Welfare analysis in a cashless economy
Fecha
2018Autor
Director
Versión
Acceso abierto / Sarbide irekia
Tipo
Trabajo Fin de Grado/Gradu Amaierako Lana
Impacto
|
nodoi-noplumx
|
Resumen
The use of money can involve either an electronic adjustment or the exchange of cash
.
Phasing out cash has costs such as
the
disruption of privacy
and the loss of
seigniorage
revenues,
and benefits such as
less
criminal
activities
, reduction of tax evasion and an
unconstrained monetary policy at the Zero Lower Bound
. Nowadays, new technolog ...
[++]
The use of money can involve either an electronic adjustment or the exchange of cash
.
Phasing out cash has costs such as
the
disruption of privacy
and the loss of
seigniorage
revenues,
and benefits such as
less
criminal
activities
, reduction of tax evasion and an
unconstrained monetary policy at the Zero Lower Bound
. Nowadays, new technologies are
challenging the use of cash, which implies rethinking the
role of money
to facilitate
transactions.
This
paper makes a welfare
analysis using a Real Business Cycle model
with
money
to
find
the optimal share of electronic money
. Additionally, the effects of
tax evasion,
transaction costs and the
long
-
run
inflation rate
are estimated
. [--]
Materias
Cash,
Electronic money,
Real business cycle model,
Steady,
State solution,
Transaction,
Coxts,
Tax evasion,
Zero lower bound
Titulación
Enpresen Administrazio eta Zuzendaritzan Nazioarteko Graduatua / Ekonomian Nazioarteko Graduatua Nafarroako Unibertsitate Publikoan /
Graduado o Graduada Internacional en Administración y Dirección de Empresas / Graduado o Graduada Internacional en Economía por la Universidad Pública de Navarra