Financial transaction tax and banking margins : an empirical note for Colombia

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Borradores de Economía; No. 909
Date published
2015-10-21
Date of last update
2015-10-21
Author
Lozano-Espitia, Luis Ignacio
Vargas-Herrera, Hernando
Rodríguez-Niño, Norberto
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
Taxes on financial transactions have been especially controversial because of their potential effects on banking disintermediation. A modality of such taxes (Bank Debit Tax, BDT) was introduced in Colombia since the late nineties. Using monthly panel data
JEL Codes
G28 - Financial Institutions and Services: Government Policy and RegulationG12 - Asset Pricing; Trading Volume; Bond Interest RatesG21 - Banks; Depository Institutions; Micro Finance Institutions; MortgagesH21 - Efficiency; Optimal Taxation
Keywords
Banking margins ; Intermediary ; Financial regulation ; Tax distortions ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6220
https://hdl.handle.net/20.500.12134/6220
https://doi.org/10.32468/be.909
https://ideas.repec.org/p/bdr/borrec/909.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit