regulatory independence of the central bank dampens the positive effect of elections on bank lending around election years while … higher during election years, and reduce lending patterns thereafter. The study shows that countries that enforce monetary … they amplify the reductive effects on bank lending after election periods. There is a wake-up call for countries with weak …

We study the short-run effect of elections on monetary aggregates in a sample of 85 low and middle income democracies … (1975 - 2009). We find an increase in the growth rate of M1 during election months of about one tenth of a standard … is related to systemic vote buying which requires significant amounts of cash at election times. The finely timed …

We provide new evidence on the short-run effect of elections on monetary aggregates. We study month … increase in the growth rate of M1 during election months of about one tenth of a standard deviation. A similar effect can … neither be detected in established OECD democracies nor in the months leading up to the election. The effect is larger in …