, 2014
    DOIhttps://doi.org/10.5652/kokusaikeizai.kk2014.01.t
    JOURNAL FREE ACCESS
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    In this report we mainly focused on how the FG (financial globalization) has been making the world economy increasingly unstable and volatile as time has gone by. First, we explained how financial liberalization has proceeded in the US, and saw how the world financial system has become unstable and vulnerable, leading up to the instability of the world economy, as a result of the FG. Then we reflected what the FG has implied in relation to the world economy. Finally, we explained what the Dodd=Frank Act (July 2010) is and how slowly its implementation has proceeded together with the correspondent situation in the EU and the UK.
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  • Comment
    Shinjiro Hagiwara
    Article type: ARTICLES PRESENTED AT THE 72nd ANNUAL MEETING
    2014 Volume 65 Pages 31-33
    Published: 2014
    Released on J-STAGE: June 27, 2015
    Advance online publication: October 21, 2014
    DOIhttps://doi.org/10.5652/kokusaikeizai.kk2014.02.s
    JOURNAL FREE ACCESS
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  • Global Financial and Fiscal Crises and International Monetary System
    Eiji Ogawa
    Article type: ARTICLES PRESENTED AT THE 72nd ANNUAL MEETING
    2014 Volume 65 Pages 35-62
    Published: 2014
    Released on J-STAGE: June 27, 2015
    Advance online publication: October 21, 2014
    DOIhttps://doi.org/10.5652/kokusaikeizai.kk2014.03.e
    JOURNAL FREE ACCESS
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    A series from the global imbalance to the global financial crisis and the European fiscal crisis brought about large fluctuations of exchange rates of the US dollar, the euro, and the Asian currencies. This paper investigates a mechanism where the global imbalance brought about the global financial crisis and, in turn, the European fiscal crisis under the current international monetary system with the US dollar as a key currency. In addition, it investigates how both the global financial crisis and the European fiscal crisis affected Asian currencies which include the Japanese yen as well as the US dollar and the euro.
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  • Comment
    Kaoru Hoshino
    Article type: ARTICLES PRESENTED AT THE 72nd ANNUAL MEETING
    2014 Volume 65 Pages 63-65
    Published: 2014
    Released on J-STAGE: June 27, 2015
    Advance online publication: October 21, 2014
    DOIhttps://doi.org/10.5652/kokusaikeizai.kk2014.04.k
    JOURNAL FREE ACCESS
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  • China Economy at the Crossroads
    — Unstable Financial Situation and its Possible Trend in Future —
    Shi-ping Tong
    Article type: ARTICLES PRESENTED AT THE 72nd ANNUAL MEETING
    2014 Volume 65 Pages 67-87
    Published: 2014
    Released on J-STAGE: June 27, 2015
    Advance online publication: October 21, 2014
    DOIhttps://doi.org/10.5652/kokusaikeizai.kk2014.05.s
    JOURNAL FREE ACCESS
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    The China economic growth has been vastly supported by its population bonus, the strong government control, the stable financial system and the urbanization. These factors are the main reasons which escorted the stability-oriented reform in China to make progress. However, such advantage is in disappearing now except the urbanization.
    The financial system which is protected by low interest rate and big loan-deposit interest rate margin also creates negative side effect of interest rate policy lapse and is threatened by disintermediation application. The external balance priority economic policy has to be modified. Forcing its financial system reform from stability-oriented to efficiency-oriented becomes necessary.
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  • Comment
    Hitoshi Hirakawa
    Article type: ARTICLES PRESENTED AT THE 72nd ANNUAL MEETING
    2014 Volume 65 Pages 88-89
    Published: 2014
    Released on J-STAGE: June 27, 2015
    Advance online publication: October 21, 2014
    DOIhttps://doi.org/10.5652/kokusaikeizai.kk2014.06.h
    JOURNAL FREE ACCESS
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