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On Wars, Sanctions and Sovereign Default
Javier Bianchi
Cesar Sosa Padilla
出版
National Bureau of Economic Research
, 2022
URL
http://books.google.com.hk/books?id=2uV50AEACAAJ&hl=&source=gbs_api
註釋
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.
