In 2022,the United States stepped up its sanctions on Russia.Most notably,it restricted the flow of the Russian Central Bank's foreign exchange(forex)assets,using financial administrative power as a source of stra...In 2022,the United States stepped up its sanctions on Russia.Most notably,it restricted the flow of the Russian Central Bank's foreign exchange(forex)assets,using financial administrative power as a source of strategic leverage.This move should have reduced the appeal of US dollar assets but in reality has not accelerated as expected the decline of the greenback as a store of value.The US dollar's share of global forex reserves increased instead of decreased during 2022 and 2023.Despite the rise of economic costs caused by tightened US financial sanctions,countries that recognize the geopolitical role of the United States have further accepted the dollar's international status;their continued willingness to live with the dollar's“security premium”has given a fillip to the US dollar in the short term,boosting its appeal as a reserve currency.Meanwhile,de-dollarization of forex reserves has yet to reach a sufficient scale,thus falling short of significantly challenging the dollar's reign.From a longer-term perspective,as economic and security conditions shift,countries that accept the dollar's international role or seek de-dollarization may change their choices.As a result,four possible scenarios may arise:(i)the preeminence of the US dollar remains unthreatened;(ii)the international monetary system splits into blocs;(iii)the international monetary system fragments;and(iv)the dollar loses its throne.The author believes that the last scenario is the most likely outcome.展开更多
The Trump administration heavily relies on economic sanctions to solve diplomatic problems. Those sanctions are far more protrusive than the ones enforced by his predecessors in terms of scale and scope of the intende...The Trump administration heavily relies on economic sanctions to solve diplomatic problems. Those sanctions are far more protrusive than the ones enforced by his predecessors in terms of scale and scope of the intended target. The Trump administration has manufactured many new programs for sanctions and has attached much importance to imposing sanctions on entities that violate human rights. It also has increased its use of secondary sanctions, export controls and investment restrictions. Both sanction-related criminal enforcement and fines have hit new heights. The main reason for this strategy is that Trump and his economic team are keen on waging a"money war."Meanwhile, sanctions can appeal to Trump’s requirements for quick, easy achievements, and can also contain and suppress opponents. The economic impact of these sanctions is obvious,while the political impact is still questionable. These sanctions have harmed the US alliance system and boosted the de-dollarization trend in the global economy, which makes it increasingly difficult for the United States to achieve its prospective goals in the future.展开更多
In this paper, we analyze direct and indirect effects of economic sanctions on I. R. Iran’s economic growth from 1979 to 2012 focusing on the external sector of the economy. Our data for variables except for sanction...In this paper, we analyze direct and indirect effects of economic sanctions on I. R. Iran’s economic growth from 1979 to 2012 focusing on the external sector of the economy. Our data for variables except for sanction are derived from 1966 to 2012 and a dummy variable is used for each sanction’s beginning years. The designed model is based on the endogenous growth models in which we analyze the effects by 2SLS econometric method. Our findings indicate that economic sanctions have not directly affected Iran’s economic growth so much. These effects have been indirect through restricting total imports, capital goods imports, imports of intermediate goods and primary products and also the export leading to decreased economic growth of the country.展开更多
The use of economic sanctions as a foreign policy tool dates back to the Megarian decree of 432 BC,but has long been controversial.Economic sanctions are commonly employed by governments as a coercive tool to adjust t...The use of economic sanctions as a foreign policy tool dates back to the Megarian decree of 432 BC,but has long been controversial.Economic sanctions are commonly employed by governments as a coercive tool to adjust the behavior of a state actor that is in violation of international behavior norms,yet there remains concern as to the effectiveness of applying economic sanctions and the extent to which sanctions should be applied.Further questions arise regarding both the viability and morality of sanctions.This paper will examine case studies to determine the moral,economic,and political impact of imposing sanctions on state actors.In doing so,this paper will specifically examine the economic sanctions applied to South Africa,Iran,and Crimea.It will examine the application of sanctions and the effectiveness in achieving established foreign policy goals,while also analyzing the impact on innocents to determine the ethical implications of sanctions.展开更多
Since the Crimean crisis, the US has continuously tightened financial sanctions on Russia. In the short term, this doesn't appear to be working very effectively, but in the long run, it has indeed had an irreversi...Since the Crimean crisis, the US has continuously tightened financial sanctions on Russia. In the short term, this doesn't appear to be working very effectively, but in the long run, it has indeed had an irreversible impact on the Russian economy. Though the US has repeatedly upgraded its sanction plans, four puzzles have long remained unsolved: appropriate sanctions have avoided a humanitarian crisis, but raised moral dilemmas; actual enforcement of sanctions is getting more and more difficult; EU cooperation with the US is vital, but the two regions more often than not play different tunes; and the frequent use of sanctions weakens US legitimacy and integrity, leading to a degradation of the sanction mechanism. Sanctions have continued to be implemented since President Trump took office, but with some new adjustments.展开更多
