noun A policy tool aimed at reducing currency speculation and promoting financial stability
The Tobin tax, also known as the currency transaction tax, is a proposed tax on international financial transactions to reduce speculation and volatility in financial markets.
In economics, the Tobin tax is often discussed in the context of global financial stability and regulation.
The Tobin tax has been proposed as a way to fund global public goods and address issues of global inequality.
Policy makers may consider implementing a Tobin tax as a way to generate revenue for social programs or to discourage short-term speculative trading.
The Tobin tax is often discussed in financial articles and reports, with writers analyzing its impact on global markets and economies.
Economists frequently study the effects of Tobin tax on currency markets and international trade.
Financial analysts may incorporate Tobin tax considerations into their investment strategies and risk assessments.
Policy analysts evaluate the potential benefits and drawbacks of implementing a Tobin tax as a tool for regulating financial markets.