KATSUTOSHI SHIMIZU
CV on internet

OFFICE ADDRESS AND TELEPHONE :Department of Economics, Nagoya University
Furo-cho, Chikusa-ku, Nagoya, Aichi, Japan 464-8601
Phone: +81-52-789-2378
EDUCATION :University of Tokyo, Ph. D., in Economics
Thesis Title: Prudential Management of Banks and Financial Regulation
University of Tokyo, B.A. in Economics
EXPERIENCE :Professor of Economics and Finance, Graduate School of Economics, Nagoya
University, 2010 – Present
Associate Professor, Graduate School of Economics, Nagoya University,
2007 – 2010
Associate Professor, Department of Economics, Aoyama Gakuin University, 2002 – 2007
Lecturer (full-time), Department of Economics, Aoyama Gakuin University, 1998 – 2002
Research Associate (full-time), Institute of Social Science, University ofTokyo, 1997 – 1998
MAJOR PAPERS :Funding liquidity risk and internal markets in multi-bank holding companies: Diversification or internalization ? International Review of FinancialAnalysis 57, 77-89. 2018. (with Kim Cuong Ly)
Were regulatory interventions eﬀective in lowering systemic risk during thefinancial crisis in Japan? Journal of Multinational Financial Management
41, 80-91. 2017. (with Kim Cuong Ly, Swansea University)
Adjusting denominators of capital ratios: Evidence from Japanese bank
Journal of Financial Stability 19, 60-68. 2015.
Bankruptcies of small firms and lending relationship, Journal of Banking& Finance 36, 857-870. 2012.
Is the information produced in the stock market useful for depositors?
Finance Research Letters 6, 34-39, 2009.

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The behavior of Japanese banks in the 1990s and government intervention
for the financial crisis. Public Policy Review 5, 229-253. 2009.
How can we eﬀectively resolve the financial crisis ; Evidence on the bankrehabilitation plan of the Japanese government, Pacific Basin Finance
Journal 14, 119-134, 2006.
Did amakudari undermine the eﬀectiveness of regulator monitoring inJapan? Journal of Banking & Finance 25, 573-596, 2001. ( with Akiyoshi
Horiuchi (Professor, University of Tokyo))
The Deterioration of bank balance sheets in Japan: Risk-taking and recapitalization. Pacific Basin Finance Journal 6, 1-26, 1998. (with Akiyoshi
Horiuchi (Professor, University of Tokyo))
BOOKS IN JAPANESE :Economics of Incentive Problems. Yuhikaku. with Akiyoshi Horiuchi(Professor, University of Tokyo). 2003.
Introduction to Financial and Monetary Economics. Shinseisha. 2008.
Government Debt Crisis and Financial Market. Nihon Keizai Shimbun
Shuppansha. 2011.
Financial Economics. University of Tokyo Press. 2016.
Introduction to Financial Economics. University of Tokyo Press. 2018.
RECENT SPEAKERS :Pecking order hypothesis under negative investment environment , Katsutoshi Shimizu , Royal Economic Society Annual Conference 2018.
Pecking order hypothesis under negative investment , Katsutoshi Shimizu, 30th Australasian Finance & Banking Conference. 2017.
Funding liquidity risk and internal market in the multi-bank holding companies: Diversification or internalization?, Nippon Finance Association
25th Annual Meeting. 3rd June 2017.
Comment on: Adverse Selection versus Moral Hazard in Financial Contracting: Evidence from Collateralized and Non-collateralized Loan Contracts （Iichiro Uesugi, Hirofumi Uchida, Hiromichi Iwaki）. 18-th MacroConference. At Hotel Hankyu Expo-park. 27th November 2016.
Comment on: Revisiting Basel Risk Weights (Rainer Baule and ChristianTallau ) The Annual Meeting of Asian Financial Association, Bangkok,
28th June, 2016.
Bank lending behavior and business cycle under Basel regulations: Is therea significant procyclicality? Katsutoshi Shimizu. The Annual Meeting ofAsian Financial Association, Bangkok, 28th June, 2016.
Comment on: The Objective Function of Government-Controlled banks
in a Financial Crisis (Yoshiaki Ogura). Nippon Finance Association 24thAnnual Meeting, 2016.
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Bank lending behavior and business cycle under Basel regulations: Is
there a significant procyclicality?, Nippon Finance Association 24th Annual Meeting, 2016
The choice of Raising Capital under Strengthened Capital Regulation. at
28th Australasian Finance & Banking Conference. Dec. 2015.
Systemic Risk and Crisis Management: A CoVaR Approach.at Keio University Workshop. Dec. 2015.
Systemic Risk and Crisis Management: A CoVaR Approach.at Osaka University 2015. Dec. 2015Monitoring and diversification costs with or without a close relationship.
at 2015 FMA International Annual Meeting. Oct. 2015.
Systemic Risk and Crisis Management: A CoVaR Approach. at Singapore
Economic Review Conference 2015. Aug. 2015.
Systemic Risk and Crisis Management: A CoVaR Approach. at 5th International Conference of the Financial Engineering and Banking Society.
Jun. 2015.
MEMBERSHIP OF ACADEMIC ASSOCIATION :Nippon Finance Association
American Finance Association
Financial Management Association
Japanese Association of Financial Econometrics and Engineering
Japan Finance Association
Japanese Economic Association
Japan Society of Monetary Economics
Association of Behavioral Economics and Finance
GRANTS :Grants in Aid for Scientific Research 2018ISHII Memorial Securities Research Foundation 2017
YU-CHO Foundation 2017
Grants in Aid for Scientific Research 2013-2015
ISHII Memorial Securities Research Foundation 2012
Grants in Aid for Scientific Research 2010-2012
NITTO Academic Foundation 2009
Grants in Aid for Scientific Research 2007-2009
Japan Economic Research Promotion Foundation 2004-2005
Grants in Aid for Scientific Research 2002-2004
Grants in Aid for Scientific Research 1994-1996

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