Former Honors Student, Matthew Ackman, discusses the implication of taxing securities transactions on liquidity

V. Galani - 30 April 2021

Many economists have, in recent years, advocated some sort of tax on financial transactions in order to reduce financial market volatility. What is the implication of taxing securities transactions on liquidity? For insights take a look at this paper (https://authors.elsevier.com/sd/article/S2405-8440(21)00521-1) by Matthew Ackman, a former Economics Honors student (Class of 2019), now at the Bank of Canada. The article is co-authored with U of A Economics Associate Professor, Valentina Galvani. The paper grew out of a Roger Smith Undergraduate Research project undertaken by Matthew under the supervision of Professor Galvani in 2018.