International Sanctions and Dollar Dominance

A-Tier
Journal: Economic Journal
Year: 2025
Volume: 135
Issue: 672
Pages: 2567-2577

Authors (2)

Javier Bianchi (Federal Reserve Bank of Minnea...) César Sosa-Padilla (not in RePEc)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We propose a simple monetary model to investigate the implications of international financial sanctions for the pre-eminence of the US dollar in the international financial system. We show how the anticipation of financial sanctions can reduce the US dollar convenience yield and the holdings of US dollar assets. We also evaluate the implications for welfare and show that they are generally detrimental for all countries.

Technical Details

RePEc Handle
repec:oup:econjl:v:135:y:2025:i:672:p:2567-2577.
Journal Field
General
Author Count
2
Added to Database
2026-01-24