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Market microstructure matters when imposing a Tobin tax—Evidence from the lab()

Trading in FX markets is dominated by two microstructures: exchanges with market makers and OTC-markets without market makers. Using laboratory experiments we test whether the impact of a Tobin tax is different in these two market microstructures. We find that (i) in markets without market makers an...

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Detalles Bibliográficos
Autores principales: Kirchler, Michael, Huber, Jürgen, Kleinlercher, Daniel
Formato: Online Artículo Texto
Lenguaje:English
Publicado: North-Holland Pub. Co 2011
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3226974/
https://www.ncbi.nlm.nih.gov/pubmed/22210970
http://dx.doi.org/10.1016/j.jebo.2011.06.001