Hoshi, Takeo, Iitaka, Toshiaki, Fyta, Maria
Quantum-mechanical molecular-dynamics simulations are carried out to explore possible precursor states of nano-polycrystalline diamond, a novel ultra-hard material produced directly from graphite....
Domain boundary formation in helical multishell gold nanowire (2009)
Helical multishell gold nanowire is studied theoretically for the formation mechanism of helical domain boundary. Nanowires with the wire length of more than 10 nm are relaxed by quantum mechanical...
Changes in Corporate Restructuring Processes in Japan, 1981-2007 (2009)
Hoshi, Takeo, Koibuchi, Satoshi, Schaede, Ulrike
We analyze a large database collected from newspaper articles that report on major episodes of corporate restructuring in Japan between 1981 and 2007. By linking this database with financial data on...
Lessons from the Japanese Bubble for the U.S. (2008)
Hoshi, Takeo, Sheard, Paul, Woodford, Michael, Weinstein, David E.
The Program on Alternative Investments at the Center on Japanese Economy and Business (CJEB) of Columbia Business School and Columbia University’s Program for Economic Research and Weatherhead East...
Ill-Contact Effects of d-Orbital Channels in Nanometer-Scale Conductor (2008)
Shinaoka, Hiroshi, Hoshi, Takeo, Fujiwara, Takeo
Electronic current in a nanometer-size rod is theoretically investigated by an eigen-channel decomposition method in nonequilibrium Green's function formalism. Physical properties, such as the local...
Ultra-large-scale electronic structure theory and numerical algorithm (2008)
This article is composed of two parts; In the first part (Sec. 1), the ultra-large-scale electronic structure theory is reviewed for (i) its fundamental numerical algorithm and (ii) its role in...
An early-stage version of simulation package ' ELSES' (Extra-Large-Scale Electronic-Structure calculation) is developed for electronic structure and dynamics of large systems, particularly, nm-scale...
Shifted COCG method and its application to double orbital extended Hubbard model (2008)
Yamamoto, Susumu, Sogabe, Tomohiro, Hoshi, Takeo, Zhang, Shao-Liang, Fujiwara, Takeo
We explains the shifted COCG method which can solve a series of the linear equations generated by numbers of scaler shifts, without time consuming matrix-vector operations, except at the only one...
MONETARY AND ECONOMIC STUDIES/FEBRUARY 2001 What Happened to Japanese Banks? (2008)
This paper argues that the slow and incomplete deregulation of the financial system in the 1980s was the most important factor behind the Japanese banking troubles in the 1990s. The regression...
Naohiko Baba, Joseph Haubrich, Takeo Hoshi, Yukinobu Kitamura
This paper provides a formal model that investigates optimal timing in banks ’ writing off their nonperforming loans. The motivation comes from the recent episodes of Japanese banks, which have...
Theory of large-scale matrix computation and applications to electronic structure calculation (2008)
Fujiwara, Takeo, Hoshi, Takeo, Yamamoto, Susumu
We review our recently developed methods for large-scale electronic structure calculations, both in one-electron theory and many-electron theory. The method are based on the density matrix...
Listing Policy and Development of the Tokyo Stock Exchange in the Pre-War Period (2007)
Hamao, Yasushi, Hoshi, Takeo, Okazaki, Tetsuji
Recent studies have established that the Japanese stock market had a substantial size in the pre-war period, and played an important role in financing economic development. The pre-war stock market...
Listing Policy and Development of the Tokyo Stock Exchange in the Pre-War Period (2007)
Hamao, Yasushi, Hoshi, Takeo, Okazaki, Tetsuji
Recent studies have established that the Japanese stock market had a substantial size in the pre-war period, and played an important role in financing economic development. The pre-war stock market...
2003, Paying for the FILP (2007)
This paper examines the financial health of the Fiscal Investment and Loan Program (FILP) as of the end of March 2001. We study the financial conditions of FILP recipients, which include public...
