Do sanctions trigger financial crises?
Author
Abstract
Suggested Citation
DOI: 10.1016/j.frl.2024.105467
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Felbermayr, Gabriel & Kirilakha, Aleksandra & Syropoulos, Constantinos & Yalcin, Erdal & Yotov, Yoto V., 2020.
"The global sanctions data base,"
European Economic Review, Elsevier, vol. 129(C).
- Felbermayr , Gabriel & Kirilakha, Aleksandra & Syropoulos , Constantinos & Yalcin , Erdal & Yotov, Yoto, 2020. "The Global Sanctions Data Base," School of Economics Working Paper Series 2020-2, LeBow College of Business, Drexel University, revised 30 May 2020.
- Carmen M. Reinhart & Graciela L. Kaminsky, 1999.
"The Twin Crises: The Causes of Banking and Balance-of-Payments Problems,"
American Economic Review, American Economic Association, vol. 89(3), pages 473-500, June.
- Reinhart, Carmen & Kaminsky, Graciela, 1999. "The twin crises: The causes of banking and balance of payments problems," MPRA Paper 14081, University Library of Munich, Germany.
- Reinhart, Carmen & Kaminsky, Graciela, 2000. "Las crisis gemelas: las causas de los problemas bancarios y de balanza de pagos [The twin crises: Te causes of banking and balance of payments problems]," MPRA Paper 13842, University Library of Munich, Germany.
- Dell'Ariccia, Giovanni & Ferreira, Caio & Jenkinson, Nigel & Laeven, Luc & Martin, Alberto & Minoiu, Camelia & Popov, Alexander, 2018.
"Managing the sovereign-bank nexus,"
Working Paper Series
2177, European Central Bank.
- Mr. Giovanni Dell'Ariccia & Caio Ferreira & Nigel Jenkinson & Mr. Luc Laeven & Alberto Martin & Ms. Camelia Minoiu & Alex Popov, 2018. "Managing the Sovereign-Bank Nexus," IMF Departmental Papers / Policy Papers 2018/016, International Monetary Fund.
- Luc Laeven & Fabian Valencia, 2020.
"Systemic Banking Crises Database II,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(2), pages 307-361, June.
- Luc Laeven & Fabián Valencia, 2013. "Systemic Banking Crises Database," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 61(2), pages 225-270, June.
- Carmen M. Reinhart & Graciela L. Kaminsky, 1999.
"The Twin Crises: The Causes of Banking and Balance-of-Payments Problems,"
American Economic Review, American Economic Association, vol. 89(3), pages 473-500, June.
- Graciela L. Kaminsky & Carmen M. Reinhart, 1996. "The twin crises: the causes of banking and balance-of-payments problems," International Finance Discussion Papers 544, Board of Governors of the Federal Reserve System (U.S.).
- Reinhart, Carmen & Kaminsky, Graciela, 1999. "The twin crises: The causes of banking and balance of payments problems," MPRA Paper 14081, University Library of Munich, Germany.
- Manasse, Paolo & Roubini, Nouriel, 2009.
""Rules of thumb" for sovereign debt crises,"
Journal of International Economics, Elsevier, vol. 78(2), pages 192-205, July.
- Nouriel Roubini & Paolo Manasse, 2005. "“Rules of Thumb” for Sovereign Debt Crises," IMF Working Papers 2005/042, International Monetary Fund.
- Paolo Manasse & Nouriel Roubini, 2005. "'Rules of Thumb' for Sovereign Debt Crises," International Finance 0509003, University Library of Munich, Germany.
- Dursun Peksen & Byunghwan Son, 2015. "Economic coercion and currency crises in target countries," Journal of Peace Research, Peace Research Institute Oslo, vol. 52(4), pages 448-462, July.
- Rupa Duttagupta & Mr. Paul Cashin, 2008. "The Anatomy of Banking Crises," IMF Working Papers 2008/093, International Monetary Fund.
- Roberto Savona & Marika Vezzoli, 2015.
