<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2448-718X</journal-id>
<journal-title><![CDATA[El trimestre económico]]></journal-title>
<abbrev-journal-title><![CDATA[El trimestre econ]]></abbrev-journal-title>
<issn>2448-718X</issn>
<publisher>
<publisher-name><![CDATA[Fondo de Cultura Económica]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-718X2013000100207</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[El efecto de los impuestos a las transacciones financieras en la estabilidad de los mercados de capital. Un debate sin resolver]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Alonso Neira]]></surname>
<given-names><![CDATA[Miguel A.]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Rallo Julián]]></surname>
<given-names><![CDATA[Juan Ramón]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Romero Ania]]></surname>
<given-names><![CDATA[Alberto]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Rey Juan Carlos departamento de Economía Aplicada I ]]></institution>
<addr-line><![CDATA[Madrid ]]></addr-line>
<country>Spain</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Rey Juan Carlos departamento de Economía Aplicada I ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Spain</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,Universidad Rey Juan Carlos  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Spain</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2013</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2013</year>
</pub-date>
<volume>80</volume>
<numero>317</numero>
<fpage>207</fpage>
<lpage>231</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-718X2013000100207&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-718X2013000100207&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-718X2013000100207&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: El presente artículo analiza el debate en torno de la efectividad y las repercusiones de los impuestos a las transacciones financieras (ITF). A pesar de su uso habitual en varios países del G-20, quedan sin explicar muchos aspectos relacionados con su efecto en la estabilidad de los mercados financieros. Así, aunque la bibliografía académica suele coincidir en los efectos adversos de los ITF en el volumen de operaciones y el valor de los activos, no ocurre lo mismo en relación con sus repercusiones en la volatilidad de los precios a corto y a largo plazos, el proceso de descubrimiento de precios y la eficiencia informativa de los mercados.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: This paper analyzes the current debate on the effectiveness and impact of financial transaction taxes (FTT). Despite their regular use in several G-20 countries, there remain unexplained many aspects related to their impact on the stability of financial markets. Thus, although the academic literature tends to agree on the adverse effects of FTT on the trading volume and the value of financial assets, this is not the case in relation to their impact on short-term and long-term price volatility, the price discovery process, and the informational efficiency of financial markets.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[impuestos a las transacciones financieras]]></kwd>
<kwd lng="es"><![CDATA[tasa Tobin]]></kwd>
<kwd lng="es"><![CDATA[especulación financiera]]></kwd>
<kwd lng="es"><![CDATA[volatilidad de precios]]></kwd>
<kwd lng="es"><![CDATA[crisis financieras]]></kwd>
<kwd lng="es"><![CDATA[modelos de agentes heterogéneos]]></kwd>
<kwd lng="es"><![CDATA[controles de capitales]]></kwd>
</kwd-group>
</article-meta>
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