The true cost of the two per thousand taxes on banking transactions in Colombia

We apply a simple version of the Baumol Tobin model of Money Demand to determine the costs incurred by agents due to the existence of a proportional tax on the value of banking transactions in Colombia, and the incentives to use less and less the legal financial system.

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Year of publication:	1999
Authors:	Orozco, David Tobón
Institutions:	Departamento de Economía, Facultad de Ciencias Económicas
Subject:	money demand \| taxes on banking transactions \| financial intermediation

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Extent:	application/pdf
Series:	Grupo Microeconomía Aplicada.
Type of publication:	Book / Working Paper
Notes:	Number 012 4 pages
Classification:	E41 - Demand for Money ; E44 - Financial Markets and the Macroeconomy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008544160