Deposits, Loans, and Banking
Clarifying the Debate
Dados Bibliográficos
| ID | 2804420 |
|---|---|
| Autores | Philipp Bagus (0000-0002-8233-6629, Universidad Rey Juan Carlos, autor correspondente), David Howden (0000-0003-3008-0446, Universidad Rey Juan Carlos, autor correspondente), Walter Block, Walter E Block (0000-0003-2215-4791, Universidad Rey Juan Carlos, autor correspondente) |
| Ano | 2013 |
| Volume | 72 |
| Fascículo | 3 |
| Páginas | 627-644 |
| Data de publicação | 2013-07-01 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | American Journal of Economics and Sociology (JOURNAL) |
| Identificadores do periódico | ISSN: 0002-9246 • E-ISSN: 1536-7150 |
| Editora | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ajes.12023 |
| OpenAlex | W2102269182 |
| Idioma | EN |
| Citações recebidas | 1 |
| Referências citadas | 14 |
The relationship between banking deposits and loans is contentious. While the defense of a 100 percent reserve clause to eliminate fractional reserves has commonly been asserted on economic and ethical grounds, Huerta de Soto (2006) arguments are largely ignored. Rozeff (2010) is an example. We show that treating a loan and a deposit interchangeably is impermissible due to both established and a priori legal principles. At best, fractional reserves may be considered an aleatory contract but this is incompatible with the reason individuals hold money—mitigating uncertainty. Deposit and loan contracts are distinct, and may not be contractually melded together
Actuarial science · Business · Economics · Financial system · Law and economics · Loan · Banking stability, regulation, efficiency · Finance
| Obras citantes distintas | 1 |
|---|---|
| Citações por ano | 0,33 |
| Intervalo de citações | 2023 - 2023 (1) |
| Velocidade de citação | historical |
| Altamente citado | Não |
| Tipos de citação | Neutras: 1 |