International currency taxation and currency stabilisation in developing countries

被引：11

作者：

Bird, G ^{[1
]}

Rajan, RS

机构：

[1] Univ Surrey, Surrey Ctr Int Econ Studies, Guildford GU2 5XH, Surrey, England

[2] Univ Adelaide, Sch Econ, Adelaide, SA 5005, Australia

[3] Inst SE Asian Studies, Singapore, Singapore

来源：

JOURNAL OF DEVELOPMENT STUDIES | 2001年 / 37卷 / 03期

关键词：

D O I：

10.1080/00220380412331321951

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

Completely flexible exchange rates may be 'excessively' volatile, with the implied currency, misalignments leading to real inefficiencies in resource allocation and detrimental effects on economic growth. This article analyses whether international currency taxation would be effective in calming exchange rate volatility and avoiding currency crises within the context of a simple model of exchange rate determination. It is found that the effects of a tax on foreign exchange volatility depend on the nature of speculation and whether the focus is on capital inflows or outflows.

引用

页码：21 / 38

页数：18