Professor Yutaka KURIHARA

Contact Information

Yutaka Kurihara
Faculty of Economics
Aichi University, 4-60-6 Hiraike Nakamura Nagoya, 453-8777 Japan

phone: +81-52-564-6111

Expertise

International Economics, International Finance, Japanese Economy, IT, and Higher Education

Experience

Institution

Position

Subject

Koryo International College

Lecturer, Associate Professor

Finance, International Finance, International Economics, Seminar

Aichi University

Associate Professor, Professor (since 2002), Dean (2007-2011)

International Economics (Undergraduate, Graduate School; MA and Doctoral Coursework), Microeconomics, Macroeconomics, International Finance, Current topics in English, Economics English, Seminar

Nagoya University of Commerce and Business Administration

Part-time Teacher

Finance

Chukyo University

Part-time Teacher

International Finance, Stock Markets

National Institute of Media Education

Researcher

Media Education

Nagoya University

Part-time Teacher

International Finance System (Graduate School)

Nagoya University, Institute for Advanced Research

Researcher

Local Economy

Toyohashi University of Technology

Part-time Teacher

International Economics

Aichi Gakuin University Part-time Teacher Finance, International Finance
Nagoya City University Part-time Teacher Monetary Policy
Nanzan University Part-time Teacher International Economics
Nagoya University of Foreign Studies Part-time Teacher Finance, International Finance

Degree: MA (Commerce)

Academic Societies

American Economic Association (U.S.), Business & Economics Society International (U.S.), European Economic Association, Hong Kong Economic Association (H.K.), Economic Society of Singapore, The Japan Society of International Economics, Japan Society of Monetary Economics, The Japan Society of Household Economics, The European Union Studies Association, Japan Association for Planning Administration, Japan Academy of Small Business Studies, Japan Association for Educational Media Study, Japanese Association of Higher Education Research, Liberal and General Education Society of Japan, Japan Society of Secretarial Education

 

Selected Papers and Publications


Journal (about 200 papers)

“The Microstructure of Financial Derivatives,” Japan Securities Research, 192, pp. 53-68, 1995. (in Japanese)

“International Inter-Bank Market and Financial Innovation,” Japan Center for Economic Research, 32, pp.164-183, 1996. (in Japanese).

“Some Problems of Digital Money,” International Finance, 976/977, pp. 19-21, 36-39, 1996. (in Japanese)

“The Evaluation of ERM: Is There any Credibility?” Financial Research, 23, pp.1-12, 1997. (in Japanese)

“APEC, International Trade and the Possibility of Yen Zone,” Japan Research for Economic Studies, 35, pp. 131-140, 1997. (in Japanese)

“The Evaluation of Changing Systems in the ERM: Speculative Attacks or Fundamentals?” Financial Research, 25, pp. 47-58, 1996. (in Japanese)

“Central Bank’s Independence, Output, and Employment,” Japan Society of EU Studies, 19, pp. 147-164, 1999. (in Japanese)

“Speculative Attacks or Fundamentals? Empirical Evidence from Some European Currencies,” Applied Economics Letters, 152, pp. 637-675, 1999.

“Exchange Rate, Trade and Employment,” Journal of Money and Finance, 16, pp. 85-93, 2000 (in Japanese).

“How to Make a Report and a Paper Using Microsoft Word,” Education and Information, 94, pp. 18-20, 2001. (in Japanese)

“One Example of Education for International Economics Using Multi-Media,” Media Studies, 7, pp. 73-84, 2001. (in Japanese)

“Web-based Studies of International Economics,” Japan Media Education Studies, 7, pp. 122-142, 2001. (in Japanese)

“Financial Policy in the EU: Is the Application of Taylor Rule to Japan Reasonable?” Japan EU Studies, 10, pp. 209-221, 2001 (first author is Takaya; in Japanese)

“IT and Postal Service,” Postal Service Studies, 607, pp. 1-6, 2001. (in Japanese)

“Economic Conditions, Investment and Employment in Europe,” European Research Studies, 5(3), pp. 3-13, 2003.

