The true cost of the two per thousand taxes on banking transactions in Colombia

David Tobón Orozco

No 12, Grupo Microeconomía Aplicada from Universidad de Antioquia, Departamento de Economía

Abstract: We apply a simple version of the Baumol Tobin model of Money Demand to determine the costs incurred by agents due to the existence of a proportional tax on the value of banking transactions in Colombia, and the incentives to use less and less the legal financial system.

Keywords: money demand; taxes on banking transactions; financial intermediation (search for similar items in EconPapers)
JEL-codes: E41 E44 (search for similar items in EconPapers)
Pages: 4 pages
Date: 1999
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