Updated on 2025/09/30
Ph.D (Finance) ( University of Tsukuba )
University of Tsukuba Graduate School of Social Engineering doctor course completed
Keio University Economics Department graduated
2019.4 -
"Professor, Faculty of Commerce, Chuo University"
2018.4 - 2019.3
"Associate Professor, Graduate School of Business Administration, Hitotsubashi University."
2011.10 - 2018.3
"Associate Professor, Graduate School of Commerce and Management, Hitotsubashi University"
2014.9 - 2016.8
"Visiting Scholar, Kellogg School of Management, Northwestern University"
2009.12 - 2011.9
"Associate Professor, Graduate School of Humanities and Social Sciences, University, of Tsukuba"
2007.4 - 2009.11
"Assistant Professor, Graduate School of Humanities and Social Sciences, University, of Tsukuba"
2003.4 - 2007.3
"Assistant Professor, Graduate School of Economics, Hitotsubashi University"
Nippon Finance Association
Japan Society of Monetary Economics
Quantitative Finance
Asset Pricing
Humanities & Social Sciences / Money and finance / Money/Finance
An Equilibrium Model of Term Structures of Bonds and Equities Reviewed
Hideyuki Takamizawa
International Review of Financial Analysis 84 ( 102356 ) 1 - 17 2022.11
How Arbitrage-Free is the Nelson-Siegel Model under Stochastic Volatility? Reviewed
Hideyuki Takamizawa
International Review of Economics and Finance 79 205 - 223 2022.2
A term structure model of interest rates with quadratic volatility Reviewed
Hideyuki Takamizawa
Quantitative Finance 18 ( 7 ) 1173 - 1198 2018.7
Predicting Interest Rate Volatility Using Information on the Yield Curve Reviewed
Hideyuki Takamizawa
International Review of Finance 15 ( 3 ) 347 - 386 2015.9
Impact of No-Arbitrage on Interest Rate Dynamics
Hideyuki Takamizawa
HCFR Working Paper Series G-1-5 1 - 53 2015.5
Term Structure Models Can Predict Interest Rate Volatility. But How?
Hideyuki Takamizawa
Tsukuba Economics Working Papers No. 2010-008 1 - 80 2011.4
An Approximation of European Option Prices under General Diffusion Processes
Hideyuki Takamizawa
Tsukuba Economics Working Papers No. 2009-008 1 - 25 2011.2
Hideyuki Takamizawa, Isao Shoji
Journal of Economic Dynamics and Control 33 ( 1 ) 65 - 77 2009.1
Is nonlinear drift implied by the short end of the term structure? Reviewed
Hideyuki Takamizawa
Review of Financial Studies 21 ( 1 ) 311 - 346 2008.1
A simple measure for examining the proxy problem of the short-rate Reviewed
Hideyuki Takamizawa
Asia-Pacific Financial Markets 14 ( 4 ) 341 - 361 2007.12
On the Accuracy of Local Linear Approximation for the Term Structure of Interest Rates (jointly worked) Reviewed
Hideyuki Takamizawa, Isao Shoji
Quantitative Finance 4 ( 2 ) 151 - 157 2004.9
Modeling the Term Structure of Interest Rates with General Short-Rate Models (jointly worked) Reviewed
Hideyuki Takamizawa, Isao Shoji
Finance and Stochastics 7 ( 3 ) 323 - 335 2003.4
Approximation of Nonlinear Term Structure Models (jointly worked) Reviewed
Hideyuki Takamizawa, Isao Shoji
Journal of Derivatives 8 ( 3 ) 44 - 51 2001.4
ファイナンスのための統計学入門：連載第６回「期待値と無裁定価格」
髙見澤 秀幸
経済セミナー ( 670 ) 88 - 99 2013.2
ファイナンスのための統計学入門：連載第５回「誤るを知る」
髙見澤 秀幸
経済セミナー ( 669 ) 101 - 112 2012.12
ファイナンスのための統計学入門：連載第４回「消せるリスク、消せないリスク」
髙見澤 秀幸
経済セミナー ( 668 ) 98 - 108 2012.10
髙見澤 秀幸
経済セミナー ( 667 ) 88 - 100 2012.8
ファイナンスのための統計学入門：連載第２回「収益率を記述する」
髙見澤 秀幸
経済セミナー ( 666 ) 108 - 119 2012.6
ファイナンスのための統計学入門：連載第１回「部分から全体を知るには」
髙見澤 秀幸
経済セミナー ( 665 ) 86 - 95 2012.4
How Arbitrage-Free is the Nelson-Siegel Model under Stochastic Volatility?
