Tobin's Tax Proposal and Debate on Currency Transaction Regulation in the 1970s

Tobin's Tax Proposal and Debate on Currency Transaction Regulation in the 1970s

I discuss the proposal by James Tobin in the early 1970s to implement a tax on currency transactions in the current market, due to concerns about increased volatility in exchange rates after the termination of the Britain-Wales agreement. Tobin, an Economics Nobel Prize winner, believed this tax would discourage speculative trading and stabilize exchange rates, but the implementation of this tax has been debated by economists.

https://youtube.com/shorts/TIlQdqAPg5I?si=LhlVnvJ3j1aHs5Ak

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