Research

Liquidity in Financial Networks 
Computational Economics, January 2020, 55 (1), 253-301.

Does a Central Clearing Counterparty Reduce Liquidity Needs?
Journal of Economic Interaction and Coordination, April 2018, 13(1), 9–50. 

Settlement Fund Circulation Problem (joint with Toshimasa Ishii, Hirotaka Ono, Yushi Uno)    Discrete Applied Mathematics, July 2019, 265, 86-103.
  (extended abstract: Proceedings of the 28th International Symposium on Algorithms and Computation (ISAAC 2017), December 9-12, 2017 - Phuket, Thailand, Yoshio Okamoto and Takeshi Tokuyama (Eds.) LIPICS Vol. 92)

How a Liquidity Saving Mechanism Affects Bank Behavior in Interconnected Payment Networks
  Journal of Economic Interaction and Coordination, Volume 20, pages 41–71,(2025).

Electronic Word-of-Mouth: a Survey From an Economics Perspective (joint with Naoshi Doi) INTERNATIONAL JOURNAL OF THE ECONOMICS OF BUSINESS, April 2020, 27 (2) 303 - 320.

- work in progress: 

 "A Monetary Perspective on Sectoral Growth and Inequality: - Analysis on the Mechanism of Inflation, Bubble and Boom -   "
"Introducing Community Cryptocurrency in Sequential Fund Transfer Scheme" (joint with Jun Maekawa)