The abrogation of the “Impôt sur les opérations de bourse” did not foster the French stock market

Gunther Capelle-Blancard

Finance Research Letters, 2016, vol. 17, issue C, 257-266

Abstract: Between 1893 and 2007, a securities transaction tax (“Impôts sur les opérations de bourse”) was levied on the French market. In this paper, I assess the impact of the tax abrogation. Using a difference-in-difference approach, I find no impact on market liquidity and volatility.

Keywords: Financial transaction tax; Securities transaction tax; Tobin tax; Volatility; Liquidity; Financial regulation; Euronext (search for similar items in EconPapers)
JEL-codes: G21 H25 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S154461231630037X
Full text for ScienceDirect subscribers only

Related works:
Working Paper: The abrogation of the “Impôt sur les opérations de bourse” did not foster the French stock market (2016)
Working Paper: The abrogation of the “Impôt sur les opérations de bourse” did not foster the French stock market (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:17:y:2016:i:c:p:257-266

DOI: 10.1016/j.frl.2016.03.024

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().