Rejoinder to Davidson on the Ethics of Loan Maturity Mismatching and Fractional Reserve Banking

  • Walter E. Block
  • William Barnett
Keywords: Fractional reserves, Banking, Loan maturity mismatching

Abstract

Davidson (2014) takes the position that there is nothing unethical about loan maturity mismatching, particularly when a bank borrows money for a shorter time horizon than when it lends it out. The present paper takes issue with her position, and maintains that not only is this practice unethical, it should be outlawed.

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Published
2015-12-01
How to Cite
1.
Block WE, Barnett W. Rejoinder to Davidson on the Ethics of Loan Maturity Mismatching and Fractional Reserve Banking. MisesJournal [Internet]. 2015Dec.1 [cited 2020Feb.27];3(2):411-25. Available from: https://misesjournal.org.br/misesjournal/article/view/777
Section
Economics, Methodology and Praxiology