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Global Financial Sanctions: An Empirical Application with a Game Theory Approach

Author

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  • Yaşar Köse

    (Turkish Military Academy)

Abstract

In this study, it has been aimed to reveal that financial sanc¬tions within the frame of a “game theory” that is used by any state or a group of states for the realization of its demand from another state or a group of states without using any military forces can be analyzed. It has been specified that there could be a combination of strategy that creates an equilibrium with the strategies developed by the country applying financial sanctions and the target country. In the case study analyzed, a 4X3 winning matrix that reflects three strategies for Russia and four strategies for USA and EU is created in addition to make an evaluation for proposed analytical model.

Suggested Citation

  • Yaşar Köse, 2015. "Global Financial Sanctions: An Empirical Application with a Game Theory Approach," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 30(103), pages 10-20, April.
    • Handle: RePEc:acc:malfin:v:30:y:2015:i:103:p:10-20
    DOI: https://doi.org/10.33203/mfy.307215
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