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Date
Time
5:00 pm to 7:00 pm
Venue
Russell Square: College Buildings
Room
Djam Lecture Theatre (DLT)

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In this presentation, Prof Katsushi Tabata will examine economic and financial stability using MSF (Master Stability Function). 

MSF is a recently developed tool in network analysis, which allows us to analyse the topological relationship between trade and international financial investment (Equity and Bonds) to assess the stability of the global economy. 

Recent studies have shown that financial crises do not arise from a single network but rather from the interaction of multiple networks. Following this perspective, we will analyze multiple networks, focusing on trade and finance. The main focus of this presentation is not MSF itself, but rather how it can be used to discuss the global economy, including Japan, China, Asia, and the UK. 

Many perceive Asia as a dynamic region with strong investment enthusiasm. However, in reality, underinvestment is a serious issue for the sustainable economy in the long run. This phenomenon is also observed in Japan and China, and some business experts suggest that it may be influenced by the characteristics of Asian societies. We will not discuss Asian characteristics but rather explore why Asia tends to suffer from underinvestment and how economic and financial stability plays a crucial role in this issue. 

I believe there are two major economic systems that emphasize stability and can be locally adapted to Asia: the Japanese Type and the Chinese Type. Which type should Asia adopt? While the Japanese model is often considered the better choice, it is not necessarily the correct answer. This will be the key theme of the discussion. Furthermore, economic analysis using MSF is a novel approach that has not yet been fully established. 

About the speaker

Katsushi Tabata is currently Professor at the Faculty of Economics, Aichi University. He holds a PhD from Chiba University (2009), and a Master's from Waseda University (1987). He held positions such as a private sector economist and Professor at Nishogakusha University before becoming a professor at the Faculty of Economics, Aichi University in 2018. 

He also participated in multiple projects with organizations such as the Asian Development Bank.

Header image: Jezael Melgoza via Unsplash

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