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  • 須藤 功
    歴史と経済
    2009年 51 巻 4 号 70-72
    発行日: 2009/07/30
    公開日: 2017/08/30
    ジャーナル フリー
  • 西村 閑也
    歴史と経済
    2009年 51 巻 4 号 68-70
    発行日: 2009/07/30
    公開日: 2017/08/30
    ジャーナル フリー
  • 小泉 雄介
    日本セキュリティ・マネジメント学会誌
    2021年 35 巻 2 号 10-23
    発行日: 2021年
    公開日: 2021/11/22
    研究報告書・技術報告書 フリー
  • 増田 修
    視覚の科学
    2014年 35 巻 3 号 67-68
    発行日: 2014年
    公開日: 2015/01/20
    ジャーナル フリー
  • 岩田 一政
    研究 技術 計画
    2019年 34 巻 4 号 342-343
    発行日: 2019/12/27
    公開日: 2020/01/29
    ジャーナル フリー

    Since 2008 blockchain technology has been developed not only for the financial sector, but also for logistics, energy, supply chain, identity certification, health and medical records and other fields.

    The most prominent of the many application fields is the financial sector. There, blockchain is applied not only to payments, but also to securities and derivatives, trade finance and crypto-asset finance. Among others, the most important is its effect on the financial system architecture. The innovation by FinTech transforms the financial system from "bank-centric system" to "payment-centric system." This new system will build "digital economic area" based on its own network without being restricted by borders. Even more striking is the announcement of Facebook's Libra publication plan. Libra is a "stable coin" issued by the private sector, which may become "world synthetic currency" supported by reserve assets denominated in different currencies. Libra will promote the digital currency issuance by central banks.

    Remaining issues in blockchain technology may include the scalability, the enormous power consumption required for calculations, interoperability between different blockchains and networks, and privacy protection.

  • 大陸横断鉄道との関連を踏まえて
    川嶋 啓右
    国際経済
    1996年 1996 巻 47 号 111-112
    発行日: 1996/09/09
    公開日: 2010/07/07
    ジャーナル フリー
  • 廣田 功
    歴史と経済
    2009年 51 巻 4 号 72-73
    発行日: 2009/07/30
    公開日: 2017/08/30
    ジャーナル フリー
  • 宮下 量久
    公共選択の研究
    2011年 2010 巻 55 号 64-67
    発行日: 2011/01/15
    公開日: 2014/06/15
    ジャーナル フリー
  • 経営史学
    2010年 45 巻 1 号 1_79-1_93
    発行日: 2010年
    公開日: 2014/05/23
    ジャーナル フリー
  • 川野輪 英子
    日本年金学会誌
    2021年 40 巻 16-22
    発行日: 2021/04/01
    公開日: 2021/07/15
    ジャーナル フリー
  • 坂本 純一
    年金研究
    2022年 18 巻 31-49
    発行日: 2022/03/10
    公開日: 2022/03/10
    ジャーナル フリー

     カナダの公的年金保険制度は、定額給付のOAS(Old Age Security)制度と、報酬比例給付を行うカナダペンションプラン(Canada Pension Plan; CPP) / ケベックペンションプラン(Quebec Pension Plan; QPP)から構成されている。このうち1952年に導入されたOAS制度は、憲法による連邦政府の権限の制約やミーンズテストの不評等の歴史的経緯から税財源によるミーンズテストなしの給付を行っているが、現在のその水準はわが国の基礎年金と比較するとかなりの高い水準となっている。1966年にCPP/QPPが導入されたときに、その恩恵に浴することができない国民に対し、OAS制度に所得補償補足年金(GIS)給付を設けたことにより給付水準が引上げられたからである。そもそもCPP/QPPが導入されたのは、当初のOAS給付だけでは水準が低過ぎ、現役時の収入との乖離が大きく、現役時の収入をある程度反映する所得比例給付を導入すべきであるという国民の要望に応えたことによるもので、しかしながらCPP/QPP制度からあまり給付を受けられないという者も存在することから、それらの者に対する十分な所得補償を行う目的でOAS制度の中にGIS年金が設けられた。

