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How Well do Foreign Exchange Markets Function: Might a Tobin Tax Help?

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NBER1996-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5422
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Figures for 1995 estimate trading by dealers in the foreign exchange market at over $1,200 billion per day, most of it with other dealers. Some have linked this volume to concerns of excessive volatility in the market. Tobin's proposal to address this volatility with a small tax on all foreign
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1996-01-01
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