TY - JOUR
TI - The impact of the financial transaction tax on the liquidity premium of retail customers’ bank deposits
AU - Kovács, Gábor
TI - The impact of the financial transaction tax on the liquidity premium of retail customers’ bank deposits
AB - 
	The paper aims to describe how the amount of retail customers’ bank deposits has changed as a result of launching the financial transaction tax in Hungary. The liquidity premium related to all bank deposits offered by Hungarian banks will be analysed and its amount will be calculated from the transfer costs on the supply side. The objective of the research is to measure liquidity premium at sector level. When analysing the liquidity premium, both the size of the invested amount and duration of the deposit are tackled. Since the size of liquidity premium may considerably affect competition on the market, the paper tries to model this relationship and estimate the value of the corresponding parameters.

	This paper was written in the framework of ‘EFOP-3.6.1-16-2016-00017’project.
VL - 2018
IS - Issue 4 (44)
PY - 2018
SN - 1896-0200
C1 - 2084-3968
SP - 467
EP - 479
DO - 10.4467/20843968ZP.18.036.9939
UR - https://ejournals.eu/en/journal/zarzadzanie-publiczne/article/the-impact-of-the-financial-transaction-tax-on-the-liquidity-premium-of-retail-customers-bank-deposits
KW - transaction tax
KW - bank deposit
KW - liquidity
KW - interest
KW - competition