Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/23560 
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dc.contributor.authorHaberer, Markusen
dc.date.accessioned2009-01-29T16:29:49Z-
dc.date.available2009-01-29T16:29:49Z-
dc.date.issued2003-
dc.identifier.piurn:nbn:de:bsz:352-opus-11167en
dc.identifier.urihttp://hdl.handle.net/10419/23560-
dc.description.abstractIn 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
dc.language.isoengen
dc.publisher|aUniversity of Konstanz, Center of Finance and Econometrics (CoFE) |cKonstanzen
dc.relation.ispartofseries|aCoFE Discussion Paper |x03/09en
dc.subject.jelO23en
dc.subject.jelH29en
dc.subject.jelH39en
dc.subject.jelO16en
dc.subject.jelG11en
dc.subject.jelG15en
dc.subject.jelG18en
dc.subject.ddc330en
dc.subject.keywordInternational Financial Marketsen
dc.subject.keywordPortfolio Choiceen
dc.subject.keywordRisk Diversificationen
dc.subject.keywordTobin Taxen
dc.subject.keywordTransactions Taxen
dc.subject.stwPortfolio-Managementen
dc.subject.stwinternationalen
dc.subject.stwTobinsteueren
dc.subject.stwInternationaler Finanzmarkten
dc.subject.stwBörsenumsatzsteueren
dc.subject.stwTheorieen
dc.titlePortfolio Choice and Transactions Taxes-
dc.typeWorking Paperen
dc.identifier.ppn47767318Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cofedp:0309-

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