Liquidity Hoarding and Politics: The Role of Elections

IF 0.7 Q3 ECONOMICS

JOURNAL OF QUANTITATIVE ECONOMICS Pub Date : 2024-01-18 DOI:10.1007/s40953-023-00378-3

引用次数: 0

Abstract

Using data for 1992–2020, the paper assesses the role of elections on liquidity hoarding by Indian commercial banks. The findings reveal that liquidity hoarding typically increases during election years, driven primarily by an increase on the asset side of their balance sheet. Such behaviour manifests mainly for public and private banks and much less for foreign banks. The evidence also indicates a cyclical pattern in the evolution of liquidity hoarding, such that it increases in the run-up to the elections.

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流动性囤积与政治：选举的作用

摘要本文利用 1992-2020 年的数据，评估了选举对印度商业银行囤积流动性的影响。研究结果表明，在选举年，流动性囤积通常会增加，其主要驱动力是资产负债表资产端的增加。这种行为主要表现在公共银行和私人银行上，而外资银行则少得多。证据还表明，流动性囤积的演变存在周期性模式，即在大选前会增加。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

JOURNAL OF QUANTITATIVE ECONOMICS ECONOMICS-

CiteScore

1.10

自引率

0.00%

发文量

期刊介绍： The Journal of Quantitative Economics (JQEC) is a refereed journal of the Indian Econometric Society (TIES). It solicits quantitative papers with basic or applied research orientation in all sub-fields of Economics that employ rigorous theoretical, empirical and experimental methods. The Journal also encourages Short Papers and Review Articles. Innovative and fundamental papers that focus on various facets of Economics of the Emerging Market and Developing Economies are particularly welcome. With the help of an international Editorial board and carefully selected referees, it aims to minimize the time taken to complete the review process while preserving the quality of the articles published.