     OAS年金は国民の約96%をカバーしており、GIS年金を合わせると給付水準はわが国の基礎年金に比べてかなり高いといえる。一方で、この水準は将来においても維持できるかどうかは大きなテーマであろう。当稿においては、このOAS制度の持続可能性について、カナダの政党や有識者はどのように見ているかの現状を調べた。カナダの人口の高齢化率はわが国に比べてまだまだ低いが、今後現在のわが国程度までは高齢化が進むことが見込まれている。したがってOAS給付の規模も今後膨らむことが見通される。それは将来にわたって問題なく給付を続けていくことができるのか、あるいは、どこかで大きな制度改革をしなければならないのか、という課題に直面している。この点について、カナダ保守党とカナダ自由党の見解は分かれている。保守党はこのままでは持続可能ではないと考えており、自由党は持続可能であると考えている。それは2012年~2015年のOAS制度の支給開始年齢の引上げを巡る攻防となって表れた。これらの論戦をまとめておく。

     OAS給付は基本的に消費者物価指数に応じてスライドされることになっている。賃金スライドではないので、これがOAS制度の持続可能性にゆとりをもたらしている面はあるが、その分徐々に給付水準が下落することになり、放置すれば給付の十分性が失われる事態を招くであろう。カナダの今後の動きに注目したい。

  • 理論と論争
    木村 滋
    国際経済
    1963年 1963 巻 14 号 207-218
    発行日: 1963/05/30
    公開日: 2012/02/09
    ジャーナル フリー
  • 中曽 宏, 橋本 政彦
    フィナンシャル・レビュー
    2023年 153 巻 178-206
    発行日: 2023年
    公開日: 2023/08/24
    ジャーナル フリー

     国際通貨としての円の役割は劇的に増してこそいないが,日本の経済規模の相対的低下に比べれば相応の地位を維持している。また,国際金融危機以降,邦銀が基軸通貨のドル建てを中心とする国際金融仲介業務の最大の担い手となったことに加えて,円を含む主要通貨のドルへの転換を非常時においても担保する中央銀行間スワップ網の創設により,円はドル基軸通貨体制を補完する国際通貨としての側面が強まっている。ドルの基軸通貨としての役割に当分は陰りが見えない中,円が独自に国際通貨としての存在感を増していくことは考えにくいが,円は今後も一定の役割を果たし続けていくとみることができよう。現在進行中の日本の国際金融都市構想は,円の国際通貨としての役割を後押ししていくことになるだろう。日本の国際金融センターが,内外の企業のファイナンスの場として機能していくことは,アジア太平洋地域の企業の資金調達を支えることを通じて同地域の持続的経済発展に寄与する。円が国際通貨としての機能を適切に発揮していくためには,決済システムなどの基幹インフラの高度化や,東京市場での資金調達手段の多様化が課題である。わが国経済の持続的発展に向けて,金融面からは,日本の金融機関,円,国際金融センターの役割を一体的に捉えた上で,課題克服に向けて適切に対処していく必要がある。