"Fitting and Forecasting Sovereign Defaults using Multiple Risk Signals,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 77(1), pages 66-92, February.
- Roberto Savona & Marika Vezzoli, 2012. "Fitting and Forecasting Sovereign Defaults Using Multiple Risk Signals," Working Papers 2012_26, Department of Economics, University of Venice "Ca' Foscari".
- Jesús Crespo Cuaresma & Tomáš Slacík, 2008. "Determinants of Currency Crises: A Conflict of Generations?," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 126-141.
- Aydın, Suat & Tunç, Cengiz, 2023. "What is the most prominent reserve indicator that forewarns currency crises?," Economics Letters, Elsevier, vol. 231(C).
- Laborda, Ricardo & Laborda, Juan, 2017. "Can tree-structured classifiers add value to the investor?," Finance Research Letters, Elsevier, vol. 22(C), pages 211-226.
- T. Clifton Morgan & Constantinos Syropoulos & Yoto V. Yotov, 2023.
"Economic Sanctions: Evolution, Consequences, and Challenges,"
Journal of Economic Perspectives, American Economic Association, vol. 37(1), pages 3-30, Winter.
- Morgan, T. Clifton & Syropoulos, Constantinos & Yotov, Yoto, 2022. "Economic Sanctions: Evolution, Consequences, and Challenges," School of Economics Working Paper Series 2022-12, LeBow College of Business, Drexel University.
- Laeven, Luc & Valencia, Fabian, 2020. "Systemic Banking Crises Database: A Timely Update in COVID-19 Times," CEPR Discussion Papers 14569, C.E.P.R. Discussion Papers.
- Emre Hatipoglu & Dursun Peksen, 2018. "Economic Sanctions and Banking Crises in Target Economies," Defence and Peace Economics, Taylor & Francis Journals, vol. 29(2), pages 171-189, February.
- Afesorgbor, Sylvanus Kwaku, 2019. "The impact of economic sanctions on international trade: How do threatened sanctions compare with imposed sanctions?," European Journal of Political Economy, Elsevier, vol. 56(C), pages 11-26.
- Biglaiser, Glen & Lektzian, David, 2011. "The Effect of Sanctions on U.S. Foreign Direct Investment," International Organization, Cambridge University Press, vol. 65(3), pages 531-551, July.
- Fiordelisi, Franco & Girardone, Claudia & Minnucci, Federica & Ricci, Ornella, 2020. "On the nexus between sovereign risk and banking crises," Journal of Corporate Finance, Elsevier, vol. 65(C).
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Gutmann, Jerg & Langer, Pascal & Neuenkirch, Matthias, 2024.
"International sanctions and emigration,"
Journal of Economic Behavior & Organization, Elsevier, vol. 226(C).
- Jerg Gutmann & Pascal Langer & Matthias Neuenkirch, 2023. "International Sanctions and Emigration," Research Papers in Economics 2023-11, University of Trier, Department of Economics.
- Jerg Gutmann & Pascal Langer & Matthias Neuenkirch, 2024. "International Sanctions and Emigration," CESifo Working Paper Series 10882, CESifo.
- Gutmann, Jerg & Langer, Pascal & Neuenkirch, Matthias, 2024. "International Sanctions and Emigration," ILE Working Paper Series 77, University of Hamburg, Institute of Law and Economics.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Thanh C. Nguyen & Vítor Castro & Justine Wood, 2022. "Political environment and financial crises," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 417-438, January.
- Jerg Gutmann & Matthias Neuenkirch & Florian Neumeier, 2024.
"Political Economy of International Sanctions,"
Research Papers in Economics
2024-07, University of Trier, Department of Economics.
- Gutmann, Jerg & Neuenkirch, Matthias & Neumeier, Florian, 2024. "Political economy of international sanctions," ILE Working Paper Series 81, University of Hamburg, Institute of Law and Economics.
- Gutmann, Jerg & Neuenkirch, Matthias & Neumeier, Florian, 2023.
"The economic effects of international sanctions: An event study,"
Journal of Comparative Economics, Elsevier, vol. 51(4), pages 1214-1231.
