Personnel Information

写真b

FUJII Eiji

Organization
School of Economics Professor
Research Fields, Keywords
debt, international finance and economics, 国際経済・金融, 負債
Teaching and Research Fields
My research interests lie mainly in the fields of international finance. While we live in an era of so-called globalizing economy, there are various puzzles and anomalies regarding how markets are organized and prices function to allocate resources across countries. To better understand them, I have conducted empirical research on real exchange rate dynamics, currency misalignment, and real and financial market integration.
URL
http://www-econ2.kwansei.ac.jp/~efujii/
Syllabus information URL
https://syllabus.kwansei.ac.jp/uniasv2/UnSSOLoginControlFree?REQ_ACTION_DO=/AGA030PLS01Action.do?REQ_FUNCTION_JUMP_START_FLG=1&SLB_LINK_DISP_FLG=230&TCH_NO=100007&REQ_PRFR_FUNC_ID=AGA030
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Graduate School 【 display / non-display 】

  • Graduate school:University of California, Santa Cruz
    Department:Department of Economics
    Course:International Economics

    Course completed:Doctor's Course
    Date of completion:1999.12
    Completion status:Completed
    Country:United States

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Degree 【 display / non-display 】

  • Degree name:Ph.D. (International Economics)
    Classified degree field:International Economics
    Conferring institution:University of California, Santa Cruz
    Acquisition way:Coursework
    Date of acquisition:1999.12

  • Degree name:Master of Arts in International Policy Studies
    Classified degree field:Humanities & Social Sciences / International relations
    Conferring institution:Monterey Institute of International Studies (currently Middlebury Institute of International Studies)
    Acquisition way:Coursework
    Date of acquisition:1993.06

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Career 【 display / non-display 】

  • Affiliation:Ludwig-Maximilians-Universität (University of Munich), Germany
    Department:Center for Economic Studies
    Title:Visiting Research Fellow
    Date:2007.09 - 2007.10

  • Affiliation: The Australian National University
    Department:Australia-Japan Research Centre
    Title:Visiting Fellow
    Date:2004.07 - 2004.11

  • Affiliation: University of Adelaide
    Department:School of Commerce
    Title:Visiting Academic
    Date:2003.09

  • Affiliation:Bank of Canada
    Department:International Department
    Title:Visiting Scholar
    Date:2002.09 - 2002.10

  • Affiliation:Editorial office, Asia-Pacific Journal of Accounting and Economics
    Title:Associate Editor
    Date:2016.01 - 2021.03

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Association Memberships 【 display / non-display 】

  • Academic society name:American Economic Association
    Academic country located:United States

  • Academic society name:Western Economic Association International
    Academic country located:United States

  • Academic society name:Hong Kong Economic Association
    Academic country located:Hong Kong

  • Academic society name:International Economics and Finance Society
    Academic country located:United States

  • Academic society name:日本経済学会
    Academic country located:Japan

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Research Areas 【 display / non-display 】

  • Research field:Humanities & Social Sciences / Economic policy

  • Research field:Humanities & Social Sciences / Money and finance

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Papers 【 display / non-display 】

  • Language: English
    Title: "Informal Institutions and Global Trade: Real Effects of the Elusive"
    Journal name: CESifo Working Papers 12268  vol.24  (73)
    Date of publication: 2025.11
    Author(s): Eiji Fujii

    Type of publication: Research paper (bulletin of university, research institution)
    Field of experts:Humanities & Social Sciences / Economic policy

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  • Title: "Cyclicality of International Reserves, Exchange Rate Flexibility, and Output Volatility"
    Journal name: CESifo Working Papers 11800  (p.1 - 48)
    Date of publication: 2025.04
    Author(s): Eiji Fujii and Xingwang Qian

    DOI: 10.13140/RG.2.2.22924.01925

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  • Language: English
    Title: "Currency Concentration in Sovereign Debt, Exchange Rate Cyclicality, and Volatility in Consumption"
    Journal name: Review of World Economics (Weltwirtschaftliches Archiv)  vol.160  (1)  (p.169 - 192)
    Date of publication: 2023.02
    Author(s): Eiji Fujii

