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Security Price Changes and Transaction Volumes: Comment

✍ Scribed by Meir I. Schneller


Book ID
125651201
Publisher
American Economic Association
Year
1978
Tongue
English
Weight
100 KB
Volume
68
Category
Article
ISSN
0002-8282

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Securities Transactions Taxes (STTs) are intended to reduce or eliminate excessive volatility in stock prices caused by short-term speculative trading. To examine the implicit assumption that stock price volatility is caused by short-term trading, we investigate the relationship between volatility a