  • 柴田 徳太郎
    季刊経済理論
    2012年 49 巻 1 号 4-13
    発行日: 2012/04/20
    公開日: 2017/04/25
    ジャーナル フリー
    (1)Two Hypotheses: Revived Bretton Woods system and Global Imbalance Advocators of Revived Bretton Woods system (BW II) claim that current dollar system is sustainable while other scholars criticize this argument and claim that it is unsustainable because of the Global Imbalance. How should we interpret this dispute? (2)Asian Economy in the Dollar System Most of the capital import to the US in the 2000s came from East Asia, especially from China. These facts support the argument of BW II. However, East Asian Economy, especially the Chines Economy did not depend upon the financial intermediation of American money market. These facts did not support the Arguments of BW II. (3)American Financial Intermediation and European Banks The countries which depended upon the US money market were not East Asian countries but European Countries which had advanced money market. European Banks borrowed a huge amount of money in the dollar wholesale money market. (4)Dollar Liquidity Crisis Once the subprime financial crisis occurred, the European banks began to face the dollar liquidity shortage because of the increase in counterparty risk in the dollar wholesale money market. They could not roll over in the dollar money market just after the breakdown of Lehman Brothers. (5)Dollar Liquidity Crisis and Emerging Economy in Latin America As European banks had to curtail financial assets in the emerging markets due to the dollar liquidity shortage, the dollar liquidity crisis spread to the emerging economy. East Asian and Latin American countries could cope with these effects due to the development of domestic financial markets although emerging Europe could not deal with these difficulties. (6)Global Lender of Last Resort Federal Reserve took the initiative to organize the global lender of last resort through the opening of dollar swap agreements with other central banks. ECB also organized the euro swap agreements with other European central banks. Chiang Mai Initiative was developed in the East Asian countries. The People's Bank of China began to organize the RMB swap agreements with other Asian and Latin American central banks. In addition assets of IMF were increased and Flexible Credit Line was created in the International Monetary Fund to save the emerging economy. (7)Review of Two Hypotheses Advocators of Global Imbalance forecasted the dollar decline due to the decrease in the capital imports to the US. This forecast turned out to be not true. Dollar exchange rate against European currencies surged during dollar liquidity crisis. We can neither support the arguments of BWIIbecause current dollar system is not stable. (8)Conclusion We can conclude that the current dollar system will be continuing in near future because the dollar money markets are thick and liquid to intermediate international financial transactions in the world. However this does not mean that the current dollar system is stable and firm. The global organizing of lender of last resort might inspire the dollar borrowing and lending in the world markets. The increase in the lender of last resort facilities might encourage the moral hazard problem. The multipolarity of key currency will develop in the far distant future due to the rise of emerging economy such as China, Brazil, India, and other countries.
  • 菅原 歩
    社会経済史学
    2001年 66 巻 5 号 555-568,600
    発行日: 2001/01/25
    公開日: 2017/08/09
    ジャーナル オープンアクセス
    During World War II, Britain lost most of its Canadian assets, along with its other overseas assets. The government therefore made a successful attempt to rebuild its investments in Canada. The purpose of this paper is to show the reasons and details of this re-expansion of Canadian investment. So far, scholars have asserted that Anglo-Canadian economic relations started to dis-engage from World War I and that this dis-engagement was completed after World War II. However, Canadian assets were so important to Britain in the inter-war period, for example coming second (following Australia) in the 1930s, that the government aimed at rebuilding them after the war. Further, the British government hoped that the rebuilding of such dollar area assets would provide a future source of hard currency earnings. In the dollar area, the government preferred Canada to the United States because of its Commonwealth ties. The policy for promoting investment in Canada was established in 1952, when the Treasury became able to use the dollars which had been bound in security for U. S. loans. The authorities regarded chemicals, aluminum smelting, mining, and the oil industry as the main sectors in British Canadian investment, and ICI, British Aluminum, Rio Tinto and BP made heavy investments in these areas. Therefore in the1950s Anglo-Canadian economic relations still showed strong ties at least in terms of capital flow.
  • 日本・カナダ関係の史的展開
    大原 祐子
    国際政治
    1985年 1985 巻 79 号 19-35,L6
    発行日: 1985/05/18
    公開日: 2010/09/01
    ジャーナル フリー
    The years between 1921 and 1928 marked an important decade in the history of Japanese-Canadian relations. Following the policy expressed by Canada at the 1921 Imperial Conference, the Anglo-Japanese Alliance was abrogated at the Washington Conference in 1922. Subsequently, upon opening legations in the United States and France, Canada established formal diplomatic relations with Japan in 1928. The intent of this paper is to reveal, through the representative opinions of John Wesley Dafoe, an influential journalist at the Manitoba Free Press, the views of Canadian opinion leaders vis à vis Japan in the 1920's. In 1935, Professor John B. Brebner was the first to acknowledge the importance of Dafoe's views on the future of the Anglo-Japanese Alliance, although he, and later others, did not clarify why Dafoe had opposed this alliance. However, in his editorials in the Manitoba Free Press, Dafoe clearly explained his opposition to the Alliance based on the following:
    1. The structure of international relations, which had originally necessitated the formation of the Alliance in 1902, had completely changed following the First World War.
    2. The existence of the Alliance became redundant with the formation of the League of Nations in 1920.
    3. The American people were opposed to the Alliance.
    4. The renewal of the Alliance must have meant that Japanese imperialistic invasion of China would have been approved by Britain.
    5. Because Canada was the only North American and Pacific member of the British Empire, she had the obligation to initiate policies toward the Pacific region.
    6. English-speaking countries around the Pacific region desired reductions in immigration from Asia, but the Alliance posed an obstacle to the implementation of such a policy.
    In other words, Dafoe took a unique position for the time in judging the Alliance as having prohibited Canada as a Pacific nation from pursuing her own policy vis à vis Japan and China.
    After the termination of the Alliance, Canadians were content with their relationship with Japan which was developed mainly in terms of trade and immigration considerations. During the 1920's, Canadian intellectuals concerned with Asia, especially Japan and China, found a focus for their activities in the Institute of Pacific Relations (IPR) which began as part of the Canadian Institute of International Affairs in 1928. The driving force in the Canadian IPR was John Nelson, a resident of British Columbia and a supporter of the anti-Asian movement. Indeed, Nelson's exclusivism seemed the main reason for him joining the international IPR in 1925. A zealous Methodist interested in China since the beginning of the 20th century, Newton W. Rowell was also an influential member of the Canadian IPR. Although a member of the Canadian IPR also from its formation, Dafoe's interest in Japan and Asia was limited prior to September, 1931, the Japanese invasion of Manchuria.
    In conclusion, judging from the prevailing opinions of Canadian spokes-people on Asian affairs, Canadian initiative to establish diplomatic relations with Japan was not based on a realistic image, but rather on illusions: a Canadian sentiment that regarded Japan's importance in the Pacific region merely in terms of Japanese immigration to Canada and a base of Canadian advance into China. In this respect, John W. Dafoe can be seen as representing the majority of Canadian opinion at the time and herein lies the significance of analyzing Dafoe's views vis à vis Japan during the 1920's.
    It should be noted, however, that the exchange of ministers between Japan and Canada marked the beginning of a real development of relationship between the two countries. Participation in diplomatic services and the activities of opinion leaders in the Canadian IPR enabled a few Canadians, such as Hugh L. Keenleyside and Henry F. Angus, to contribute to presenting
  • ――イギリス・ポーランド財政協定をめぐって――
    八代 憲彦
    国際政治
    2019年 2019 巻 196 号 196_49-196_64
    発行日: 2019/03/30
    公開日: 2020/04/16
    ジャーナル フリー

