How Proximate and ‘Meta‐institutional’ Contexts Shape Institutional Change: Explaining the Rise of the  P eople's  B ank of  C hina | Zendy

Bell Stephen | Zendy; Feng Hui | Zendy

Open Access

How Proximate and ‘Meta‐institutional’ Contexts Shape Institutional Change: Explaining the Rise of the P eople's B ank of C hina

Author(s) -

Bell Stephen,

Feng Hui

Publication year - 2014

Publication title -

political studies

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 1.406

H-Index - 83

eISSN - 1467-9248

pISSN - 0032-3217

DOI - 10.1111/1467-9248.12005

Subject(s) - institutionalism , historical institutionalism , institutional change , china , dialectic , hierarchy , power (physics) , positive economics , institutional theory , sociology , economic system , political economy , state (computer science) , political science , economics , epistemology , politics , market economy , public administration , social science , law , physics , philosophy , quantum mechanics , algorithm , computer science

This article charts and explains the rising authority of the P eople's B ank of C hina ( PBC ) within the steep hierarchy of the party state. The PBC ‘s rise is explained by using a version of historical institutionalism which focuses on the dialectical or mutually shaping relationships between agents, institutions and wider contexts over time. Particular emphasis is placed on the way in which wider contexts such as crises, power distributions, ideational agendas and structural economic change shaped institutional change at the PBC . Theoretically, this approach moves beyond treating institutional contexts in an ad hoc manner, as existing theory does, and unifies the treatment of contexts within an agent‐centred version of historical institutionalism.

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