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.
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页码：1629 / 1643
页数：15
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