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This article, prepared for the Conference on Regulatory Reform of Stocks and Futures Markets, given at Columbia University, May 1989, is based in part on earlier research on the effects of capital taxes.
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Stiglitz, J.E. Using tax policy to curb speculative short-term trading. J Finan Serv Res 3, 101–115 (1989). https://doi.org/10.1007/BF00122795