Financial liabilities on financial transactions in Turkey and some selected countries and some suggestions for Turkey

Due to the idea that financial liberalization would be the enabler of economic growth for both developed and developing countries, developed and developing countries joined the financial liberalization flow and reduced or abolished financial obligations on capital. However, the financial liberalization movement did not produce positive results for all countries and increased the fragility of the economies of the relevant countries. In the event that countries with increasing economic fragility experience a crisis, it has become easier for other countries to be affected by the crises due to globalization. For this reason, it has been started to think that imposing financial obligations on financial transactions in order to minimize the negative effects of financial liberalization and globalization on economies will provide solutions to existing problems. Many economists have written about the financial obligations to be imposed on financial transactions, and many countries have applied different forms of taxes or different obligations to avoid crises. In this study, financial institutions, financial transactions, the purpose of liabilities on financial transactions, the suggestions made by economists and financial liabilities on financial transactions in Turkey and some selected countries are examined. In the conclusion part, some suggestions were made for Turkey.