title: Financial market information flows when counteracting rogue states: The indirect effects of targeted sanction packages
abstract: This study investigates how financial sanctions packages targeting Russia influenced traditional information flow dynamics with other international financial markets and products. While providing empirical evidence regarding the use of payment systems and finance as weapons of war, it is crucial to understand if the market's response to international sanctions diminished as expectations shifted over time. Results, supported by robustness testing procedures, indicate important dynamic information
journal: Journal of Economic Behavior & Organization