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International Financial Flows and Transactions Taxes : Survey and Options

Spahn, P. Bernd - 1995

Tobin has suggested that exchange rate volatility be controlled through a tax on international financial transactions. This analysis shows that the Tobin tax as a pure transaction tax is not viable. The tax would impair financial operations and create international liquidity problems. It is also...

Persistent link: https://www.econbiz.de/10014398137

Retarding Short-Term Capital Inflows Through withholding Tax

Zee, Howell H. - 2000

This paper proposes a price-based measure to mitigate the destabilizing impact of the volatility of global capital movements on the domestic economy of a country pursuing sound economic policies. The measure is a withholding tax on all private capital inflows, with a credit and refund provision...

Persistent link: https://www.econbiz.de/10014399912

Financial Transactions Taxes

Stotsky, Janet Gale - 1995

Financial transactions taxes have recently gained attention as a possible means to influence the behavior of financial markets and to reduce destabilizing capital flows. One variation is a tax on all foreign currency conversions, often termed a “Tobin tax.” This paper suggests that these...

Persistent link: https://www.econbiz.de/10014398239

Capital flows : the role of bank and nonbank balance sheets

Hashimoto, Yūko; Krogstrup, Signe - 2019

This paper assesses the role of bank and nonbank financial institutions' balance sheet foreign exposures and risk management practices in driving capital flow responses to global risk. Using a unique and previously unexplored dataset on domestic and cross border balance sheet positions of...

Persistent link: https://www.econbiz.de/10012019857

Drivers of cross-border banking in Sub-Saharan Africa

Mathieu, Paul; Pani, Marco; Chen, Shiyuan; Maino, Rodolfo - 2019

Using data collected from pan-African banks' (PABs), balance sheets and other sources (Orbis, Fitch), this study identifies some key patterns of cross-border investment in bank subsidiaries by key banking groups in sub-Saharan Africa (SSA) and discusses some of the determinants of this...

Persistent link: https://www.econbiz.de/10012102113

International fiscal-financial spillovers : the effect of fiscal shocks on cross-border bank lending

Choi, Sangyup; Furceri, Davide; Yoon, Chansik - 2019

This paper sheds new light on the degree of international fiscal-financial spillovers by investigating the effect of domestic fiscal policies on cross-border bank lending. By estimating the dynamic response of U.S. cross-border bank lending towards the 45 recipient countries to exogenous...

Persistent link: https://www.econbiz.de/10012102123

Financial openness and capital inflows to emerging markets : in search of robust evidence

Cerdeiro, Diego A.; Komaromi, Andras - 2019

We reassess the connection between capital account openness and capital flows in an empirical framework that is grounded in theory and makes use of previously unexplored variation in the data. We demonstrate how our theory-consistent regressions may overcome some ubiquitous measurement problems...

Persistent link: https://www.econbiz.de/10012103692

One ring to rule them all? : new evidence on world cycles

Monnet, Eric; Puy, Damien - 2019

We estimate world cycles using a new quarterly dataset of output, credit and asset prices assembled using IMF archives … and covering a large set of advanced and emerging economies since 1950. World cycles, both real and financial, exist and … time. Although this is true for prices (goods and assets), this not true for quantities (output and credit). The world …

Persistent link: https://www.econbiz.de/10012103742

Capital control measures : a new dataset

Klein, Michael W.; Rebucci, Alessandro; Schindler, Martin; … - 2015

Persistent link: https://www.econbiz.de/10011281620

Regulating capital flows at both ends : does it work?

Ghosh, Atish R.; Qureshi, Mahvash Saeed; Sugawara, Naotaka - 2014

Persistent link: https://www.econbiz.de/10010441920

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