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Prologue.- Using Tax Policy to Curb Speculative Short-Term Trading.- Commentary.- Stock Market Margin Requirements and Volatility: Implications for Regulation of Stock Index Futures.- Commentary.- Margin Requirements and Stock Volatility.- Volatility, Price Resolution, and the Effectiveness of Price Limits.- Commentary.- Commentary.- Price Volatility, International Market Links, and Their Implications for Regulatory Policies.- Commentary.- Commentary.- When Financial Markets Work too Well: A Cautious Case for a Securities Transactions Tax.- Initial Margin Requirements and Stock Returns Volatility: Another Look.