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文章基本信息

  • 标题:The impact of financial transaction taxes: Evidence from Italy
  • 本地全文:下载
  • 作者:Tobias R. Rühl ; Michael Stein
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2014
  • 卷号:34
  • 期号:1
  • 页码:25-34
  • 出版社:Economics Bulletin
  • 摘要:This study gives first evidence on the consequences of the introduction of a transaction tax in Italian financial markets in 2013. We discuss the consequences of this tax on trading volume, volatility, and trading costs of FTSE MIB stocks. The structure of the tax introduction gives us the opportunity to see the particular consequences of a market-wide tax on high-frequency trading behavior.
  • 关键词:Market Microstructure; Financial Transaction Tax; Bid-Ask Spreads
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