Researcher Database

（Last updated : 2022-12-21 15:42:21）

OHTA HIDEAKI

Department / Course College of International Relations Department of International Relations

Title / Position Professor

Other Affiliations
1.	Graduate School of International Relations

Academic background
1.	～1982/06	MPhil in Development Studies (Quantitative Analysis Course) │ Master of Philosophy (MPhil)Course in Development Studies │ Graduate School, University of Cambridge │ Completed Master of Philosophy (MPﾋl) in Development Studies (Quantitative Analysis Course) Master of Philosophy in Development Studies (Quantitative Analysis Course)
2.	～1981/06	International Graduate School (IGS) Diploma Course of IGS │ International Graduate School (IGS) │ University of Stockholm (Sweden) │ Completed
3.	～1980/03	Department of Economics │ Faculty of Economics │ University of Tokyo │ Graduated Bachelor of Economics
4.	2009/03 Degree Acquisition	│ Kyoto University Ph. D. in Economics (International Monetary Economics)
5.	1982 Degree Acquisition	│ University of Cambridge Master of Philosophy(MPhil) in Development Studies (Quantitatyive Analysis Course)
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Business career
1.	2013/04	Professor (International Relations) │ (International Relations) │ Ritsumeikan University
2.	2005 ～ 2013	Professor (International Economics) │ (International Economics) │ Ehime University
3.	2004 ～ 2005	Director │ │ Nomura Securities Financial and Economic ResearchInstitute
4.	1990 ～ 2004	Chief Economist │ │ Nomura Research Institute (NRI)
5.	1984 ～ 1990	Area Programme Officer (Asia & Pacific) │ Area Programme Department │ United Nations Industrial Development Organization(UNIDO),
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Research activities
1.		Japanese Economic Association
2.		The Japan Society of International Economics
3.		Japan Society of Monetary Economics
4.		American Economic Association

Subject of research
1.	Effects of Global Captal Flows on the macroeconomies and markets in the advanced and emerging/developing economies
2.	Research on international financial and capital management and controls for stability of global financial systems）
3.	International Financial Architecture; Economic Programs and management of the IMF and World Bank: Critical research on the conventional programs of the IMF and the relevant organizations especially on the fundamental models and frameworks of the programs.
4.	Analyses on the Development Strategies to achieve long-term growth
5.	Research on the effectiveness of Monetary Easing Policy in advanced economies

Research summary
1. The effects of Capital flows on the macroeconomies in advanced/emerging economies　 2. The Effects of Monetary Policy and Global Capital Flows 3. Current Trend and Perspective of the IMF ―Critical Changes in its Role and Mandate― and global financial architecture 4. Domestic Savings/Investment and captal flows vs. stable economic growth 5.Income distribution and economic growth 1. The effects of Capital flows on the global economy and markets and policy for stabilization ：Global capital flows have expanded significantly in the past decade, and it has affected macroeconomic stability and the volatility in the global markets. The study and research will be focused on (i) Microeconomic aspects of capital controls and management for emerging/ developing economies; (ii)Economic policy to achieve medium- to long-term stable growth; (iii)Policy measures for stability of the global economy and markets. 2. The Effects of Monetary Policy and International Capital Flows in Japan: The domestic monetary policy in Japan has become less effective, and the effects of capital flows on the real economy as well as the domestic market have increased in the past decade (Ohta 2013). It is therefore important to consider the reality of the international environment in the market and to introduce appropriate policy measures for management and controls. 3．The IMF’s role and mandate as well as management: Current position and status of the IMF are to be critically reviewed in the changing current international financial system. There has not been any significant change in the management and operational methods in the programs, where very strict austerity measures have been implemented, that have resulted in the collapse of the governments, and the delay in implementation and/or cancellation of the programs in several countries in Europe. Thus, it is high time to examine the IMF in the long-term perspective. In this respect, the author has proposed a plan of radical change that the mandate of IMF to be concentrated in the global macroeconomic issues. 4. Domestic Savings/Investment: Importance of increasing savings rate for stable economic growth 5. Income distribution and economic growth: priscriptions for economic recovery and growth from the perspctive of income redistribution

