The Continuing Continuum Problem and Future Goods Reportar como inadecuado




The Continuing Continuum Problem and Future Goods - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.

Abstract

Barnett and Block 2011 argue that one cannot distinguish between deposits and loans due to the continuum problem of maturities and because future goods do not exist – both essential characteristics that distinguish deposit from loan contracts. In a similar way but leading to opposite conclusions, Bagus and Howden forthcoming maintains that both maturity mismatching and fractional reserve banking are ethically justified as deposit and loan contracts are equivalent. We argue herein that the economic and legal differences between genuine deposit and loan contracts are clear. This implies different legal obligations for deposit and loan contracts, a necessary step in assessing the ethics of both fractional reserve banking and maturity mismatching. While the former is economically, legally, and perhaps most importantly ethically problematic, there are no such troubles with the latter.



Item Type: MPRA Paper -

Original Title: The Continuing Continuum Problem and Future Goods-

Language: English-

Keywords: banking, fraud, fractional reserves, maturity mismatching, natural law, difference loans and deposits, continuum problem, claims to future goods-

Subjects: M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M2 - Business Economics-





Autor: Bagus, Philipp

Fuente: https://mpra.ub.uni-muenchen.de/79595/



DESCARGAR PDF




Documentos relacionados