International Financial Flows and Transactions Taxes : Survey and Options »
Journal Issue
Volume/Issue: 1995/60
Series: IMF Working Papers
Author(s): P. Spahn
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 1995
DOI: http://dx.doi.org/10.5089/9781451847994.001
ISBN: 9781451847994
Keywords: exchange rate, foreign exchange, financial markets, exchange rates, exchange markets
Tobin has suggested that exchange rate volatility be controlled through a tax on international financial transactions. This analysis shows that the Tobin tax as a pure transaction tax is not viable. The tax would i...