    DOI: 10.1007/s10290-023-00493-6
    Co-author classification: Single Author
    Field of experts:Humanities & Social Sciences / Economic policy

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  • Language: English
    Title: "What Does Trade Openness Measure?"
    Journal name: Oxford Bulletin of Economics and Statistics  vol.81  (4)  (p.868 - 888)
    Date of publication: 2019.08
    Author(s): Eiji Fujii

    DOI: 10.1111/obes.12275
    Type of publication: Research paper (scientific journal)
    Co-author classification: Single Author

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  • Language: English
    Title: "Government Size, Trade Openness, and Output Volatility: A Case of Fully Integrated Economies"
    Journal name: Open Economies Review  vol.28  (4)  (p.661 - 684)
    Date of publication: 2017.09
    Author(s): Eiji Fujii

    DOI: 10.1007/s11079-017-9433-4
    Type of publication: Research paper (scientific journal)
    Co-author classification: Single Author

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Books 【 display / non-display 】

  • Language: Japanese
    Title: コア・テキスト国際金融論　第３版
    Publisher: 新世社
    Date of publication: 2024.09
    Author(s): 藤井英次

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  • Language: English
    Title: "External Debt and International Trade: Another Mismatch" in Frank Westermann and Y.-W. Cheung (eds.), International Currency Exposure, MIT Press.
    Publisher: MIT Press
    Date of publication: 2017.07
    Author(s): Eiji Fujii

    Type of books: Scholarly book
    Authorship：Sole author

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  • Language: Japanese
    Title: コア・テキスト国際金融論　第2版
    Publisher: 新世社
    Date of publication: 2013.12
    Author(s): 藤井　英次

    Type of books: Scholarly book
    Authorship：Sole author

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  • Language: English
    Title: "The Penn Effect: Decoupling and Re-coupling in the Price-Income Relationship?" in Global Interdependence, Decoupling, and Re-coupling, F. Westermann and Y.-W. Cheung (eds.), MIT Press.
    Publisher: MIT Press
    Date of publication: 2013.11
    Author(s): Eiji Fujii

    Type of books: Scholarly book
    Authorship：Sole author

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  • Language: English
    Title: "A Note on the Debate over Renminbi Undervaluation" in Y-.W. Cheung and Guonan Ma (eds.), Asia and China in the Global Economy
    Publisher: Wolrd Scientific Publishing Co.
    Date of publication: 2011.06
    Author(s): Yin-Wong Cheung, Menzie Chinn, and Eiji Fujii

    Type of books: Scholarly book
    Authorship：Joint author

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MISC 【 display / non-display 】

  • Language：Japanese
    Title:藤田誠一・松林洋一・北野重人編著 『グローバル・マネーフローの実証分析 ―金融危機後の新たな課題―』
    Journal name:国民経済雑誌  vol.第211  (第4)  (p.85 - 89)
    Date of publication:2015.04
    Author(s):藤井　英次

    Type of publication：Book review, literature introduction, etc.

  • Language：English
    Title:“East Asian Finance: The Road to Robust Markets - by Swati R. Ghosh”
    Journal name:Asian-Pacific Economic Literature, vol.21, no.1, May 2007.  vol.21  (1)  (p.72 - 73)
    Date of publication:2007.05
    Author(s):Eiji Fujii

    Type of publication：Book review, literature introduction, etc.

  • Language：English
    Title:“The Debate over Renminbi Undervaluation”
    Journal name:The Policy Report, Robert M. Lafollette School of Public Affairs, University of Wisconsin – Madison, October 2006.
    Date of publication:2006.10
    Author(s):Yin-Wong Cheung, Menzie Chinn, and Eiji Fujii

    Type of publication：Article, review, commentary, editorial, etc. (bulletin of university, research institution)

  • Language：English
    Title:“Financial Integration in East Asia - by Gordon de Brouwer”
    Journal name:Pacific Affairs, vol. 74, no. 4, January 2002.  vol.74  (4)  (p.582 - 583)
    Date of publication:2002.01
    Author(s):Eiji Fujii

    Type of publication：Book review, literature introduction, etc.

