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Giancarlo Gandolfo, The Tobin tax in a continuous-time non-linear dynamic model of the exchange rate, Cambridge Journal of Economics, Volume 39, Issue 6, November 2015, Pages 1629–1643, https://doi.org/10.1093/cje/bev054
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Abstract
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.
© The Author 2015. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.
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