More academic research finds positive benefits of an FTT
Posted on November 12th, 2010 by Ned Kelly
Adding to the mounting academic research on the benefits of the FTT (Financial Transactions Tax) is economist Stephan Schulmeister’s paper delivered at an IMF seminar earlier this month. In it he argues that the tax has the potential to stabilise markets by limiting the magnitude of “long swings” in asset prices. Of particular interest is his discussion on the implementation of the tax. He also says there is an option to introduce a FTT by forerunner countries without severely impinging on their financial markets.
For all those budding economists out there, the link is here:
http://stephan.schulmeister.wifo.ac.at/fileadmin/homepage_schulmeister/files/FinSpec_IMF_10_10.pdf
