This paper focuses on the European Commission's proposals to include the repo market–a
market systemic to European (shadow) banking–in the financial transactions tax (FTT). It …

The idea of introducing a general financial transaction tax (FTT) has recently attracted rising
attention. There are three reasons for this interest: First, the economic crisis was deepened …

The paper summarises at first the main arguments in favour and against a FTT and provides
empirical evidence about the movements of the most important asset prices. It is shown that …

This study presents in detail the concept of a financial transaction tax (FTT) and the
theoretical and empirical evidence in favour and against introducing it, the potential …

Erratum: In the above published version, the ratio between financial transactions and
nominal GDP was erroneously reduced by the factor 0.01. Hence, the description of the y …

The struggle over the FTT has developed in three phases. In the first phase (2009 to 2011)
the supporters of the tax went on the offensive, supported by the" shock effects" of the …

This paper begins with a puzzle. Over the past three decades, trading in asset markets has
become progressively more short-term oriented (" faster"), with traders attempting to exploit …

The Financial Transaction Tax (FTT) has been a spearhead demand of civil society for some
15 years now. Initially put on the table by the UNDP in 1996 as an instrument of innovative …

2 1 Introduction and firms in particular. Taxation exists for our personal income, for a firm's
profits, for almost every sale of goods and services, for our wealth and property assets, and …

The deepening of the recent crisis was driven by the simultaneous devaluation of stock
wealth, housing wealth and commodity wealth. The potential for this devaluation process …