{"id":5771,"date":"2017-11-09T10:10:08","date_gmt":"2017-11-09T01:10:08","guid":{"rendered":"https:\/\/www.waseda.jp\/fpse\/winpec\/?p=5771"},"modified":"2017-11-09T10:10:08","modified_gmt":"2017-11-09T01:10:08","slug":"%ef%bc%91%ef%bc%91%e6%9c%88%ef%bc%92%ef%bc%91%e6%97%a5%e7%8f%be%e6%94%bf%e7%a0%94%e3%82%bb%e3%83%9f%e3%83%8a%e3%83%bc%ef%bc%88%e5%89%8d%e5%b7%9d%e6%b7%b3%e5%85%88%e7%94%9f%ef%bc%89%e3%81%ae%e3%81%94","status":"publish","type":"post","link":"https:\/\/www.waseda.jp\/fpse\/winpec\/news\/2017\/11\/09\/5771\/","title":{"rendered":"\uff11\uff11\u6708\uff12\uff11\u65e5\u73fe\u653f\u7814\u30bb\u30df\u30ca\u30fc\uff08\u524d\u5ddd\u6df3\u5148\u751f\uff09\u306e\u3054\u6848\u5185\u3000the WINPEC Seminar on November 21st."},"content":{"rendered":"<p>\uff11\uff11\u6708\uff12\uff11\u65e5\uff08\u706b\uff09\u306b\u884c\u308f\u308c\u307e\u3059\u3001\u73fe\u653f\u7814\u30bb\u30df\u30ca\u30fc\u306e\u65e5\u7a0b\u3001\u5834\u6240\u306a\u3069\u306b\u3064\u304d\u307e\u3057\u3066\u3054\u6848\u5185\u7533\u3057\u4e0a\u3052\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u3010\u65e5\u3000\u6642\u3011\uff11\uff11\u6708\uff12\uff11\u65e5\uff08\u706b\uff09\uff11\uff10\uff1a\uff14\uff10\uff5e\uff11\uff12\uff1a\uff11\uff10<\/p>\n<p>\u3010\u5834\u3000\u6240\u3011\u65e9\u7a32\u7530\u5927\u5b66\u3000\u65e9\u7a32\u7530\u30ad\u30e3\u30f3\u30d1\u30b9\uff13\u53f7\u9928\uff11\uff10\u968e \u7b2c\u4e00\u4f1a\u8b70\u5ba4<\/p>\n<p>\u3010\u5831\u544a\u8005\u3011\u3000\u524d\u5ddd\u3000\u6df3\u3000\u5148\u751f\u3000\uff08\u7acb\u547d\u9928\u5927\u5b66\u3000\u30b0\u30ed\u30fc\u30d0\u30eb\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u6a5f\u69cb\uff09<\/p>\n<p><u>\u3010\u30bf\u30a4\u30c8\u30eb\u3011Securitization and Heterogeneous-Belief Bubbles with Collateral Constraints<\/u><\/p>\n<p>\u3010\u8981\u65e8\u3011Earlier studies, like Miller(1977) or Harrison and Kreps(1978), show asset price is higher in<\/p>\n<p>heterogeneous model than common prior model. These studies have assumed that there is<\/p>\n<p>neither budget constraint nor limitation of financial market. Recent study explore the role of<\/p>\n<p>financial technology in heterogeneous belief model. Fostel and Geanakoplos (2012) or<\/p>\n<p>Simsek(2013) provide models in which different financial innovations affect the economic<\/p>\n<p>situation. I also show that some financial technology including securitization, particularly loan<\/p>\n<p>backed security, increases the asset price as reported by previous studies.<\/p>\n<p>&nbsp;<\/p>\n<p>\u3010\u8a00\u8a9e\/language\u3011\u3000\u65e5\u672c\u8a9e\/Japanese<\/p>\n<p>&nbsp;<\/p>\n<p>\u3010\u62db\u8058\u6559\u54e1\/ Organizer\u3011\u3000\u6238\u6751\u3000\u8087\u3000\u5148\u751f\u00a0\/ Prof. Hajime Tomura<\/p>\n<p>&nbsp;<\/p>\n<p>\u73fe\u653f\u7814\u30bb\u30df\u30ca\u30fc\u306f\u5e83\u304f\u307f\u306a\u3055\u307e\u306b\u3072\u3089\u304b\u308c\u305f\u30bb\u30df\u30ca\u30fc\u3067\u3059\u3002<\/p>\n<p>\u7686\u69d8\u306e\u5fa1\u53c2\u52a0\u3092\u304a\u5f85\u3061\u3057\u3066\u304a\u308a\u307e\u3059\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>\u73fe\u4ee3\u653f\u6cbb\u7d4c\u6e08\u7814\u7a76\u6240<\/p>\n<p>\u6240\u9577 \u6e05\u6c34\u548c\u5df3<\/p>\n<p>\u5e79\u4e8b\u3000\u9ad8\u6a4b\u767e\u5408\u5b50 \u3000\u6d45\u53e4\u3000\u6cf0\u53f2<\/p>\n<p><a href=\"http:\/\/www.waseda.jp\/fpse\/winpec\/\">http:\/\/www.waseda.jp\/fpse\/winpec\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uff11\uff11\u6708\uff12\uff11\u65e5\uff08\u706b\uff09\u306b\u884c\u308f\u308c\u307e\u3059\u3001\u73fe\u653f\u7814\u30bb\u30df\u30ca\u30fc\u306e\u65e5\u7a0b\u3001\u5834\u6240\u306a\u3069\u306b\u3064\u304d\u307e\u3057\u3066\u3054\u6848\u5185\u7533\u3057\u4e0a\u3052\u307e\u3059\u3002 &nbsp; \u3010\u65e5\u3000\u6642\u3011\uff11\uff11\u6708\uff12\uff11\u65e5\uff08\u706b\uff09\uff11\uff10\uff1a\uff14\uff10\uff5e\uff11\uff12\uff1a\uff11\uff10 \u3010\u5834\u3000\u6240\u3011\u65e9\u7a32\u7530\u5927\u5b66\u3000\u65e9\u7a32\u7530\u30ad\u30e3\u30f3\u30d1\u30b9\uff13\u53f7\u9928\uff11\uff10\u968e \u7b2c\u4e00\u4f1a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[103,104,105,1],"tags":[99,18],"class_list":["post-5771","post","type-post","status-publish","format-standard","hentry","category-news-en","category-other-en","category-other","category-news","tag-events-en","tag-events"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.waseda.jp\/fpse\/winpec\/wp-json\/wp\/v2\/posts\/5771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.waseda.jp\/fpse\/winpec\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.waseda.jp\/fpse\/winpec\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/fpse\/winpec\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.waseda.jp\/fpse\/winpec\/wp-json\/wp\/v2\/comments?post=5771"}],"version-history":[{"count":0,"href":"https:\/\/www.waseda.jp\/fpse\/winpec\/wp-json\/wp\/v2\/posts\/5771\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.waseda.jp\/fpse\/winpec\/wp-json\/wp\/v2\/media?parent=5771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.waseda.jp\/fpse\/winpec\/wp-json\/wp\/v2\/categories?post=5771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.waseda.jp\/fpse\/winpec\/wp-json\/wp\/v2\/tags?post=5771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}