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A Tobin tax was originally defined as a tax on all spot conversions of one currency into another. It was suggested by James Tobin, an economist who won the Nobel Memorial Prize in Economic Sciences. Tobin's tax was originally intended to penalize short-term financial round-trip excursions into another currency.
Aug 30, 2022 · The Tobin tax is a duty on spot currency trades to discourage short-term speculation and stabilize markets. Learn how it works, who pays it, and why it is controversial.
- Julia Kagan
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.
Sep 28, 2011 · The “Tobin tax” was originally proposed in the early 1970s by James Tobin, an influential American macroeconomist and recipient of the Nobel prize for economics.
Learn about the Tobin tax, a proposed levy on foreign exchange transactions, and its advantages and challenges for macroeconomic policy. Find out the alternative name, the difference between hedging and speculation, and a relevant question for UPSC exam.
Nov 2, 2011 · A Tobin tax is a proposal to impose a levy on financial transactions, such as currency, shares, bonds and derivatives. It aims to reduce volatility, discourage risky trading and raise money for aid.
Sep 29, 2015 · The Tobin tax is a proposed levy on financial transactions to curb currency speculation and raise revenue. Learn about its advantages, disadvantages and global support from this article by The Conversation.
