A THEORETICAL ANALYSIS OF THE REFORM OF THE FISCAL INVESTMENT AND LOAN PROGRAM

• 滝川 好夫

抄録

In this paper, the reform of the FILP system has been theoretically analyzed from the standpoint of the Postal Savings Bank. The results of the analysis are summarized as follows: FILP reform essentially aims at the setting of interest rates of FILP agency bonds to the level of equilibrium interest rates in external fund markets, fund investment in FILP agency bonds by the Postal Savings Bank, and fund raising with FILP bonds by FILP agencies. Setting of the interest rate of FILP bonds to R (<interest rates of FILP agency bonds) is similar to the imposing of export specific duties in a state of 'international equilibrium price > equilibrium price with self-sufficiency.' To enlarge the surplus in public financial institutions, 'FILP agency bonds + the policy to subsidize FILP agencies' is, in a sense, preferable to the introduction of FILP bonds.

収録刊行物

• Kobe University Economic Review

  Kobe University Economic Review 47 13-28, 2001

  神戸大学大学院経済学研究科

詳細情報

• CRID: 1390290699906253952
• NII論文ID: 110005859504
• NII論文ID: 120005476660
• NII書誌ID: AA00261065
• DOI: 10.24546/81000930
• HANDLE: 20.500.14094/81000930
• ISSN: 04541111
• 本文言語コード: en
• データソース種別:
  • JaLC
  • IRDB
  • CiNii Articles
• 抄録ライセンスフラグ: 使用可