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

Kód výsledku v 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>

Výsledek na webu

<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

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

A - Audiovizuální tvorba

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

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

Rok uplatnění

2021

Kód důvěrnosti údajů

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

ISBN

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Místo vydání

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Název nakladatele resp. objednatele

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Verze

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Identifikační číslo nosiče

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