Time Deposits, Dimensions, and Fraud
We stipulate, arguendo, that fractional-reserve-demand deposit banking is per se fraudulent. We ask whether or not time deposit banking can also be illicit, and answer in the positive, if there is a mismatch between the time dimensions of deposits and loans. To wit, if an intermediary borrows short...
| Authors: | ; |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer
2008
|
| In: |
Journal of business ethics
Year: 2008, Volume: 88, Issue: 4, Pages: 711 |
| Further subjects: | B
private property rights
B Time deposits B Libertarianism B Dimensions B Fraud |
| Online Access: |
Volltext (lizenzpflichtig) |
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| 520 | |a We stipulate, arguendo, that fractional-reserve-demand deposit banking is per se fraudulent. We ask whether or not time deposit banking can also be illicit, and answer in the positive, if there is a mismatch between the time dimensions of deposits and loans. To wit, if an intermediary borrows short and lends long. | ||
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