Article
Licensed
Unlicensed
Requires Authentication
Revisiting the Tobin Tax, in the Context of Development and the Financial Crisis
-
Nicholas A Yates
Published/Copyright:
November 10, 2009
In the climate of a global financial crisis the problem of financial stability is particularly potent, especially given the difficulties faced around the world in both developed and developing countries. A defence for future crises alongside a means of improving global development problems could possibly be found in the oft-debated Tobin tax. Furthermore, it is shown that the possibilities for global improvement as a result of such a move are too important to be disregarded without proper consideration. As a result of extensive research of the arguments surrounding the tax, it is suggested that the time is ripe for a re-evaluation of Professor Tobin's suggestion.
Keywords: Tobin tax; development; global financial crisis; global recession; foreign currency exchange; currency transactions; Spahn tax
Published Online: 2009-11-10
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
You are currently not able to access this content.
You are currently not able to access this content.
Articles in the same Issue
- Article
- Developing Countries in the 21st Century WTO: New Contours of India's Global Engagement
- To What Extent Should Labor and Environmental Standards Be Linked to Trade?
- Debt-for-development Exchanges: The Origins of a Financial Technique
- Anarchy and Development: An Application of the Theory of Second Best
- Law in Asia: The Key Role of Law as a Productive Force for Development
- Competition Law as Development Policy: Evidence from Poland
- Suturing the Open Veins of Ecuador: Debt, Default and Democracy
- From Nominal to Substantive Democracy: The Role and Design of Election Management Bodies
- The Twin Failures of the CDM: Recommendations for the "Copenhagen Protocol"
- Revisiting the Tobin Tax, in the Context of Development and the Financial Crisis
- Decentralization of Development and Nation-Building Today: Reconstructing Colombia from the Margins of Bogotá
- Theoretical Basis and Regulatory Framework for Microtrade: Combining Volunteerism with International Trade towards Poverty Elimination
Keywords for this article
Tobin tax;
development;
global financial crisis;
global recession;
foreign currency exchange;
currency transactions;
Spahn tax
Articles in the same Issue
- Article
- Developing Countries in the 21st Century WTO: New Contours of India's Global Engagement
- To What Extent Should Labor and Environmental Standards Be Linked to Trade?
- Debt-for-development Exchanges: The Origins of a Financial Technique
- Anarchy and Development: An Application of the Theory of Second Best
- Law in Asia: The Key Role of Law as a Productive Force for Development
- Competition Law as Development Policy: Evidence from Poland
- Suturing the Open Veins of Ecuador: Debt, Default and Democracy
- From Nominal to Substantive Democracy: The Role and Design of Election Management Bodies
- The Twin Failures of the CDM: Recommendations for the "Copenhagen Protocol"
- Revisiting the Tobin Tax, in the Context of Development and the Financial Crisis
- Decentralization of Development and Nation-Building Today: Reconstructing Colombia from the Margins of Bogotá
- Theoretical Basis and Regulatory Framework for Microtrade: Combining Volunteerism with International Trade towards Poverty Elimination
