WorldCat Identities

Okina, Kunio 1951-

Overview
Works: 66 works in 162 publications in 2 languages and 764 library holdings
Genres: Conference papers and proceedings  History 
Roles: Author, Editor
Publication Timeline
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Most widely held works by Kunio Okina
Monetary policy in a world of knowledge-based growth, quality change, and uncertain measurement( Book )

1 edition published in 2001 in English and held by 184 WorldCat member libraries worldwide

News and the dollar/yen exchange rate, 1931-1933 : the end of the Gold Standard, Imperialism, and the Great Depression by Takatoshi Itō( )

7 editions published in 1988 in English and held by 59 WorldCat member libraries worldwide

Abstract: According to the efficient market hypothesis, news in Tokyo is responsible for the exchange rate changes during the Tokyo market hours, while the U.S. news is responsible for changes in the New York hours. The intra-daily dynamics of the $/yen exchange rate from December 1931 to November 1933 is analyzed. Japan's decision to go off gold in December 1931 depreciated yen by 30% in a month, mostly in the Tokyo market. During 1932, the yen depreciated another 30%, mainly due to Japan's aggression in China and resulting diplomatic isolation. In 1933, the yen appreciated against the dollar, mainly in the New York market, due to the U.S. decision to go off gold. However, exchange rate volatility and its sensitivity to news declined over the two year period, because of increasing capital controls. Changes in the interest rate differential was found insignificant for the changes in the exchange rate. Political regime changes, such as a decision to go off gold, most influenced the exchange rate for the period considered. There were no policy decisions by Japan to cause yen depreciation to promote export and limit import in 1931-33
Further monetary easing policies under the non-negativity constraints of nominal interest rates : summary of the discussion based on Japan's experience by Nobuyuki Oda( Book )

6 editions published in 2000 in English and held by 33 WorldCat member libraries worldwide

Asset price bubbles, price stability, and monetary policy : Japan's experience by Kunio Okina( Book )

6 editions published in 2001 in English and held by 33 WorldCat member libraries worldwide

Monetary policy under zero interest rate : viewpoints of central bank economists by Hiroshi Fujiki( Book )

6 editions published in 2000 in English and held by 32 WorldCat member libraries worldwide

The asset price bubble and monetary policy : Japan's experience in the late 1980s and the lessons by Kunio Okina( Book )

6 editions published in 2000 in English and held by 32 WorldCat member libraries worldwide

Financial market globalization : present and future by Masaaki Shirakawa( Book )

7 editions published in 1997 in English and held by 31 WorldCat member libraries worldwide

Monetary policy under zero inflation : a response to criticisms and questions regarding monetary policy : comments and rejoinder by Ronald I McKinnon( Book )

7 editions published in 1999 in English and held by 31 WorldCat member libraries worldwide

Monetary policy under zero inflation : a response to criticisms and questions regarding monetary policy by Kunio Okina( Book )

3 editions published in 1999 in English and held by 30 WorldCat member libraries worldwide

Evaluates questions and criticisms regarding the conduct of BOJ's monetary policy under zero inflation by using two criteria
The policy objectives and the optimal institutional framework of a central bank by Kunio Okina( Book )

6 editions published in 1996 in English and held by 29 WorldCat member libraries worldwide

Policy commitment and expectation formations : Japan's experience under zero interest rates by Kunio Okina( Book )

6 editions published in 2003 in English and held by 27 WorldCat member libraries worldwide

Asset price fluctuations, structural adjustments, and sustained economic growth : lessons from Japan's experience since the late 1980s by Kunio Okina( Book )

5 editions published in 2004 in English and held by 26 WorldCat member libraries worldwide

Comments on "price stability and Japanese monetary policy" by Hiroshi Fujiki( Book )

5 editions published in 2004 in English and held by 23 WorldCat member libraries worldwide

Keizai no daitenkan to Nihon Ginkō by Kunio Okina( Book )

3 editions published in 2015 in Japanese and held by 19 WorldCat member libraries worldwide

Kin'yū seisaku : Chūō Ginkō no shiten to sentaku by Kunio Okina( Book )

3 editions published in 1993 in Japanese and held by 14 WorldCat member libraries worldwide

Baburu to kin'yū seisaku : Nihon no keiken to kyōkun( Book )

3 editions published in 2001 in Japanese and held by 13 WorldCat member libraries worldwide

Nihon Ginkō by Kunio Okina( Book )

2 editions published in 2013 in Japanese and held by 12 WorldCat member libraries worldwide

Kin'yū seisaku no furontia : kokusaiteki chōryū to hi dentōteki seisaku by Kunio Okina( Book )

2 editions published in 2013 in Japanese and held by 11 WorldCat member libraries worldwide

Policy duration effect under zero interest rates an application of wavelet analysis by Kunio Okina( Book )

3 editions published in 2004 in English and held by 9 WorldCat member libraries worldwide

A major feature of recent monetary policy in Japan has been heavy reliance on the so-called policy duration effect. This policy employs a commitment to compensate for the central bank & rsquo;s inability to lower the interest rate below zero by altering the anticipated course of monetary policy actions. This paper analyzes the behavior of the yield curve and examines the effectiveness and limitations of monetary policy commitment under zero interest rates with four indicators for policy duration effect. Specifically, we extend our previous study (Okina and Shiratsuka (2003)) by applying wavelet analysis to indicators for policy duration effect. As in the previous study, the policy duration effect was found to be highly effective in stabilizing market expectations for the path of short-term interest rates, thereby reducing longer-term interest rates and flattening the yield curve. The policy duration effect, however, failed to reverse deflationary expectations in financial markets
Puzzling movements in M2+CDs in Japan since the mid 1980s : is it still useful? by Kunio Okina( Book )

2 editions published in 1992 in English and held by 9 WorldCat member libraries worldwide

 
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Audience level: 0.74 (from 0.63 for Monetary p ... to 0.88 for Policy dur ...)

Monetary policy in a world of knowledge-based growth, quality change, and uncertain measurement
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Alternative Names
Kunio Okina

Kunio Okina économiste japonais

Kunio Okina Japanese economist

Kunio Okina Japans econoom

Okina, Kunio

Okina, Kunio 1951-

Окина, Кунио

오키나 쿠니오 1951-

옹방웅 1951-

オキナ, クニオ

オキナ, クニオ 1951-

翁, 邦雄 1951-...

翁邦雄 1951-

Languages
English (76)

Japanese (13)