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the economies of Russia and the euro area. The effects of sanctions are analyzed with a structural vector autoregression …The conflict between Russia and Ukraine that started in March 2014 led Western countries and Russia to impose economic … sanctions on each other, including the euro zone members. The paper investigates the impact of the sanctions on the real side of …
Persistent link: https://www.econbiz.de/10012010273
Persistent link: https://www.econbiz.de/10014280487
This paper analyzes the effect of undervaluation on economic growth in the presence of borrowing constraints. Based on a two-sector, small open-economy model, we show that undervaluation can promote economic growth by partly correcting distortions in financial markets through the channels of...
Persistent link: https://www.econbiz.de/10012961372
We discuss past performance and future challenges for the countries of Central and Eastern Europe (CEE). We highlight the successful convergence process of those countries, not least thanks to their integration into European and global value chains. As the external environment changes, so...
Persistent link: https://www.econbiz.de/10014555560
In this paper, we empirically assess how economic sanctions imposed by the UN and the US affect the target states' GDP … growth. Our sample includes 68 countries and covers the period 1976-2012. We find, first, that sanctions imposed by the UN … have a statistically and economically significant influence on economic growth. On average, the imposition of UN sanctions …
Persistent link: https://www.econbiz.de/10011374064
In this paper, we empirically assess how economic sanctions imposed by the UN and the US affect the target states' GDP … growth. Our sample includes 68 countries and covers the period 1976-2012. We find, first, that sanctions imposed by the UN … have a statistically and economically significant influence on economic growth. On average, the imposition of UN sanctions …
Persistent link: https://www.econbiz.de/10010356172
In this paper, we empirically assess how economic sanctions imposed by the UN and the US affect the target states' GDP … growth. Our sample includes 68 countries and covers the period 1976 - 2012. We find that sanctions imposed by the UN have a … statistically and economically significant influence on economic growth, but that the effect of US sanctions is less clear. On …
Persistent link: https://www.econbiz.de/10010336190
In this paper, we empirically assess how economic sanctions imposed by the UN and the US affect the target states' GDP … growth. Our sample includes 68 countries and covers the period 1976–2012. We find, first, that sanctions imposed by the UN … have a statistically and economically significant influence on economic growth. On average, the imposition of UN sanctions …
Persistent link: https://www.econbiz.de/10013056309
Direct measures of the economic impact of sanctions are contaminated by the endogeneity that arises when other events … sanctions. To address this issue, we propose a novel instrument, sender's aggressiveness, captured by the number of sanctions … imposed in a given year. After establishing the validity of this instrument, we quantify the impact of sanctions on growth in …
Persistent link: https://www.econbiz.de/10013284882
Although international sanctions are a widely used instrument of coercion, their economic effects are still not well … sanctions, thereby visualizing pre-treatment and treatment dynamics in countries subject to sanctions. Our analysis focuses on … the effects of sanctions on GDP growth as well as on various transmission channels through which sanctions suppress …
Persistent link: https://www.econbiz.de/10012499680