(the 'Tobin tax'), involves transactions in traditional foreign exchange markets (without financial derivatives). In the … derivatives. The potential tax base is enormous here by all standards. However, the problem of a fair sharing of burdens across …

derivatives including all firms based in the European Union. On average, we find that around 75% of market gross notional relates …

derivatives markets. In a parsimonious model, we show that clearing benefits are distributed unevenly across market participants …

Since the push towards central clearing in derivatives markets after the global financial crisis, an open question has … been how the development has affected competition. This paper models imperfect competition between dealers in derivatives … markets. Two risk-neutral dealers offer derivatives to risk-averse clients with a hedging need, and compete in price (fee) and …

Cryptocurrencies provide a unique opportunity to identify how derivatives impact spot markets. They are fully fungible …