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m bank deposits in tax havens. BI Norwegian Business School, University of Copenhagen and Stockholm Institute of Transition Economics. Baker, D., Pollin, R., McArthur, T. and Sherman, M. (2009). The potential revenue from financial transac- tions taxes. PERI Working Paper 212. Amherst, MA: Political

By level of country's debt as %of GDP 1 - 0 0 to 30 30 to 60 60 to 90 Above 90 Reinhart and Rogoff, 2010: mean I= median Herndon, Ash and Pollin, 2013: MI mean 2 3 Source: "Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogoff" by Thomas Herndon, Mi