Economics professor David VanHoose puts forward a vigorous argument against using taxes to control bank behavior and protect the banking system from future shocks. He contends that such measures would prove ineffective in real-world banking. Though some of VanHoose’s assumptions will meet with opposition, getAbstract believes his ideas will trigger discussions on banking tax among finance professionals, regulators and government policy makers.
About the Author
David VanHoose is an economics professor at the Hankamer School of Business at Baylor University.