Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/23560
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dc.contributor.authorHaberer, Markusen_US
dc.date.accessioned2009-01-29T16:29:49Z-
dc.date.available2009-01-29T16:29:49Z-
dc.date.issued2003en_US
dc.identifier.piurn:nbn:de:bsz:352-opus-11167-
dc.identifier.urihttp://hdl.handle.net/10419/23560-
dc.description.abstractIn a simple portfolio choice model of two assets a foreign exchangetransactions tax is implemented. We show that the graph in the mu-sigma[square]range is still a parabola and delineate its characteristics for alteringtax rates. We presumed a risk avers investor seeking to minimizeinvestment risks by international diversification of two uncorrelatedassets. The main finding is that setting up a portfolio under the newtax condition leads to a higher transaction volume on international financial markets. In contrast, the transactions tax has got a stabilizingcharacter when adjusting the portfolio to increased foreign investmentrisks.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseries|aDiscussion paper series / Universität Konstanz, Center of Finance and Econometrics (CoFE) |x03/09en_US
dc.subject.jelO23en_US
dc.subject.jelH29en_US
dc.subject.jelH39en_US
dc.subject.jelO16en_US
dc.subject.jelG11en_US
dc.subject.jelG15en_US
dc.subject.jelG18en_US
dc.subject.ddc330en_US
dc.subject.keywordInternational Financial Marketsen_US
dc.subject.keywordPortfolio Choiceen_US
dc.subject.keywordRisk Diversificationen_US
dc.subject.keywordTobin Taxen_US
dc.subject.keywordTransactions Taxen_US
dc.subject.stwPortfolio-Managementen_US
dc.subject.stwinternationalen_US
dc.subject.stwTobinsteueren_US
dc.subject.stwInternationaler Finanzmarkten_US
dc.subject.stwBörsenumsatzsteueren_US
dc.subject.stwTheorieen_US
dc.titlePortfolio Choice and Transactions Taxesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn47767318Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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