Global Imbalances and Taxing Capital Flows

B-Tier
Journal: International Journal of Central Banking
Year: 2013
Volume: 9
Issue: 2
Pages: 13-44

Authors (3)

C. A. Goodhart (not in RePEc) M. U. Peiris (not in RePEc) D. P. Tsomocos (Oxford University)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study a monetary economy with two large open economies displaying net real and financial flows. If default on cross-border loans is possible, taxing financial flows can reduce its negative consequences. In doing so it can improve welfare unilaterally, in some cases in a Pareto sense, via altering the terms of trade and reducing the costs of such default.

Technical Details

RePEc Handle
repec:ijc:ijcjou:y:2013:q:2:a:1
Journal Field
Macro
Author Count
3
Added to Database
2026-01-29