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    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/35746

    Title: 稅,理性投機與匯率波動
    The Tobin tax, rational speculation and exchange rate volatility
    Authors: 柯懿玲
    Contributors: 朱美麗
    Keywords: Tobin稅
    Tobin tax
    Rational speculation
    Exchange rate volatility
    Date: 2003
    Issue Date: 2009-09-18 15:54:56 (UTC+8)
    Abstract: This paper investigates whether Tobin tax would be effective to reduce exchange rate volatility. When the rational speculators observe different temporarily shocks and take Tobin tax into account, the exchange rate will have either stable or unstable path through speculators’ changing optimal holdings. If the effect of current account shock dominates the effect of interest differential shock, the imposition of tax will stabilize the currency. This result is consistent with Tobin’s view. On the contrary, if the effect of interest differential shock dominates the effect of current account shock, the imposition of tax will destabilize the currency. The best policy in this case is to let international capitals move freely.
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    Description: 碩士
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0091258009
    Data Type: thesis
    Appears in Collections:[經濟學系] 學位論文

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