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Speculation and Tobin taxes: Why sand in the wheels can increase economic efficiency

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  • Thomas Palley

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  • Thomas Palley, 1999. "Speculation and Tobin taxes: Why sand in the wheels can increase economic efficiency," Journal of Economics, Springer, vol. 69(2), pages 113-126, June.
    • Handle: RePEc:kap:jeczfn:v:69:y:1999:i:2:p:113-126
    DOI: 10.1007/BF01232416
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    References listed on IDEAS

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    1. James Tobin, 1978. "A Proposal for International Monetary Reform," Eastern Economic Journal, Eastern Economic Association, vol. 4(3-4), pages 153-159, Jul/Oct.
    2. De Long, J Bradford & Andrei Shleifer & Lawrence H. Summers & Robert J. Waldmann, 1990. "Noise Trader Risk in Financial Markets," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 703-738, August.
    3. Palley, Thomas I., 1997. "Managerial turnover and the theory of short-termism," Journal of Economic Behavior & Organization, Elsevier, vol. 32(4), pages 547-557, April.
    4. Tornell, Aaron, 1990. "Real vs. financial investment can Tobin taxes eliminate the irreversibility distortion?," Journal of Development Economics, Elsevier, vol. 32(2), pages 419-444, April.
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    More about this item

    Keywords

    noise traders; fundamentals investors; speculation; Tobin taxes; F3;
    All these keywords.

    JEL classification:

    • F3 - International Economics - - International Finance

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