Demary, Markus - In: Journal of Economics and Statistics (Jahrbuecher fuer … 228 (2008) 2+3, pp. 228-250
two different forecasting models and are moreover allowed to be short-term speculators or long-term investors. Within this … result is, the tax harms short-term speculation in favor or long-term investments, while it also harms trading rules based on … exchange rate returns, but increase that kurtosis. Moreover it does not lead to a reduction in the misalignment. The second …