Kenta Toyofuku

J-GLOBAL         Last updated: Mar 7, 2019 at 16:08
Kenta Toyofuku
Nihon University
College of Economics, College of Economics
Job title
Ph.D (Economics)(University of Tokyo)
Research funding number


My main research fields are banking theory, monetary policy, and corporate governance by using a game theoretic framework.

Research Areas


Academic & Professional Experience

May 2005
Mar 2006
Assistant professor, National Graduate Institute for Policy Studies
Apr 2006
Mar 2009
Lecturer, College of Economics, Nihon University
Apr 2009
Mar 2014
Associate professor, College of Economics, Nihon University
Apr 2014
Professor, College of Economics, Nihon University


Faculty of Economics, University of Tokyo
Graduate School of Economics, University of Tokyo

Awards & Honors

May 2008
Best Paper Award, The Second paper contest byJyutaku-Kinyu Forum

Published Papers

Stability or restructuring? Macroeconomic dynamics under soft budget constraint problems
Kenta Toyofuku
Economic Systems   37(4) 625-649   Dec 2013   [Refereed]
Banknotes, liquidity insurance, and the role of interbank settlement
Kenta Toyofuku
Conference procedings of the Finance and Economics Conference 2013      Sep 2013
The impact of bank health on coordintion among creditors
Kenta Toyofuku
Theoretical economic letters   3(2) 108-118   Apr 2013   [Refereed]
Ex ante efficiency of structured bargaining procedures under coordination failure among creditors
Kenta Toyofuku
Corporate ownership and control   9(3) 394-406   Oct 2012   [Refereed]
Forbearance Lending by Banks and Bank Regulation
Kenta Toyofuku
Review of Monetary and Financial Studies   (26) 87-105   Apr 2008   [Refereed]


Risk sharing traps liquidity
Kenta Toyofuku
work in progress
Unit of account, sovereign debt and optimal currency area
Kenta Toyofuku
Work in progress

Conference Activities & Talks

Unit of Account, Sovereign Debt and Optimal Currency Area
Kenta Toyofuku
The 10th Biennial Conference of Hong Kong Economic Association   Dec 2018   
The benefit of common currency as a medium of exchange
Kenta Toyofuku
Japan Society of Monetary Economics   1 Oct 2017   日本金融学会
The benefit of common currency as a medium of exchange
Kenta Toyofuku
92nd Annual Conference, Western Economic Association International   27 Jun 2017   Western Economic Association International
Division of labor and common currency
Kenta Toyofuku
Japanese Economic Association   Sep 2016   
Division of labor and common currency
Kenta Toyofuku
2016 Asian meeting of the Econometric society   11 Aug 2016   Econometric society