strong. Better alternatives to tax the financial sector are likely to be available. However, a tax on financial transactions … when they contribute to the systemic risk of the financial system. However, such a financial transaction tax should be very …

international financial markets. In contrast, the transactions tax has got a stabilizing character when adjusting the portfolio to …In a simple portfolio choice model of two assets a foreign exchange transactions tax is implemented. We show that the … graph in the mu-sigma[square] range is still a parabola and delineate its characteristics for altering tax rates. We …

This paper attempts to address both theoretical and practical considerations for a tax such as financial transactions … financial markets is incomplete and imprecise, remains. However, globally, FTT remains a commonly used tax. A cross …

A financial transaction tax (FTT) compares to a value-added tax on financial transactions and financial services. This … differs from the financial activity tax (FAT) that is raised on profits of financial companies or on profit …, nor does it have a clear assessment base or a certain tax rate. These are decisions to be made during political discourse …

High volatility and enormous international capital flows are negative effects of the globalization of financial markets … that can lead to financial crises like those of the 1990s. The Tobin tax often has been put forward as a measure to … transactions tax are based on the assumption that (i) short-term trading is destabilizing and speculative and causes the volatility …

The effects of a Tobin tax on foreign exchange markets have long been disputed. We present an experiment with currency …: a tax reduces trading volume, shifts market share to untaxed markets, and leads to negligible tax revenues if tax havens … exist. Concerning the controversial issues we find that (i) volatility effects depend on the existence of tax havens and on …

The Tobin tax is in high demand for many groups. Despite its popularity, research has not yet made full use of …-termist. There is no tax rate that could influence their behavior and at the same time keep the desired high liquidity. Thus no … uniform proportional Tobin tax can reach its goals. …