On the Necessary and Sufficient Conditions for Legitimate Banking Contracts

What role do demand deposits serve in the financial system? The answer to this simple question has great implications in keeping the legal terms of the contract consistent with the demands of the financial system. Demand deposits are a perfect monetary substitute. Since money is only held to hedge a...

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Bibliographic Details
Authors: Bagus, Philipp (Author) ; Gabriel, Amadeus (Author) ; Howden, David (Author)
Format: Electronic Article
Language:English
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Published: Springer 2018
In: Journal of business ethics
Year: 2018, Volume: 147, Issue: 3, Pages: 669-678
Further subjects:B Full-reserve banking
B Demand deposit
B Money substitutes
B Banking ethics
B Fractional-reserve banking
Online Access: Presumably Free Access
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