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| Author: | Aliber, R. Z. Chowdhry, B. Yan, S. |
| Title: | Some evidence that a Tobin tax on foreign exchange transactions may increase volatility |
| Journal: | European Finance Review
2003 : VOL. 7:3, p. 481-510 |
| Index terms: | |
| Language: | eng |
| Abstract: | The results of this study are consistent with the notion that an increase in transactions costs lead to a reduction in volume of trading as one might expect, but its effect on volatility is exactly opposite of what proponents of Tobin tax would have liked to see. |
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