    Cold war historians researched the Polish question, which was diplomatic question over Polish government and borders after the Second World War, as one of the origins of the Cold War. The Polish question became the subject of heated debates of the Yalta conference, whereas the question was not resolved completely during the conference. Nevertheless almost all of the cold war historians, which are classified into three groups: the orthodox, the revisionist and the post-revisionist, did not pay attention to British diplomatic policy vis-à-vis Poland after the Second World War. In order to clarify the British foreign policy towards sovietising Poland, this paper analyse the negotiation process of the Anglo-Polish Financial Agreement, which dealt with the settlement of Polish debts to the UK. Regarding documents, this paper utilised mainly records of the British Foreign Office, which are kept in the National Archives (TNA), Kew.

    British Foreign Office and Ernest Bevin, British Foreign Secretary, aimed at forcing the Polish Provisional Government of National Unity to hold ‘free and unfettered elections as soon as possible on the basis of universal suffrage and secret ballot’ in order to establish liberal democratic Poland without communist influence. For this object, Britain utilised two questions as levers. The questions were the financial questions between the UK and Poland, which this paper focused on, and the repatriation of the Polish Armed Forces under British command. The British diplomacy towards Poland, however, did not work well for two reasons. The first reason is that Poland used financial questions as propaganda that Britain hindered Polish reconstruction. Secondly, the British Foreign Office failed to act in cooperation with the United States and Canada when they resolved Polish financial questions. Moreover, Cavendish-Bentinck, who was then British Ambassador to Poland and led British foreign policy towards Poland, was involved in the trouble caused by Polish Worker’s Party. Eventually, Stanisław Mikołajczyk, who was supported by Britain, lost in the general election of January 1947. Although Britain failed to establish liberal democratic Poland, she did not abandon her purpose even after the election.

