This paper examines the effect of unemployment rates on crime rates, using two types of Japanese data: time-series data from 1976 to 2008 and prefectural panel data from 1975 to 2005. An analysis using time-series data shows that an increase in unemployment rates raises crime rates, while the...

This paper examines how the informational efficiency of the Japanese stock markets changed with the introduction of ETFs(Exchange-Traded Funds) by looking at the arbitrage relationships between cash and futures of the Nikkei225. This paper is unique in that it uses tick data, which enable me to...

This paper examines the institutional aspects of the Dojima rice exchange market. Especially, the role of governance mechanism was focused on. It is well known that the Dojima rice exchange market was established in 1730 in Osaka, and closed in 1869 due to the collapse of Tokugawa Shogunate. In...