03376ntm a22005177a 4500 000260537 CZ-PrVSE 20140622182146.0 m d cr n|||||||||| 140622s2014 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 Gawthorpe, Kateřina ISIS:71557 dis Competing currencies as an alternative scenario to legal tender clause : Mathematical proof eng COMPETING CURRENCIES AS AN ALTERNATIVE SCENARIO TO LEGAL TENDER CLAUSE [elektronický zdroj] : MATHEMATICAL PROOF / Kateřina Gawthorpe 2014 ?? s. : digital, PDF soubor Vedoucí práce: Dominik Stroukal Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Národohospodářská fakulta, 2014 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2014 Previous literature examining the scenario without the constraint of legal tender law is a rather theoretical analysis of the subject matter. Aside from the theoretical examination of the competition of money this paper offers dynamic structural macroeconomic model based on the money in the utility function. This model compares the current monetary conditions with the potential situation permitting more currencies circulating alongside. The main assumption about individuals' preferences over stable currencies underlines the whole paper with emphasis on the mathematical model. The uniqueness of this model lies in the incorporation of variables affecting respective money demand functions into the utility function of the DSGE model and in the purpose of its use as well as its variables, where representative agent is a household owning a bank rather than a firm. Overall the results of this paper favor the idea of exclusion of the legal tender law in a developed country without severe turmoil. Particularly, the ascent of competition among currencies leads to lower inflation than present scenario. However, final simulations of the model in Matlab supplements such so far "unambiguous" view with skepticism due to possible difficulties during discovery process in such scenario. Způsob přístupu: Internet ekonomická analýza [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas Dynamic Stochastic General Equilibrium Legal Tender Monetary policy Alternative Currencies DSGE Stroukal, Dominik, 1987- xx0030356 ths Nikolovová, Pavla, 1982- jo2012734561 opn Vysoká škola ekonomická v Praze. Národohospodářská fakulta kn20010709401 https://isis.vse.cz/zp/44181/podrobnosti VŠKP v InSIS https://isis.vse.cz/zp/44181 Hlavní práce https://isis.vse.cz/zp/44181/posudek/vedouci Hodnocení vedoucího https://isis.vse.cz/zp/44181/posudek/oponent/37831 Oponentura http://isis.vse.cz/zp/125020/podrobnosti dc:identifier NEPOSILAT VSKP 125020 vse44181 140620