Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

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.

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