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

Borradores de Economia
Número: 
909
Publicado: 
Clasificación JEL: 
G12, G21, G28, H21
Palabras clave: 
Banking Margins, Intermediary, Financial Regulation, Tax Distortions

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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