Tobin tax and unilateral action

["Alan C. Hudson" <ach1005@xxxxxxxxxxxxxxxx>]

> but this is just as true with a Tobin Tax.
>
wrote

> Paul D.
in reference to the impossiblity of unilateral regulation of capital flows.

Sure I agree but I don't think muitilateral controls are impossible at
all. The BIS Dual Key supervision system is an excellent example of the
way in which a regulatory framework can be set up to turn a competitive
deregulation system into a virtuous (as far as the regulations are) circle.

Yours,
Alan

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Alan C. Hudson,

Department of Geography,		and		Fitzwilliam College,
University of Cambridge,				Cambridge,
CB2 3EN,						CB3 0DG,
United Kingdom.						United Kingdom.

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