The Impact of the Tobin Tax in a Heterogeneous Agent Model of the Foreign Exchange Market
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چکیده
منابع مشابه
The Impact of the Tobin Tax in a Heterogeneous Agent Model of the Foreign Exchange Market
We explore possible effects of a Tobin tax on exchange rate dynamics in a heterogeneous agent model. To assess the impact of the Tobin tax in this framework, we extend the model of De Grauwe and Grimaldi (Eur Econ Rev 50(1):1–33, 2006) by including transaction costs and perform numerical simulations. Motivated by the importance of the market microstructure, we choose to model the market as bein...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2015
ISSN: 1556-5068
DOI: 10.2139/ssrn.2643369