Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/265337 
Year of Publication: 
2022
Series/Report no.: 
BOFIT Discussion Papers No. 7/2022
Publisher: 
Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT), Helsinki
Abstract: 
Russia has witnessed a high number of bank failures over the last two decades. Using monthly data for 2002-2020, spanning four election cycles, we test the hypothesis that bank failures are less likely before presidential elections. We find that bank failures are less likely to occur in the twelve months leading up to an election. However, we do not observe election cycles in bank failures are more pronounced for banks associated with greater political costs. Overall, our results provide mixed evidence that political cycles matter for the occurrence of bank failures in Russia.
Subjects: 
bank failure
election
Russia
JEL: 
G21
D72
P34
Persistent Identifier of the first edition: 
ISBN: 
978-952-323-415-4
Document Type: 
Working Paper

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