The Tobin Tax: Coping With Financial Volatility - Couverture rigide

 
9780195111804: The Tobin Tax: Coping With Financial Volatility
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ISBN 10 : 019511180X ISBN 13 : 9780195111804
Editeur : Oxford University Press Inc, 1996

Synopsis

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 facts have sharpened interest in the Tobin tax proposal. First is the growing volume of foreign exchange trading. Second, interest is coming not only from policymakers and experts concerned with the smooth functioning of financial markets. It is shared by those concerned with public financing of development--the fiscal crisis of the state as well as the growing need for international cooperation on problems such as the environment, poverty, peace and security.

This work makes a systematic analysis of the proposal for a foreign exchange transactions levy. Its chapters examine the economic desirability of such a levy, its technical and political feasibility, its revenue potential, the possible uses of that revenue, and related administrative and institutional aspects.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

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 facts have sharpened interest in the Tobin tax proposal. First is the growing volume of foreign exchange trading. Second, interest is coming not only from policymakers and experts concerned with the smooth functioning of financial markets. It is shared by those concerned with public financing of development--the fiscal crisis of the state as well as the growing need for international cooperation on problems such as the environment, poverty, peace and security. This work makes a systematic analysis of the proposal for a foreign exchange transactions levy. Its chapters examine the economic desirability of such a levy, its technical and political feasibility, its revenue potential, the possible uses of that revenue, and related administrative and institutional aspects.

Revue de presse

The Tobin Tax is a superb overview of the issues surrounding the management of FX markets in an era when the speculative pressures in such markets are large and growing. ..Given the breadth of the perspectives and the quality of the essays, this book will be essential reading for anyone interested in the management of the world's FX markets, independent of their positions on any of the specific proposals. (Journal of Economic Issues)

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Oxford University Press Inc
Date d'édition
1996
Langue
anglais
ISBN 10 
019511180X
ISBN 13 
9780195111804
Reliure
Relié
Nombre de pages
336
Éditeur
Haq Mahbub Ul, Kaul Inge, Grunberg Isabelle
Coordonnées du fabricant
Buchpark GmbH
https://www.buchpark.de

Krügerweg 1
Trebbin
Brandenburg
14959
Allemagne

Autres éditions populaires du même titre

9780195111811: The Tobin Tax: Coping With Financial Volatility

Edition présentée

ISBN 10 :  0195111818 ISBN 13 :  9780195111811
Editeur : Oxford University Press Inc, 1996
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