Mar 28 2011

IMF paper endorses taxing derivative liabilities

Posted by: Nick Shaxson in: Thoughts

Apologies for the lack of posts in the last week. I’ve been on (an excellent) week’s holiday.

This short post merely makes the link to an IMF Working Paper, whose introduction says:

The paper suggests that a tax on derivative liabilities could make the OTC derivatives market safer.

Looks interesting (I haven’t read it yet, and have loads of emails to catch up on first: comments anyone?) This is about shadow banking, which as I explain in Treasure Islands, is not the same as, but is intimately linked to, offshore finance.

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