“Crime and punishment”: how Russian banks anticipated and dealt with global financial sanctions

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11640%2F21%3A00544822" target="_blank" >RIV/00216208:11640/21:00544822 - isvavai.cz</a>

Result on the web

<a href="https://voxeu.org/article/how-russian-banks-anticipated-and-dealt-global-financial-sanctions" target="_blank" >https://voxeu.org/article/how-russian-banks-anticipated-and-dealt-global-financial-sanctions</a>

DOI - Digital Object Identifier

—

Result language

angličtina

Original language name

“Crime and punishment”: how Russian banks anticipated and dealt with global financial sanctions

Original language description

Financial sanctions against Russia’s state-owned and controlled banks were imposed consecutively between 2014 and 2019, allowing banks that would potentially be targeted in the future to adjust their international and domestic exposures. This column explores the informational effects of financial sanctions, showing that compared to similar private banks, ‘not yet sanctioned’ financial institutions immediately reduced their foreign assets while, rather unexpectedly, expanding their foreign liabilities. These informational effects crucially depend on geography, with targeted banks located further from Moscow decreasing their foreign assets by more and raising foreign liabilities by less than those located near the Kremlin.

Czech name

—

Czech description

—

Type

A - Audiovisual production

CEP classification

—

OECD FORD branch

50202 - Applied Economics, Econometrics

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

ISBN

—

Place of publication

—

Publisher/client name

—

Version

—

Carrier ID

—