What Price Financial Stability? Evaluating the European Union Financial Transactions Tax
Andrew W. Hartlage
August 4, 2014
Virginia Journal of International Law Digest, Vol. 55, pp. 1-12
U of Michigan Law & Econ Research Paper
Five years after the onset of the global financial crisis, Europe’s financial system remains vulnerable to systemic threats. As part of continuing reform efforts, the European Commission has proposed levying a tax on financial transactions such as sales or exchanges of securities. This Essay argues that the proposed tax does little to solve the problems of financial instability in Europe and that the tax threatens to undermine concurrent regulatory efforts to improve financial stability.
Number of Pages in PDF File: 12
Date posted: August 6, 2013 ; Last revised: August 6, 2014