TOBIN TAX IN CONTROLLING GLOBAL LEVEL CAPITAL MOVEMENTS: TURKISH CASE

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For years, developing countries have been using foreign capital investmens as a tool for financing public deficits. Foreign investments in the form of portfolio investmens leave the countries while the instability take over and the cost of this situation appears as crisis in these countries. In order to eliminate the negative aspects of capital flows, countries primarily take precautions towards controlling these capital movements. Tobin tax, a type of application developed for this purpose, have recently begun to be discussed among the countries. In the process of globalization, as well as godds service movements, the liberalization of capital Exchange between countries has important implicating for Turkey, too. Therefore, the aim of this study is to determine the applicability of Tobin tax controling Turkey’s foreign capital movements.

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Capital Movements , Tobin Tax

Erciyes University Journal Of Economics an‎d Administrative Sciences

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Erciyes University Journal Of Economics an‎d Administrative Sciences