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| Author: | Langmore, J. |
| Title: | Restructuring economic and financial power. The potential role of a foreign exchange-transaction levy |
| Journal: | Futures
1995 : MAR, VOL. 27:2, p. 189-194 |
| Index terms: | UNITED NATIONS FINANCE POWER |
| Language: | eng |
| Abstract: | National fiscal and monetary policy are dominated by financial markets, and the obsession of these markets with inflation is forcing governments to neglect other crucial economic and social goals such as growth of employment and reduction of poverty. Exchange rate volatility also adds to business costs and risk. Introduction of a small international levy on foreign exchange transactions would reduce short-term speculation and so the power or the markets to influence interest rates and to destabilize exchange rates. |
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