We study a bank run in India in which private bank branches experience sudden and considerable loss of deposits that … on bank-firm relationships and branch balance sheets. The flight to safety is not a flight to quality. Lending shrinks …

The possibility of creating a state bank has received much recent attention in the United States. In 2021, six states … introduced legislation to create a state bank; in 2019, similar legislation was enacted in California for municipal banks. This … to traditional private banking and identifies five questions determining the advisability of creating a state bank. The …