Freezing Assets: The USA and the Most Effective Economic by Mahvash Alerassool

By Mahvash Alerassool

Show description

Read Online or Download Freezing Assets: The USA and the Most Effective Economic Sanction PDF

Similar economic conditions books

Investment Climate Around the World: Voices of the Firms from the World Business Environment Survey (Directions in Development)

The research of firm-level information accumulated via parallel foreign company surveys can show very important linkages among governance constraints and enterprise progress and funding. the realm enterprise setting Survey (WBES), an initiative led via the area financial institution team in 1999 and 2000, accumulated firm information from greater than 10,000 agencies in eighty nations and one territory.

Miraculous Growth and Stagnation in Post-War Japan

This quantity examines diverse features of the japanese adventure in a comparative context. there's a lot the following of relevance to modern constructing international locations nervous to start up the event of spectacular progress and concerned to prevent the next stagnation. Such problems with the function of presidency in delivering the correct amount of little one safety, the relevance of the economy, the country’s strange company constitution and the function of schooling in a comparative context serve to light up the teachings and legacies of this specified event in improvement.

Themes in macroeconomic history: The UK economy, 1919-1939

Characterised via mass unemployment, protectionism, assorted trade cost regimes, the disintegration of the realm exchange, and bad long term development clients, the interwar interval was once, via any criteria, a striking one. This textbook presents a survey of the major macroeconomic questions that arose from the event of the British economic climate from 1919 to 1939.

Development economics in action : a study of economic policies in Ghana

Half A - Nkrumah and his fast Successors, 1960-72 1. creation 2. improvement, Disequilibrium and kingdom Interventionism three. the commercial techniques of Nkrumah and his Successors four. household financial functionality within the Sixties five. exterior functionality: The foreign currency Constraint and its motives 6.

Extra resources for Freezing Assets: The USA and the Most Effective Economic Sanction

Example text

Most of the assets in the third category are still frozen in the United States. The executive order blocking the assets specifically included Iranian deposits in the overseas branches of US banks. The extraterritorial application of the freeze order shocked and angered the international banking community. US Treasury Secretary William Miller and officials of the Federal Reserve Bank of New York were dispatched to Europe and the Middle East to explain the need for freezing overseas assets and ask for the cooperation of the Europeans to implement the freeze order.

Payments of principal and interest were to be made to Chase London as agent for distribution amongst the lending banks. ls In clause 28 of the contract, Chase had specifically agreed that proceedings with respect to the loan agreement could be brought in the courts of England. On 15 November 1979, an instalment of over $4 million interest was due by the government of Iran on this loan.

82 Nevertheless, Bani Sadr's threat was useful in that it provided grounds for the argument that Iran was threatening US banks and the dollar which if carried out would have been a threat against the stability of international financial markets. This argument was used by US banks and other companies in the litigation that followed the freeze both in the US and European courts. In his report to Congress, later on 14 November President Carter outlined the reasons for the freeze as follows: '1 - The circumstances necessitating the exercise of this authority are the current events in Iran and the recent activities of the government of Iran.

Download PDF sample

Rated 4.36 of 5 – based on 49 votes