Bonus
Lehman Brothers is Dead - Long Live Lehman Brothers
Transcript of a Keynote Speech I delivered In Berlin on the 15th Sept 2010
The world has been rocked by the most major financial and economic crisis in recent history. This exposed several aspects of financial system dysfunction. These not only increased the instability of the financial markets but also impeded their normal functioning as tools to allocate economic resources efficiently throughout the real economy.
Financial Transaction Taxes: Tools for Progressive Taxation and Improving Market Behaviour
Financial Transaction Taxes: Tools for Progressive Taxation and Improving Market Behaviour. The discussion on financial transaction taxes is reaching a climax. There have been several suggestions for the form such a tax should take and many estimates for how much revenue levying such taxes would generate often running into hundreds of billions of dollars.
In a new Re-Define policy brief we have addressed the all important question of the incidence of financial transaction taxes, seeking to answer the question ‘who pays in the end’, should FTTs be widely introduced. We also demonstrate how a differentiated transaction tax regime can address market behaviour issues such as churning and excessive short termism as well as help reduce systemic risk.
