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Financial sanctions, alongside economic sanctions, are components of the toolkit used by governments as part of … international diplomacy. The use of sanctions, especially financial, has increased over the last seventy years. Financial sanctions …. Financial sanctions restrict entities-countries, businesses, or even individuals-from purchasing or selling financial assets, or …
Persistent link: https://www.econbiz.de/10013490641
In the wake of Russia's invasion of Ukraine, EU policymakers are weighing the costs and benefits of restrictions on … with Russia, and on terms of trade with the rest of the world—and also reflects the EU's desire to damage the Russian … revenue. While for policymakers willing to accept large enough costs to the EU in order to harm Russia, the optimal tariff is …
Persistent link: https://www.econbiz.de/10013290455
effects of sanctions are about fifteen times larger on Russia than on Europe. Second, the effects within Europe are enormously …We propose a data-based approximation of the effects of trade sanctions. We validate the approximation by comparing it …. As such it provides a practical shortcut to evaluating the consequences of trade sanctions without having to make …
Persistent link: https://www.econbiz.de/10014358683
While broad economic sanctions have long been used as instruments of foreign policy, targeted sanctions focusing on … under sanctions where the target government may be incentivized to “shield” some firms from the full brunt of sanctions …. Then, using detailed firm and individual-level data, this paper empirically estimates the impact of targeted sanctions …
Persistent link: https://www.econbiz.de/10014033929
In an interconnected world, economic and political interests inevitably reach beyond national borders. Since policy choices generate external economic and political costs, foreign state and non-state actors have an interest in inflencing policy actions in other sovereign countries to their...
Persistent link: https://www.econbiz.de/10011987983
renewed US pressure on banks from third countries dealing with Russia. The effectiveness of trade sanctions crucially hinges … countries. Our calculations suggest that in 2023, the share of sanctioned CHP items that Russia was able to obtain ranged from …
Persistent link: https://www.econbiz.de/10015065631
Geography, economic size, or common history, help predicting signed regional trade agreements (RTAs). However, not all signed RTAs are "natural" according to economic determinants. En-dogeneity and general equilibrium effects of RTAS are the two mechanisms addressed in this paper. We estimate...
Persistent link: https://www.econbiz.de/10011822134
approach, focusing on the utilities and dis-utilities of sanctions in general or on a specific sanction. While this paper also … aspects of sanction policy, the paper also applies other ethical approaches to evaluate whether sanctions pass the ethical …Numerous articles have been written on economic sanctions over the past few decades. Most papers take an overall …
Persistent link: https://www.econbiz.de/10012980254
The remarkable increase in the use of economic sanctions as a coercive tool of foreign policy over the past quarter … quantifying the economic effects of sanctions and/or understanding the reasons for their success or failure. Interestingly, the … sanctions literature has failed to answer convincingly a seemingly simple but fundamental question: Why are sanctions used in …
Persistent link: https://www.econbiz.de/10015135110
goods and weight of machinery exported to Russia were significantly higher with sanctions in place suggesting that their …Geographic neighbors of sanctioned countries (targets) may suffer from indirect effects of sanctions or benefit by … helping targets circumvent restrictions. I study the effects of sanctions on trade among neighbors and targets using data from …
Persistent link: https://www.econbiz.de/10015053774