Risk Impact in the Simulation: What Effect Brings Tobin Tax Involvement on the Stability of Financial Market?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F13%3A%230002486" target="_blank" >RIV/47813059:19520/13:#0002486 - isvavai.cz</a>
Alternative codes found
RIV/47813059:19520/14:#0002647
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Risk Impact in the Simulation: What Effect Brings Tobin Tax Involvement on the Stability of Financial Market?
Original language description
The aim of this paper is to study the influence of Tobin tax on the stability of financial market in the agent-based model and simulation. Particularly, together with Tobin tax the risk analysis is introduced. This approach is often used to study complexsocial systems. Agent-based model consists of a set of agents and a framework for simulating their decisions and interactions. In practice, each agent has only partial knowledge of other agents and each agent makes its own decisions based on the partialknowledge about other agents in the system. We used this approach to simulate the behavior of financial market participants trading with assets. For purposes of this paper, a multi-agent system will be implemented as a simulation framework in JADE development platform. The hypothesis of this research is that Tobin tax introduction will stabilize the financial market. The results obtained show that the hypothesis can be fulfilled only partially. To conclude, when we have involved the ris
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 14th International Conference on Finance and Banking 2014
ISBN
978-80-7248-939-8
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
422-431
Publisher name
Silesian University in Opava
Place of publication
Karvina
Event location
Ostrava
Event date
Oct 16, 2013
Type of event by nationality
CST - Celostátní akce
UT code for WoS article
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