Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/323038 
Year of Publication: 
2022
Series/Report no.: 
U.S.E. Working Papers Series No. 22-06
Publisher: 
Utrecht University, Utrecht University School of Economics (U.S.E.), Utrecht
Abstract: 
We study whether bank failure probability systematically varies over the election cycle in Russia. Using monthly data for 2002-2020 and controlling for standard bank risk indicators we find that bank failure is less likely during periods preceding presidential elections. We explore whether this effect is more pronounced for banks whose failure is associated with greater political costs, such as important players in the household deposit market or important players in regional markets. We find no evidence for this latter effect. Overall, our results provide mixed evidence that political cycles matter for the occurrence of bank failures in Russia.
Subjects: 
Bank Failure
Election
Russia
Document Type: 
Working Paper

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