| Budget Amount *help |
¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000)
Fiscal Year 2013: ¥390,000 (Direct Cost: ¥300,000、Indirect Cost: ¥90,000)
Fiscal Year 2012: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2011: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
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| Research Abstract |
One of the important characteristics of global financial governance that draws the attention of international political economists is its informality. In informal governance institutions such as G groups and the Basel Committee, power and normative factors play a prime role in complementing the lack of formal and legal authority. For understanding this paradoxical situation, the framework of normative hierarchy is introduced. In this hierarchy Western major powers such as the United States, Britain and Germany are norm suppliers. Their role in informal financial governance is to teach other states to how to choose polices. By contrast Asian states such as China are norm demanders. Their behavior in informal governance is to learn how to choose policies.
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