Research Seminar
September 13 at 4.40 pm, room 3211 (Shabolovka st., 26)
Speaker:Udara Peiris (ICEF & CAS)
Speaker:Udara Peiris (ICEF & CAS)
On Thursday, September 13 at 4.40 pm International College of Economics and Finance and International Laboratory of Financial Economics held the Research Seminar in Finance.
Speaker: Udara Peiris (ICEF & CAS)
Theme: «Global Imbalances and Taxing Capital Flows» with Charles Goodhart and Dimitrios Tsomocos
Venue: Shabolovka st., 26, room 3211
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.
