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How Many Cheers for the Tobin Transactions Tax?

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  • Arestis, Philip
  • Sawyer, Malcolm

Abstract

This paper seeks to evaluate the strength of the case for a financial transactions tax, judged against the three rationales which have been proposed for such a tax: the excessive volume of short-term foreign exchange transactions and their effects on exchange rate volatility; the revenue-raising potential of the tax; and the possible enhancement of the autonomy of national economic policy to which it might lead. Copyright 1997 by Oxford University Press.

Suggested Citation

  • Arestis, Philip & Sawyer, Malcolm, 1997. "How Many Cheers for the Tobin Transactions Tax?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 21(6), pages 753-768, November.
    • Handle: RePEc:oup:cambje:v:21:y:1997:i:6:p:753-68
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    Citations

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    Cited by:

    1. Neil McCulloch & Grazia Pacillo, 2010. "The Tobin Tax A Review of the Evidence," Working Paper Series 1611, Department of Economics, University of Sussex Business School.
    2. Philip Arestis, 1999. "The Independent European Central Bank: Keynesian Alternatives," Macroeconomics 9908004, University Library of Munich, Germany.
    3. Yiannis Kitromilides & Ana Rosa González, 2013. "The EU Financial Transactions Tax: Antecedents and Current Debate," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 60(3), pages 311-321, May.
    4. Bruno Jetin, 2003. "How can a Currency Transaction Tax Stabilize Foreign Exchange Markets?," Post-Print halshs-03211712, HAL.
    5. Haberer, Markus, 2003. "Some Criticism of the Tobin Tax," CoFE Discussion Papers 03/01, University of Konstanz, Center of Finance and Econometrics (CoFE).
    6. Suzanne de Brunhoff & Bruno Jetin, 2000. "The Tobin Tax and the Regulation of Capital Movements," Post-Print halshs-03212812, HAL.
    7. Malcolm Sawyer, 1998. "The Kaleckian Analysis and the New Mellinium," Macroeconomics 9805001, University Library of Munich, Germany, revised 01 Sep 1998.
    8. Malcolm Sawyer, 1999. "The Kaleckian Analysis and the New Millennium," Review of Political Economy, Taylor & Francis Journals, vol. 11(3), pages 303-319.
    9. Anna M.Variato, 2003. "The Keynesian Root of the Tobin tax," Working Papers (-2012) 0305, University of Bergamo, Department of Economics.
    10. Haberer, Markus, 2003. "Portfolio Choice and Transactions Taxes," CoFE Discussion Papers 03/09, University of Konstanz, Center of Finance and Econometrics (CoFE).
    11. Alexander Mende & Lukas Menkhoff, 2003. "Tobin Tax Effects Seen from the Foreign Exchange Market's Microstructure," International Finance, Wiley Blackwell, vol. 6(2), pages 227-247, July.
    12. Korkut Erturk, "undated". "A Note on the Tobin Tax," Working Paper Series, Department of Economics, University of Utah 2003_05, University of Utah, Department of Economics.
    13. André de Melo Modenesi & Rui Lyrio Modenesi, 2015. "Capital Controls and Financial Liberalization: Removing the Ideological Bias in Light of the Contribution of Keynes and Others and the Recent Experience," Discussion Papers 0183, Instituto de Pesquisa Econômica Aplicada - IPEA.

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