Present specialized field
Economic Policy, Money/ Finance, International Economy, International Finance (Keyword：International Economy　 International Finance　 Open Macro Economics　Economic Development 　Emerging Economies　 Asian Economy　 IMF　 World Bank)

Books
1.	2016/08	the IMF and New International Financial System │ (Sole-authored)
2.	2012/09	Economics of Capital Management and Control │ ,pp.297 (Sole-authored)
3.	2012	Capital Market and Rating Agencies in Asia: Structuring a Credit Risk Rating Model (Ch.4 India & Ch.7 Pakistan) │ ,pp.65-114, 187-218 (Co-authored)
4.	2009/06	IMF (International Monetary Fund) │ ,pp.219 (Sole-authored)
5.	2008/06	'New' International Financial System : Required 'Restructuring' of the IMF │ ,pp.260 (Sole-authored)
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Papers
1.	2022/11	The consequences of labour market liberalisation and non-regular employment: the 'lost 30 years' of the Japanese economy │ Ritsumeikan Annual Review of International Studies │ 21 (Sole-authored)
2.	2022/06	Economic stagnation associated with the expansion of non-regular employment in Japan: the background to the ‘lost 30 years’ │ ,pp.107-135 (Sole-authored)
3.	2021/03	New Facts on the 'F-H Puzzle' in OECD countries │ ,pp.445-498 (Sole-authored)
4.	2020/10	Iceland's Success in Capital Flow Management and Controls under the IMF program │ Ritsumeikan Journal of International Studies Vol.33 No.2 │ 33 (2),pp.1-27 (Sole-authored)
5.	2019/11	Re-evaluation of Bank of Japan's Monetary Easing POlicy after the Global Financial Crisis │ Rtisumeikan Review of Intrnational Studies │ Vol.18,pp.1-43 (Sole-authored)
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Academic conference presentation
1.	2022/10/02	Comment on ‘Downward Nominal Wage Rigidity, Fixed Exchange Rates, and Unemployment: The Case of Dollarization with a Binding Minimum Wage’(by Prof. JaeBin Ahn, Jaerim Choi, Ivan Rivadeneyra) (第81回日本国際経済学会年次総会)
2.	2020/10/31	Iceland's Successful Capital Flow Management & Controls under the IMF program (Autumn 2020Meeting of Japan Society of Monetary Economics)
3.	2020/05/24	Failure of the IMF Programme in Argentina and Importance of Capital Flow Management and Controls (Spring 2020　Meeting of Japan Society of Monetary Economics)
4.	2019/09/28	The Effects of International Capital Flows on Domestic Savings, Investment and Growth: Changes in the 'F-H Puzzle' in Emerging Economies, (2019 Annual Meeting of Japan Society of International Economics)
5.	2019/05/25	New Facts on the ‘F-H Puzzle’ in OECD countries: The Effects of International Capital Flows on Domestic Savings, Investment and Growth, Paper for Japan Society for Monetary Economics, Spring May 2019. (Paper for Japan Society for Monetary Economics, Spring Meeting 2019)
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Activity in society
1.	2022/12/10 ～ 2022/12/10	Inter-university Seminar for Future of Japan(ISFJ) Policy Forum Commentator

Message
1.	Importance of Globally oriented views and perspectives in understanding current global issues Current global economies have increasingly been dependent upon international capital flows, This is mainly due to massive inflows and outflows of money through international capital transaction, which have expanded tremendously in the last decade. Today every common people are influenced by the goods and services from foreign nations. Globalization has thus directly and indirectly connected to the international flows of goods and services, as well as money flows, and affect environment of advanced, emerging / developing economies. I consider the issue on capital flows and management on the global economy, and the effects on the financial markets as one of the most important subjects for undertaking research on international economics. In this connection, it would be very important to propose concrete framework to realize a regime of stability through several appropriate measures schemes in the global economies and markets. Students are thus encouraged to study and research international finance and economics from the global perspectives.