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

Giancarlo Gandolfo

Cambridge Journal of Economics, 2015, vol. 39, issue 6, 1629-1643

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.

Date: 2015
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Working Paper: The Tobin Tax in a Continuous-time Non-linear Dynamic Model of the Exchange rate (2012)
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