CONT–BOUCHAUD PERCOLATION MODEL INCLUDING TOBIN TAX
نویسندگان
چکیده
منابع مشابه
Tobin Tax and Market Depth
This paper investigates-on the basis of the Cont-Bouchaud model-whether a Tobin tax can stabilize foreign exchange markets. Compared to earlier studies, this paper explicitly recognizes that a transaction tax-induced reduction in market depth may increase the price responsiveness of a given order. We find that the imposition of a transaction tax may still achieve a triple dividend: (1) exchange...
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ژورنال
عنوان ژورنال: International Journal of Modern Physics C
سال: 2002
ISSN: 0129-1831,1793-6586
DOI: 10.1142/s0129183102003917