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UID:102@quincyinst.org
DTSTART;TZID=America/New_York:20220406T120000
DTEND;TZID=America/New_York:20220406T130000
DTSTAMP:20240513T233959Z
URL:https://quincyinst.org/events/from-targeted-sanctions-to-central-banks
 -the-future-of-u-s-economic-sticks/
SUMMARY:From Targeted Sanctions to Central Banks: The Future of U.S. Econom
 ic Sticks
DESCRIPTION:Economic sanctions and other forms of economic coercion have be
 come the “go to” response for both the executive branch and Congress o
 ver the past decades to punish or compel policy change. Today\, the United
  States applies broad economic sanctions against North Korea\, Cuba\, Iran
 \, Syria\, and the Crimea\, with targeted sanctions leveled against many o
 ther states. In the past half year\, Washington has upped the ante\, immob
 ilizing the central banks of Afghanistan and Russia and sending their econ
 omies into freefall. In response to Russia’s invasion of Ukraine\, the B
 iden administration has worked with European partners to sanction the Russ
 ian Central Bank and prevent it from softening the blow of U.S. sanctions 
 by cutting off hundreds of billions of dollars it holds around the world. 
 And last August\, the United States froze over $7 billion dollars of forei
 gn reserves belonging to Afghanistan’s central bank when the Taliban too
 k control of the country. Half of that money now sits in a third party tru
 st while the other half is being fought over in court by 9/11 victims and 
 their families who hold the Taliban responsible for the attack. What happe
 ns when the assets of a central bank are seized or sanctioned overnight? C
 an fledgling economies survive this level of economic shock and how? Once 
 a country’s banking sector is taken offline is it possible to revive it 
 or is the damage irreversible? What does this mean for the dollar’s glob
 al dominance? And what is the future of the U.S. Federal Reserve as the 
 “central bank of central banks\,” given this recent record of action? 
 Join us for a panel that cuts through the economic and legal complexity of
  sanctions and central banks to explore the latest iteration and most robu
 st of U.S. sanctions policy. The discussion will feature Adam Tooze\, prof
 essor of economic history at Columbia University\; Delaney Simon\, senior 
 analyst at International Crisis Group\, and William Byrd\, senior expert a
 t the United States Institute of Peace. Adam Weinstein\, research fellow a
 t the Quincy Institute\, will moderate. 
ATTACH;FMTTYPE=image/jpeg:https://quincyinst-2.s3.amazonaws.com/wp-content
 /uploads/2024/01/17205043/2022-02-28T000000Z_147285658_MT1NURPHO00026GWCH_
 RTRMADP_3_RUSSIA-ECONOMY-scaled-3-jpeg.webp
CATEGORIES:Book Talk
LOCATION:Zoom Webinar\, Zoom Webinar\,  \, United States
X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=Zoom Webinar\,  \, United S
 tates;X-APPLE-RADIUS=100;X-TITLE=Zoom Webinar:geo:0,0
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