    In spite of the background of the conflict between the United Kingdom and the Soviet Union, Britain did not forsake Poland and intended to diminish Polish communist influence just after the end of World War II. As a result of the unavoidable diplomatic failure, however, the relation between Britain and Poland deteriorated gradually.

  • 柴田 徳太郎
    比較経済研究
    2011年 48 巻 1 号 1_1-1_14
    発行日: 2011年
    公開日: 2011/03/14
    ジャーナル フリー
    2007年にアメリカで始まったサブプライム金融危機は,2008年秋のリーマン・ブラザーズ経営破綻を契機にドル流動性危機へと発展し,この流動性危機はエマージング・エコノミーへと波及した.アメリカで発生した金融危機がドル暴落ではなくドル流動性不足を引き起こした原因は,ヨーロッパ系銀行による「ドル・ドル」取引にあった.彼らの短期ドル資金調達困難がドル流動性危機を引き起こしたメカニズムを分析する.
  • 建部 正義
    ジャーナル・オブ・クレジット・セオリー
    2020年 1 巻 1 号 5-17
    発行日: 2020/11/01
    公開日: 2022/08/28
    ジャーナル オープンアクセス
     本稿は、日本銀行によるデジタル円にたいする研究の動向とそれが含む問題点を整理するとともに、あわせて、中央銀行デジタル通貨としての人民元や民間デジタル通貨としてのリブラの発行計画とそれが含む問題点を整理することを目的としたものである。全体は、問題の提起、「日本銀行はデジタル通貨を発行するべきか」、リブラは夢の通貨にとどまるか、デジタル人民元はドルに代わる国際通貨になりうるか、という四つの節から構成される
  • 木村 和男
    社会経済史学
    1975年 41 巻 3 号 279-305,325-32
    発行日: 1975/10/15
    公開日: 2017/07/22
    ジャーナル オープンアクセス
    Export of capital from Britain saw the high wartermark between 1900 and 1914. It is well-known that Canada was the greatest importer of the British capital at that time. It was vital for young Canada, who had succeeded in forming a confederation only in 1867 and was confronted with the threat of economic annexation by the United States, to introduce voluminous foreign capital so that she might be able to build up independent 'national economy'. This paper is an attempt to analyze in terms of the process of reproduction the role of the British capital in Canada in the period of her extraordinary expansion, with the intention of detecting structural characteristics (i.e. basic contradictions) of Canadian capitalism. Consequently the subject of study here is confined to railway, iron and steel industry, and agriculture, all of which were most directly connected with the British capital. Canada, at the strong initiative of the Federal Government, concentrated the British capital, on speculative railway ventures to create demand for domestic industrial products, intending to foster iron and steel industry. Although that line of industry attained speedy development by virtue of British rentier capital (Leihekapital), subsidies from the Federal Government, and protective tariff, it gave way to American industrial capital with overwhelming productivity, and the latter came to hold almost complete dominion over the internal market of Canada by the time immediately before the War. On the other hand agriculture was reorganized by the Government in order that it might assume tbe basic part in inducing the British capital, the driving force of Canadian economic expansion, by exporting wheat to Britain. Thus the rapid advance of Canadian capitalism in this period inevitably deepened the following basic contradictions. (1) Managerial crisis, and increased dependence on the state, of the speculative railway ventures. (2) Virtual domination by the United States over Canadian iron and steel industry. (3) Upsurge of farmers' complaints against the state policy of industrialization. When the British capital was manifestly withdrawn from Canada after the First World War, Canadian capitalism hitherto dependent on the British capital was put under the pressure of necessity to make a great structural change, which brought as a corollary complete domination by the United States over Canadian economy.
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