{"id":196,"date":"2021-04-30T06:32:45","date_gmt":"2021-04-29T21:32:45","guid":{"rendered":"http:\/\/www.e.okayama-u.ac.jp\/en\/?page_id=196"},"modified":"2022-04-22T15:11:44","modified_gmt":"2022-04-22T06:11:44","slug":"post6","status":"publish","type":"page","link":"https:\/\/www.e.okayama-u.ac.jp\/en\/education\/post6","title":{"rendered":"Lecture: \u2018New Monetary Theory \u2013from Japan\u2019s First Circulated Coinage to Virtual Currencies\u2019"},"content":{"rendered":"\n<p>The School of Economics at Okayama University held a lecture titled \u201cNew Monetary Theory \u2013from Japan\u2019s First Circulated Coinage to Virtual Currencies\u201d at the 50th Anniversary Hall on July 3, 2020. It was a great success with roughly 400 people including students of the School of Economics, graduate students and faculty of the Graduate School of Humanities and Social Sciences and participants from outside filling the building\u2019s Konko Hall to capacity. Prior to the lecture, Professor Youichiro Higashi, who chairs the School of Economics, and Professor Zhang Xingyuan, Dean of the School of Economics addressed the audience. The featured lecturer, Makoto Yano, discussed many points such as how we tend to think of money as paper currency or coins, but in fact, data, as represented by savings account passbooks fulfill the role of currencies; and how the characteristics of virtual currencies, which bring down the cost of currency issuance remarkably, affect the economy. He related, \u201cAs a result of the development of application of virtual currency technology, we must seriously consider how central banks\u2019 monetary policies will differ in future economies from the present and in what ways public welfare can be expected to improve.\u201d The participants listened with great interest. After the lecture they had a lively question and answer session.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.e.okayama-u.ac.jp\/en\/wp-content\/uploads\/2021\/04\/post6.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<p class=\"has-text-align-center\"><img decoding=\"async\" src=\"https:\/\/www.e.okayama-u.ac.jp\/en\/wp-content\/uploads\/2021\/04\/post6-2.jpg\"><br>At the lecture<\/p>\n\n\n\n<p>July 3, 2019 \uff08Wed.\uff09 Grand Lecture<br>16:30 to 18:10 50th Anniversary Hall (Konko Hall)<br>Lecturer: Dr. Makoto Yano (President, Research Institute of Economy, Trade<br>and Industry, Professor by Appointment at Kyoto University)<br>Title: New Monetary Theory \u2013from Japan\u2019s First Circulated Coinage to Virtual<br>Currencies<br>Target audience: students, faculty, staff and the general public<br>For inquiries, contact: School of Economics, Okayama University (Tel: 086-251-7552)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The School of Economics at Okayama University held a lecture titled \u201cNew Monetary Theory \u2013from Japan\u2019s First C [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":142,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-lay3.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-196","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.e.okayama-u.ac.jp\/en\/wp-json\/wp\/v2\/pages\/196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.e.okayama-u.ac.jp\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.e.okayama-u.ac.jp\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.e.okayama-u.ac.jp\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.e.okayama-u.ac.jp\/en\/wp-json\/wp\/v2\/comments?post=196"}],"version-history":[{"count":2,"href":"https:\/\/www.e.okayama-u.ac.jp\/en\/wp-json\/wp\/v2\/pages\/196\/revisions"}],"predecessor-version":[{"id":539,"href":"https:\/\/www.e.okayama-u.ac.jp\/en\/wp-json\/wp\/v2\/pages\/196\/revisions\/539"}],"up":[{"embeddable":true,"href":"https:\/\/www.e.okayama-u.ac.jp\/en\/wp-json\/wp\/v2\/pages\/142"}],"wp:attachment":[{"href":"https:\/\/www.e.okayama-u.ac.jp\/en\/wp-json\/wp\/v2\/media?parent=196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}