Similar Search Results

Market Infrastructure Regulation and the Financial Transaction Tax

Heber, Caroline; Sternberg, Christian - 2023

, 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 regulating over-the-counter derivatives markets. The Directive on Markets … Securities Depositories were enacted. This strand of financial market regulation shall be complemented by a Financial Transaction …

Persistent link: https://www.econbiz.de/10014263770

Re-regulating finance

Guttmann, Robert - In: Stabilising an unequal economy? : public debt, …, (pp. 223-244). 2011

Persistent link: https://www.econbiz.de/10009426394

Agent-based financial markets and New Keynesian macroeconomics : a synthesis

Lengnick, Matthias; Wohltmann, Hans-Werner - 2011 - Updated version

We combine a simple agent-based model of financial markets and a New Keynesian macroeconomic model with bounded rationality via two straightforward channels. The result is a macroeconomic model that allows for the endogenous development of business cycles and stock price bubbles. We show that...

Persistent link: https://www.econbiz.de/10009304074

On the incidence of a financial transactions tax in a model with fire sales

Bierbrauer, Felix - 2012

This paper studies the impact of a financial transactions tax on a financial market where financial institutions trade with each other. Assets are marked to the market and financial institutions with negative equity are forced out of business. There are two main results: First, if all banks have...

Persistent link: https://www.econbiz.de/10009571254

Securities Transaction Taxes and Market Quality

Pomeranets, Anna - 2013

We study changes in market quality variables associated with nine modifications to the New York State Securities Transaction Tax (STT) between 1932 and 1981. We find that when there is an increase in the level of an STT, individual stock volatility increases, bid-ask spreads widen, price impacts...

Persistent link: https://www.econbiz.de/10013091865

The information content in contingent convertible bond prices

Grinderslev, Oliver Juhler; Kristiansen, Kristian Loft - 2017

issuer. This paper gives a thorough introduction to CoCos - the product, its use in capital regulation, the market and the …

Persistent link: https://www.econbiz.de/10011761303

Embedded supervision : how to build regulation into decentralised finance

Auer, Raphael A. - 2022

stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the …

Persistent link: https://www.econbiz.de/10013206072

Transaction Taxes and Traders with Heterogeneous Investment Horizons in an Agent-Based Financial Market Model

Campanella, Edoardo - 2010

This heterogeneous interacting agents model of a financial market is a generalization of the model proposed by Westerhoff (The Use of Agent-Based Financial Market Models to Test the Effectiveness of Regulatory Policies) by traders who are allowed to have different investment horizons as...

Persistent link: https://www.econbiz.de/10013135077

The Commission's 2020 Proposal for a Markets in Crypto-Assets Regulation (‘MiCAR’) : A Brief Introductory Overview

Gortsos, Christos - 2021

’s proposal for a Regulation of the European Parliament and of the Council “on Markets in Crypto-Assets (…)” (MiCAR), which was … regulatory framework. The nine Sections of the study fully correspond to the Titles of the proposed Regulation. Furthermore, Sub …

Persistent link: https://www.econbiz.de/10013228416

Tick size change and market quality in the U.S. treasury market

Fleming, Michael J.; Nguyen, Giang H.; Ruela, Francisco - 2019

This paper studies a recent tick size reduction in the U.S. Treasury securities market and identifies its effects on the market's liquidity and price efficiency. Employing difference-indifference regressions, we find that the bid-ask spread narrows significantly after the change, even for large...

Persistent link: https://www.econbiz.de/10012000042