Published on: 2015-09-01
Kellee Sing Tsai
PhD, Columbia University
Head, Division of Social Science
Chair Professor, Division of Social Science
Tel (852) 2358 7782
AREAS OF EXPERTISE
Chinese politics, Political economy of development, Informal finance, Internet finance, Private sector development, Sub-national models of political economy, China-India comparison, Remittances
Prior to joining HKUST, Professor Tsai was Vice Dean for Humanities and Social Sciences (2010-13) and Professor of Political Science at Johns Hopkins University. As Director of the East Asian Studies Program (2008-10) at Hopkins, she led the establishment of two new programs in Nanjing, China, Hopkins-China STEM and Hopkins-in-Nanjing. Tsai is regarded as an authority on informal finance in China and the impact of adaptive informal institutions on endogenous institutional change. Her current research concerns the political economy of remittances and ethnic foreign direct investment in China and India.
SELECTED PAPERS & PUBLICATIONS
- State Capitalism, Institutional Adaptation, and the Chinese Miracle, co-edited with Barry Naughton (New York and London: Cambridge University Press, 2015).
- CAPITALISM WITHOUT DEMOCRACY: The Private Sector in Contemporary China (Ithaca: Cornell University Press, 2007). Chinese translation published by Zhejiang People’s Publishing House, Hangzhou, China, 2012.
- Japan and China in the World Political Economy, co-edited with Saadia Pekkanen (New York: Routledge, 2005).
- Nongyehua yu minjian jinrong: Wenzhou de jingyan [Rural industrialization and informal finance: Wenzhou’s experience], co-authored with Wang Xiaoyi and Li Renqing (Taiyuan: Shanxi jingji chubanshe, 2004).
- BACK-ALLEY BANKING: Private Entrepreneurs in China (Ithaca: Cornell University Press, 2002; paperback in 2004). Chinese translation published by the Center for Contemporary China Series, National Tsing Hua University, Taipei, Taiwan, 2007.
- "The Political Economy of State Capitalism and Shadow Banking in China," Issues and Studies 51, 1 (March 2015).
- “China's Political Economy and Political Science,” Perspectives on Politics 11, 2 (June 2013).
- “The Politics of Ambiguity in Asia's Sovereign Wealth Funds,” (co-authored with Saadia M. Pekkanen) Business and Politics 13, 2 (August 2011).
- “Friends, Family, or Foreigners? The Political Economy of Diasporic FDI and Remittances in China and India,” China Report 47, 2 (May 2011).
- “Adaptive Informal Institutions and Endogenous Institutional Change in China,” World Politics 59 (October 2006): 116-141.
- “Imperfect Substitutes: The Local Political Economy of Informal Finance and Microfinance in Rural China and India,” World Development 32, 9 (September 2004): 1487-1507.
[Review] Book Review Roundtable: Nicolas R. Lardy's Markets over Mao: The Rise of Private Business in China with comments from IEMS' Kellee Tsai
[IEMS Working Paper] Financing Small and Medium Enterprises in China: Recent Trends and Prospects beyond Shadow Banking by Kellee S. Tsai
[IEMS Working Paper] The Political Economy of State Capitalism and Shadow Banking in China by Kellee S. Tsai
[IEMS Media Coverage] Nonperforming loans of Chinese banks expected to continue increasing, says IEMS’ Kellee Tsai to SNL Financial
<< Permalink >>
View full brief (PDF)
Prof. Tsai analyses the major sources and scope of China’s off-balance sheet lending, offering policy suggestions on how to reduce some of the risks associated with such “shadow banking” activities, such as increasing market access in the services sector and setting up channels for debt issuance by local governments.
[Bio] Kellee Tsai
[IEMS Working Papers] The Political Economy of State Capitalism and Shadow Banking in Chinachina, china politics, financial inclusion, Politics in China, shadow banking