This study examines the effect of regulatory independence of the central bank in shaping the impact of electoral cycles on bank lending behaviour in Africa. It employs the dynamic system Generalized Method of Moments (SGMM) Two-Step estimator for a panel dataset of 54 African countries over the...

How do recession episodes experienced by central bankers in their impressionable years influence their monetary policy decision making during election periods? Using a large data of central bankers (from developed and developing countries) over the period 2000M1 to 2017M12, we find that central...