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dc.contributor.authorHaberer, Markusen_US
dc.date.accessioned2009-01-29T16:29:54Z-
dc.date.available2009-01-29T16:29:54Z-
dc.date.issued2004en_US
dc.identifier.piurn:nbn:de:bsz:352-opus-17579-
dc.identifier.urihttp://hdl.handle.net/10419/23568-
dc.description.abstractInternational financial markets are said to be excessively volatile due to destabilizing speculation and excessive market volume. Transactions taxes might help. From studying the literature we conclude that there must be an optimal market liquidity, which minimizes excess volatility. There are two effects when imposing a transactions tax. Both reduce excess volatility in highly speculative markets when tax rates are small. The total tax effect then is unambiguous. However, in illiquid markets the tax might raise volatility.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDiscussion paper series / Universität Konstanz, Center of Finance and Econometrics (CoFE) 04/06en_US
dc.subject.jelH20en_US
dc.subject.jelG15en_US
dc.subject.jelG18en_US
dc.subject.ddc330en_US
dc.subject.keywordInternational Financial Marketsen_US
dc.subject.keywordSecurities Transactions Taxen_US
dc.subject.keywordExcess Volatilityen_US
dc.subject.stwBörsenkursen_US
dc.subject.stwVolatilitäten_US
dc.subject.stwBörsenumsatzsteueren_US
dc.subject.stwInternationaler Finanzmarkten_US
dc.subject.stwWertpapierspekulationen_US
dc.subject.stwTheorieen_US
dc.titleMight a Securities Transactions Tax Mitigate Excess Volatility? Some Evidence From the Literatureen_US
dc.typeWorking Paperen_US
dc.identifier.ppn477676677en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CoFE-Diskussionspapiere, Universität Konstanz

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