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Comment on “On Wars, Sanctions, and Sovereign Default” by Javier Bianchi and César Sosa-Padilla

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  • Mihalache, Gabriel

Abstract

•Bianchi and Sosa-Padilla deepen our understanding of reserves freezes as sanctions.•The 2022 Russian default calls for a reexamination of mechanisms in the literature.•The slow ramping up of sanctions can be rationalized by a private information model.

Suggested Citation

  • Mihalache, Gabriel, 2024. "Comment on “On Wars, Sanctions, and Sovereign Default” by Javier Bianchi and César Sosa-Padilla," Journal of Monetary Economics, Elsevier, vol. 141(C), pages 71-73.
    • Handle: RePEc:eee:moneco:v:141:y:2024:i:c:p:71-73
    DOI: 10.1016/j.jmoneco.2023.10.009
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