Monetary and Financial Institutions and Economic Development

货币金融机构与经济发展

基本信息

批准号：
10630094
负责人：
YABUSHITA Shiro
金额：
$ 1.54万
依托单位：
Waseda University
依托单位国家：
日本
项目类别：
Grant-in-Aid for Scientific Research (C)
财政年份：
1998
资助国家：
日本
起止时间：
1998 至 2001
项目状态：
已结题

项目摘要

This research project is strongly related to the study of "Imperfect Information and Financial Market", which I have worked on over the put several years. In this project I considered the economic roles of monetary and financial institutions and their development, focusing on imperfect information and transaction costs and, moreover, I compared historically the early establishment of monetary systems in Japan and the United States.Neither money nor institutions play any important roles in neoclassical economics which assumes perfect information and markets, but institutions such as monetary and financial institutions affect economic activities and development in real economies with imperfect information and transaction costs. The political-economic approach, which emphasizes the relation between economic and political institutions, is very useful for the analysis of these problems.The main subjects I considered in this project are as follows.(1) I reviewed neoclassical and endogenous economic growth theories with money and analyzed theoretically economic growth with the development of financial institutions.(2) I made clear some problems small business face in loan markets with imperfect information and the roles they play in economic development.(3) I discussed the implications of economic institutions and considered the establishment and changes of institutions, using game-theoretic and new-institutional approaches.(4) I analyzed historically the establishment of monetary institutions, comparing Japan in the early Meiji Era and the United States in the 19^<th> century.These research results appear in my book, Money, Institutions and Economic Development which is published from Yuhikaku in September 2002. Moreover I gave a series of lectures about "Financial System under Asymmetric Information and Economic Development" at Nankai University in China in March 2002.This research has became the basis of my future research.

该研究项目与“不完美的信息和金融市场”的研究密切相关，我在排名中一直在研究。在这个项目中，我考虑了货币和金融机构及其发展的经济作用，重点是不完善的信息和交易成本，此外，我比较了历史上比较了日本和美国的货币制度的早期建立。从未从事任何重要的角色。费用。强调经济和政治机构之间关系的政治经济方法对于对这些问题的分析非常有用。我在该项目中考虑的主要主题如下。（1）我回顾了新古典主义和内源性经济增长理论，并用货币分析了理论上的经济增长，并与金融机构的发展进行了分析。（3）我讨论了经济机构的含义，并使用游戏理论和新机构的方法考虑了机构的建立和变化。（4）我历史上分析了货币机构的建立，比较了日本在19^<th>世纪的梅吉时代早期和美国的研究成果中的日本。此外，我于2002年3月在中国南凯大学举行了一系列有关“在不对称信息和经济发展下的金融体系”的演讲。这项研究已成为我未来研究的基础。