The Impact of Financial Sector Taxation on Financial Market Stability

Malgorzata Twarowska and Jolanta Szolno-Koguc
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Malgorzata Twarowska: Maria Curie Sklodowska University, Poland
Jolanta Szolno-Koguc: Maria Curie Sklodowska University, Poland

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Abstract: The aim of this paper is to assess the effects of financial sector taxation. The positive arguments of the introduction of such taxes include need to create and financing the funds of the orderly liquidation or recovery under the European Recovery Plan and Resolution Regime. The negative consequences is worsening the conditions of competition and the cost of bank credit and rising prices. The purpose of this article is also to answer the question whether the empirical analyses confirm the potential of Financial Transaction Tax to reducing the scale of speculations on the financial markets. The article contains characteristic of different Financial Transaction Taxes applied in OECD member states and the impact of the Financial Transaction Tax on the scale of market speculation.

Keywords: financial transaction tax; stability function; financial crisis; financial markets; European Union; globalization (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:tkp:mklp14:213-219

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