On The Ramifications Of A Securities Transactions Tax For The Function And Efficiency Of Capital Markets PDF Download

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The Securities Industry

The Securities Industry
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications, Consumer Protection, and Finance
Publisher:
Total Pages: 256
Release: 1981
Genre: Capital investments
ISBN:

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Securities Transaction Taxes

Securities Transaction Taxes
Author: Catalyst Institute
Publisher: Irwin Professional Publishing
Total Pages: 216
Release: 1994
Genre: Business & Economics
ISBN:

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You'll gain an understanding of all sides of this public policy debate - implementation issues, global concerns, and more - that will help you to gage the soundness of current arguments for and against STTs and to come to your own conclusions about their effectiveness.


Securities Transaction Taxes and Financial Markets

Securities Transaction Taxes and Financial Markets
Author: Karl Habermeier
Publisher:
Total Pages: 30
Release: 2006
Genre:
ISBN:

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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.