- Gutmann, Jerg & Neuenkirch, Matthias & Neumeier, Florian, 2021. "The Economic Effects of International Sanctions: An Event Study," ILE Working Paper Series 49, University of Hamburg, Institute of Law and Economics.
- Jerg Gutmann & Matthias Neuenkirch & Florian Neumeier, 2021. "The Economic Effects of International Sanctions: An Event Study," CESifo Working Paper Series 9007, CESifo.
- Jerg Gutmann & Matthias Neuenkirch & Florian Neumeier, 2021. "The Economic Effects of International Sanctions: An Event Study," Research Papers in Economics 2021-03, University of Trier, Department of Economics.
- Alessi, Lucia & Detken, Carsten, 2018.
"Identifying excessive credit growth and leverage,"
Journal of Financial Stability, Elsevier, vol. 35(C), pages 215-225.
- Alessi, Lucia, 2014. "Identifying Excessive Credit Growth and Leverage," Financial Stability Review, European Central Bank, vol. 1.
- Detken, Carsten & Alessi, Lucia, 2014. "Identifying excessive credit growth and leverage," Working Paper Series 1723, European Central Bank.
- Gutmann, Jerg & Langer, Pascal & Neuenkirch, Matthias, 2024.
"International sanctions and emigration,"
Journal of Economic Behavior & Organization, Elsevier, vol. 226(C).
- Jerg Gutmann & Pascal Langer & Matthias Neuenkirch, 2023. "International Sanctions and Emigration," Research Papers in Economics 2023-11, University of Trier, Department of Economics.
- Jerg Gutmann & Pascal Langer & Matthias Neuenkirch, 2024. "International Sanctions and Emigration," CESifo Working Paper Series 10882, CESifo.
- Gutmann, Jerg & Langer, Pascal & Neuenkirch, Matthias, 2024. "International Sanctions and Emigration," ILE Working Paper Series 77, University of Hamburg, Institute of Law and Economics.
- Nguyen, Thanh Cong & Castro, Vítor & Wood, Justine, 2022. "A new comprehensive database of financial crises: Identification, frequency, and duration," Economic Modelling, Elsevier, vol. 108(C).
- Eijffinger, Sylvester C.W. & Karataş, Bilge, 2023.
"Three sisters: The interlinkage between sovereign debt, currency, and banking crises,"
Journal of International Money and Finance, Elsevier, vol. 131(C).
- Eijffinger, Sylvester & Karatas, Bilge, 2013. "Three Sisters: The Interlinkage between Sovereign Debt, Currency and Banking Crises," CEPR Discussion Papers 9369, C.E.P.R. Discussion Papers.
- Huynh, Tran & Uebelmesser, Silke, 2024.
"Early warning models for systemic banking crises: Can political indicators improve prediction?,"
European Journal of Political Economy, Elsevier, vol. 81(C).
- Tran Huynh & Silke Uebelmesser, 2022. "Early warning models for systemic banking crises: can political indicators improve prediction?," Jena Economics Research Papers 2022-007, Friedrich-Schiller-University Jena.
- Yan Carrière-Swallow & José Marzluf, 2023.
"Macrofinancial Causes of Optimism in Growth Forecasts,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(2), pages 509-537, June.
- Mr. Yan Carriere-Swallow & José Marzluf, 2021. "Macrofinancial Causes of Optimism in Growth Forecasts," IMF Working Papers 2021/275, International Monetary Fund.
- Paolo Manasse & Roberto Savona & Marika Vezzoli, 2016. "Danger Zones for Banking Crises in Emerging Markets," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 21(4), pages 360-381, October.
- Carmen M. Reinhart, 2022.
"From Health Crisis to Financial Distress,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(1), pages 4-31, March.
- Reinhart,Carmen M., 2021. "From Health Crisis to Financial Distress," Policy Research Working Paper Series 9616, The World Bank.
- Barbara Jarmulska, 2022.
