The Macroeconomic Consequences of International Financial Sanctions
AEA Papers and Proceedings
vol. 113,
May 2023
(pp. 29-32)
Abstract
Financial sanctions have emerged as powerful weapons in the current geopolitical landscape. In this paper, we use a graphical framework to trace their macroeconomic implications, highlighting lessons for the status of the US dollar as a reserve currency, sovereign debt crises, and the fragmentation of capital flows.Citation
Bianchi, Javier, and Cesar Sosa-Padilla. 2023. "The Macroeconomic Consequences of International Financial Sanctions." AEA Papers and Proceedings, 113: 29-32. DOI: 10.1257/pandp.20231042Additional Materials
JEL Classification
- E42 Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
- F13 Trade Policy; International Trade Organizations
- F32 Current Account Adjustment; Short-term Capital Movements
- F34 International Lending and Debt Problems
- F38 International Financial Policy: Financial Transactions Tax; Capital Controls
- F51 International Conflicts; Negotiations; Sanctions