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Tobin Tax
Essay specific features
Written by:
Maria C
Date added:
March 17, 2013
Level:
University
Grade:
A
No of pages / words:
6 / 1438
Was viewed:
3028 times
Rating of current essay:
Essay content:
Moreover, international asset diversification and hedging opportunities lower risks, and free international financial markets make it easier to reach foreign capital, especially for emerging economies. Therefore, international financial markets raise efficiency and profits due to international division of labour...
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Economic growth in emerging countries is not only enhanced by the availability of foreign capital but also by developing local financial centres that pave the way to international business. On the other hand, low transaction costs encourage speculation, which is said to destabilize markets, especially speculation on foreign exchange rates...
displayed 300 characters
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