“Problems of Corporate Governance in Japan,” Global Business & Economics Review, 10(1) pp.51-61, 2004.

“The Changing Corporate Governance in Japan and the Role of Secretaries” Japan International Secretarial Studies, 10, pp. 35-53, 2003. (in Japanese)

“APEC: International Trade and Economic Growth,” Pacific Economic Review, 10(2), pp. 27-42, 2003.

“Is Application of the Taylor Rule to Japan Reasonable?” Global Business & Economics Review: Anthology 2003, pp. 314-326.

“The Day-of-the-Week Effect in Foreign Exchange Markets: Multi-currency Evidence,” (First author is Nobuyoshi Yamori) Research in International Business and Finance, 18, pp. 51-57, 2004.

“Why Do EU Countries Use Inflation Targeting?” Global Business and Economics Review, 7(1), pp. 74-84, 2005.

“Recent Japanese Monetary Policy: An Evaluation of the Quantitative Easing” International Journal of Business,11(1), pp.81-88, 2006.

“Recent Stock Price Relationships between Japanese and US Stock Markets” (with Eiji Nezu) Studies in Economics and Finance, 25(3), pp.211-226, 2006.

“The Relationship between Exchange Rate and Stock Prices during the Quantitative Easing Policy in Japan” International Journal of Business, 11(4), pp.375-386, 2006.

“Is APEC Suitable for Currency Union?” Singapore Economic Review, 51(3), pp.325-334, 2006.

An Approach for Determining Stock Prices: The Mixture of Fundamental and Chartist ModelGlobal Business & Economics Anthology, 2007, Vol.2, pp. 384-391.

“An Evaluation of Monetary Policy Responses to Capital Flows” Global Business & Economics Anthology, December 2008, Volume 2, pp.13-24.

“Is Purchasing Power Parity Hypothesis Reasonable from the View of Trade Blocks and Currency Zone?" European Research Studies, 2009, 12(3), pp.3-14.

“Relationships between Japanese Stock Prices and Macroeconomic Variables during Quantitative Easing Period" Briefing Notes in Economics, 2010, 82, pp.8-15 (with Eiji Nezu).

“Has Inflation Targeting Been Effective?” International Journal of Business, 2010, 15(4), pp.411-424.

“Effects of Foreign Reserve Stock in Asian Countries” Global Business & Economics Review, 2011, 13 (1), pp.84-92.

“Income Convergence Trends in Regional Agreements" Briefing Notes in Economics, 2011, 84, pp.1-6.

“Is the Tokyo Foreign Exchange Market Efficient from Two Perspectives of Forward Bias and Anomaly?” Modern Economy, 2011, 2 (4), pp. 597-601.

“Introducing a Common Currency in Central Franc Zone: Is It Appropriate?” Journal of Knowledge Management, Economics and Information Technology, 2011, 1(6), pp.1-11.

The Impact of Regional Trade Agreements on International Trade Modern Economy, 2011, 2 (5), pp.846-849.

"
Japanese Stock Price Determination: What Is Important?" Journal of Modern Accounting and Auditing, 2011, 7 (12), pp.1386-1394 (with Eiji Nezu).

"Inflation Targeting and the Role of the Exchange Rate: The Case of the Czech Republic?" International Business Research, 2012, 5 (3), pp.33-39.

"Exchange Rate Pressure on Floating Rate System in Asia: Revisited" International Review of Business and Social Sciences, 2012, 1 (2), pp.22-38 (with Shinya Minegishi and Akio Fukushima).

The Deterministic Elements of FDI to ASEAN Countries: The Relationship between FDI and Macroeconomic VariablesJournal of Management and Sustainability, 2012, 2 (2), pp.11-17.

The Impact of the Bank of Japan’s News Announcements on the Japanese Yen, U.S. Dollar, and the EuroJournal of Applied Finance & Banking, 2012, 2 (3), pp.39-50.

