Financial transaction taxes and the informational efficiency of ...

Trading Costs and Informational Efficiency

trading costs reduce price informativeness. We discuss how our results inform the policy debate on financial transaction taxes/Tobin taxes. Eduardo Dávila.

Financial Transaction Taxes and Expert Advice - IDEAS/RePEc

This paper models trading on expert advice to study the impact of a financial transaction tax on traders' information and decisions. The tax worsens expert ...

Financial transaction taxes and the informational efficiency ... - PhDs.io

FT50 UTD24 A* Financial transaction taxes and the informational efficiency of financial markets: A structural estimation · Cipriani, Marco (Author) · Guarino, ...

Financial transaction tax - Wikipedia

These distinctions are important in discussions about the utility of financial transaction tax as a tool to selectively discourage excessive speculation without ...

Financial TransacTion Taxes in Theory and PracTice | Urban Institute

1 We also find the tax would be quite progressive. The plan of the paper is as follows. Section II provides background information on. FTTs. Section III ...

Trading Costs and Informational Efficiency - Finance Theory Group

Cheaper trading may democratize financial markets at the expense of informational efficiency. ... financial transaction (Tobin) taxes. Along these lines, ...

Trading Costs and Informational Efficiency | NBER

We study the effect of trading costs on information aggregation and acquisition in financial markets. For a given precision of investors' ...

“Taxing Financial Transactions: A Mirrleesian Approach”

when financial markets are efficient, but the tax ... By making prices less informative, financial transaction taxes can actually increase the ...

Securities Transaction Taxes and Financial Markets

Consequently, if transac- tion taxes cause volume to migrate, then they can hamper the informational effi- ciency of markets. International finance provides ...

Financial Transaction Tax Resource Center

Concerns about volatile financial markets and the search for new sources of federal revenue have spurred interest among lawmakers and other commentators in ...

Financial transaction taxes, market composition, and liquidity

Indeed, proponents of FTTs like Stiglitz (1989) argue that markets are populated by too many noise traders whose actions are not based on information and thus ...

FINANCIAL TRANSACTION TAXES IN THEORY AND PRACTICE

We explore issues related to a financial transaction tax (FTT) in the United States. We trace the history and current practice of the tax in the United States ...

Trading Costs and Informational Efficiency - Scholars Portal Journals

Cited By: · Optimal Financial Transaction Taxes · Volatility and informativeness · Financial transaction taxes and the informational efficiency of financial ...

The Financial Transaction Tax – Boon or Bane? - Intereconomics

The FTT aims to reduce regulatory arbitrage, flash trades, overactive portfolio management, excessive leverage and speculative transactions of financial ...

Small Financial Transaction Taxes Create Big Economic Impacts

In fact, economists for the European Union estimated a proposed 0.10% transaction tax would lower GDP by 1.76% while raising revenue of only 0.08% of GDP. In ...

Introducing a 0.05% Financial Transactions Tax as an Instrument of ...

Introducing a 0.05% Financial Transactions Tax as an Instrument of Global Justice and Market Efficiency - Volume 4 Issue 1.

(PDF) Financial Transaction Taxes and the Informational

Financial Transaction Taxes and the Informational Efficiency of Financial Markets: A Structural Estimation by Andreas Uthemann, Antonio Guarino,

Financial Transaction Taxes, Market Composition, and Liquidity

We use the introduction of a financial transaction tax (FTT) in France in 2012 to test competing theories on its impact. We find no support for the idea ...

Securities Transaction Taxes and Financial Markets

Consequently, if transaction taxes cause the volume to migrate, then they can hamper the informational efficiency of markets. International finance provides ...

Securities transaction taxes and stock price informativeness

This empirical study addresses the impact of securities transaction taxes (STTs) on price informativeness. Two specific events are assessed: ...