The Development and Transformation of the People’s Republic of China’s Financial System
(2018)
Preprint / Working Paper
Tobin, D., & Volz, U. The Development and Transformation of the People’s Republic of China’s Financial System. Tokyo
All Outputs (19)
Technical Self-Sufficiency, Pricing Independence: A Penrosean perspective on China’s Emergence as a Major Oil Refiner since the 1960s (2018)
Journal Article
Tobin, D. (2019). Technical Self-Sufficiency, Pricing Independence: A Penrosean perspective on China’s Emergence as a Major Oil Refiner since the 1960s. Business History Review, 61(4), 681-702. https://doi.org/10.1080/00076791.2017.1413095International embargos and the withdrawal of Soviet technical expertise had by the early 1960s effectively engrained China’s approach to energy and technical self-sufficiency. Chinese officials cited reasons similar to those advanced by Edith Penrose... Read More about Technical Self-Sufficiency, Pricing Independence: A Penrosean perspective on China’s Emergence as a Major Oil Refiner since the 1960s.
Review of 'Reforms in China’s Monetary Policy: A Frontbencher’s Perspective' by SUN GUOFENG (2016)
Journal Article
Tobin, D. (2016). Review of 'Reforms in China’s Monetary Policy: A Frontbencher’s Perspective' by SUN GUOFENG. The China Quarterly, 225(March), 261-262. https://doi.org/10.1017/+S0305741016000072
Continuity and Pragmatism: How Chinese State-Owned Banks adapted to Hong Kong’s Free Market (1949-1978) (2016)
Journal Article
Tobin, D. Continuity and Pragmatism: How Chinese State-Owned Banks adapted to Hong Kong’s Free Market (1949-1978). Journal of Contemporary Asia, 46(2), 267-285. https://doi.org/10.1080/00472336.2015.1123283One of the puzzling features of China’s post-1978 economic reforms is how quickly its enterprises adapted to the new business environment. An insight into this puzzle is provided by Chinese state-owned banks in Hong Kong. From 1949-78 these banks, le... Read More about Continuity and Pragmatism: How Chinese State-Owned Banks adapted to Hong Kong’s Free Market (1949-1978).
Renminbi Internationalisation: Precedents and Implications (2013)
Journal Article
Tobin, D. (2013). Renminbi Internationalisation: Precedents and Implications. Journal of Chinese Economic and Business Studies, 11(2), 81-99. https://doi.org/10.1080/14765284.2013.789677While it is commonly assumed that there are no known precedents against which to benchmark the internationalisation of the Renminbi (RMB), this paper argues that the PRCs own development experience provides a useful perspective on the internationalis... Read More about Renminbi Internationalisation: Precedents and Implications.
The renminbi as an international currency: the next instalment of China’s economic reforms (2013)
Journal Article
Tobin, D. (2013). The renminbi as an international currency: the next instalment of China’s economic reforms. Journal of Chinese Economic and Business Studies, 11(2), 79-79. https://doi.org/10.1080/14765284.2013.789679"The renminbi’s value is kept stable while the currencies of the capitalist countries are in a state of constant fluctuation … A growing number of countries and regions now use the renminbi to quote prices and settle accounts in trade and other deali... Read More about The renminbi as an international currency: the next instalment of China’s economic reforms.
Pricing Reforms and Capacity Constraints in China’s Petrochemical Sector (2012)
Journal Article
Tobin, D. (2012). Pricing Reforms and Capacity Constraints in China’s Petrochemical Sector. Oxford energy forum, 15-16As an economy where the state continues to exercise control over the procurement of a wide range of goods
and services, China offers a fascinating example of how economic necessity,mostly as a result of rapid growth in
manufacturing, has forced the... Read More about Pricing Reforms and Capacity Constraints in China’s Petrochemical Sector.
The Anglo-Saxon paradox: corporate governance best practices and the reform deficit in China's banking sector (2012)
Journal Article
Tobin, D. (2012). The Anglo-Saxon paradox: corporate governance best practices and the reform deficit in China's banking sector. Journal of Chinese Economic and Business Studies, 10(2), 147-168. https://doi.org/10.1080/14765284.2012.673780Corporate governance is now a key concern in China’s banking sector. Its importance is related to the important policy questions of how to foster economic growth without increasing inflation in an environment where monetary guidance does not function... Read More about The Anglo-Saxon paradox: corporate governance best practices and the reform deficit in China's banking sector.
Austerity and Moral Compromise: Lessons from the Development of China’s Banking System (2011)
Journal Article
Tobin, D. (2011). Austerity and Moral Compromise: Lessons from the Development of China’s Banking System. World Development, 39(5), 700-711. https://doi.org/10.1016/j.worlddev.2010.10.002China’s state-owned banks have demonstrated a tremendous capacity for change, but their implications for development policy are often unclear. The paper examines why the pre-reform banking system based on moral compromise almost seamlessly changed to... Read More about Austerity and Moral Compromise: Lessons from the Development of China’s Banking System.
A Crisis of Ethics: Moral Hazard and Banking Regulation in Ireland (2010)
Report
Tobin, D. (2010). A Crisis of Ethics: Moral Hazard and Banking Regulation in IrelandThis think piece argues that before Ireland's banking crisis, the regulatory emphasis was focused on the integrity of the banking system as a whole and the behaviour of individual banks was largely ignored. Regulators placed their faith in market dat... Read More about A Crisis of Ethics: Moral Hazard and Banking Regulation in Ireland.
