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Displaying results 1 to 5 of 5.

  1. Smart or smash?
    the effect of financial sanctions on trade in goods and services
    Author: Besedeš, Tibor; Goldbach, Stefan; Nitsch, Volker
    Published: [2023]
    Publisher:  Technische Universität Darmstadt, Darmstadt, Germany

    We examine the extent to which financial sanctions imposed by Germany through its European Union and United Nations commitments cause collateral damage on Germany's trade in goods and services. Financial sanctions reduce Germany's inflows and... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 53
    Inter-library loan:
    No inter-library loan

     

    We examine the extent to which financial sanctions imposed by Germany through its European Union and United Nations commitments cause collateral damage on Germany's trade in goods and services. Financial sanctions reduce Germany's inflows and outflows of financial assets, as well as imports and exports of goods and services. The relative effects on trade in goods and services are weaker than on financial assets, about half as large in the case of goods and two-thirds as large in the case of services. The effect on trade in goods is entirely due to episodes where financial sanctions are accompanied by export restrictions of specific goods. In the case of services trade, only exports are affected by financial sanctions once export restrictions are considered. The primary channel through which sanctions affect the three types of cross-border flows is the extensive margin. Anticipation effects are quite strong for financial assets and weak for services and goods.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/278735
    Series: Darmstadt discussion papers in economics ; Nr. 244
    Subjects: sanction; restriction; cross-border transaction; trade in goods; trade in services; financial flows
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  2. Covid-19 and international trade
    evidence from New Zealand
    Author: Nitsch, Volker
    Published: [2022]
    Publisher:  Technische Universität Darmstadt, Darmstadt, Germany

    The impact of the Covid-19 pandemic on international trade varies along several dimensions, including the type of product, the size of firm and over time. In this note, I provide evidence of systematic variation in the trade response to the pandemic... more

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    Verlag (kostenfrei)
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 53
    Inter-library loan:
    No inter-library loan

     

    The impact of the Covid-19 pandemic on international trade varies along several dimensions, including the type of product, the size of firm and over time. In this note, I provide evidence of systematic variation in the trade response to the pandemic along another, previously unexplored dimension, the mode of transportation. Analyzing daily data from New Zealand, I find that the value of seaborne exports and imports increases relative to shipments by air during pandemic lockdowns. While this finding is consistent with many explanations, including the sensitivity of trade to external finance, it generally provides support for the importance of frictions on the supply side.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/260547
    Series: Darmstadt discussion papers in economics ; Nr. 243
    Subjects: coronavirus; pandemic; lockdown; restriction; shipments
    Scope: 1 Online-Ressource (circa 14 Seiten), Illustrationen
  3. Smart or smash?
    the effect of financial sanctions on trade in goods and services
    Author: Besedeš, Tibor; Goldbach, Stefan; Nitsch, Volker
    Published: [2022]
    Publisher:  Deutsche Bundesbank, Frankfurt am Main

    We examine the extent to which financial sanctions imposed by Germany through its European Union and United Nations commitments cause collateral damage on Germany’s trade in goods and services. Financial sanctions reduce Germany’s inflows and... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 12
    Inter-library loan:
    No inter-library loan

     

    We examine the extent to which financial sanctions imposed by Germany through its European Union and United Nations commitments cause collateral damage on Germany’s trade in goods and services. Financial sanctions reduce Germany’s inflows and outflows of financial assets, as well as imports and exports of goods and services. The relative effects on trade in goods and services are weaker than on financial assets, about half as large in the case of goods and two-thirds as large in the case of services. The effect on trade in goods is entirely due to episodes where financial sanctions are accompanied by export restrictions of specific goods. In the case of services trade, only exports are affected by financial sanctions once export restrictions are considered. The primary channel through which sanctions affect the three types of cross-border flows is the extensive margin. Anticipation effects are quite strong for financial assets and weak for services and goods.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9783957298997
    Other identifier:
    hdl: 10419/261384
    Series: Discussion paper / Deutsche Bundesbank ; no 2022, 28
    Subjects: sanction; restriction; cross-border transaction; trade in goods; trade in services financial flows
    Scope: 1 Online-Ressource (circa 39 Seiten)
  4. Cheap talk?
    financial sanctions and non-financial firms
    Author: Besedeš, Tibor; Goldbach, Stefan; Nitsch, Volker
    Published: [2021]
    Publisher:  Technische Universität Darmstadt, Darmstadt, Germany

    Sanctions restrict cross-border interactions and therefore, not only put political and economic pressure on the target country, but also adversely affect the sender country. This paper examines the effect of financial sanctions on the country... more

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    Verlag (kostenfrei)
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    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 53
    Inter-library loan:
    No inter-library loan

     

    Sanctions restrict cross-border interactions and therefore, not only put political and economic pressure on the target country, but also adversely affect the sender country. This paper examines the effect of financial sanctions on the country imposing them. We analyze the business responses of German non-financial entities to the imposition of sanctions on 23 countries over the period from 1999 through 2014. Examining highly disaggregated, monthly data from the German balance of payments statistics, we find four main results. First, German financial activities with sanctioned countries are reduced after the imposition of sanctions. Second, firms doing business with sanctioned countries tend to be disproportionately large, often having alternative business opportunities. Third, firms affected by sanctions expand their activities with non-sanctioned countries, some of which display close trade ties to the sanctioned country. Fourth, we find no effect of sanctions on broader measures of firm performance such as employment or total sales. Overall, we conclude that the economic costs of financial sanctions to the sender country are limited.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/232290
    Series: Darmstadt discussion papers in economics ; Nr. 239
    Subjects: sanction; restriction; cross-border transaction
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  5. Smart or smash?
    the effect of financial sanctions on trade in goods and services
    Author: Besedeš, Tibor; Goldbach, Stefan; Nitsch, Volker
    Published: August 2023
    Publisher:  CESifo, Munich, Germany

    We examine the extent to which financial sanctions imposed by Germany through its European Union and United Nations commitments cause collateral damage on Germany's trade in goods and services. Financial sanctions reduce Germany's inflows and... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63
    Inter-library loan:
    No inter-library loan

     

    We examine the extent to which financial sanctions imposed by Germany through its European Union and United Nations commitments cause collateral damage on Germany's trade in goods and services. Financial sanctions reduce Germany's inflows and outflows of financial assets, as well as imports and exports of goods and services. The relative effects on trade in goods and services are weaker than on financial assets, about half as large in the case of goods and two-thirds as large in the case of services. The effect on trade in goods is entirely due to episodes where financial sanctions are accompanied by export restrictions of specific goods. In the case of services trade, only exports are affected by financial sanctions once export restrictions are considered. The primary channel through which sanctions affect the three types of cross-border flows is the extensive margin. Anticipation effects are quite strong for financial assets and weak for services and goods.

     
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/279386
    Series: CESifo working papers ; 10635 (2023)
    Subjects: sanction; restriction; cross-border transaction; trade in goods; trade in services; financial flows
    Scope: 1 Online-Ressource (circa 42 Seiten), Illustrationen