Selected Regulations of Financial Markets after the Great Recession — a Review of Tax Changes

Radosław Ślusarczyk

doi:10.56583/br.492

Published : 2016-11-22

Vol. 14 No. 3 (2016)

Selected Regulations of Financial Markets after the Great Recession — a Review of Tax Changes

Radosław Ślusarczyk

DOI: https://doi.org/10.56583/br.492

Abstract

The financial market plays an essential function in the modern market economy. This role determines the importance that it has for the proper functioning of economic growth achieved by individual countries. In particular, this relationship was revealed during the Great Recession. In order to limit the negative effects that the financial market abuses has had on the real economy, legislative bodies of many countries in the world have decided to strengthen their supervision and regulation. The aim of the article is to verify the hypothesis stated by H. Minsky about the process of the creation of “thwarting systems” after financial crises. To achieve this, analysis of a review of regulations regarding financial market taxation introduced in various countries has been conducted. The results confirm H. Minsky’s hypothesis. This article presents also the theoretical aspect of the regulation of financial markets and discusses the issue of using tax as a tool for shaping the behavior of entities functioning on that market.

Keywords:

financial crisis, financial market regulations, taxation of financial market

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Ślusarczyk, R. (2016). Selected Regulations of Financial Markets after the Great Recession — a Review of Tax Changes. Regional Barometer. Analyses & Prognoses, 14(3), 41–49. https://doi.org/10.56583/br.492

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