There have been various calls for the introduction of a Financial Transaction Tax (otherwise known as a Robin Hood Tax or a Tobin Tax) in recent times. The EU Commission published a proposal for an EU-wide Financial Transaction Tax on the 28th of September 2011. John Vella, Clemens Fuest and Tim...

In September 2011 the EU Commission put forward a proposal for an EU-wide Financial Transaction Tax. This article assesses the proposal. It starts by looking at the design of the tax before moving on to the objectives it is meant to achieve. Two questions are asked in relation to each objective:...

Shipping goods internationally is risky and takes time. To allocate risk and to finance the time gap between production and sale, a range of payment contracts is utilized. I study the optimal choice between these payment contracts considering one shot transactions, repeated transactions and...