This paper presents a portfolio approach to the question of the Eurodollar deposit multiplier and estimates the multiplier on this basis. This approach is offered as an alternative to the more conventional fixed-coefficient version of the multiplier model, which tends to ignore explicit...

During the 1960s the U. S. authorities adopted several capital control measures in an attempt to stem capital outflows and thus to improve the U. S. balance of payments--specifically, the Interest Equalization Tax (IET), the Voluntary Foreign Credit Restraint (VFCR) program, and the initially...

Increasingly short-term, opportunistic, adversarial politics has consistently constrained and compromised significant and genuine tax reform in Australia. This article reviews the various attempts at tax reform since Asprey in the mid-1970s, assesses the existing tax system and attempts to set...