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

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/47813059:19520/14:#0002647

Výsledek na webu

—

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

IN - Informatika

OECD FORD obor

—

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 14th International Conference on Finance and Banking 2014

ISBN

978-80-7248-939-8

ISSN

—

e-ISSN

—

Počet stran výsledku

10

Strana od-do

422-431

Název nakladatele

Silesian University in Opava

Místo vydání

Karvina

Místo konání akce

Ostrava

Datum konání akce

16. 10. 2013

Typ akce podle státní příslušnosti

CST - Celostátní akce

Kód UT WoS článku

—