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The Tobin Tax: Coping with Financial Volatility

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 | #3063450 in eBooks |  1996-07-11 |  1996-07-10 | File type: PDF

|| |"This book offers serious consideration of the Tobin tax, one of the most intriguing potential ways to stabilize UN financing without damaging sovereignty or distorting market flaws."--Barber Conable, President and Executive Director, The World Bank, 1986-1991

In his 1972 Janeway Lectures at Princeton, James Tobin, the 1981 Nobel Prize winner for economics, submitted a proposal for a levy on international currency transactions. The idea was not greeted with enthusiasm, as the 1970s were a period of optimism and confidence in floating exchange rages. Yet, whenever currency crises erupted during the past decades, the proposal for a levy on international currency transactions would once again arise. In the 1990s, two additional f...

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