The politics of bank failures in Russia

Arbeitspapier

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.

Angaben zum Objekt

• ISBN: 978-952-323-415-4
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: BOFIT Discussion Papers ; No. 7/2022

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior ; Socialist Institutions and Their Transitions: Financial Economics
• Thema: bank failure ; election ; Russia

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Fungáčová, Zuzana ; Karas, Alexei ; Solanko, Laura ; Weill, Laurent
• Ereignis: Veröffentlichung
• (wer): Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT)
• (wo): Helsinki
• (wann): 2022

Weitere Informationen

• Handle: http://hdl.handle.net/10419/265337
• URN: urn:nbn:fi:bof-202209131374
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