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Revisiting the Tobin Tax, in the Context of Development and the Financial Crisis

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  • Yates Nicholas A

    (University of New South Wales)

Abstract

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.

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  • Yates Nicholas A, 2009. "Revisiting the Tobin Tax, in the Context of Development and the Financial Crisis," The Law and Development Review, De Gruyter, vol. 2(1), pages 257-282, November.
    • Handle: RePEc:bpj:lawdev:v:2:y:2009:i:1:n:10
    DOI: 10.2202/1943-3867.1039
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