Securities Transaction Taxes and Market Quality of Equity and Futures Markets: Issues and Evidence

2018 ◽  
Author(s):  
George H. K. Wang
2020 ◽  
Vol 40 (11) ◽  
pp. 1751-1766
Author(s):  
Qingfu Liu ◽  
Qian Luo ◽  
Yiuman Tse ◽  
Yuchi Xie

2004 ◽  
Vol 44 (6) ◽  
pp. 629
Author(s):  
K. Porter ◽  
G. Collins ◽  
A. Klieber

The effects of 3 common handling procedures and mishaps (dropping, compression and trimming) applied to Chinese cabbage cv. Yuki [Brassica campestris L. ssp. pekinensis (Lour.) Olsson] were compared to unstressed control cabbages. Heads were mechanically stressed by dropping from 50 cm onto a hard floor, by prolonged compression under 3 kg of weight before storage, or by repeated trimming of the outer leaves during storage. Cabbages were stored at 2°C for 9 weeks. Market quality of cabbages was not affected by the mechanical stresses, but storage for 9 weeks reduced marketable quality. Heads that were repeatedly trimmed produced less ethylene at the end of the storage period compared to the start, and less ethylene than the other treatments (due to the removal of outer senescing and rotting leaves); however, marketable yield was not improved.


2018 ◽  
Vol 04 (03n04) ◽  
pp. 1950008
Author(s):  
James Brugler ◽  
Oliver Linton ◽  
Joseph Noss ◽  
Lucas Pedace

This paper uses transaction data to estimate how single stock circuit breakers on the London Stock Exchange affect other stocks that remain in continuous trading. This “spillover” effect is estimated by calculating the effect of a trading halt on the market quality of stocks that remain in continuous trading and comparing this with the effect of a stock whose absolute returns are of a magnitude nearly sufficient to trigger a trading halt but do not do so. Market quality is measured using a combination of trading costs, volatility and volume. In the two-month period we study, characterized by a relatively volatile trading environment, we find that circuit breakers lead to a significant improvement in the liquidity, and reduction in the volatility, of stocks that remain in continuous trading. This suggests that — at least over the period covered by our data — single stock circuit breakers can play an important role in reducing the spillover of poor market quality across stocks.


2020 ◽  
Vol 40 (10) ◽  
pp. 1486-1507
Author(s):  
Ying Jiang ◽  
Neil Kellard ◽  
Xiaoquan Liu

2010 ◽  
Vol 32 (2) ◽  
pp. 177-187 ◽  
Author(s):  
M. R. Fernandez ◽  
F. R. Clarke ◽  
R. E. Knox ◽  
J. M. Clarke ◽  
A. K. Singh

1956 ◽  
Vol 35 (1) ◽  
pp. 37-46 ◽  
Author(s):  
P.H. Margolf ◽  
E.W. Callenbach ◽  
R.C. Miller ◽  
J.E. Nicholas ◽  
J.S. Perry ◽  
...  
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