1st Edition
Unconventional Monetary Policy and Financial Stability The Case of Japan
Preface
CHARLES A. E. GOODHART
Introduction
ALEXIS STENFORS AND JAN TOPOROWSKI
1) The Japan Premium and the first stage of the monetary transmission mechanism
ALEXIS STENFORS
2) The foreign currency swap market: A perspective from policymakers
MASAAKI SHIRAKAWA
3) The effectiveness of unconventional monetary policy on Japanese bank lending
HEATHER MONTGOMERY AND ULRICH VOLZ
4) Japanese banks in the international money markets
MIMOZA SHABANI, ALEXIS STENFORS AND JAN TOPOROWSKI
5) The Japanese balance sheet recession 20 Years on: Abenomics – economic revival or corporate financialisation?
KONSTANTIN BIKAS, EWA KARWOWSKI AND MIMOZA SHABANI
6) An analysis of the impact of the Bank of Japan’s monetary policy on Japanese government bonds’ low nominal yields
TANWEER AKRAM AND HUIQING LI
7) Unconventional monetary policy announcements and Japanese bank stocks
AYHAN NADIRI
8) Bank of Japan and the ETF market
MASAYUKI SUSAI AND HO YAN KAREN WONG
9) Quantitative and Qualitative Monetary Easing, negative interest rates and the stability of the financial system in Japan
ETSUKO KATSU
Biography
Alexis Stenfors is Senior Lecturer in Economics and Finance at the University of Portsmouth, UK.
Jan Toporowski is Professor of Economics and Finance at SOAS University of London, UK.
