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Title: Do Sanctions Increase Borrowing Costs? Measuring the Effectiveness of Economic Sanctions in a Post Cold War Global Economy:
Authors: Mill, Kevin P.
Advisors: Brunnermeier, Smita
Department: Economics
Class Year: 2013
Abstract: This paper examines the effect of economic sanctions on borrowing costs in targeted countries. A number of political and economic developments since the end of the Cold War have had a profound impact on sanctions use. This, combined with an increasingly global economy has raised doubts regarding the continued use and effectiveness of economic sanctions. Using data on lending rates in a panel of 53 countries from 1990-2010 and a fixed effects regression model, I test the effect sanctions imposition in a given year has on borrowing costs. I find that sanctions imposition significantly increases lending rates, while anticipatory and residual effects of sanctions imposition are less clear.
Extent: 68 pages
Access Restrictions: Walk-in Access. This thesis can only be viewed on computer terminals at the Mudd Manuscript Library.
Type of Material: Princeton University Senior Theses
Language: en_US
Appears in Collections:Economics, 1927-2017

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