Entries by Barry Eichengreen

Effects of sanctions on the target’s exchange rate

Exchange rate movements are not an appropriate metric of the success or failure of sanctions, but a reflection of the type and scale of the measures taken. That is one of the findings of new research by Barry Eichengreen, Massimo Ferrari Minesso, Arnaud Mehl, Isabel Vansteenkiste and Roger Vicquéry, which highlights the channels through which […]