The Impact of Transaction Costs on Turnover and Asset Prices; The Cases of Sweden’s and Finland’s Security Transaction Tax Reductions.

Joakim WesterholmSwan Peter L.
CEIS Working Papers
Drastic changes in transaction tax on securities trading in both Sweden and Finland give us a unique opportunity to study the effects of a purely exogenous change in transaction costs. The impact on turnover can be predicted accurately using a simple mode
Number: 144
Date: Sunday 01 April 2001
Revision Date: Sunday 01 April 2001