Showing 1 - 10 of 48
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
Given the importance of firm strategic management in time of crises, this study investigates Micro, Small, and Medium Enterprises (MSMEs) survival strategies during the international sanctions against Iran. Using data from a questionnaire of 486 firms between December 2019 to September 2020, we...
Persistent link: https://www.econbiz.de/10012815811
What actions should we expect countries to take when engaged in economic warfare? This paper first shows that the goal of winning a war implies a very simple and intuitive objective of economic warfare: maximize one's own less the opponent's (weight-adjusted) payoff. This objective function is...
Persistent link: https://www.econbiz.de/10014283915
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
We analyze the effect of state visits by the Catholic pope on human rights in the host country to understand how a small theocracy like the Vatican can exert disproportionate political influence in international politics. Our theoretical model of the strategic interaction between the Catholic...
Persistent link: https://www.econbiz.de/10012886560
Motivated by the European Union's debate on sanctioning crude oil imports from Russia, we estimate the elasticity of substitution between different crude oil types. Using European data on country-level crude oil imports by field of origin, we argue that crude oil is not a homogenous good and...
Persistent link: https://www.econbiz.de/10014364721
We review the literature on geoeconomics, defined as the field of study that links economics and geopolitics (power rivalry). We describe what geoeconomics is and which questions it addresses, focusing on five main subfields. First, the use of geoeconomic policy tools such as sanctions and...
Persistent link: https://www.econbiz.de/10015164635
quarterly data on internal conflict and its three subcomponents (civil disorder, terrorism, and civil war) as well as a sanction … intensity index, we find that an unexpected increase in sanction intensity causes an increase in both civil disorder and … terrorism risk. In contrast, the risk of civil war declines after an increase in sanction intensity. These findings for Iran …
Persistent link: https://www.econbiz.de/10015164683
sanctioned states and show that, on average, an additional sanction decreases contemporaneous real GDP per capita in target …
Persistent link: https://www.econbiz.de/10013284882
A two-tier climate club exploits the comparative advantage of large countries to mete out punishments through trade, while taking their capacity to resist punishment as a constraint. Countries outside the coalition price carbon at a fixed fraction of the average carbon price adopted within the...
Persistent link: https://www.econbiz.de/10013285515