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Universität Konstanz >
Center of Finance and Econometrics (CoFE), Universität Konstanz >
CoFE-Diskussionspapiere, Universität Konstanz >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/23560
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Haberer, Markus | | en_US |
| dc.date.accessioned | | 2009-01-29T16:29:49Z | | - |
| dc.date.available | | 2009-01-29T16:29:49Z | | - |
| dc.date.issued | | 2003 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/23560 | | - |
| dc.description.abstract | | In a simple portfolio choice model of two assets a foreign exchange transactions tax is implemented. We show that the graph in the mu-sigma[square] range is still a parabola and delineate its characteristics for altering tax rates. We presumed a risk avers investor seeking to minimize investment risks by international diversification of two uncorrelated assets. The main finding is that setting up a portfolio under the new tax condition leads to a higher transaction volume on international financial markets. In contrast, the transactions tax has got a stabilizing character when adjusting the portfolio to increased foreign investment risks. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | Discussion paper series / Universität Konstanz, Center of Finance and Econometrics (CoFE) 03/09 | | en_US |
| dc.subject.jel | | O23 | | en_US |
| dc.subject.jel | | H29 | | en_US |
| dc.subject.jel | | H39 | | en_US |
| dc.subject.jel | | O16 | | en_US |
| dc.subject.jel | | G11 | | en_US |
| dc.subject.jel | | G15 | | en_US |
| dc.subject.jel | | G18 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | International Financial Markets | | en_US |
| dc.subject.keyword | | Portfolio Choice | | en_US |
| dc.subject.keyword | | Risk Diversification | | en_US |
| dc.subject.keyword | | Tobin Tax | | en_US |
| dc.subject.keyword | | Transactions Tax | | en_US |
| dc.subject.stw | | Portfolio-Management | | en_US |
| dc.subject.stw | | international | | en_US |
| dc.subject.stw | | Tobinsteuer | | en_US |
| dc.subject.stw | | Internationaler Finanzmarkt | | en_US |
| dc.subject.stw | | Börsenumsatzsteuer | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Portfolio Choice and Transactions Taxes | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 47767318X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CoFE-Diskussionspapiere, Universität Konstanz
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