Cont-Bouchaud percolation model including Tobin tax

Gudrun Ehrenstein

Papers from arXiv.org

Abstract: The Tobin tax is an often discussed method to tame speculation and get a source of income. The discussion is especially heated when the financial markets are in crisis. In this article we refer to foreign exchange markets. The Tobin tax should be a small international tax affecting all currency transactions and thus consequently reducing the destabilizing speculations. In this way this tax should take over a control function. By including Tobin tax in the microscopic model of Cont and Bouchaud one finds that Tobin tax could be the right method to control foreign exchange operations and get a good source of income

Date: 2002-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (24)

Downloads: (external link)
http://arxiv.org/pdf/cond-mat/0205320 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:cond-mat/0205320

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().