Terzi, Andrea - Dipartimento di Scienze Aziendali, Economiche e Metodi … - 2003
The desirability of a transactions tax in the foreign exchange market, or Tobin tax, depends on whether the tax deters short-term, destabilizing trade. While supporters claim that the tax would be a deterrent for short-term capital flows, critics contend that the deterrent capability of the tax...