Goldbach, Stefan; Nitsch, Volker - In: econPol Forum : a bi-monthly journal on European … 24 (2023) 3, pp. 19-22
Financial sanctions are effective. They have a strong and immediate negative effect on direct financial flows with the sanctioned country. Financial sanctions imposed by a subset of countries, such as the European Union alone, face a higher risk of sanctions evasion, as opposed to sanctions...