"Random forest versus logit models: Which offers better early warning of fiscal stress?,"
Journal of Forecasting, John Wiley & Sons, Ltd., vol. 41(3), pages 455-490, April.
- Jarmulska, Barbara, 2020. "Random forest versus logit models: which offers better early warning of fiscal stress?," Working Paper Series 2408, European Central Bank.
- Kose M. Ayhan & Ohnsorge Franziska & Sugawara Naotaka, 2022.
"A Mountain of Debt: Navigating the Legacy of the Pandemic,"
Journal of Globalization and Development, De Gruyter, vol. 13(2), pages 233-268, December.
- Kose,Ayhan & Ohnsorge,Franziska Lieselotte & Sugawara,Naotaka, 2021. "A Mountain of Debt : Navigating the Legacy of the Pandemic," Policy Research Working Paper Series 9800, The World Bank.
- M. Ayhan Kose & Franziska Ohnsorge & Naotaka Sugawara, 2021. "A mountain of debt: Navigating the legacy of the pandemic," CAMA Working Papers 2021-90, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Ohnsorge, Franziska & Kose, M. Ayhan & Sugawara, Naotaka, 2021. "A Mountain of Debt: Navigating the Legacy of the Pandemic," CEPR Discussion Papers 16637, C.E.P.R. Discussion Papers.
- Ho, Sy-Hoa & Saadaoui, Jamel, 2022.
"Bank credit and economic growth: A dynamic threshold panel model for ASEAN countries,"
International Economics, Elsevier, vol. 170(C), pages 115-128.
- Sy-Hoa Ho & Jamel Saadaoui, 2022. "Bank credit and economic growth: A dynamic threshold panel model for ASEAN countries," International Economics, CEPII research center, issue 170, pages 115-128.
- Sy-Hoa Ho & Jamel Saadaoui, 2021. "Bank credit and economic growth: a dynamic threshold panel model for ASEAN countries," Working Papers of BETA 2021-24, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Sy-Hoa Ho & Jamel Saadaoui, 2021. "Bank credit and economic growth : a dynamic threshold panel model for ASEAN countries," Post-Print hal-03299635, HAL.
- Maximilian Grimm, 2024. "The Effect of Monetary Policy on Systemic Bank Funding Stability," ECONtribute Discussion Papers Series 341, University of Bonn and University of Cologne, Germany.
- Hasse, Jean-Baptiste & Lecourt, Christelle & Siagh, Souhila, 2024.
"Setting up a sovereign wealth fund to reduce currency crises,"
Emerging Markets Review, Elsevier, vol. 62(C).
- Jean-Baptiste Hasse & Christelle Lecourt & Souhila Siagh, 2024. "Setting up a Sovereign Wealth Fund to Reduce Currency Crises," AMSE Working Papers 2417, Aix-Marseille School of Economics, France.
- Jean-Baptiste Hasse & Christelle Lecourt & Souhila Siagh, 2024. "Setting up a sovereign wealth fund to reduce currency crises," Post-Print hal-04742966, HAL.
- Eberhardt, Markus & Presbitero, Andrea F., 2021.
"Commodity prices and banking crises,"
Journal of International Economics, Elsevier, vol. 131(C).
- Markus Eberhardt & Andrea F. Presbitero, 2021. "Commodity prices and banking crises," Discussion Papers 2021/02, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Presbitero, Andrea & Eberhardt, Markus, 2021. "Commodity Prices and Banking Crises," CEPR Discussion Papers 15959, C.E.P.R. Discussion Papers.
- John Nkwoma Inekwe, 2019. "The exploration of economic crises: parameter uncertainty and predictive ability," Scottish Journal of Political Economy, Scottish Economic Society, vol. 66(2), pages 290-313, May.
- Thornton, John & Vasilakis, Chrysovalantis, 2023. "Bank regulations and surges and stops in credit: Panel evidence," Journal of Financial Stability, Elsevier, vol. 67(C).
More about this item
Keywords
Sanctions; Financial crises; Classification and regression tree; CART;All these keywords.
JEL classification:
- F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:64:y:2024:i:c:s1544612324004975. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.