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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...
| Autores principales: | , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
North-Holland Pub. Co
2011
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| 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 |