Suchergebnisse

The Tobin tax is a solution proposed by many economists for limiting the speculation in foreign exchange and stock markets and for making these markets stabler. In this paper we present a study on the effects of a transaction tax on one and on two related markets, using an artificial financial market based on heterogeneous agents. The microstructure of the market is composed of four kinds of traders: random traders, fundamentalists, momentum traders and contrarians, and the resources allocated to them are limited. In each market it is possible to levy a transaction tax. In the case of two markets, each trader can choose in which market to trade, and an attraction function is defined that drives their choice based on perceived profitability. We performed extensive simulations and found that the tax actually increases volatility and decreases trading volumes. These findings are discussed in the paper.

"Coming to terms with the rhetorical arts of antiquity necessarily illuminates our own ideas of public discourse and the habits of speech to which they have led. Tacitus wrote the Dialogus at a time (ca. 100 CE) when intense scrutiny of the history, the definitions, and the immediate relevance of public speech were all being challenged and refashioned by a host of vibrant intellects and ambitious practitioners. This book challenges the notion that Tacitus sought to explain the decline of oratory under the Principate. Rather, from examination of the dynamics of argument in the dialogue and the underlying literary traditions there emerges a sophisticated consideration of eloquentia in the Roman Empire. Tacitus emulates Cicero's legacy and challenges his position at the top of Rome's oratorical canon. He further shows that eloquentia is a means by which to compete with the power of the Principate"--

Ranulf Higden (d.1364) was a monk at the abbey of St Werburgh in Chester. His most important literary work is this universal chronicle, which survives in over a hundred Latin manuscripts, testifying to its popularity. The earliest version of it dates from 1327, but Higden continued writing until his death, expanding and updating the text. It was also continued in other monastic houses, most importantly by John Malvern of Worcester. The English translation made by John Trevisa in the 1380s was also widely circulated and is included in this work, published in nine volumes for the Rolls Series between 1865 and 1886. The chronicle shows how fourteenth-century scholars understood world history and geography. Volume 2 contains the remainder of Book 1, on the description of Britain, and twenty-eight chapters of Book 2, on the early history of the world to the reign of Saul in Israel