03478ntm a22004937i 4500 000167752 CZ-PrVSE 20210619205335.0 m d cr n|||||||||| 210619s2021 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Malinovský, Daniel ISIS:141533 dis Dopad transakčních nákladů na prostředky směny eng Impact of Transaction Costs on Mediums of Exchange / Daniel Malinovský 2021 ?? stran : digital, PDF soubor Vedoucí práce: Petr Teplý Bakalářská práce (Bc.)—Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví, 2021 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2021 In this thesis, we present our theoretical model on the various levels of liquidity of individual forms of money. Specifically, we connect Coase's transaction costs economics applied on money forms through history together with Keynes' preference of liquidity in order to explain how transaction costs impact the selection of which money form is used as a medium of exchange. By testing two hypotheses, we came to the following conclusions, 1. money forms are imperfect and are limited in their innovation and, 2. transaction costs have an impact on the liquidity of the money form. We show that each money form has an innovation limit that cannot be overcome by design. Comparative analysis is employed to identify trends in transaction costs of the individual forms of money. Each newer money form is linked to lower transaction costs and thus higher liquidity. High liquidity money forms with lower transaction costs then push low liquidity money forms out of circulation through a process called "monetary extrusion." Furthermore, attention is given to individual consumer preferences in transaction costs which serve as an explanation of the different preferences of money forms among consumers. Our results show important policy implications for regulators regarding consumers' varying preferences. With these implications come additional considerations that regulators should take into account while making a cost-benefit analysis of CBDC implementation. Among these considerations are the amount of trust between central banks and consumers, cashless adoption, and privacy concerns. Způsob přístupu: Internet finance [obor bakal. práce] bakalářské práce fd132403 czenas bachelor's theses eczenas transaction costs money forms liquidity Teplý, Petr, 1977- mzk2008486526 ths Janda, Karel xx0053102 opn Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví kn20010709398 dgg https://insis.vse.cz/zp/76889/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/76889 Hlavní práce https://insis.vse.cz/zp/76889/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/76889/posudek/oponent/71423 Oponentura https://insis.vse.cz/zp/76889/podrobnosti dc:identifier NEPOSILAT VSKP vse76889 210617 76889