This paper examines the effect of financial sanctions on cross-border capital flows. While sanctions can be expected to hinder international transactions, thereby putting political and economic pressure on a target country, we study the patterns of adjustment in bilateral financial relationships...

Most efforts to detect the consequences of divided government in German federalism by analyzing legislative statistics have been unsuccessful. Therefore, there is still much debate in Germany about the gridlock potential of divided government, as there is in the United States. Using a...