Portfolio Choice and Transactions Taxes

Kurzanzeige
dc.contributor.authorHaberer, Markusdeu
dc.date.accessioned2011-03-25T09:41:14Zdeu
dc.date.available2011-03-25T09:41:14Zdeu
dc.date.issued2003deu
dc.description.abstractIn a simple portfolio choice model of two assets a foreign exchange transactions tax is implemented. We show that the graph in the ¹-¾2- range is still a parabola and delineate its characteristics for altering tax rates. We presumed a risk avers investor seeking to minimize investment risks by international diversification of two uncorrelated assets. The main finding is that setting up a portfolio under the new tax condition leads to a higher transaction volume on international fi- nancial markets. In contrast, the transactions tax has got a stabilizing character when adjusting the portfolio to increased foreign investment risks.eng
dc.description.versionpublished
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dc.identifier.ppn108731588deu
dc.identifier.urihttp://kops.uni-konstanz.de/handle/123456789/11941
dc.language.isoengdeu
dc.legacy.dateIssued2003deu
dc.relation.ispartofseriesCoFE-Diskussionspapiere / Zentrum für Finanzen und Ökonometrie
dc.rightsterms-of-usedeu
dc.rights.urihttps://rightsstatements.org/page/InC/1.0/deu
dc.subjectInternational Financial Marketsdeu
dc.subjectPortfolio Choicedeu
dc.subjectTransactions Taxdeu
dc.subjectRisk Diversificationdeu
dc.subjectTobin Taxdeu
dc.subject.ddc330deu
dc.subject.jelG18deu
dc.subject.jelH29deu
dc.subject.jelO16deu
dc.subject.jelG15deu
dc.subject.jelO23deu
dc.subject.jelG11deu
dc.subject.jelH39deu
dc.titlePortfolio Choice and Transactions Taxeseng
dc.typeWORKINGPAPERdeu
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kops.bibliographicInfo.seriesNumber2003/09deu
kops.citation.bibtex
@techreport{Haberer2003Portf-11941,
  year={2003},
  series={CoFE-Diskussionspapiere / Zentrum für Finanzen und Ökonometrie},
  title={Portfolio Choice and Transactions Taxes},
  number={2003/09},
  author={Haberer, Markus}
}
kops.citation.iso690HABERER, Markus, 2003. Portfolio Choice and Transactions Taxesdeu
kops.citation.iso690HABERER, Markus, 2003. Portfolio Choice and Transactions Taxeseng
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