The Tobin Tax in a Continuous-time Non-linear Dynamic Model of the Exchange rate

Giancarlo Gandolfo

No 1221, ASSRU Discussion Papers from ASSRU - Algorithmic Social Science Research Unit

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’ prot and inuences the dynamics of the system making it more stable and less prone to chaotic motion.

Keywords: Tobin tax; exchange rate; chaos; continuous-time non-linear dynamics (search for similar items in EconPapers)
JEL-codes: C49 C61 F31 F37 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-pub
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Journal Article: The Tobin tax in a continuous-time non-linear dynamic model of the exchange rate (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:trn:utwpas:1221

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