EFFICIENCY AND FRAGILE SPECULATIVE FINANCIAL-MARKETS - AGAINST THE TOBIN TAX AND FOR A CREDITABLE MARKET MAKER

Authors
DAVIDSON P
Citation
P. Davidson, EFFICIENCY AND FRAGILE SPECULATIVE FINANCIAL-MARKETS - AGAINST THE TOBIN TAX AND FOR A CREDITABLE MARKET MAKER, The American journal of economics and sociology, 57(4), 1998, pp. 639-662
Citations number
14
Categorie Soggetti
Economics,Sociology
Journal title
The American journal of economics and sociology → ACNP
ISSN journal
00029246
Volume
57
Issue
4
Year of publication
1998
Pages
639 - 662
Database
ISI
SICI code
0002-9246(1998)57:4<639:EAFSF->2.0.ZU;2-5
Abstract
This article explores the relationship between volatility in financial markets, the Tobin tax solution, and an alternative solution requirin g a creditable market maker. The discussion includes whether financial markets are inherently unstable and the relevance of bandwagon moveme nts in financial markets.