I was told about an economist that suggested a fix for controlling the international banking industry by (among other things) charging a very small surcharge for every single transaction.
The theory being that this would increase stability since people would be loathe to move their money as often (this would prevent situation such as the Asian meltdown, as investors would not be moving their money as much or as suddenly).
This is a VERY garbled version of what was told me, and I want more detail but I dont remember the name of the guy who wrote the original paper and I can’t ask the guy who told me about it. If some kind soul can make heads or tails about what i just wrote I would be very appreciative.
Only other thing I can say about him is that he MAY have received an award for the paper.
