The Tobin tax in a continuous-time non-linear dynamic model of the exchange rate

被引：0

作者：

Gandolfo, Giancarlo ^{[1
,2
]}

机构：

[1] Accademia Nazl Lincei, Rome, Italy

[2] CESifo, Munich, Germany

来源：

CAMBRIDGE JOURNAL OF ECONOMICS | 2015年 / 39卷 / 06期

关键词：

Tobin tax; Exchange rate; Chaos; Continuous-time non-linear dynamics; EURO/DOLLAR;

D O I：

10.1093/cje/bev054

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Starting from a new continuous-time non-linear dynamic model of the exchange rate, we formally show that the introduction of a Tobin tax reduces speculators' profit and influences the dynamics of the system, making it more stable and less prone to chaotic motion.

引用

页码：1629 / 1643

页数：15

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