<> "The repository administrator has not yet configured an RDF license."^^ . <> . . "Financial Transaction Tax and Financial Market Stability with Diverse Beliefs"^^ . "This papers studies the impact of a financial transactions tax on the trading volume and asset price volatility in a model with heterogeneous beliefs. To model heterogeneous beliefs we follow Kurz (1994, 1997) and restrict the class of beliefs to the subset of rational beliefs. We study a tax on bond and asset purchases. The simulated model shows that the introduction of a transaction tax results in a lower trading volume and therefore in less liquid financial markets. Because of the decreased liquidity the volatility of the stock market increases. We also study the welfare effects of a financial transaction tax and the simulation results also show that there is only a small change in welfare."^^ . "2014-04" . . . "0563" . . . . . "Jörg"^^ . "Rieger"^^ . "Jörg Rieger"^^ . . . . . . "Financial Transaction Tax and Financial Market Stability with Diverse Beliefs (PDF)"^^ . . . "Rieger_2014_dp563.pdf"^^ . . . "Financial Transaction Tax and Financial Market Stability with Diverse Beliefs (Other)"^^ . . . . . . "indexcodes.txt"^^ . . . "Financial Transaction Tax and Financial Market Stability with Diverse Beliefs (Other)"^^ . . . . . . "lightbox.jpg"^^ . . . "Financial Transaction Tax and Financial Market Stability with Diverse Beliefs (Other)"^^ . . . . . . "preview.jpg"^^ . . . "Financial Transaction Tax and Financial Market Stability with Diverse Beliefs (Other)"^^ . . . . . . "medium.jpg"^^ . . . "Financial Transaction Tax and Financial Market Stability with Diverse Beliefs (Other)"^^ . . . . . . "small.jpg"^^ . . "HTML Summary of #16804 \n\nFinancial Transaction Tax and Financial Market Stability with Diverse Beliefs\n\n" . "text/html" . . . "330 Wirtschaft"@de . "330 Economics"@en . .