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Saturday, November 7, 2020 | History

7 edition of The Tobin Tax found in the catalog.

The Tobin Tax

Coping with Financial Volatility

by

  • 295 Want to read
  • 38 Currently reading

Published by Oxford University Press, USA .
Written in English


Edition Notes

ContributionsMahbub ul Haq (Editor), Inge Kaul (Editor), Isabelle Grunberg (Editor)
The Physical Object
Number of Pages336
ID Numbers
Open LibraryOL7388106M
ISBN 100195111818
ISBN 109780195111811


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The Tobin Tax Download PDF EPUB FB2

Review. 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 growingGiven the breadth of the perspectives and the quality of the essays, this book will be essential reading for anyone interested in the management 5/5(1).

Democratising Globalisation: The Leverage of the Tobin Tax [Heikki Patomäki] on *FREE* shipping on qualifying offers. In the s Professor James Tobin proposed a very modest tax on currency transactions.

This would make much speculative movement of funds unprofitable and the world financial system less volatile. The Tobin tax. The New Rules for Global Finance Coalition is proud to announce the publication of a new volume of policy research.

This book, the second in a series, explores the argument for and against one of the most provocative policy proposals in the international economic policy arena - the Tobin Tax.

transactions, commonly known as the Tobin tax. Proponents argue that a Tobin tax is feasible, and would help reduce financial instability. Opponents counter that it is infeasible, and could even worsen instability.

This article examines the economic case for a Tobin tax, File Size: 1MB. In the s Professor James Tobin proposed a very modest tax on currency transactions. This would make much speculative movement of funds unprofitable and the world financial system less volatile.

The Tobin tax, if implemented with other regulatory measures, would be emancipatory. Drawing on the excellently summarizing book edited by ul Haq et al. () [ul Haq, M., Kaul, I. and Grunberg, I. () The Tobin Tax: Coping with Financial Volatility. Oxford University Press, New York], this paper discusses the pros and cons, concluding that there is a strong case for the Tobin by: 5.

A Survey of the Tobin Tax: There is a vast literature both supporting and opposing the Tobin tax. Alex C. Michalos () has written a comprehensive survey of both of these perspectives. What follows is a brief review of some of the arguments Michalos presents in his book, Good Taxes.

Arguments in favour of the Tobin Tax:File Size: KB. The formula for Tobin's Q ratio takes the total market value of the firm and divides it by the total asset value of the firm. For example, assume that a company has $35 million in assets.

It also has 10 million shares outstanding that are trading for $4 a share. Tobin Tax excerpted from the book No-Nonsense guide to Globalization interview with Robin Round Director of the Tobin Tax campaign of the Halifax Initiative, a coalition of Canadian NGOs What is the Tobin Tax.

In Nobel Prize-winning economist James Tobin proposed that a small worldwide tariff The Tobin Tax book than half of one per cent) be levied by. The debate about the Tobin tax, and other financial transaction taxes (FTTs), gives rise to strong views both for and against.

Unfortunately, little of the popular debate refers to the now. James Tobin. The publication of this book and the holding of the conference that preceded it testify to an active interest in my proposal for an international tax on foreign exchange transactions--the so-called Tobin tax.

The “ Tobin tax ” was originally proposed in the early s by James Tobin, an influential American macroeconomist and recipient of the Nobel prize for economics.

His idea was prompted by the collapse of the Bretton Woods system inwhich replaced an arrangement of fixed exchange rates ultimately based on. A key claim of Tobin tax proponents is that the Tobin tax can reduce currency volatility and damaging speculation. A natural starting point for discussion of this claim is the question of whether there is excess volatility in FX markets, and whether these markets are working well.

A Tobin tax is a tax on all trade of currency across borders. The first idea that it could be useful came from the economist James tax is meant to put a penalty on short-term speculation in currencies.

The proposed tax rate would be low, between % to %. Economics blog High-frequency trading is a blight on markets that the Tobin tax can cure A tax on financial transactions can calm the frenzy of speculation fuelled by computer-driven algorithms. ISBN: OCLC Number: Description: xxiii, pages ; 22 cm: Contents: Preface: Is the Tobin Tax Feasible / Erkki Tuomioja The Economics of Financial Instability The Power of Global Financial Actors Geoeconomics and Beyond: The Structural Power of Global Finance The Case for the Tobin Tax and Global Re.

Publications and Resources. Books: The Tobin Tax: Coping with Financial Volatility, () Mahbub ul Haq, Inge Kaul, and Isabelle Grunberg, York, London: Oxford University Press. The United Nations: Policy and Financing Alternatives: Innovative Proposals by Visionary Leaders, () Harlan Cleveland, Hazel Henderson, and Inge York: Apex Press.

In the s, James Tobin suggested a small tax on currency trades to ward off such eventualities, to decrease speculation, and to promote more long-term investing. The purpose of such a tax would be to reduce destabilizing trades, and the order of magnitude proposed is.

However, this average effect masks some important heterogeneity. In particular, when institutional investors have become a significant part of the traders’ pool, we find an opposite effect. Overall, our results suggest that a Tobin tax could work in an immature market, but can Cited by: 7.

James Tobin's basic proposal is for a small tax on currency transactions (CTT) as a measure to "throw sand in the wheels" of international financial markets in order to deter speculation without unduly interfering with trade or long-term investment.

