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

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  • David Tobón Orozco

    ()

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.

Suggested Citation

  • David Tobón Orozco, 1999. "The true cost of the two per thousand taxes on banking transactions in Colombia," Grupo Microeconomía Aplicada 012, Universidad de Antioquia, Departamento de Economía.
  • Handle: RePEc:lde:grupom:012
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    More about this item

    Keywords

    money demand; taxes on banking transactions; financial intermediation;

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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