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Cheap talk? : financial sanctions and non-financial activity

Besedeš, Tibor; Goldbach, Stefan; Nitsch, Volker - 2018

Sanctions restrict cross-border interactions and, therefore, not only put political and economic pressure on the target country, but they also adversely affect the sender country. This paper examines the effect of financial sanctions on the country imposing them. In particular, we analyze the...

Persistent link: https://www.econbiz.de/10011855643

Smart or smash? : the effect of financial sanctions on trade in goods and services

Besedeš, Tibor; Goldbach, Stefan; Nitsch, Volker - 2023

We examine the extent to which financial sanctions imposed by Germany through its European Union and United Nations commitments cause collateral damage on Germany's trade in goods and services. Financial sanctions reduce Germany's inflows and outflows of financial assets, as well as imports and...

Persistent link: https://www.econbiz.de/10014336477

Opportunity versus necessity entrepreneurship : two components of business creation

Fairlie, Robert W.; Fossen, Frank M. - 2018

-cyclical pattern is examined by separating business creation into two components: "opportunity" and "necessity" entrepreneurship … operational definition of opportunity versus necessity entrepreneurship using readily available nationally representative data. We … consistent with the standard theoretical economic model of entrepreneurship. Using this definition we document that "opportunity …

Persistent link: https://www.econbiz.de/10011789099