Securities transaction taxes and financial markets /

Saved in:
Bibliographic Details
Author / Creator:Habermeier, Karl Friedrich.
Imprint:[Washington, D.C.] : International Monetary Fund, Monetary and Exchange Affairs Dept., ©2001.
Description:1 online resource (29 pages)
Language:English
Series:IMF working paper ; WP/01/51
IMF working paper ; WP/01/51.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12497199
Hidden Bibliographic Details
Other authors / contributors:Kirilenko, Andrei.
International Monetary Fund. Monetary and Exchange Affairs Department.
ISBN:1451894139
9781451894134
128133135X
9781281331359
146233993X
9781462339938
1452768447
9781452768441
9786613778765
6613778761
Notes:Includes bibliographical references (pages 25-27).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
Summary:This paper argues that securities transaction taxes "throw sand" not in the wheels, but into the engine of financial markets where the transformation of latent demands into realized transactions takes place. The paper considers the impact of transaction taxes on financial markets in the context of four questions. How important is trading? What causes price volatility? How are prices formed? How valuable is the volume of transactions? The paper concludes that transaction taxes or such equivalents as capital controls can have negative effects on price discovery, volatility, and liquidity and lead to a reduction in the informational efficiency of markets.
Other form:Print version: Habermeier, Karl Friedrich. Securities transaction taxes and financial markets. [Washington, D.C.] : International Monetary Fund, Monetary and Exchange Affairs Dept., ©2001

MARC

LEADER 00000cam a2200000 a 4500
001 12497199
006 m o d
007 cr bn||||||abp
007 cr bn||||||ada
008 100712s2001 dcua ob i000 0 eng d
005 20240822221444.7
019 |a 815743052  |a 817107325  |a 1058509972  |a 1096685075  |a 1202542513 
020 |a 1451894139 
020 |a 9781451894134 
020 |a 128133135X 
020 |a 9781281331359 
020 |a 146233993X 
020 |a 9781462339938 
020 |a 1452768447 
020 |a 9781452768441 
020 |a 9786613778765 
020 |a 6613778761 
035 9 |a (OCLCCM-CC)647482310 
035 |a (OCoLC)647482310  |z (OCoLC)815743052  |z (OCoLC)817107325  |z (OCoLC)1058509972  |z (OCoLC)1096685075  |z (OCoLC)1202542513 
037 |b 00013468 
040 |a OCLCE  |b eng  |e pn  |c OCLCE  |d CUS  |d OCLCQ  |d OCLCA  |d OCLCQ  |d CEF  |d OCLCO  |d IDEBK  |d OCLCF  |d OCLCQ  |d OCL  |d AU@  |d VT2  |d OCLCQ  |d OCLCO 
042 |a dlr 
049 |a MAIN 
050 4 |a HG3881.5.I58  |b W67 no.01/51 
100 1 |a Habermeier, Karl Friedrich. 
245 1 0 |a Securities transaction taxes and financial markets /  |c Karl Habermeier and Andrei Kirilenko. 
260 |a [Washington, D.C.] :  |b International Monetary Fund, Monetary and Exchange Affairs Dept.,  |c ©2001. 
300 |a 1 online resource (29 pages) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/01/51 
504 |a Includes bibliographical references (pages 25-27). 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
583 1 |a digitized  |c 2010  |h HathiTrust Digital Library  |l committed to preserve  |2 pda  |5 MiAaHDL 
588 0 |a Print version record. 
520 |a This paper argues that securities transaction taxes "throw sand" not in the wheels, but into the engine of financial markets where the transformation of latent demands into realized transactions takes place. The paper considers the impact of transaction taxes on financial markets in the context of four questions. How important is trading? What causes price volatility? How are prices formed? How valuable is the volume of transactions? The paper concludes that transaction taxes or such equivalents as capital controls can have negative effects on price discovery, volatility, and liquidity and lead to a reduction in the informational efficiency of markets. 
546 |a English. 
650 0 |a Securities  |x Taxation  |x Econometric models. 
650 0 |a Capital market  |x Econometric models. 
650 0 |a Transaction costs  |x Econometric models. 
650 6 |a Valeurs mobilières  |x Impôts  |x Modèles économétriques. 
650 6 |a Marché financier  |x Modèles économétriques. 
650 6 |a Coûts de transaction  |x Modèles économétriques. 
650 7 |a Capital market  |x Econometric models.  |2 fast  |0 (OCoLC)fst00846359 
650 7 |a Transaction costs  |x Econometric models.  |2 fast  |0 (OCoLC)fst01154508 
655 4 |a Electronic books. 
700 1 |a Kirilenko, Andrei. 
710 2 |a International Monetary Fund.  |b Monetary and Exchange Affairs Department.  |0 http://id.loc.gov/authorities/names/no92029436 
776 0 8 |i Print version:  |a Habermeier, Karl Friedrich.  |t Securities transaction taxes and financial markets.  |d [Washington, D.C.] : International Monetary Fund, Monetary and Exchange Affairs Dept., ©2001  |w (OCoLC)46972490 
830 0 |a IMF working paper ;  |v WP/01/51.  |0 http://id.loc.gov/authorities/names/no89010263 
856 4 0 |u http://elibrary.imf.org/view/journals/001/2001/051/001.2001.issue-051-en.xml  |y INTERNATIONAL MONETARY FUND 
929 |a oclccm 
999 f f |i b1c76313-c3d3-54fe-a810-2cc85c4263b3  |s bb0b8cf8-6f2c-544a-931a-24262242a46a 
928 |t Library of Congress classification  |a HG3881.5.I58W67 no.01/51  |l Online  |c UC-FullText  |u http://elibrary.imf.org/view/journals/001/2001/051/001.2001.issue-051-en.xml  |z INTERNATIONAL MONETARY FUND  |g ebooks  |i 12141230