足球合同违约不仅导致赔偿,还可能引发体育制裁。将此类由体育制裁引发的争议提交至国际体育仲裁院(Court of Arbitration for Sport,CAS),须将足球主管机构作为被诉方。在审查此类案件中,仲裁庭首先确认合同违约是否发生在保护期内;对...足球合同违约不仅导致赔偿,还可能引发体育制裁。将此类由体育制裁引发的争议提交至国际体育仲裁院(Court of Arbitration for Sport,CAS),须将足球主管机构作为被诉方。在审查此类案件中,仲裁庭首先确认合同违约是否发生在保护期内;对违约球员、违约俱乐部和诱导球员违约俱乐部施加的体育制裁不同,仲裁庭的审查要件和裁判标准也存在区别。在处理此类案件的过程中,CAS尊重足球主管机构在体育制裁方面的裁量权,同时确保这一裁量权的行使正当及在合理范围之内。展开更多
文摘In 2022,the United States stepped up its sanctions on Russia.Most notably,it restricted the flow of the Russian Central Bank's foreign exchange(forex)assets,using financial administrative power as a source of strategic leverage.This move should have reduced the appeal of US dollar assets but in reality has not accelerated as expected the decline of the greenback as a store of value.The US dollar's share of global forex reserves increased instead of decreased during 2022 and 2023.Despite the rise of economic costs caused by tightened US financial sanctions,countries that recognize the geopolitical role of the United States have further accepted the dollar's international status;their continued willingness to live with the dollar's“security premium”has given a fillip to the US dollar in the short term,boosting its appeal as a reserve currency.Meanwhile,de-dollarization of forex reserves has yet to reach a sufficient scale,thus falling short of significantly challenging the dollar's reign.From a longer-term perspective,as economic and security conditions shift,countries that accept the dollar's international role or seek de-dollarization may change their choices.As a result,four possible scenarios may arise:(i)the preeminence of the US dollar remains unthreatened;(ii)the international monetary system splits into blocs;(iii)the international monetary system fragments;and(iv)the dollar loses its throne.The author believes that the last scenario is the most likely outcome.
文摘The Trump administration heavily relies on economic sanctions to solve diplomatic problems. Those sanctions are far more protrusive than the ones enforced by his predecessors in terms of scale and scope of the intended target. The Trump administration has manufactured many new programs for sanctions and has attached much importance to imposing sanctions on entities that violate human rights. It also has increased its use of secondary sanctions, export controls and investment restrictions. Both sanction-related criminal enforcement and fines have hit new heights. The main reason for this strategy is that Trump and his economic team are keen on waging a"money war."Meanwhile, sanctions can appeal to Trump’s requirements for quick, easy achievements, and can also contain and suppress opponents. The economic impact of these sanctions is obvious,while the political impact is still questionable. These sanctions have harmed the US alliance system and boosted the de-dollarization trend in the global economy, which makes it increasingly difficult for the United States to achieve its prospective goals in the future.
文摘In this paper, we analyze direct and indirect effects of economic sanctions on I. R. Iran’s economic growth from 1979 to 2012 focusing on the external sector of the economy. Our data for variables except for sanction are derived from 1966 to 2012 and a dummy variable is used for each sanction’s beginning years. The designed model is based on the endogenous growth models in which we analyze the effects by 2SLS econometric method. Our findings indicate that economic sanctions have not directly affected Iran’s economic growth so much. These effects have been indirect through restricting total imports, capital goods imports, imports of intermediate goods and primary products and also the export leading to decreased economic growth of the country.
文摘The use of economic sanctions as a foreign policy tool dates back to the Megarian decree of 432 BC,but has long been controversial.Economic sanctions are commonly employed by governments as a coercive tool to adjust the behavior of a state actor that is in violation of international behavior norms,yet there remains concern as to the effectiveness of applying economic sanctions and the extent to which sanctions should be applied.Further questions arise regarding both the viability and morality of sanctions.This paper will examine case studies to determine the moral,economic,and political impact of imposing sanctions on state actors.In doing so,this paper will specifically examine the economic sanctions applied to South Africa,Iran,and Crimea.It will examine the application of sanctions and the effectiveness in achieving established foreign policy goals,while also analyzing the impact on innocents to determine the ethical implications of sanctions.
文摘Since the Crimean crisis, the US has continuously tightened financial sanctions on Russia. In the short term, this doesn't appear to be working very effectively, but in the long run, it has indeed had an irreversible impact on the Russian economy. Though the US has repeatedly upgraded its sanction plans, four puzzles have long remained unsolved: appropriate sanctions have avoided a humanitarian crisis, but raised moral dilemmas; actual enforcement of sanctions is getting more and more difficult; EU cooperation with the US is vital, but the two regions more often than not play different tunes; and the frequent use of sanctions weakens US legitimacy and integrity, leading to a degradation of the sanction mechanism. Sanctions have continued to be implemented since President Trump took office, but with some new adjustments.
文摘足球合同违约不仅导致赔偿,还可能引发体育制裁。将此类由体育制裁引发的争议提交至国际体育仲裁院(Court of Arbitration for Sport,CAS),须将足球主管机构作为被诉方。在审查此类案件中,仲裁庭首先确认合同违约是否发生在保护期内;对违约球员、违约俱乐部和诱导球员违约俱乐部施加的体育制裁不同,仲裁庭的审查要件和裁判标准也存在区别。在处理此类案件的过程中,CAS尊重足球主管机构在体育制裁方面的裁量权,同时确保这一裁量权的行使正当及在合理范围之内。
