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| Definition: |
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Tobin tax is the header commonly given to the proposal for levying all foreign exchange transactions. James Tobin first laid out such a proposal in the wake of the breakdown of the Bretton-Woods system of exchange rates. Recent interpretations of the proposal, while described as a "Tobin tax" have been at variance with the original idea, a point made by Tobin himself.
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| Source
Publication: |
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OECD Economic Outlook Glossary.
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| Statistical
Theme: Financial statistics |
| Created
on Friday, March 21, 2003 |
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