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 …

Traditional infrastructure regulation—the law of regulated industries—rests atop three pillars: rate regulation, entry … distinctive function of banks. Bank regulation can therefore be understood as a subfield of infrastructure regulation. With few …