Costs and benefits of financial regulation: Short-selling bans and transaction taxes

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@Article{Lensberg2015103,
  author =       "Terje Lensberg and Klaus Reiner Schenk-Hoppe and 
                 Dan Ladley",
  title =        "Costs and benefits of financial regulation:
                 Short-selling bans and transaction taxes",
  journal =      "Journal of Banking \& Finance",
  year =         "2015",
  volume =       "51",
  pages =        "103--118",
  month =        feb,
  keywords =     "genetic algorithms, genetic programming, Financial
                 regulation, Portfolio management, Market
                 microstructure",
  ISSN =         "0378-4266",
  URL =          "http://www.sciencedirect.com/science/article/pii/S0378426614003458",
  DOI =          "doi:10.1016/j.jbankfin.2014.10.014",
  size =         "16 pages",
  abstract =     "We quantify the effects of financial regulation in an
                 equilibrium model with delegated portfolio management.
                 Fund managers trade stocks and bonds in an order-driven
                 market, subject to transaction taxes and constraints on
                 short-selling and leverage. Results are obtained on the
                 equilibrium properties of portfolio choice, trading
                 activity, market quality and price dynamics under the
                 different regulations. We find that these measures are
                 neither as beneficial as some politicians believe nor
                 as damaging as many practitioners fear",
}

Genetic Programming entries for Terje Lensberg Klaus Reiner Schenk-Hoppe Dan Ladley

Citations