TAILIEUCHUNG - WU Vienna University of Economics and Business

The Government of Indonesia also formulated several regulations for sector specific PPPs, such as in the energy and water sectors, to provide information for private business entities, refer to the annex section for the list of PPP regulations. Deregulation and debottlenecking are therefore seen as a vital precursor for PPP projects to be implemented in Indonesia. Despite the improvement in regulatory reform, however the state budget is considered insufficient to fund the required levels of investment. Looking at Indonesia’s historical experiences of PPP, there are plentiful opportunities for business entities to invest in Indonesia in the long term, especially now. | WU Vienna University of Economics and Business Ị WIRTSCHAFTS UNIVERSITẴT WIEN VIENNA UNIVERSITY OF ECONOMICS AND BUSINESS Diploma Thesis EFMD EQUIS Thesis title Economics of Bitcoin is Bitcoin an alternative to fiat currencies and gold Author Peter Surda Student ID no. 9650205 Academic program Betriebswirtschaft J151 Advisor Univ. Doz. Mag. Dr. Peter R. Haiss With this statement I declare that this academic thesis was written entirely by me without the use of any sources other than those indicated and without the use of any unauthorized resources has never been submitted in any form for evaluation as an examination paper in Austria or any other country is identical to the version submitted to my advisor for evaluation. Date Signature Economics of Bitcoin is Bitcoin an alternative to fiat currencies and gold by Peter Surda Advisor Univ. Doz. Mag. Dr. Peter R. Haiss http author 115752 Abstract This paper presents an economic analysis of Bitcoin from a libertarian point of view. The theoretical part analyses the applicability of the Austrian School of Economics at Bitcoin. Of particular interest are the evolution of money competition among media of exchange and the concept of money supply. The empirical part analyses the following variables price price volatility liquidity visibility and velocity. I come to the conclusion that theoretically Bitcoin can be closer to the Austrian ideal of money than either fiat money or gold and it is possible that it will evolve into that position. The results of the empirical analysis are consistent with Bitcoin being a medium of exchange. Keywords Bitcoin digital cash currency competition Austrian business cycle theory Mises regression theorem JEL Codes E390 E410 E420 E510 G210 Highlights Bitcoin emerged as a market catallactic process and is evolving Bitcoin can evolve into money Bitcoin can prevent business cycles through inelastic supply of money Empirical analysis shows that Bitcoin may be an immature medium of .

Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.