The Macroeconomic Consequences of International Financial Sanctions

Javier Bianchi and Cesar Sosa-Padilla

AEA Papers and Proceedings, 2023, vol. 113, 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.

JEL-codes: E42 F13 F32 F34 F38 F51 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1257/pandp.20231042

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