Hidden Bibliographic Details
| Other authors / contributors: | Stotsky, Janet Gale, author.
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| ISBN: | 1452702497
9781452702490
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| Notes: | Includes bibliographical references (pages 15-16).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Annotation Financial transactions taxes have recently gained attention as a possible means to influence the behavior of financial markets and to reduce destabilizing capital flows. One variation is a tax on all foreign currency conversions, often termed a Tobin tax. This paper suggests that these taxes would probably not produce the desired effects and would be difficult to design and implement. It is unclear that the possible advantages in reducing some short-term speculative trading would outweigh the possible disadvantages in impairing the efficiency of financial markets. from an administrative perspective, without a broad international consensus and application, these taxes are likely to be easily avoided.
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| Other form: | Print version: Shome, Parthasarathi, 1950- Financial transactions taxes. [Washington, DC] : International Monetary Fund, 1995
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