Faculty Experts - A. Maria Toyoda, Ph.D.

A. Maria Toyoda, Ph.D.
Associate Professor
Associate Dean for Interdisciplinary Studies and Global Initiatives
Villanova University College of Liberal Arts and Sciences

Area of Expertise:

  • East Asian Economy and Politics
  • Political Economy of Finance
  • Foreign Aid
  • Japanese Politics


With China and India on a trajectory to become major economic, political and cultural global influences, Dr. Toyoda's area of specialty in East Asian Studies is particularly germane in putting breaking events of the region into context. Her understanding of foreign aid, finance and economics gives Toyoda's assessments special insight into a developing area that is on the brink of playing a major role on the world stage.


  • Ph.D., Georgetown University
  • M.A., Georgetown University
  • B.A., Stanford University

Selected Publications

  • Toyoda, A. Maria, with Quinn, Dennis P and Schlinder, Martin, “Measuring Capital And Financial Current Account Openness.” With Dennis Quinn and Martin Schindler. In The Evidence and Impact of Financial Globalization, Gerald Caprio, Ed.; Stijn Classens and Sergio Smuckler, Section Eds. Academic Press (Elsevier), 2012. 
  • Toyoda, A. Maria, with Quinn, Dennis P and Schlinder, Martin, “Assessing Measures of Financial Openness and Integration” IMF Economic Review 59: 488-522, 2011.
  • Toyoda, A. Maria, “Reforming Japan’s Government Financial Institutions,” in The Evolution of Japan’s Party System: Politics and Policy in an Era of Institutional Change.” Leonard Schoppa, Ed.  University of Toronto Press.
  • Toyoda, A. Maria,“The Unheard Giant: Japan’s Missing Voice in the ODA Debate.” Japan Chair Platform. Center for Security and International Studies, 2010.
  • Toyoda, A. Maria, with Quinn, Dennis P., "Does Capital Account Liberalization Lead to Growth?" Review of Financial Studies, 21 (3) May 2008: 1403-1449.
  • Toyoda, A. Maria, "The Softer Side of Hard Infrastructure: Capacity Building of Public Administration Through Japanese ODA Loan Projects," Expert Monitor, Tokyo: Japan Bank for International Cooperation: 44.

Selected Professional Experience

  • Visiting Scholar, International Monetary Fund, Research Department
  • Council on Foreign Relations, Hitachi International Affairs Fellow
  • Visiting Researcher, Japan Bank for International Cooperation, Tokyo, Japan
  • Research Scholar, Institute for International Studies and Stanford Japan Center - Research, Kyoto, Japan, and Stanford University, Calif.
  • Acting Executive Director, Inter-University Center for Japanese Language Studies, Yokohama, Japan and Stanford, Calif.
  • Political Science Lecturer, Stanford University
  • Associate Director, Asia/Pacific Scholars Program, Stanford University
  • Lecturer in Government, Georgetown University

Selected Research

  • Council on Foreign Relations International Affairs Fellow, Japan (Sponsored by the Hitachi Corporation)
  • Shibusawa Foundation Conference Grant
  • ICSEAD Research Grant
  • Sibusawa Foundation Research Grant
  • Monbusho Fellowship awarded by the Japanese Ministry of Education


  • 2013 Japan Foundation, Study Tour Grant, “Japan Transforming”
  • 2012 Villanova College of Arts and Sciences Faculty Development Grant 
  • 2011 Northeast Asia Council/Japan-US Friendship Commission Travel Grant
  • 2011 Center for Global Leadership, Villanova School of Business Travel Grant
  • 2010 Villanova College of Arts and Sciences Faculty Development Grant
  • 2010 Center for Global Partnership/Center for Strategic and International Studies Japan Fellow, Washington, DC
  • 2009 Association for Asian Studies Council on Conferences Outreach Grant
  • 2009 Villanova University Faculty Development Grant
  • 2008, 2009 International Monetary Fund, Research Department, Nonresident Visiting Scholar
  • 2006-07 Council on Foreign Relations, International Affairs Fellow, Japan (Sponsored by the Hitachi Corporation)
  • 2007 Japan Bank for International Cooperation, Project Evaluation Department, Tokyo, Japan, Visiting Researcher
  • 2006 Shibusawa Foundation Conference Grant

About Villanova
Since 1842, Villanova University’s Augustinian Catholic intellectual tradition has been the cornerstone of an academic community in which students learn to think critically, act compassionately and succeed while serving others.  There are more than 10,000 undergraduate, graduate and law students in the University's six colleges – the College of Liberal Arts and Sciences, the Villanova School of Business, the College of Engineering, the College of Nursing the Villanova University School of Law, and The College of Professional Studies. As students grow intellectually, Villanova prepares them to become ethical leaders who create positive change everywhere life takes them.

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