This paper studies the effects of the introduction of the French financial transaction tax in August 2012. With the tax, the French government aims to generate revenues for financing the burdens of the financial crisis and to curb short-term trading. We find that the financial transaction tax...

Review of the monograph: Pavin Chachavalpongpun (2010), Reinventing Thailand: Thaksin and His Foreign Policy, Silkworm Books, Singapore: Institute of Southeast Asian Studies. ISBN: 978-616-215-000-5, 354 pages

In 1962, the International Court of Justice ruled that the Preah Vihear temple lies within Cambodian territory. The status of the 4.6 km² of land surrounding the temple, however, remained unclear. When UNESCO declared the Preah Vihear temple a Cambodian World Heritage Site in July 2008, the...

As the greatest military power in the Asia-Pacific, the U.S. depends on the cooperation of its allies. In the past, Washington has had to recognize that support is not always forthcoming. Using the example of relations between the U.S. and Thailand, this article tries to establish how the...

We examine algorithmic trades (AT) and their role in the price discovery process in the 30 DAX stocks on the Deutsche Boerse. AT liquidity demand represents 52% of volume and AT supplies liquidity on 50% of volume. AT act strategically by monitoring the market for liquidity and deviations of...

We examine empirically the role of high-frequency traders (HFTs) in price discovery and price efficiency. Based on our methodology, we find overall that HFTs facilitate price efficiency by trading in the direction of permanent price changes and in the opposite direction of transitory pricing...