Tobin tax, regulation may win favour-Swede cbanker

SWEDEN - Capital market regulation and the idea of a levy on speculative foreign exchange transactions, a "Tobin tax", may gain favour among politicians after a decade of currency crises, Sweden's central bank said on Monday.

Riksbank Deputy Governor Villy Bergstrom listed the currency crises in Europe, including Sweden, in 1992-93, Mexico 1994-95, South East Asia in 1997, Russia in 1998, Brazil in 1999, Turkey in 2001 and Argentina this year and said:

"All of these crises have had at least one