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Persistent link: https://www.econbiz.de/10009640492
The European Commission services published a staff working document assessing the main sources of innovative financing under discussion. The analysis shows that for some of the instruments a "double dividend" of both raising revenues and improving market efficiency and stability could be reaped,...
Persistent link: https://www.econbiz.de/10008522647
The European Commission services published a staff working document assessing the main sources of innovative financing under discussion. The analysis shows that for some of the instruments a "double dividend" of both raising revenues and improving market efficiency and stability could be reaped,...
Persistent link: https://www.econbiz.de/10008492042
The paper proposes a simple and innovative methodology for measuring the incidence of gambling expenditure in countries …
Persistent link: https://www.econbiz.de/10011744889
The paper proposes a simple and innovative methodology for measuring the incidence of gambling expenditure in countries …
Persistent link: https://www.econbiz.de/10011700247
As we approach the half-way point for the achievement of many of the Millennium Development Goals (MDGs) the spotlight is shining ever more intently on the urgent need for new sources of revenue to pay for them. With the first international development duty launched, in the form of the...
Persistent link: https://www.econbiz.de/10005619414
due to taxation and how emergent properties from the interaction of traders like bubbles and crashes, excess volatility …, excess kurtosis and volatility clustering change. Numerical simulations reveal that under taxation traders abstain from short …-term trading in favour of longer investment horizons. This change in behavior leads to less excess volatility and diminishing …
Persistent link: https://www.econbiz.de/10003905064
investment horizons. This change in behavior leads to less volatility and less mispricings. When the tax rate exceeds a certain …
Persistent link: https://www.econbiz.de/10003935223
financial markets as the literature has here-to-fore been focused too narrowly on Gaussian variance as a measure of volatility …
Persistent link: https://www.econbiz.de/10010842928
liquidity and volatility. We extend the empirical research by the identification of FTT announcement and short-run treatment … effects, which may distort difference-in-differences estimates. In addition, we account not only for the intraday volatility … but also for long-term volatility measures. While we find strong evidence for a positive FTT announcement effect on …
Persistent link: https://www.econbiz.de/10011550386