Neuer #ResearchBrief: Geringere TARGET2-Zahlungsströme durch #EU-Sanktionen gegen #Russland. Der SWIFT-Ausschluss russischer Banken scheint die stärksten Effekte auf die Zahlungsströme in TARGET2 aufzuweisen. bundesbank.de/content/662768 #Sanktionen #Ukraine Stefan Goldbach Volker Nitsch

New #ResearchBrief: Lower TARGET2 payment flows due to EU sanctions against #Russia. The SWIFT exclusion of Russian banks appears to have the strongest impact on payment flows in TARGET2 bundesbank.de/content/665682 #target2 #ukraine

Happy to announce that our paper "Freeze! Financial Sanctions and Bank Responses" (together with Matthias Efing and Volker Nitsch ) is forthcoming in The Review of Financial Studies. doi.org/10.1093/rfs/hh…

#RFS #Forthcoming: Freeze! Financial Sanctions and Bank Responses Matthias Efing HEC Paris Business School Stefan Goldbach Stefan Goldbach Deutsche Bundesbank Volker Nitsch Volker Nitsch TU Darmstadt doi.org/10.1093/rfs/hh…

In the new issue of #EconPolForum, our authors examine the extent to which various #sanctions have achieved their goals. How do they affect economic growth, trade, and prosperity? How can policy-makers make sanctions more effective? CESifo 👉econpol.eu/forum-2023-3

New WP on German current account: missing correction for retained corp earnings attributable to foreign portfolio investors overestimated surplus by some 5% in 2012-2020 period. Volker Nitsch @SAFE_FRANKFURT Gabriel Felbermayr x.com/FuestClemens Martin Braml ssrn.com/abstract=44658…

Happy to announce that our paper "Smart or smash? The effect of financial sanctions on trade in goods and services" (together with Tibor Besedes and Volker Nitsch) is forthcoming in Review of International Economics. onlinelibrary.wiley.com/doi/full/10.11…

Smart or Smash? The Effect of Financial Sanctions on Trade in Goods and Services | Tibor Besedes, Stefan Goldbach, Volker Nitsch #EconTwitter cesifo.org/en/publication…

📢Exciting week ahead! This Thursday & Friday we will host - with CEPR - our conference on #Geoeconomics at GermanForeignOffice in Berlin. An elite line-up of experts will delve into cutting-edge discussions on geopolitics, economics, sanctions, China, ... just to name a few.

Happy to announce that our paper "The effects of sanctions on Russian banks in TARGET2 transactions data" (together with Constantin Drott and Volker Nitsch) is forthcoming in Journal of Economic Behaviour and Organization. doi.org/10.1016/j.jebo…

„An economic crisis in China following a correction of excessive credit growth would arguably be manageable for the German economy. However, an abrupt decoupling, say as a result of a geopolitical crisis, would deal a far heavier blow to German industry“ - new Deutsche Bundesbank study👇

Where to look for the analysis of economic sanctions? Here is a special issue in the Review of Inernational Economics. It also covers a great article by my colleague Stefan Goldbach on the effect of financial sanctions on trade in goods and services. onlinelibrary.wiley.com/toc/14679396/c…

Happy to announce that our paper "Determinants of Net Transactions in TARGET2 of European Banks Based on Micro-data " (together with Constantin Drott and Axel Jochem) is forthcoming in Open Economies Review. link.springer.com/article/10.100…

Happy to announce that our paper "Retained Earnings, Foreign Portfolio Ownership, and the German Current Account: A Firm-Level Approach" (together with Philipp Harms, Axel Jochem, Volker Nitsch and Alfons Weichenrieder) is forthcoming in German Economic Review. degruyter.com/document/doi/1…

Happy to announce that our paper "Cryptocurrencies and capital flows: evidence from El Salvador’s adoption of Bitcoin" (together with Volker Nitsch) is forthcoming in Applied Economics Letters. doi.org/10.1080/135048…

#Monatsbericht: Bisher gibt es keine signifikanten Hinweise darauf, dass deutsche emissionsintensive Unternehmen Produktionsprozesse an außereuropäische Standorte mit einer weniger strengen #Klimapolitik verlagert hätten. Weitere Informationen: bundesbank.de/content/940044 #EUETS

1/6 Der Deutsche Bundesbank #Monatsbericht September zeigt, dass die #Klimapolitik der #EU bislang noch nicht zu signifikanten #Standortverlagerungen der deutschen #Industrie ins nicht-europäische Ausland führte. publikationen.bundesbank.de/publikationen-…

#Monatsbericht Oktober: Deutsche #Direktinvestitionen im Ausland wachsen weiter, mit starkem Fokus auf den USA. Deutschland bleibt ein attraktiver Standort, muss sich aber im internationalen Wettbewerb u.a. gegenüber Frankreich und Spanien behaupten. 👉 bundesbank.de/content/942330

Yesterday I presented ongoing research on intra-firm cross-border interest flows and tax incentives (with Stefan Goldbach, @ArneNagengast and Georg Wamser) at ESHCC Erasmus University Rotterdam in the interdisciplinary Workshop “The Netherlands a Tax Paradise?”

Happy to announce that our paper "Internationalisation as a boost for many firms: evidence from Germany" (together with Rainer Frey) is forthcoming in Review of World Economics. link.springer.com/article/10.100…