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

Gunther Capelle-Blancard

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

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)
Date: 2016
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Citations: View citations in EconPapers (4)

Published in Finance Research Letters, 2016, ⟨10.1016/j.frl.2016.03.024⟩

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Related works:
Journal Article: 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)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:hal-01297093

DOI: 10.1016/j.frl.2016.03.024

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