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Other research activities 【 display / non-display 】

  • Title:Review of “East Asian Finance: The Road to Robust Markets - by Swati R. Ghosh”
    Date：2007.05

    Classification of research achievement:Book Review

  • Title:Review of “Financial Integration in East Asia - by Gordon de Brouwer”
    Date：2002.01

    Classification of research achievement:Book Review

  • Title:書評　『グローバル・マネーフローの実証分析—金融危機後の新たな課題—』
    Date：2015.04

    Classification of research achievement:Book Review

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Awards 【 display / non-display 】

  • Prize: Outstanding Teaching Assistant Award
    Date awarded:1996
    Country:United States
    Award type:Other
    Awarding organization：University of California, Santa Cruz

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Research Projects 【 display / non-display 】

  • Research category:基盤研究(C)
    Project year：2024.04 - 2028.03
    Title:景気循環と外貨準備のダイナミックス：資産・政策ツールの統合的分析

  • Research category:Grant-in-Aid for Scientific Research(C)
    Project year：2018.04 - 2022.03
    Title:対外債務と通貨エクスポージャー：債務危機への非伝統的アプローチ

  • Research category:Grant-in-Aid for Scientific Research(C)
    Project year：2018.04 - 2022.03
    Title:対外債務と通貨エクスポージャー：債務危機への非伝統的アプローチ

  • Research category:Grant-in-Aid for Scientific Research(B)
    Project year：2013.04 - 2017.03
    Title:グローバル化を巡る市場と政府・政策のパラドックス：整合性、補完性、代替性の分析

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  • Research category:Grant-in-Aid for Scientific Research(C)
    Project year：2008.04 - 2012.03
    Title:世界経済の構造変化と経常収支の不均衡に関する研究（研究課題番号20530263）

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Presentations 【 display / non-display 】

  • Language:English
    Conference name:New York State Economics Association 78th Annual Conference
    International/Domestic presentation:International presentation
    Holding date：2025.11
    Presentation date：2025.11.08
    Title:Cyclicality of International Reserves, Exchange Rate Flexibility, and Output Volatility
    Presentation type:Oral presentation (general)

  • Language:English
    Conference name:BEPA Speakers Series, State University of New York at Buffalo
    Holding date：2025.11
    Presentation date：2025.11.07
    Title:Cyclicality of International Reserves, Exchange Rate Flexibility, and Output Volatility
    Presentation type:Public lecture, seminar, tutorial, course, or other speech

  • Language:English
    Conference name:Bond Business School Seminar
    Holding date：2023.09
    Presentation date：2023.09.06
    Title:International Borrowing and Lending: A Cyclicality Perspective
    Presentation type:Public lecture, seminar, tutorial, course, or other speech

  • Language:English
    Conference name:Center for Risk Research International Economics Seminar
    International/Domestic presentation:Domestic presentation
    Holding date：2019.07
    Title:Currency portfolio of external debt, exchange rate cyclicality, and consumption volatility
    Presentation type:Oral presentation (general)

  • Language:English
    Conference name:International Workshop of Methods in International Finance Network
    International/Domestic presentation:International presentation
    Holding date：2018.11
    Title:Denomination Portfolio of External Debt, Exchange Rate Cyclicality and Consumption Volatility
    Presentation type:Oral presentation (general)

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Teaching Experience (Off-campus) 【 display / non-display 】

  • Subject：国際金融
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  • Subject：Japanese Economy and Economic Policy
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  • Subject：経済学入門
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  • Subject：国際貿易
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  • Subject：International Finance
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Committee Memberships 【 display / non-display 】

  • Organization name:日本学術振興会
    Committee name:科研費・基盤研究（S）審査意見提供者
    Date：2018.12 - 2019.01

  • Organization name:経済産業研究所(RIETI)
    Committee name:研究成果外部評価委員
    Date：2015.11 - 2016

  • Organization name:日本学術振興会
    Committee name:科学研究費委員会専門委員（第2段審査　金融・ファイナンス）
    Date：2014.01 - 2015.12

  • Organization name:日本経済学会
    Committee name:代議員
    Date：2013.04 - 2015.03

  • Organization name:日本経済学会
    Committee name:大会プログラム委員
    Date：2013.04 - 2014.03

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Media Coverage 【 display / non-display 】

  • Title:“The Overvaluation of Renminbi Undervaluation” in The Economist
    Period：2007.05

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