-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 …

candidate to win an election, even though his main agenda item (i.e., postal privatization) is strongly opposed by special …