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On Wars, Sanctions and Sovereign Default / Javier Bianchi, César Sosa-Padilla.
- Format:
- Book
- Author/Creator:
- Bianchi, Javier.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w29989.
- NBER working paper series no. w29989
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2022.
- Summary:
- This paper explores the role of restrictions on the use of international reserves as economic sanctions. We develop a simple model of the strategic game between a sanctioning (creditor) country and a sanctioned (debtor) country. We characterize how the sanctioning country should impose restrictions optimally, internalizing the geopolitical benefits and the potential losses of a default by the sanctioned country.
- Notes:
- Print version record
- April 2022.
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