EconPapers    
Economics at your fingertips  
 

Financial transactions tax: panacea, threat, or damp squib ?

Patrick Honohan and Sean Yoder

No 5230, Policy Research Working Paper Series from The World Bank

Abstract: 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.

Keywords: Debt Markets; Emerging Markets; Taxation&Subsidies; Banks&Banking Reform; Economic Theory&Research (search for similar items in EconPapers)
Date: 2010-03-01
New Economics Papers: this item is included in nep-acc, nep-ban and nep-pbe
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www-wds.worldbank.org/external/default/WDSC ... ered/PDF/WPS5230.pdf (application/pdf)

Related works:
Journal Article: Financial Transactions Tax: Panacea, Threat, or Damp Squib? (2011) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:5230

Access Statistics for this paper

More papers in Policy Research Working Paper Series from The World Bank 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Roula I. Yazigi ().

 
Page updated 2025-03-22
Handle: RePEc:wbk:wbrwps:5230