Abstract

This survey aims at briefly summarising key findings of the recent literature dealing with politics and banking. The interplay between banks and politics has received increasing interest in recent years following Dinc (2005) on the influence of elections on bank lending. It focusses on two questions: the influence of elections on bank behaviour, and the interconnections between democracy and banking. Two key findings emerge from the literature. First, elections exert an influence on the banking industry. They affect bank lending and bank failures, with electoral cycles leading to economic costs. Second, democracy has a beneficial impact on the credit conditions of firms. This work provides a roadmap for future research to investigate the political interference in private banks’ behaviour and in developed countries.

摘要

本调查旨在简要总结近期有关政治和银行业的文献的主要发现。在 Dinc（2005 年）关于选举对银行贷款的影响之后，银行与政治之间的相互作用近年来受到越来越多的关注。它关注两个问题：选举对银行行为的影响，以及民主与银行业之间的相互联系。文献中出现了两个关键发现。首先，选举对银行业产生影响。它们影响银行贷款和银行倒闭，选举周期导致经济成本。其次，民主对企业的信用状况有有益的影响。这项工作为未来研究调查私人银行行为和发达国家的政治干预提供了路线图。