These notes are transcribed from a commentary on a paper by Sean Starrs, titled 'State and Capital: False Dichotomy But … Still Inter-Related'. Both the paper and the commentary were presented as part of an integrated panel series on 'Capital as … Starrs claims that we need to discard our notion of the 'state of capital'. The gist of his argument is simple enough …

We investigate ownership effects on capital and adjustments speed to the target capital ratio in China from 2000 to … 2012 and find that state-owned banks hold higher levels of capital than banks of other ownership types. Foreign banks are … nationwide presence. Foreign banks adjust risk-weighted capital towards their optimal targets at a slower speed than domestic …