Is the WTO Truly Effective?” iBusiness, 2012, 4 (2), pp.121-125.

Exchange Rate Determination and Structural Changes in Monetary Policies” Studies in Economics and Finance, 2012, 29 (3), pp.187-196.

Is Consumption in the United States and Japan Too Much or Too Little?” iBusiness, 2012, 4 (3), pp.228-234 (with Kei Tomimura).

Central Bank's independence and Stock Prices” Modern Economy, 2012, 3 (6), pp.793-797 (with Koichiro Morikawa and Sadayoshi Takaya).

The Balance Sheet Expansion of Central Banks: Are There Any Problems?” Economic Journal of A 2 Z, 2012, 1 (1), pp.1-6.

International Trade Openness and Inflation in Asia” Research in World Economy, 2013, 4 (1), pp.70-75.

Exchange Rate Determination: Which Is Appropriate, Chartist Model or Fundamental Model ?” Journal of Applied Finance & Banking, 2013, 3 (3), pp.187-196.

“Impact of the Prevailing Internet on International Trade in Asia” Journal of Sustainable Development Studies, 2013, 3 (1), pp.1-13 (with Akio Fukushima).

New Keynesian Model and Inflation Prediction” Chinese Business Review, 2013, 12 (1), pp.34-40.

“Domestic and Foreign Financial Market Reaction to the Impact of the Bank of Japan's Financial Policy” Global Journal, 2013, 13 (2), pp.8-15.

Recent Experience of the Effects of Intervention on Exchange Rates” Chinese Business Review, 2013, 12 (2), pp.77-83.

“The Effectiveness of Financial Policy in the Japanese Financial Markets” International Journal of Economy, Management, and Social Sciences, 2013, 2 (5), pp.161-165.

Does Financial Skill Promote Economic Growth?” International Journal of Humanities and Social Science, 2013, 3(8), 92-95.

Could Monetary Base Rule Have Achieved Economics Growth? Recent Japanese Case”Journal of Finance & Economics, 2013, 1(3), 1-12 (with Akio Fukushima).


The Japanese Economic and Financial Situation: Where Should We Go and What Changes Are Needed?” International Journal of Business, 2013, 18(4), 283-286.

Do Carry Trades in the Foreign Exchange Markets Influence Stock Prices?” International Journal of Business and Economics Research, 2013, 2(4), 84-90.


Effects of Exchange Rate Fluctuations and Financial Development on International Trade: Recent Experience” International Journal of Business Management and Economic Research, 2013, 4(5), 793-801.

Does Adoption of Inflation Targeting Reduce Exchange Rate Volatility and Enhance Economic Growth?” Journal of World Economic Research, 2013, 2(6), 104-109.

Does Foreign Aid Promote Economic Growth?Global Business and Economics Research Journal, 2014, 3(4), 20-30.

Does High Yield Spread dampen Economic Growth? The Case of US-JapanInternational Journal of Finance & Banking Studies, 2014, 3(2), 1-9.


Do Central Bank Announcements Influence Exchange Rates and Stock Prices?” Journal of Money, Banking and Finance, 2014, 2(1), 17-30.

Do European Central Bank Announcements Influence Exchange Rates and Stock Prices?”Journal of Applied Finance & Banking, 2014, 4 (4), pp.1-14.

Has Interest Rate Policy of the Bank of Japan Influenced Financial Markets?”Journal of Finance & Economics, 2014, 2 (2), pp.77-85.

Has the Bank of Japan’s ABS Purchases Effectively Influenced Financial Markets?”Economics World, 2014, 2 (3), pp.161-168.

Improvement of Financial Skill and Economic Growth” International Journal of Research in Social Sciences, 2014, 4 (4).

Is Unconventional Monetary Policy Effective? Japan-US and Eurozone-US Cross-Country Case” International Journal of Economics, Business and Finance, 2014, 2 (5), pp.1-10.

