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Good, or good afternoon, rather and welcome to this event on u. S. Sanctions and deterrence. Im elizabeth, and i direct the Economics Program here at the center for new american security. It is a pleasure to have you all here with us, todays session is an opportunity to speak about the deterrents and signaling effects of financial sanctions. And as many of you know well, u. S. Sanctions are an economic tool, which in general terms shut off access to the u. S. Financial system, to those named people or entities that pose a threat to u. S. National security. And the use of sanctions has been cen...

Thank you very much, john. I appreciate the kind words of introduction. I want to thank the center for strategic and International Studies and joongang ilbo, the host of todays forum, for their invitation to speak. I think this is the 9th or 10th such forum, and its a great opportunity, very timely, to discuss a lot of critical issues. I also want to congratulate csis and john and victor cha for the this is also the 10th anniversary of the korea chair of csis. So it marks a decade of contributions that the chairs nonpartisan, objective research has made to the Public Policy debate on korean is...

10th such forum and it is very timely to discuss a lot of critical issues. I also want to congratulate csis and john and victor cha for the 10th anniversary of the korea chair of csis. It marks a decade of on korean issues that are so important to the American People and korean people. It has been a significant accomplishment for victor and john and all of csis. I am delighted to be here today. Im also assured the leadership of north korea is elated that im here today in a private capacity. [laughter] at least thats what ive read. Perhaps they will be a little less delighted now that i can spe...

Chair of csis. Issues. I also want to congratulate csis and john and victor cha for the 10th anniversary of the korea chair of csis. It marks a decade of on korean issues that are so important to the American People and korean people. It has been a significant accomplishment for victor and john and all of csis. I am delighted to be here today. Im also assured the leadership of north korea is elated that im here today in a private capacity. [laughter] at least thats what ive read. Perhaps they will be a little less delighted now that i can speak in unvarnished terms about the grave and growing ...

Orhink this is the ninth 10th such forum and it is very timely to discuss a lot of critical issues. I also want to congratulate csis and john and victor cha for the 10th anniversary of the korea chair of csis. It marks a decade of on korean issues that are so important to the American People and korean people. It has been a significant accomplishment for victor and john and all of csis. I am delighted to be here today. Im also assured the leadership of north korea is elated that im here today in a private capacity. [laughter] at least thats what ive read. Perhaps they will be a little less del...