Demary, Markus - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-8, pp. 1-44
investment horizons as introduced by Demary (Who Does a Currency Transaction Tax Harm More: Short-Term Speculators or Long-Term …-Based Financial Market Models to Test the Effectiveness of Regulatory Policies) by traders who are allowed to have different …. Numerical simulations reveal that under sufficiently small tax rates traders abstain from short-term trading in favour of longer …