We study a bank run in India in which private bank branches experience sudden and considerable loss of deposits that … seek safety in state-owned public sector banks (PSBs). We trace the consequences of this reallocation using granular data … on bank-firm relationships and branch balance sheets. The flight to safety is not a flight to quality. Lending shrinks …

country banks through its positive impact on the value of sovereign bonds. However, the regained stability of the European … banking sector has not fully transferred into economic growth. We show that zombie lending behavior of banks that still …

Launched in Summer 2012, the European Central Bank (ECB)'s Outright Monetary Transactions (OMT) program indirectly … recapitalized European banks through its positive impact on periphery sovereign bonds. However, the stability reestablished in the … banking sector did not fully translate into economic growth. We document zombie lending by banks that remained …