Exchange Rates, Stock Prices, and Commodity Prices: Are There any Relationships?” Advances in Social Research Journal, 2014, 1 (5), pp.114-122 (with Akio Fukushima).

Effects of ECB Monetary Policy: Differences in Policy Interest Rates” Journal of Knowledge Management, Economics, and Information Technology, 2014, 4 (5), pp.1-18 (with Akio Fukushima).

“The Demand for Money: Recent Japanese Case” Economy, 2015, 2 (1), pp.11-18.

“Monetary Approach for Determining Exchange Rates and Recent Monetary Policy of Japan” International Journal of Financial Economics, 2015, 4 (1), pp.23-31 (with Akio Fukushima).

“Debt and Economic Growth: The Case of Japan” Journal of Economics Library, 2015, 2 (2), pp.45-52.

“Asset Price and Monetary Policy: The Japanese Case” Journal of Applied Finance & Banking, 2015, 5 (4), pp.1-9.

“Are Japanese Stock Prices Important Deterministic Elements of Exchange Rate Returns?” Bulletin of Applied Economics, 2015, 2 (2), pp.1-9.

Interest Rate Parity Theory, Risk Premium, and Break Point: Japanese Case from The 1990s” Journal of Business & Economic Policy, 2015, 2(4), pp.169-174.

Oil prices and Economic Growth in Developed Countries” International Journal of Business and Social Science, 2015, 6 (11), pp.40-46.

Term Structure of Interest Rates under Zero or Low Bound: The Recent Japanese Case” Economy, 2016, 3(1), pp.19-23.


Effectiveness of the Zero Interest Rate Policy for Financial Markets in Japan: Principal Components Analysis” Applied Economics and Finance, 2016, 3(3), pp.103-111.

“Openness of the Economy, Diversification, Specialization, and Economic Growth” Journal of Economics and Development, 2016, 4(1), pp.1-8 (with Akio Fukushima).

Effectiveness of the Zero Interest Rate Policy for Financial Markets in Japan: Principal Components Analysis” Applied Economics and Finance, 2016, 3(3), pp.103-111.

“Deterministic Elements of Japanese Stock Prices under Low Interest Rates” Journal of Economic & Financial Studies, 2016, 4(2), pp.24-30.

“Flipped Classroom: Effects on Education for the Case of Economics” Journal of Education and e-Learning Research, 2016, 3(2), pp.65-71.

“Demand for Money under Low Interest Rates in Japan” Journal of Economic & Financial Studies, 2016, 4 (4), pp.12-19.

“Can the Disparity between GDP and GDP Forecast Cause Economic Instability?” International Journal of Economics and Financial Research, 2016, 2(8), pp.155-160.

“Deterministic Elements of 1990s Gold Prices?” American International Journal of Contemporary Research, 2016, 6(3), pp.89-95.

“Stock Prices, Foreign Exchange Reserves, and Interest Rates in Emerging and Developing Economies in Asia” International Journal of Business and Social Science, 2016,7(9), pp.10-15.

“Taylor Rule during the Zero or Low Interest Rate Era: The Recent Japanese Case” Applied Economics and Finance, 2017, 4(1), pp.1-8.

“The Effectiveness of Fiscal Expansion under Huge Debt: The Case of Japan” Journal of Business & Economic Policy, 2017, 4(1), 26-32.

“Monetary Policy and Stock/Foreign Exchange Market Liquidity: The Japanese Case” Journal of Economics Library, 2017, 4(1), pp.1-8.

“The Market Efficiency of Bitcoin: A Weekly Anomaly Perspective” Journal of Applied Finance & Banking, 2017, 7(3), pp.57-64 (with Akio Fukushima).

“Are Unconventional Monetary Policy and Large Scale Fiscal Policy Effective?: The Case of Japan” Applied Finance and Accounting, 2017, 3(2), 42-48.

“The Impact of 'Brexit' on Japanese International Trade in EU” Business, Management and Economics, 2017, 3(6), 57-61.

