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Would a Financial Transaction Tax Affect Financial Market Activity? Insights from Future Markets
Wang, George H. K. - 2013
In the wake of the recent financial crisis, several commentators have suggested a transaction tax on financial markets. The potential consequences of such a tax could be hazardous to the financial markets affected as well as to the economy. In this paper, we review the relevant theoretical and...
Persistent link: https://www.econbiz.de/10013085891
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Costs and benefits of financial regulation : short-selling bans and transaction taxes
Lensberg, Terje; Schenk-Hoppé, Klaus Reiner; Ladley, Dan - In: Journal of banking & finance 51 (2015), pp. 103-118
Persistent link: https://www.econbiz.de/10011377278
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Politically Motivated Taxes in Financial Markets : The Case of the French Financial Transaction Tax
Meyer, Stephan - 2013
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...
Persistent link: https://www.econbiz.de/10013087307
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Market Infrastructure Regulation and the Financial Transaction Tax
Heber, Caroline - 2014
, the European Union has already adopted a Regulation on short selling and certain aspects of credit default swaps and a … European Market Infrastructure Regulation aiming at over‐the‐counter derivatives markets. It currently debates reforming the … Markets in Financial Instruments Directive and adopting a Markets in Financial Instruments Regulation and a Regulation on …
Persistent link: https://www.econbiz.de/10013054478
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Financial Transaction Tax and Market Quality : Evidence from the French FTT Regulation in 2012
Parwada, Jerry T. - 2014
Policy makers occasionally impose Financial Transaction Tax (FTT) in hope to deter speculative trading, whereas the effectiveness of FTT in improving market quality remains controversial. Utilizing the recent FTT imposed by French government in 2012 on large-cap stocks traded in French stock...
Persistent link: https://www.econbiz.de/10013051688
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The intended and unintended consequences of financial-market regulations : a general equilibrium analysis
Buss, Adrian; Dumas, Bernard; Uppal, Raman; Vilkov, Grigory - 2016
In a production economy with trade in financial markets motivated by the desire to share labor-income risk and to speculate, we show that speculation increases volatility of asset returns and investment growth, increases the equity risk premium, and reduces welfare. Regulatory measures, such as...
Persistent link: https://www.econbiz.de/10011436064
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The impact of the French Tobin tax
Becchetti, Leonardo; Ferrari, Massimo; Trenta, U. - In: Journal of financial stability 15 (2014), pp. 127-148
Persistent link: https://www.econbiz.de/10011306467
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Death by a thousand cuts? : financial political power and the case of the European financial transaction tax
Kalaitzake, Manolis - In: New political economy 22 (2017) 6, pp. 709-726
Persistent link: https://www.econbiz.de/10011743046
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The abrogation of the "Impôt sur les opérations de bourse" did not foster the French stock market
Capelle-Blancard, Gunther - In: Finance research letters 17 (2016), pp. 257-266
Persistent link: https://www.econbiz.de/10011596549
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On the Theoretical Foundations for Regulating Financial Markets
Pistor, Katharina - 2012
regulation was designed to lend crutches to them when it appeared that they needed support. While modern finance theory has …How we think about financial markets determines how we regulate them. Since the 1970s modern finance theory has shaped … the overriding concern for regulation. This essay raises the question whether this is indeed the case. What if other …
Persistent link: https://www.econbiz.de/10013103586