Tobin's original proposal was for a tax on % or one half of a percentage point. A Tobin tax, which was suggested by the Nobel Memorial Prize in Economic Sciences Laureate economist James Tobin, was originally defined as a tax on all spot conversions of one currency into another.

Tobin’s original tax was intended to put a penalty on short-term financial round-trip excursions into another currency. Tobin tax, proposed tax on short-term currency transactions. A Tobin tax is designed to deter only speculative flows of hot money—money that moves regularly between financial markets in search of high short-term interest rates.

It is not meant to impact long-term investments. The shorter the investment cycle (i.e., the time between buying and selling a currency), the higher the effective. The idea of such a tax - often described as a Tobin tax or "Robin Hood" tax - was first outlined 40 years ago.

What is the Tobin Tax. It was put forward in. Buy The Tobin Tax Books online at best prices in India by Inge Kaul,Isabelle Grunberg,Mahbub Ul Haq from Buy The Tobin Tax online of India’s Largest Online Book Store, Only Genuine Products. Lowest price and Replacement Guarantee. Cash On Delivery Available.

He argued that the threat of business being relocated offshore could be prevented by imposing a penalty rate on transfers to tax havens, or to levy the Tobin tax. Impact of Tobin Taxes Octo Page 1 of 9 Executive Summary The term “Tobin taxes” may be thought of as a general reference to taxes imposed upon financial transactions.

Tobin or transaction taxes are motivated by the prospect of generating revenue; and, the prospect of dampening speculative activities and reducing market volatility.

- Author of "Tobin tax" James Tobin; - Supporter: Lawrence Summers, former president of Harvard University and economic advisor of US president Bill Clinton; to JPaul Bernd Spahn opposed the original form of the Tobin tax and proposed his.

Preface: Is the Tobin Tax Feasible / Erkki Tuomioja The Economics of Financial Instability The Power of Global Financial Actors Geoeconomics and Beyond: The Structural Power of Global Finance The Case for the Tobin Tax and Global Re-regulation Feasibility.

Overcoming the Technical Problems Politically Possible. Open Library is an open, editable library catalog, The Tobin tax on international monetary transactions by Tobin, James 1 edition - first published in Not in Library.

Is a negative income tax practical. by Tobin, James 1 edition - first published in Not in. The Tobin tax or Wall Street sales tax is rapidly gathering momentum worldwide, thanks above all to a bid by British Labour Party MPs to save themselves from all but certain defeat at the hands of the Tories by playing this great economic populist card, which they have dubbed the Robin Hood Tax.

(My book recommendations: War and Peace is a novel by the Russian author Leo Tolstoy, The Brothers Karamazov, The Idiot is a novel by the 19th-century Russian author Fyodor Dostoevsky) The dialog about death penalty from: "The Idiot" Fyodor Dostoevsky.

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CQ Press Your definitive resource for politics, policy and people. On 23 March the Canadian Parliament voted to ‘enact a Tobin Tax in concert with the international community’.

For three intense months people from across the country had written letters, signed petitions, penned newspaper articles and spoken out at public meetings. Tax avoidance would probably grow too, further reducing the Tobin tax's ability to yield revenue.

Two principal types are likely: first, the migration of the foreign exchange market to tax-free jurisdictions; and second, the substitution of tax-free for taxable transactions. Downloadable. This paper is an attempt to evaluate the strength of the link between the Tobin tax and the so-called Keynes tax, i.e.

a tax on security transactions suggested by Keynes in Chapter 12 of the General Theory. Starting from a literal comparison of the two projects, this work analyses the possibility of a common methodological background.

Tobin envisaged a global tax, which was impossible to avoid by moving financial markets offshore. The proceeds would be donated to developing countries. But today Italy is implementing the tax on. The Tobin Tax: a reformist utopia. Fri, 30/04/ - Heikki Patomäki.

Democratising Globalisation: The Leverage of the Tobin Tax, Zed Books Reviewed by Rachel Hardcastle. This book was conceived as a response to the Asian and Russian financial crises of Its author is an academic specialist in international relations who is.

The Tobin tax may well be the political response that will make that structure vulnerable to collective conflict and deliberate revision.

It is also innovative because it simultaneously defends the autonomy of states and opens up new, path-breaking global ethico-political problems of by:   For decades, the "Tobin Tax" — a proposed global tax on currency transactions — has remained far from economic mainstream thought, being primarily the.

The Robin Hood Tax, properly called the Tobin Tax, is being resurrected by two Democrats to raise money under the guise of helping to stimulate the economy.

by Bob Adelmann. The Tobin tax may well be the political response that will make that structure vulnerable to collective conflict and deliberate revision. It is also innovative because it simultaneously defends the autonomy of states and opens up new, path-breaking global ethico-political problems of by: The Obama administration might take a serious look at a Tobin tax for both of these reasons.

Early in his career, Larry Summers, Obama’s economic policy chief, was a supporter of the Tobin tax. In a paper, co-authored with his former wife, Victoria Summers, he wrote that there might be times when it was salutary to throw a little sand in.Tobin Tax Initiative CEED/IIRP, PO Box Arcata, CA phone: ()fax: () e-mail: [email protected] Home | Who Are We | What are Tobin Taxes | Tobin Tax Policy | Tobin Tax Bibliography US Campaigns | Campaigns Around the World | Contact the Initiative.

The Tobin Tax Initiative is a project of the Center for Environmental Economic Development.