We review a number of developments and trends in the literature on economic sanctions. We discuss salient contributions to the theoretical literature, data collection, and empirical work on the impact, effectiveness and success of sanctions in...

Economic sanctions are a frequent instrument of foreign policy. In a diplomatic conflict, they aim to elicit a change in the policies of foreign governments by damaging their economy. However, sanctions are not costless for the sending economy, where...

How do exporting firms react to sanctions? Specifically, which firms are willing — or capable — to serve the market of a sanctioned country? We investigate this question for four sanctions episodes drawing on recent econometric advances in...

The Global Sanctions Database (GSDB) covers publicly traceable, multilateral, plurilateral, and purely bilateral sanction cases since 1950.

Kiel Policy Brief No. 73: Against the backdrop of the Russian annexation of the Crimea European and American political decision-makers are considering restrictions to trade relations with Russia. It is asked to which extent the German economy would...