Showing 1 - 10 of 4,352
Persistent link: https://www.econbiz.de/10013480864
Regulators often rely on self-reported data to determine compliance. Tolerance for missingness in self-monitoring data may create incentives for local agents to strategically decide when (not) to monitor regulated activities. This paper builds a framework to detect whether local governments skip...
Persistent link: https://www.econbiz.de/10012510614
We develop a theory of bank board risk committees. With this theory, such committees are valuable even though there is no expectation that bank risk is lower if the bank has a well-functioning risk committee. As predicted by our theory (1) many large and complex banks voluntarily chose to have a...
Persistent link: https://www.econbiz.de/10012599396
Penalties for tax evasion are typically financial, but many jurisdictions also utilize collateral sanctions that deny access to some government-provided service. To learn about the effectiveness of such penalties, we examine a U.S. policy restricting passport access for taxpayers with...
Persistent link: https://www.econbiz.de/10012599319
has been enhanced by the demonstration that the United States is willing and able to sanction misbehavior. Geopolitically …
Persistent link: https://www.econbiz.de/10013191038
This paper explores the role of restrictions on the use of international reserves as economic sanctions. We develop a simple model of the strategic game between a sanctioning (creditor) country and a sanctioned (debtor) country. We show how the sanctioning country should impose restrictions...
Persistent link: https://www.econbiz.de/10013191083
when Germany was going from victory to victory, was successful in helping keep Spain neutral because it forced the Franco … regime to rethink the costs of joining the war. Pre-emptive buying of wolfram was also successful. It forced Germany to pay … Germany, was not fully realized. Several special circumstances, in particular the naval blockade and the tendency of sanctions …
Persistent link: https://www.econbiz.de/10012470668
Using both the onset of the US-China trade war in 2018 and the most recent Russia-Ukraine war and associated trade tensions, we show a counterintuitive pattern in global trade. Namely, while the average firm trading with these nations significantly decreases their trade with these jurisdictions...
Persistent link: https://www.econbiz.de/10014576650
We survey a representative sample of the U.S. population to understand stakeholders' desire to see their firms exit Russia after the invasion of Ukraine. 61% of respondents think that firms should exit Russia, regardless of the consequences. Only 37% think that leaving Russia is a purely...
Persistent link: https://www.econbiz.de/10013477220
The COVID-19 pandemic as well as the Russian invasion of Ukraine have had profound effects on the global energy landscape, with some of the longer-lasting effects still unfolding. This paper discusses how these events have reshaped the supply side of the global oil market by focusing on...
Persistent link: https://www.econbiz.de/10014322883