Rejoinder to Barnett and Block on the Ethics of Loan Maturity Mismatching
Keywords:Fractional reserves, banking, loan maturity mismatching
Davidson (2015) takes the position that it is ethical for a bank to borrow money for a shorter time period, and lend this same money out for a longer term. Barnett and Block (forthcoming) disagree. The present paper is a response to Barnett and Block.
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