Nitta, Hitoshi, Watanabe, Naoki, Hoshi, Takeo, Fujiwara, Takeo
An early-stage version of simulation package is developed for electronic structure calculation and dynamics of atom process in large-scale systems, particularly, nm-scale or 10nm-scale systems. We...
Accuracy control in ultra-large-scale electronic structure calculation (2007)
Numerical aspects are investigated in ultra-large-scale electronic structure calculation. Accuracy control methods in process (molecular-dynamics) calculation are focused. Flexible control methods...
Listing Policy and Development of the Tokyo Stock Exchange in the Pre-War Period (2007)
Hamao, Yasushi, Hoshi, Takeo, Okazaki, Tetsuji
Recent studies have established that the Japanese stock market was quite large in the pre-war period, and played an important role in financing the economic development. The pre-war stock market in...
Two-Stage Formation Model and Helicity of Gold Nanowires (2006)
Iguchi, Yusuke, Hoshi, Takeo, Fujiwara, Takeo
A model for formation of helical multishell gold nanowires is proposed and is confirmed with the quantum mechanical molecular dynamics simulations. The model can explain the magic number of the...
Large-scale electronic structure theory for simulating nanostructure process (2006)
Fundamental theories and practical methods for large-scale electronic structure calculations are given, in which the computational cost is proportional to the system size. Accuracy controlling...
Draw out Carbon Nanotube from Liquid Carbon (2006)
Zhang, Shuang, Hoshi, Takeo, Fujiwara, Takeo
Carbon nanotube (CNT) is expected for much more important and broader applications in the future, because of its amazing electrical and mechanical properties. However, today, the prospect is detained...
Zombie Lending and Depressed Restructuring in Japan (2006)
Caballero, Ricardo, Hoshi, Takeo, Kashyap, Anil K.
In this paper, we propose a bank-based explanation for the decade-long Japanese slowdown following the asset price collapse in the early 1990s. We start with the wellknown observation that most large...
Zombie Lending and Depressed Restructuring in Japan (2006)
Caballero, Ricardo, Hoshi, Takeo, Kashyap, Anil K.
In this paper, we propose a bank-based explanation for the decade-long Japanese slowdown following the asset price collapse in the early 1990s. We start with the wellknown observation that most large...
The Genesis and the Development of the Pre-war Japanese Stock Market (2005)
Hamao, Yasushi, Hoshi, Takeo, Okazaki, Tetsuji
This paper examines the development of the Tokyo Stock Exchange since its inception in 1878 to the mid-1930s. Special attention is paid to the increases in the number of listed stocks throughout this...
Hoshi, Takeo, Iguchi, Yusuke, Fujiwara, Takeo
The 10-nm-scale structure in silicon cleavage is studied by the quantum mechanical calculations for large-scale electronic structure. The cleavage process on the order of 10 ps shows surface...
Solutions to Japanese economic problems (2004)
Patrick, Hugh, Hashimoto, Kazuhito, Kitashiro, Kakutaro, Ito, Takatoshi, Weinstein, David, Iwata, Kazumasa, ...
Japan's decade of economic underperformance and malaise appears to be coming to an end. The economy is experiencing its third round of recovery, this time without the marked use of fiscal stimuli. Is...
Solutions to Japanese economic problems (2004)
Patrick, Hugh, Hashimoto, Kazuhito, Kitashiro, Kakutaro, Ito, Takatoshi, Weinstein, David, Iwata, Kazumasa, ...
Japan's decade of economic underperformance and malaise appears to be coming to an end. The economy is experiencing its third round of recovery, this time without the marked use of fiscal stimuli. Is...
Takayama, Ryu, Hoshi, Takeo, Fujiwara, Takeo
For large scale electronic structure calculation, the Krylov subspace method is introduced to calculate the one-body density matrix instead of the eigenstates of given Hamiltonian. This method...
Large-scale electronic structure calculation and its application (2003)
Several methodologies are developed for large-scale atomistic simulations with fully quantum mechanical description of electron systems. The important methodological concepts are (i) generalized...
