Is globalization being derailed by opponents? Result of this event study analysis of the 1997 fast-track denial suggest that investors (1) may have perceived fast-track as a debate on globalization and (2) appear to have expected financial losses to result from the failure to enact fast-track....

Introduction 1. - Economic Coercion in Theory and Practice 8 . - Evaluating Sanction Effectiveness 32 . - Why Does the President Sanction? Beyond the Conventional Wisdom 59 . - When Does the President Sanction? An Empirical Analysis 90 . - Is There a Target Selection Bias? 132 . - The Decision...