Government Policy and the Banking Crisis: Vindicated, Misled or Flying Blind? (2010)
Report
Tobin, D. (2010). Government Policy and the Banking Crisis: Vindicated, Misled or Flying Blind?Almost three years after the onset of Ireland's banking criris public disenchantment continues to increase, aggravated in part by the government's failure to provide a transparent examination for the crisis and an endless stream of revelations on the... Read More about Government Policy and the Banking Crisis: Vindicated, Misled or Flying Blind?.
International Listing as a Means to Mobilize the Benefits of Financial Globalization: Micro-Level Evidence from China (2009)
Journal Article
Tobin, D., & Sun, L. (2009). International Listing as a Means to Mobilize the Benefits of Financial Globalization: Micro-Level Evidence from China. World Development, 37(4), 825-838. https://doi.org/10.1016/j.worlddev.2008.07.013This paper proposes a micro-level framework to account for how firms in developing economies overcome domestic institutional constraints. It illustrates that the mechanisms enabling those firms to benefit from financial globalization are more complex... Read More about International Listing as a Means to Mobilize the Benefits of Financial Globalization: Micro-Level Evidence from China.
International Best Practices, Domestic Constraints and International Listing: Evidence from China’s State Banking Sector (2008)
Journal Article
Tobin, D., & Singh, S. (2008). International Best Practices, Domestic Constraints and International Listing: Evidence from China’s State Banking Sector. Journal of Chinese Economic and Business Studies, 6(4), 341-361. https://doi.org/10.1080/14765280802431746The objective of this paper is to gauge the extent to which Chinese state-owned commercial banks are converging with international best banking and corporate governance practices, with a particular focus on the policy of international listing given i... Read More about International Best Practices, Domestic Constraints and International Listing: Evidence from China’s State Banking Sector.
From Maoist Self-Reliance to International Oil Consumer: A Resource-Based Appraisal of the Challenges Facing China’s Petrochemical Sector (2008)
Journal Article
Tobin, D. (2008). From Maoist Self-Reliance to International Oil Consumer: A Resource-Based Appraisal of the Challenges Facing China’s Petrochemical Sector. Journal of Chinese Economic and Business Studies, 6(4), 363-383. https://doi.org/10.1080/14765280802431761Resource-based theories of the firm argue that the success of one firm over another is largely due to its resource endowments. Large enterprises have long been recognised as leading sources of learning, innovation and growth. This is not just restric... Read More about From Maoist Self-Reliance to International Oil Consumer: A Resource-Based Appraisal of the Challenges Facing China’s Petrochemical Sector.
Review of Kellee S. Tsai 'Capitalism without Democracy: The Private Sector in Contemporary China' (2008)
Journal Article
Tobin, D. (2008). Review of Kellee S. Tsai 'Capitalism without Democracy: The Private Sector in Contemporary China'. Asian Affairs, 39(2), 310-325. https://doi.org/10.1080/03068370802017947
Creating Order in the Absence of Formal Regulations and Law: a Historical perspective on Corporate Governance and the Joint Stock Company (2008)
Presentation / Conference Contribution
Tobin, D. (2008, April). Creating Order in the Absence of Formal Regulations and Law: a Historical perspective on Corporate Governance and the Joint Stock Company. Paper presented at ESRC Seminar on the Political Economy of Corporate Governance, Queens University Belfast
Corporate Governance and the Challenges of Economic Transition: The Case of Shanghai Petrochemical Company (2005)
Journal Article
Tobin, D. (2005). Corporate Governance and the Challenges of Economic Transition: The Case of Shanghai Petrochemical Company. Asian Case Research Journal, 9(1), 117-144. https://doi.org/10.1142/S0218927505000575A case study of Shanghai Petrochemical Company (SPC) is used to analyse how economic reforms in China have impacted on corporate governance and enterprise performance. Reforms have increased the level of competition and altered the corporate structur... Read More about Corporate Governance and the Challenges of Economic Transition: The Case of Shanghai Petrochemical Company.
Economic Liberalization, the Changing Role of the State and "Wagner's Law": China's Development Experience since 1978. (2005)
Journal Article
Tobin, D. (2005). Economic Liberalization, the Changing Role of the State and "Wagner's Law": China's Development Experience since 1978. World Development, 33(5), 729-43. https://doi.org/10.1016/j.worlddev.2004.12.001
International Listing as a Mechanism of Commitment to More Credible Corporate Governance Practices: the Case of the Bank of China (Hong Kong) (2005)
Journal Article
Tobin, D., & Sun, L. (2005). International Listing as a Mechanism of Commitment to More Credible Corporate Governance Practices: the Case of the Bank of China (Hong Kong). Corporate Governance: An International Review, 13(1), 81-91. https://doi.org/10.1111/j.1467-8683.2005.00405.xThis paper argues that the deeply rooted cause of poor corporate governance practices in Chinaís state-owned banks is the discretion enjoyed by policy makers to re-optimise their policy choices when they deem necessary and the consequent moral hazard... Read More about International Listing as a Mechanism of Commitment to More Credible Corporate Governance Practices: the Case of the Bank of China (Hong Kong).