| Project/Area Number |
20K13438
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| Research Category |
Grant-in-Aid for Early-Career Scientists
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| Allocation Type | Multi-year Fund |
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| Review Section |
Basic Section 06020:International relations-related
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| Research Institution | Waseda University |
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Principal Investigator |
Seddon Jack 早稲田大学, 政治経済学術院, 准教授 (00865800)
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| Project Period (FY) |
2020-04-01 – 2025-03-31
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| Project Status |
Granted (Fiscal Year 2023)
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| Budget Amount *help |
¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000)
Fiscal Year 2023: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2022: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2021: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
Fiscal Year 2020: ¥260,000 (Direct Cost: ¥200,000、Indirect Cost: ¥60,000)
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| Keywords | Benchmarks / Oil and energy / Financial markets / Institutional change / Price reporting agencies / Legibility / Comparative analysis / Various countries / China US comparison / Financial benchmarks / Economic performance |
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| Outline of Research at the Start |
If financial benchmarks, like any political and economic system, can manifest in either good or bad market regulation the question is what explains the difference? When will benchmark operators invest in high standards? What explains when, and why, scamming and cheating will trump legal and market-reputational concerns? Taking a political-organizational and comparative historical approach, this project will seek to elaborate a set of theoretical, practical and historical lessons that can better inform the ongoing policy debate around the governance of financial benchmarks.
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| Outline of Annual Research Achievements |
1 2024, Into the ether or the state? Legibility theory and the cryptocurrency markets, Business and Politics, Online First, with Miles Kellerman. 2 2023, Market self-organization and the invisible hand of politics in global risk-trading, Review of International Political Economy, 30(1), 98-126. 3 2020, Merchants against the bankers: The nancialization of a commodity market, Review of International Political Economy, 27(3), 525-555. 4 2024, Pipelines, politics, and prices: Market governance in the age of oil price benchmarks, Unpublished WP. 5 2024, Legibility agents: The structural power of information providers', Unpublished WP, with Miles Kellerman.
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| Current Status of Research Progress |
Current Status of Research Progress
2: Research has progressed on the whole more than it was originally planned.
Reason
The project has now began to gather momentum on the back of valuable data aquisitions and feild research.
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| Strategy for Future Research Activity |
I have three research activities planned. First, In intend to take the ECPR Introduction to Social Network Analysis couse in July 2024 since I have come to recognize that benchmarks might be best analysed as a network structure. Second, I plan a research visit to Holland to work with my co-author Miles Kellerman at Leiden University. Last, I plan a visit to Singapore to visit the Platts oil market conference.
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