Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Scientific Publication In Electronic Form |
| Scope | Discipline-based scholarship |
| Title | "Crime and punishment": How Russian banks anticipated and dealt with global financial sanctions |
| Organization Unit | |
| Authors |
|
| Language |
|
| Place of Publication | London |
| Publisher | VoxEU, CEPR Policy Portal |
| Date | 2021 |
| Abstract Text | Financial sanctions against Russia’s state-owned and controlled banks were imposed consecutively between 2014 and 2019, allowing banks that would potentially be targeted in the future to adjust their international and domestic exposures. This column explores the informational effects of financial sanctions, showing that compared to similar private banks, ‘not yet sanctioned’ financial institutions immediately reduced their foreign assets while, rather unexpectedly, expanding their foreign liabilities. These informational effects crucially depend on geography, with targeted banks located further from Moscow decreasing their foreign assets by more and raising foreign liabilities by less than those located near the Kremlin. |
| Free access at | Official URL |
| Official URL | https://voxeu.org/article/how-russian-banks-anticipated-and-dealt-global-financial-sanctions |
| Other Identification Number | merlin-id:21124 |
| Export |
BibTeX
EP3 XML (ZORA)
|