Hideyuki Takamizawa
日本金融学会2019年度秋季大会 ( 甲南大学 ) 2019.10 日本金融学会
How Arbitrage-Free is the Nelson-Siegel Model under Stochastic Volatility? International conference
Hideyuki Takamizawa
The 31st Asian Finance Association Annual Meeting ( The University of Economics Ho Chi Minh City ) 2019.7 Asian Finance Association
An Equilibrium model of Term Structures of Bonds and Equities Invited
Hideyuki Takamizawa
中央大学・企業研究所 公開研究会 ( 中央大学 ) 2019.3
An Equilibrium model of Term Structures of Bonds and Equities
Hideyuki Takamizawa
東北大学・経済学研究科 応用統計計量ワークショップ ( 東北大学 ) 2019.2
An Equilibrium Model of Term Structures of Bonds and Equities International conference
Hideyuki Takamizawa
The 30th Asian Finance Association Annual Meeting ( Hitotsubashi Hall, Tokyo ) 2018.6 Asian Finance Association
An Equilibrium model of Term Structures of Bonds and Equities
Hideyuki Takamizawa
日本ファイナンス学会第25回大会 ( 千葉工業大学 ) 2017.6
An Equilibrium model of Term Structures of Bonds and Equities
Hideyuki Takamizawa
横浜国立大学近経研究会 ( 横浜国立大学 ) 2017.5
An Equilibrium model of Term Structures of Bonds and Equities International conference
Hideyuki Takamizawa
Kellogg Quantitative Finance Seminar ( Northwestern University Kellogg School of Management ) 2016.5
An Alternative Chanel of Long-Run Risks and Time-Varying Risk Premiums
髙見澤 秀幸
大阪大学金融・保険セミナーシリーズ ( 大阪大学 ) 2016.2
An Alternative Chanel of Long-Run Risks and Time-Varying Risk Premiums International conference
Hideyuki Takamizawa
Kellogg Quantitative Finance Seminar ( Northwestern University Kellogg School of Management ) 2015.12
Impact of No-arbitrage on Interest Rate Dynamics International conference
Hideyuki Takamizawa
Kellogg Quantitative Finance Seminar ( Northwestern University Kellogg School of Management ) 2014.12
Impact of No-arbitrage on Interest Rate Dynamics
髙見澤 秀幸
東京大学応用統計ワークショップ ( 東京大学 ) 2014.4
Impact of No-arbitrage on Interest Rate Dynamics
髙見澤 秀幸
横浜国立大学・南山大学共同ファイナンス・ワークショップ ( 横浜国立大学 ) 2013.11
Impact of No-arbitrage on Interest Rate Dynamics
髙見澤 秀幸
中之島ワークショップ ( 大阪大学 ) 2012.11
Is non-arbitrage relevant to volatility prediction using interest-rate data?
髙見澤 秀幸
一橋大学金融研究会 ( 一橋大学 ) 2011.10
Is non-arbitrage relevant to volatility prediction using interest-rate data?