“Recent Monetary Policy Effects on Japanese Macroeconomy”, Journal of Economic & Financial Studies, 2017, 5(5), 12-17.

“Why Do Cash Holdings Occur? Recent Experiences in Japan” International Journal of Economics, Business, and Management Research, 2017, 1(5), 203-224.

“Are RCEP and TPP Effective?”American International Journal of Contemporary Research, 2017, 7(3), pp.102-108.

“Does ICT Promote International Trade?” International Journal of Economics, Business, and Management Research, 2017, 1(5), 225-235.

“Do FDI and TPP without the United States Promote Stability in TPP Countries?” Journal of Economics and Development Studies, 2017, 5(3), 30-34.

“How Does Price of Bitcoin Volatility Change? ”International Research in Economics and Finance, 2018, 2(1), 8-14 (with Akio Fukushima).


“Occurred Uncertainty by ‘News’ in Japanese Short- and Long-Term Financial Markets ” International Journal of Economics and Financial Research, 4(4), 93-98.


“The Validity of Applying State Space Model to Japanese Stock Market ” International Journal of Economics and Financial Modelling, 3(1), 1-8 (with Shinichiro Maeda).

“Are Unprecedented Monetary Policy Effective: Recent Japanese Case” Applied Economics and Finance, 2018, 5(3), pp.75-81.

“Has Adoption of Inflation Targeting been Effective? Japanese Case” International Journal of Accounting and Finance Studies, 2018, 1(2), pp.133-141.

“Capital Mobility in the World: TPP Experience” Archives of Business Research, 2018, 6(10), pp.276-282.

“Is Flipped Classroom Effective on Higher Education for the Case of Economics?” Journal of Business Economics and Information Technology, 2019, 5(5), 24-32.

“AR Model or Machine Learning for Forecasting GDP and Consumer Price for G7 Countries” Applied Economics and Finance, 2019, 6(3), 1-6 (with Akio Fukushima).

“Does Central Bank Credibility Effectively Influence the Economy? Recent Japanese Case” Journal of International Business and Economics, 2019, 7(1), 11-17.

“How Is the Trading Volume of Bitcoin Determined?” 藤原秀夫教授 古稀祝賀記念号(同志社商学)、2019, 70(6)、141-149.

「未来の通貨」国際金融(外国為替貿易研究会)、第1320号、2019pp.42-49

“Do Volatility Indexes and Historical Volatility Influence Stock Prices? The Japanese Case” Journal of Applied Finance & Banking, 2019, 9 (6), pp.91-99 (with Shinichiro Maeda).

“Which Types of Education are Important for Economic Growth” Research in Applied Economics, 2019, 11 (4), pp.1-12.

“Has the Exchange Rate Depreciation Contributed to Exports? Japanese Case” Archives of Busibess Research, 2020, 8(4), pp.47-54.

“Why is Inflation Targeting Adopted?” Research in Applied Economics, 2020, 12(1), pp.56-66.

“Taylor and McCallum Rule during the Unprecedented Monetary Easing Era: The Recent Japanese Case” Applied Economics and Finance, 2020, 7(3), pp.70-77 (with Akio Fukushima).

“Can Bitcoin's Price be a Predictor of Stock Prices?” Noble International Journal of Economics and Financial Research, 2020, 5(4), pp.50-55 (with Akio Fukushima and Shinichiro Maeda).

“How Should Higher Education Institutions Provide Lectures under the COVID-19 Crisis” Education, Society and Human Studies, 2020, 1(2), pp.144-153.

“Deterministic Elements of Promoting Financial Services” Advances in Social Sciences Research Journal, 2020, 7(9), pp.786-794.


“Has the Price of Bitcoin Changed during COVID-19?” Journal of Economics and Finance, 2021, 12(1), pp.50-55.

“Has Financial Integration of ASEAN and APEC Contributed to Economic Growth?” International Journal of Accounting and Finance Studies, 2021, 4(1), pp.36-45.

