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International regulatory reform and financial taxes


Alexander, Kern (2010). International regulatory reform and financial taxes. Journal of international economic law : JIEL, 13(3):893-910.

Abstract

This article examines the effectiveness and feasibility of some of the main proposals for financial taxes by analysing their economic rationale and impact and some related international trade law issues regarding their implementation. The advantages and disadvantages are considered in terms of their effect on risk mitigation, market liquidity and the provision of sustainable revenue. The article suggests that financial transaction taxes, especially those applied to currency transactions and exchange-traded and over-the-counter derivatives, could serve regulatory objectives while raising adequate revenue to assist governments in paying for the social costs of financial crises and providing global public goods.

Abstract

This article examines the effectiveness and feasibility of some of the main proposals for financial taxes by analysing their economic rationale and impact and some related international trade law issues regarding their implementation. The advantages and disadvantages are considered in terms of their effect on risk mitigation, market liquidity and the provision of sustainable revenue. The article suggests that financial transaction taxes, especially those applied to currency transactions and exchange-traded and over-the-counter derivatives, could serve regulatory objectives while raising adequate revenue to assist governments in paying for the social costs of financial crises and providing global public goods.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:02 Faculty of Law > Institute of Legal Sciences > Business Law
Dewey Decimal Classification:340 Law
Language:English
Date:2010
Deposited On:28 Feb 2011 10:20
Last Modified:07 Dec 2017 07:50
Publisher:Oxford University Press
ISSN:1369-3034
Publisher DOI:https://doi.org/10.1093/jiel/jgq036
Related URLs:http://jiel.oxfordjournals.org/ (Publisher)
http://opac.nebis.ch/F/?local_base=NEBIS&con_lng=GER&func=find-b&find_code=SYS&request=004397666

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