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@article{ART002863820},
author={Young Bin Han},
title={The Effects of Financial Sanctions on Dollar Hegemony Order},
journal={Analyses & Alternatives},
issn={2508-822X},
year={2022},
volume={6},
number={2},
pages={117-154},
doi={10.22931/aanda.2022.6.2.004}

TY - JOUR
AU - Young Bin Han
TI - The Effects of Financial Sanctions on Dollar Hegemony Order
JO - Analyses & Alternatives
PY - 2022
VL - 6
IS - 2
PB - Korea Consensus Institute
SP - 117
EP - 154
SN - 2508-822X
AB - The purpose of this study is to verify the practical validity of financial sanctions, which has recently emerged as the most powerful form of economic sanctions preferred by U.S. foreign policy tool. Based on the theoretical discussion, analyse this study the trend of de-dollarization appearing in connection with financial sanctions and argue that the effectiveness of financial sanctions erode the dollar financial hegemony, which is the source of its power can be degraded, so that its effectiveness could not be so great as most people likely think about. After World War II, there has been an increasing tendency in the international community to favor economic sanctions over the use of military force as an effective means of foreign policy. Among these economic sanctions, a distinct feature that has recently appeared is the remarkable increase in the frequency of use of financial sanctions. The country that favors financial sanctions most is the United States. The reason is that they believe that the power of their own dollar financial hegemony can exert deadly pressure on other countries. Financial sanctions favored by the United States are said to have increased the effectiveness of sanctions by upgrading the pressure of sanctions to the next level. Nevertheless, financial sanctions have a side that underestimates the cost. This problem is found in the signs that the backlash from not only countries subject to financial sanctions but also many countries with interests in these countries is leading to a tendency to de-dollarization. This study will try to see how likely this de-dollarization trend is to offset the effectiveness of financial sanctions.
KW - Economic Sanctions;Financial Sanctions;Dollar Hegemony;U.S.A.;Iran;Russia;De-dollarization
DO - 10.22931/aanda.2022.6.2.004
ER -

Young Bin Han. (2022). The Effects of Financial Sanctions on Dollar Hegemony Order. Analyses & Alternatives, 6(2), 117-154.

Young Bin Han. 2022, "The Effects of Financial Sanctions on Dollar Hegemony Order", Analyses & Alternatives, vol.6, no.2 pp.117-154. Available from: doi:10.22931/aanda.2022.6.2.004

Young Bin Han "The Effects of Financial Sanctions on Dollar Hegemony Order" Analyses & Alternatives 6.2 pp.117-154 (2022) : 117.

Young Bin Han. The Effects of Financial Sanctions on Dollar Hegemony Order. 2022; 6(2), 117-154. Available from: doi:10.22931/aanda.2022.6.2.004

Young Bin Han. "The Effects of Financial Sanctions on Dollar Hegemony Order" Analyses & Alternatives 6, no.2 (2022) : 117-154.doi: 10.22931/aanda.2022.6.2.004

Young Bin Han. The Effects of Financial Sanctions on Dollar Hegemony Order. Analyses & Alternatives, 6(2), 117-154. doi: 10.22931/aanda.2022.6.2.004

Young Bin Han. The Effects of Financial Sanctions on Dollar Hegemony Order. Analyses & Alternatives. 2022; 6(2) 117-154. doi: 10.22931/aanda.2022.6.2.004

Young Bin Han. The Effects of Financial Sanctions on Dollar Hegemony Order. 2022; 6(2), 117-154. Available from: doi:10.22931/aanda.2022.6.2.004

Young Bin Han. "The Effects of Financial Sanctions on Dollar Hegemony Order" Analyses & Alternatives 6, no.2 (2022) : 117-154.doi: 10.22931/aanda.2022.6.2.004