As long as finance is a mainly domestic affair, what people want in a bank run is local money--and, guess what, the government is able to print as much as it wants.
In case of a bank run, the country could run out of money.
mnli hypothesis: In case of a bank run, the country could run out of money. premise: As long as finance is a mainly domestic affair, what people want in a bank run is local money--and, guess what, the government is able to print as much as it wants.