Tobin tax CJE references

Chris Burford cburford at gn.apc.org
Mon Jun 8 11:09:10 PDT 1998


Thanks for address, Andrew.

Two abstracts from the Cambridge Journal of Economics on the Tobin tax.

Chris Burford

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Cambridge Journal of Economics, Volume 21, Issue 6: November 1997.

Commentary. Exchange rate instability and the Tobin tax

JG Smith

Robinson College, Cambridge, UK

Professor Tobin's proposal for a tax on foreign exchange transactions is attracting renewed attention in view of its growing revenue potential and concern at the instability of currency markets. This article considers a volume of essays on the possible effects and feasibility of the tax, and a report for the IMF proposing a two-tier variant of the tax. It goes on to discuss the principles on which a new and more stable exchange rate regime should be based.

Pages 745-752

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Cambridge Journal of Economics, Volume 21, Issue 6: November 1997.

How many cheers for the Tobin tax?

P Arestis and M Sawyer1

University of East London, London, UK, 1University of Leeds, UK

This paper seeks to evaluate the strength of the case for a financial transactions tax, judged against the three rationales which have been proposed for such a tax: the excessive volume of sort-term foreign exchange transactions and their effects on exchange rate volatility; the revenue-raising potential of the tax; and the possible enhancement of the autonomy of national economic policy to which it might lead.

Pages 753-768



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