Hanke, Michael; Huber, Jürgen; Kirchler, Michael; … - 2007 - This version: August 14, 2007
The effects of a Tobin tax on foreign exchange markets have long been disputed. We present an experiment with currency … exist. Concerning the controversial issues we find that (i) volatility effects depend on the existence of tax havens and on …: a tax reduces trading volume, shifts market share to untaxed markets, and leads to negligible tax revenues if tax havens …