髙見澤秀幸
日本統計学会 ( 九州大学 ) 2011.9
非線形金利期間構造モデルの近似
髙見澤秀幸
日本ファイナンス学会 第16回研究観望会 ( 金融財政事情研究会 ) 2009.3
Modeling the Term Structure of Interest Rates with General Diffusion Processes: A Moment Approximation Approach
髙見澤秀幸
日本金融証券計量工学学会 ( 中央大学 ) 2007.12
Interest Rate Volatility Implicit in Term Structure Data International conference
髙見澤秀幸
Fourth World Congress of the Bachelier Finance Society ( 東京・学術総合センター ) 2006.8
A Simple Measure for the Proxy Problem of the Short-Rate International conference
髙見澤秀幸
International Symposium on Financial Time Series ( Tokyo Metropolitan Univ ) 2004.2
Analytical Valuation of Swap Yield Curves
髙見澤秀幸
日本経済学会 ( 広島大学 ) 2002.10
非線形金利期間構造を記述した近似モデルの精度に関して
髙見澤秀幸
日本統計学会 ( 明星大学 ) 2002.9
丸淳子研究奨励賞
2019.6 Nippon Finance Association
Exchange Rate Risks and their Management for Japanese Investors
Grant number：24K04947 2024.4 - 2028.3
Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (C) Chuo University
Grant amount： \3640000 （ Direct Cost: \2800000 、 Indirect Cost： \840000 ）
配当期間構造の理論と実証
2018.4 - 2023.3
日本学術振興会 科学研究費助成事業 基盤研究(C)
Hideyuki Takamizawa
Authorship：Principal investigator Grant type：Competitive
Restructuring Global Financial Regulation and Crisis Management in the New Phase after the Global Financial Crisis
Grant number：17H02545 2017.4 - 2020.3
Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (B) Hitotsubashi University
Ogawa Eiji
Grant amount： \15340000 （ Direct Cost: \11800000 、 Indirect Cost： \3540000 ）
In this research project, we have made clear how global financial regulation and crisis management have been restructured in the new phase after the Global Financial Crisis, from both macroeconomic and microeconomic viewpoints. Specifically, from the macroeconomic one, we investigated the global market behavior after the Crisis, in particular focusing our attention on the effects of various structural changes in investor sentiment, corporate finance, financial markets, and financial intermediation. On the other hand, from the microeconomic viewpoint, we investigated the effects of the structural changes on the corporate financial behavior. In consequence, we drew some policy implications, by synthesizing the results obtained from the two viewpoints. These results are useful for actual policy conducting. We published them widely in the world through international conferences and academic journals and books.
2015.4 - 2018.3
日本学術振興会 科学研究費助成事業 基盤研究(C)
Hideyuki Takamizawa
Authorship：Principal investigator Grant type：Competitive
The Global Financial Crisis and Its Effects on Currencies and Finance: Evaluation Methods Revisited
Grant number：25285098 2013.4 - 2016.3
Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Grant-in-Aid for Scientific Research (B) Hitotsubashi University
OGAWA Eiji, TAKAOKA Koichiro, NAKAMURA Hisashi, TAKAMIZAWA Hideyuki, KOBAYASHI Kenta, MISUMI Takashi, IKEMORI Toshifumi
Grant amount： \17420000 （ Direct Cost: \13400000 、 Indirect Cost： \4020000 ）
Since the recent global financial crisis, it has been a pressing need to develop new models of valuation of interest rates and exchange rates. To fill the need, this research project investigated structural changes of financial systems and monetary/exchange rate policies and explored new valuation methods of asset pricing under financial frictions (such as default, information costs, and behavioral inefficiencies). Moreover, from the research work, we drew political implications of financial markets, financial regulation and monetary/exchange rate policies. We published a book, which collected the research papers produced in this research project, entitled "The Global Financial Crisis and Its Effects on Currencies and Finance: Evaluation Methods Revisited" (In Japanese. University of Tokyo Press, March 2016).
2011.4 - 2013.3
Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Young Scientists (B)
Hideyuki Takamizawa
Authorship：Principal investigator Grant type：Competitive
Predictability of interest rates: An examination using dynamic term structure models
2009.4 - 2011.3
Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Young Scientists (B)
Hideyuki Takamizawa
Authorship：Principal investigator Grant type：Competitive
Estimation of interest rate processes
Grant number：18730143 2006.4 - 2009.3
Japan Society for the Promotion of Science Grants-in-Aid for Scientific Research Young Scientists (B)
Hideyuki Takamizawa
Authorship：Principal investigator Grant type：Competitive
