01774cas a2200253 a 4500 AALejournalIMF004708 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451849950 1018-5941 BD-DhAAL BD-DhAAL Stotsky, Janet. Financial Transactions Taxes / Janet Stotsky, Parthasarathi Shome. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Financial transactions taxes have recently gained attention as a possible means to influence the behavior of financial markets and to reduce destabilizing capital flows. One variation is a tax on all foreign currency conversions, often termed a 'Tobin tax.' This paper suggests that these taxes would probably not produce the desired effects and would be difficult to design and implement. It is unclear that the possible advantages in reducing some short-term speculative trading would outweigh the possible disadvantages in impairing the efficiency of financial markets. From an administrative perspective, without a broad international consensus and application, these taxes are likely to be easily avoided. Mode of access: Internet Shome, Parthasarathi. IMF Working Papers; Working Paper ; No. 1995/077 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/077/001.1995.issue-077-en.xml IMF e-Library