Radalj, Kim F.; McAleer, Michael - In: Mathematics and Computers in Simulation (MATCOM) 69 (2005) 1, pp. 151-161
In the context of flexible exchange rates, Milton Friedman proposed that speculation must exert a stabilising influence … importance of speculators are far-reaching. Policymakers often discuss the imposition of a Tobin tax to curb speculation, so it …