Artikel
On the economic effects of financial sanctions: Evidence from Germany
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 imposed by the United Nations. Financial sanctions tend to be smart, with their effects mostly concentrated on the targeted activity. There is limited evidence that financial sanctions create collateral damage by reducing trade in goods and services. Domestic firms doing business with sanctioned countries tend to be large enough to divert their activities to alternative business opportunities with non-sanctioned countries when sanctions are imposed.
- Language
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Englisch
- Bibliographic citation
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Journal: EconPol Forum ; ISSN: 2752-1184 ; Volume: 24 ; Year: 2023 ; Issue: 3 ; Pages: 19-22
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Goldbach, Stefan
Nitsch, Volker
- Event
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Veröffentlichung
- (who)
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CESifo GmbH
- (where)
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Munich
- (when)
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2023
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Goldbach, Stefan
- Nitsch, Volker
- CESifo GmbH
Time of origin
- 2023
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