Browsing Department of Economics (ECO) by Author "VESALA, Timo"

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Browsing Department of Economics (ECO) by Author "VESALA, Timo"

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    Title: The effect of a transaction tax on exchange rate volatility  Author(s): LANNE, Markku; VESALA, Timo Date: 2005 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We argue that a transaction tax is likely to amplify, not dampen, volatility in the foreign exchange markets. Our argument stems from the decentralized trading practice and the presumable discrepancy between 'informed' and ...