“Have the Purchases of ETF Raised Stock Prices? Recent Japanese Case” Bulletin of Applied Economics, 2021, 8(1), pp.109-119 (with Shinichiro Maeda and Akio Fukushima).

“Does the Linder Hypothesis Hold? Recent Japanese Case” Archives of Business Research, 2021, 9(9), pp.69-75.


“What Influences on Stock Prices Have Occurred due to the U.S.-China Trade Dispute” Journal of Economics & Management Research, 2021, 2(3), pp.1-5.

“How and What Influences from COVID-19 Have Impacted Stock Prices and Exchange Rates? The Case of Japan” International Journal of Applied Economics, Finance and Accounting, 2021, 10(2), pp.32-39.

“Comparisons of Three Types of Flipped Classrooms under COVID-19: The Case of Economics” International Journal of Education & Social Sciences, 2021, 2(9), pp.219-223.

“Have IT Improvements Had Positive Impacts on International Trade?” Asian Journal of Interdisciplinary Research, 2021, 4(3), pp.54-61.

“How and What has Influenced Cryptocurrency Prices? Economic Influences or Political Influences” Advances in Social Sciences Research Journal, 2022, 9(8), pp.251-258.

“Online versus Online Plus Face-To-Face Class: The Case of International Economics and International Finance” Archives of Business Research, 2022, 10(8), pp.99-108.


“Can Depreciation of the Currency Cause Rise in Domestic Prices? Recent Japanese Case” Journal of Business & Economic Policy, 2022, 9(3), pp.22-28 (with Hideo Fujiwara, Akio Fukushima, and Ken-ichiro Oohama).

“Have International Trade and Tourism Been Affected by the COVID-19? The Case of Japan” Research in Economics and Management, 2023, 8(1), pp.47-55.

“How Can Exchange Rates be Determined? Revisited from the Case of US-Yen Exchange Rate” Archives of Business Research, 2023, 11(3), pp.99-108.

“Has the Experience of Online Study under COVID-19 Improved Outcomes of Study in Universities?” Education Quarterly Reviews, 6(3), pp.210-217.

“What Kinds of Business Skills are Important for Economic Growth?” International Journal of Business, Humanities and Technology, 13(2), pp.14-21.

“Stock Prices and Exchange Rates under Monetary Policy: The cases of Japan and the US” Archives of Business Reviews, 12(2), pp.129-141.

“An Approach for Determining Exchange Rates: The Mixture of the Purchasing Power Parity Model and the Chartist Model” Economics and Business Quarterly Reviews, 7(1), pp.152-159.

“Is the Balance Sheet Expansion of the Central Bank Inadequate? The Case of Japan” Archives of Business Reviews, 12(4), pp.57-63.



Books

“Financial Derivatives,” in K. Fujiwara and N. Yamori, Modern Finance, Chuo-Keizai, 1998.

The Spreading and Problems of EU, Chunichi-Shinbunsha, 2000.

“European Financial Institutions and the Currency Integration,” in J. Senda and N. Yamori, Financial System Post?Big Bang, Chikura-Shobo, 2001.

Freshman Seminar, Yuhikaku-Academia, 2003.

Business and Policy Design in the Era of Globalization, Yuhikaku-Academia, 2003.

“The Spreading Use of Digital Cash and Its Problems,” in H. Kehal and V. Singh, Digital Economy, Idea Group Publishing, 2004.

Studying the Japanese and World Economies, Asahi Press, 2005.

Global Information Technology and Competitive Financial Alliances, Idea Group Publishing, 2006.

“Spreading Use of Digital Cash,” in Mehdi Khosrow-Pour, D.B.A, Encyclopedia of E-Commerce, E-Government, and Mobile Commerce, Idea Group Publishing, 2006.

Declaration of Economics, Gakubunsha, 2006.

Information Technology and Economic Development with Sadayoshi Takaya, Hisashi Harui, and Hiroshi Kamae, Idea Publishing Group, 2007.

Declaration of Global Economics, Gakubunsha, 2009.

Global Finance, Koyoshobo, 2015.