| Habermeier, K., and A. Kirilenko, 2000, Securities transaction taxes and financial markets, typescript, International Monetary Fund, June. |
....to this important policy question, it does not invalidate the arguments of transaction tax supporters. Looking forward, I expect that order flow analysis has a good deal more to contribute to this policy issue. For recent treatments using order flow analysis, see Hau and Chevallier 2000 and Habermeier and Kirilenko 2000. 4 Where FX is Going Implications for Order Flow Analysis The FX market has undergone important changes over the last ten years. Perhaps the most important change is the shift from voice based interdealer brokers to electronic interdealer brokers. This trend away from humanintermediated ....
Habermeier, K., and A. Kirilenko, 2000, Securities transaction taxes and financial markets, typescript, International Monetary Fund, June.
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