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Finanzmarktpolitik in Kriegszeiten: Wie wirkungsvoll sind die Finanzsanktionen gegen Russland?

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  3. Vierteljahrshefte zur Wirtschaftsforschung
  4. Vol. 91, Issue 4
  5. pp. 11–24

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Scherrer, C., Wullweber, J. Finanzmarktpolitik in Kriegszeiten: Wie wirkungsvoll sind die Finanzsanktionen gegen Russland?. Vierteljahrshefte zur Wirtschaftsforschung, 91(4), 11-24. https://doi.org/10.3790/vjh.91.4.11
Scherrer, Christoph and Wullweber, Joscha "Finanzmarktpolitik in Kriegszeiten: Wie wirkungsvoll sind die Finanzsanktionen gegen Russland?" Vierteljahrshefte zur Wirtschaftsforschung 91.4, 2022, 11-24. https://doi.org/10.3790/vjh.91.4.11
Scherrer, Christoph/Wullweber, Joscha (2022): Finanzmarktpolitik in Kriegszeiten: Wie wirkungsvoll sind die Finanzsanktionen gegen Russland?, in: Vierteljahrshefte zur Wirtschaftsforschung, vol. 91, iss. 4, 11-24, [online] https://doi.org/10.3790/vjh.91.4.11
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Finanzmarktpolitik in Kriegszeiten: Wie wirkungsvoll sind die Finanzsanktionen gegen Russland?

Scherrer, Christoph | Wullweber, Joscha

Vierteljahrshefte zur Wirtschaftsforschung, Vol. 91 (2022), Iss. 4 : pp. 11–24

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Duncker & Humblot
DOI
https://doi.org/10.3790/vjh.91.4.11
Language
German
Pages
14
Keywords

Author Details

Christoph Scherrer, Professor für Globalisierung & Politik, Universität Kassel

  • Christoph Scherrer, Volkswirt und Politologe, ist Professor für „Globalisierung & Politik“ an der Universität Kassel. Er ist Sprecher des für Exzellenz in der Entwicklungszusammenarbeit vom DAAD prämierten International Center for Development and Decent Work, Mitglied des Steering Committee der Global Labour University, die auf vier Kontinenten GewerkschafterInnen auf Masterniveau politikwissenschaftlich und ökonomisch ausbildet. Preisträger „Exzellenz in der Lehre“ des Landes Hessen 2007. Seine Forschungsinteressen liegen im Bereich der Internationalen Politischen Ökonomie, insbesondere die Steuerung des Weltmarkts im Sinne sozialer und ökologischer Nachhaltigkeit.
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Joscha Wullweber, Professor of Politics, Transformation and Sustainability, Universität Witten/Herdecke

  • Joscha Wullweber, Politologe und Politökonom, ist Professor of Politics, Transformation and Sustainability an der Universität Witten/Herdecke. Er gründet derzeit das International Center for Just and Sustainable Transformation [tra:ce]. Seine Forschungsschwerpunkte liegen im Bereich Internationale Politische Ökonomie, Zentralbankpolitik, politische Ökonomie der nachhaltigen und gerechten Transformation, Governance des Finanzsystems, Finanzkrisen und Schattenbankensystem. 2021 erschien sein neuestes Buch: Zentralbankkapitalismus. Transformationen des globalen Finanzsystems in Krisenzeiten, Berlin: Suhrkamp.
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Abstract

Western governments adopted extensive financial sanctions against Russia at the very beginning of Russia’s invasion of Ukraine, with the freezing of Russia’s foreign currency reserves being particularly prominent. While these sanctions initially had a major impact and the ruble’s exchange rate crashed, Russia developed successful counterstrategies that eventually stabilized the ruble again. The question therefore arises whether financial sanctions are effective at all as a means of exerting pressure on Russia. The article attempts to answer this question by analyzing Russia’s particular conditions, its countermeasures and Nazi Germany’s fiscal policy methods.

Table of Contents

Section Title Page Action Price
Christoph Scherrer / Joscha Wullweber: Finanzmarktpolitik in Kriegszeiten: Wie wirkungsvoll sind die Finanzsanktionen gegen Russland? 11
1 Einleitung 12
2 Die Finanzsanktionen gegen Russland 13
3 Spezifische Situation Russlands 14
4 Russlands derzeitige finanzielle Gegenstrategien 15
4.1 Rubelkurs 16
4.2 Zahlungsausfall 16
4.3 SWIFT 18
5 Prinzipielle Begrenztheit der Sanktionsmaßnahmen am Beispiel der Finanzierung des deutschen Angriffskriegs 1939 18
6 Ausblick: Notwendige, aber begrenzt wirksame Finanzsanktionen 19
Literaturverzeichnis 21

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