Geshi, Masaaki, Hoshi, Takeo, Fujiwara, Takeo
Parallelism of tight-binding molecular dynamics simulations is presented by means of the order-N electronic structure theory with the Wannier states, recently developed (J. Phys. Soc. Jpn. 69,3773...
A hybrid scheme between large-scale electronic structure calculations is developed and applied to nanocrystalline silicon with more than 10$^5$ atoms. Dynamical fracture processes are simulated under...
This paper examines the financial health of the Fiscal Investment and Loan Program (FILP) as of the end of March 2001. We study the financial conditions of FILP recipients, which include public...
This paper examines the financial health of the Fiscal Investment and Loan Program (FILP) as of the end of March 2001. We study the financial conditions of FILP recipients, which include public...
In 1993, the corporate bond primary market in Japan underwent a major change. The Financial System Reform Act allowed banks to enter the underwriting business by setting up securities subsidiaries....
In 1993, the corporate bond primary market in Japan underwent a major change. The Financial System Reform Act allowed banks to enter the underwriting business by setting up securities subsidiaries....
Theory of composite-band Wannier states and order-N electronic-structure calculations (1999)
From the order-N electronic-structure formulation, a Hamiltonian is derived, of which lowest eigen state is the generalized or composite-band Wannier state. This Hamiltonian maps the locality of the...
Bank underwriting of corporate bonds: Evidence from Japan after 1994 (1997)
This paper examines a recent major change in the corporate bond primary market in Japan, namely bond underwriting by bank subsidiary securities firms. We analyze yields on corporate bonds at the time...
Bank underwriting of corporate bonds: Evidence from Japan after 1994 (1997)
This paper examines a recent major change in the corporate bond primary market in Japan, namely bond underwriting by bank subsidiary securities firms. We analyze yields on corporate bonds at the time...
Heterogeneous Beliefs, Wealth Accumulation and Asset Price Dynamics (1996)
Cabrales, Antonio [acabrale], Hoshi, Takeo
This paper develops and analyzes a models of asset markets with two types of investors. We study the stochastic processes for the distribution of wealth between the two types of investors and for the...
Bank organization and screening performance (1995)
This paper develops a simple model of organization design for a bank by modifying the model by Sah and Stiglitz (1986). Two alternative forms of bank organization are considered. In the...
Bank organization and screening performance (1995)
This paper develops a simple model of organization design for a bank by modifying the model by Sah and Stiglitz (1986). Two alternative forms of bank organization are considered. In the...
Government reputation and monetary policy / (1988)
Supervised by Stanley Fischer and Olivier Blanchard.
Corporate structure, liquidity, and investment : evidence from Japanese panel data (1988)
Hoshi, Takeo., Kashyap, A. K., Scharfstein, David
"First draft: June 1988--This draft: September 1988."--T.p.
"The Genesis and the Development of the Pre-war Japanese Stock Market"
Yasushi Hamao, Takeo Hoshi, Tetsuji Okazaki
This paper examines the development of the Tokyo Stock Exchange since its inception in 1878 to the mid-1930s. Special attention is paid to the increases in the number of listed stocks throughout this...
"The Genesis and the Development of the Pre-war Japanese Stock Market"(in Japanese)
Tetsuji Okazaki, Yasushi Hamao, Takeo Hoshi
This paper examines the development of the Tokyo Stock Exchange since its inception in 1878 to the mid-1930s. Special attention is paid to the increases in the number of listed stocks throughout this...
This paper examines the financial health of the Fiscal Investment and Loan Program (FILP) as of the end of March 2001. We study the financial conditions of FILP recipients, which include public...
Takeo Hoshi, Anil Kashyap, David Scharfstein
During this decade the structure of corporate finance in Japan has changed dramatically. Japanese firms that once used bank debt as their prime source of financing now rely more heavily on the public...
"Listing Policy and Development of the Tokyo Stock Exchange in the Pre-War Period"
Yasushi Hamao, Takeo Hoshi, Tetsuji Okazaki
Recent studies have established that the Japanese stock market was quite large in the pre-war period, and played an important role in financing the economic development. The pre-war stock market in...
