Yoder, Sean
Financial Transactions Tax Panacea, Threat, Or Damp Squib ? / Yoder, Sean [electronic resource] : Yoder, Sean - Washington, D.C., The World Bank, 2010 - 1 online resource (37 p.) - Policy research working papers. World Bank e-Library. .
Attempts to raise a significant percentage of gross domestic product in revenue from a broad-based financial transactions tax are likely to fail both by raising much less revenue than expected and by generating far-reaching changes in economic behavior. Although the side-effects would include a sizable restructuring of financial sector activity, this would not occur in ways corrective of the particular forms of financial overtrading that were most conspicuous in contributing to the crisis.
10.1596/1813-9450-5230
Banking assets
Banks & Banking Reform
Currency
Debt Markets
Derivative
Derivative transactions
Economic efficiency
Economic Theory & Research
Emerging Markets
Equities
Finance and Financial Sector Development
Financial assets
Financial system
Fiscal deficits
Government policy
Gross domestic product
International bank
Macroeconomics and Economic Growth
Market failures
Private Sector Development
Reserve
Reserve requirements
Securities
Securities transactions
Tax
Taxation & Subsidies
Transaction
Transparency
Financial Transactions Tax Panacea, Threat, Or Damp Squib ? / Yoder, Sean [electronic resource] : Yoder, Sean - Washington, D.C., The World Bank, 2010 - 1 online resource (37 p.) - Policy research working papers. World Bank e-Library. .
Attempts to raise a significant percentage of gross domestic product in revenue from a broad-based financial transactions tax are likely to fail both by raising much less revenue than expected and by generating far-reaching changes in economic behavior. Although the side-effects would include a sizable restructuring of financial sector activity, this would not occur in ways corrective of the particular forms of financial overtrading that were most conspicuous in contributing to the crisis.
10.1596/1813-9450-5230
Banking assets
Banks & Banking Reform
Currency
Debt Markets
Derivative
Derivative transactions
Economic efficiency
Economic Theory & Research
Emerging Markets
Equities
Finance and Financial Sector Development
Financial assets
Financial system
Fiscal deficits
Government policy
Gross domestic product
International bank
Macroeconomics and Economic Growth
Market failures
Private Sector Development
Reserve
Reserve requirements
Securities
Securities transactions
Tax
Taxation & Subsidies
Transaction
Transparency