Bank Transaction Taxes: International Evidence and Potential Implications for Greece

Hiona Balfoussia, Dimitrios Malliaropulos, Dimitris Papageorgiou and Athanasios Tagkalakis

Chapter 10 in Taxation in Crisis, 2017, pp 235-267 from Palgrave Macmillan

Abstract: Abstract This chapter studies a particular case of financial transaction tax, namely, the bank transaction tax—that is, a tax imposed on any payment, withdrawal, or transfer made via the banking system. We review the relevant academic literature on countries which have employed the tax. Moreover, we use Greece as a case study of what the bank transaction tax would imply for a peripheral euro-area economy during the crisis, both in the context of a meta-analysis of existing literature as well as using a micro-founded dynamic stochastic general equilibrium (DSGE) model with a detailed financial sector and an appropriate shock. We conclude that, while the bank transaction tax has some advantages, its imposition also has a number of negative implications.

Date: 2017
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:pal:pmschp:978-3-319-65310-5_10

Ordering information: This item can be ordered from
http://www.palgrave.com/9783319653105

DOI: 10.1007/978-3-319-65310-5_10

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().