Japan's Financial Crisis and Economic Stagnation
We survey the macroeconomic stagnation and financial problems in Japan. The financial sector assessment includes separate analyses of the commercial banks, the life insurance companies and the...
Corporate structure, liquidity, and investment: evidence from Japanese industrial groups
Takeo Hoshi, Anil Kashyap, David Scharfstein
Capital market
Takeo Hoshi, Anil Kashyap, David Scharfstein
Japan ; Corporations - Finance ; Banks and banking - Japan
The role of banks in reducing financial distress in Japan
Takeo Hoshi, Anil K. Kashyap, David Scharfstein
Banks and banking, International ; Japan
Evidence on q and investment for Japanese firms
Japan ; Corporations - Finance ; Stock - Prices - Japan
Evolution of the Main Bank System in Japan
This paper examines the development of the main bank system in Japan. The pre-war system of corporate financing in Japan was very different from the main bank system in the post-war period. By the...
What Happened to Japanese Banks?
This paper argues that the slow and incomplete deregulation of the financial system in the 1980s was the most important factor behind the Japanese banking troubles in the 1990s. The regression...
Lessons from the Japanese main bank system for financial system reform in Poland
Takeo Hoshi, Anil Kashyap, Gary Loveman
Japan ; Poland
Lessons from the Japanese main bank system for financial system reform in Poland
Takeo Hoshi, Anil Kashyap, Gary Loveman
Banks and banking - Japan ; Japan ; Poland
Bank underwriting of corporate bonds evidence from Japan after the financial system reform of 1993
Bank underwriting ; Bonds ; Japan
Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups.
Hoshi, Takeo, Kashyap, Anil, Scharfstein, David
This paper presents evidence suggesting that information and incentive problems in the capital market affect investment. The authors come to this conclusion by examining two sets of Japanese firms....
Monetary Policy in the Great Recession
This paper reviews the monetary policy in Japan during the "great recession." The paper focuses especially on the conduct of monetary policy when the ZIRP (zero interest rate policy) was in place....
Corporate Finance and Human Resource Management
Corporate governance can be defined to be an institution that constrains relations between corporate managers and various stakeholders, including shareholders, creditors, workers, suppliers, and...
The Role of Banks in Reducing the Costs of Financial Distress in Japan
Takeo Hoshi, Anil Kashyap, David Scharfstein
This paper explores the idea that financial distress is costly because free-rider problems and information asymmetries make it difficult for firms to renegotiate with their creditors in times of...
Takeo Hoshi, Anil Kashyap, David Scharfstein
As a result of deregulation, there was a dramatic shift during the 1980s in Japan away from bank debt financing towards public debt financing: in 1975, more than 90% of the corporate debt of public...
The Japanese Banking Crisis: Where Did It Come From and How Will It End?
We argue that the deregulation leading up to the Big Bang has played a major role in the current banking problems. This deregulation allowed large corporations to quickly switch from depending on...
Zombie Lending and Depressed Restructuring in Japan
Ricardo J. Caballero, Takeo Hoshi, Anil K. Kashyap
In this paper, we propose a bank-based explanation for the decade-long Japanese slowdown following the asset price collapse in the early 1990s. We start with the well-known observation that most...
Will the TARP Succeed? Lessons From Japan
The U.S. government is hiring asset managers to purchase up to $700 billion of toxic real estate securities that are the center of the current credit crisis. Buying up assets, if done properly, might...
Corporate Financing and Governance in Japan: The Road to the Future
In this book Takeo Hoshi and Anil Kashyap examine the history of the Japanese financial system, from its nineteenth-century beginnings through the collapse of the 1990s that concluded with sweeping...
Zombie Lending and Depressed Restructuring in Japan
Ricardo J. Caballero, Takeo Hoshi, Anil K. Kashyap
Large Japanese banks often engaged in sham loan restructurings that kept credit flowing to otherwise insolvent borrowers (which we call zombies). We examine the implications of suppressing the normal...