Besedeš, Tibor; Goldbach, Stefan; Nitsch, Volker - 2021
Sanctions restrict cross-border interactions and therefore, not only put political and economic pressure on the target … country, but also adversely affect the sender country. This paper examines the effect of financial sanctions on the country … imposing them. We analyze the business responses of German non-financial entities to the imposition of sanctions on 23 …