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National Repository of Grey Literature 3 records found  Search took 0.01 seconds. 
The Impact of the Tobin Tax in a Heterogeneous Agent Model of the Foreign Exchange Market
 Staněk, Filip ; Kukačka, Jiří (advisor) ; Klinger, Tomáš (referee)
In this thesis, we assess the impact of the Tobin tax on key statistics of exchange rate returns with use of a heterogeneous agent based model. The answer to the question of how transaction costs affect exchange rate dynamics is not only interesting from a theoretical point of view but also has practical implications as several regulators are contemplating imposition of such a tax nowadays. Motivated by the recent research showing the great importance of the mar- ket micro structure, we choose to explore the impact of the tax in a market cleared by the Walrasian auctioneer. This settings, as we argue, could resem- ble the two layered structure of the real foreign exchanges more closely than a price impact function which is often adopted in studies regarding the Tobin tax. To assess the impact of the tax, we extend the model of De Grauwe & Grimaldi (2004) by the inclusion of transaction costs. The original model con- sists of boundedly rational agents who use a blend of fundamental and technical analysis to predict the future exchange rate. An ongoing competition between the forecasting rules creates chaotic price movements not dissimilar to the ones observed in the real foreign exchanges. We use computational methods to assess the effect of the Tobin tax within the model and find that the Tobin tax is...
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Tobin tax is placebo or real cure
 Dlabolová, Markéta ; Klazar, Stanislav (advisor) ; Brabcová, Pavlína (referee)
The goal of the bachelor thesis is appraise if the Tobin tax is placebo or real cure to financial crises. Summary of progress of Tobin tax from the past to the future is in the introductory part of a bachelor thesis. In the middle of thesis I focus on reason of financial crisis, analysis opinions of political and proffesional public and to regulation of EU. I analyse and compare impact of FTT in French and Italy in the end.
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Resurrection of the so-called Tobin tax. What are the intended unintended and the unintended unintended consequences of financial transaction tax?
 Švec, Marek ; Mládek, Josef (advisor) ; Hájek, Jan (referee)
In recent times some economists and politicians in the context of financial crisis dusted off again the idea of introducing the so-called Tobin tax, or financial transaction tax (FTT), respectively. This thesis briefly reviews the existing literature on FTT. Two case studies of Sweden and Great Britain show in some respects two different experiences with FTT. The theses analyzes in detail the economic implications of the European Commission proposed FTT from the perspective of economic theory and economic policy. Partial conclusions of the thesis reveal some drawbacks and pitfalls of FTT. While the benefits of FTT remain rather controversial. The theses therefore concludes that FTT is not due to the severity of its impacts appropriate economic measure.
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