A new report from War on Want, The Global Gamblers, British Banks and the Foreign Exchange Game, finds that banks profit substantially from trading foreign currency during periods of financial instability. The report finds that the imposition of a Tobin Tax on currency transactions could help to reduce instability in financial markets and allow policy makers greater independence to implement macroeconomic policies.
The report is available from War on Want, 37-38 Great Guildford Street, London SE1 0ES, priced £10.
