Fricke, Daniel; Lux, Thomas - In: Journal of Economic Interaction and Coordination 10 (2015) 1, pp. 119-150
We investigate the effects of a Financial Transaction Tax (FTT) in an order-driven artificial financial market. FTTs are meant to limit short-term speculative behavior by reducing the amount of excess liquidity in the system. To quantify these effects, adjustments in trading strategies and their...