Bundesbank paper looks at effects of sanctions regimes

Deutsche Bundesbank headquarters, Frankfurt
The Deutsche Bundesbank
Fabian Stürtz

German banks reduce their activity in countries where economic sanctions have been imposed by international organisations, but their foreign subsidiaries do not, a discussion paper published by Deutsche Bundesbank finds.

Subsidiary banks may even increase their credit activity in countries where there is a lower commitment to international financial standards, the paper finds.

In Freeze! Financial sanctions and bank responses, Matthias Efing, Stefan Goldbach and Volker Nitsch use data from the

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