China's Banking Regulation and State Rational Choice
从国家主义视角,用新制度主义和整体主义方法,分析中国银行业监管的核心特征:银行作为发展工具且国家控制股权和人事,揭示其是国家为保持经济发展而理性选择的制度安排。
The banking regulation in China has its own special conditions and context.Existing theories cannot explain its core features-banking industry acting as a means of economic development and state keeping control over its equities and personnel arrangements.This study examines those features based on a statism perspective, employing a neo-institutional methodology combined with holism.It is shown that the banking regulation reflects the state infrastructural power that is rationally chosen by state for keeping its economic development The author argues that the regulation has played an important role in the economic development,although facing some problems.Its future depends on the rational and dynamic adjustments of state capacity.