New Evidence and Some Clarifications on the Ethical Implications of Hybrid Banking Contracts

This article provides a potential denouement of a rich debate about one of the most contentious ethical issues in economics: fractional reserve lending. It provides a considered response to Philipp Bagus, David Howden, and Amadeus Gabriel’s (2017) claim that hybrid contracts are examples of “hubris,...

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Bibliographic Details
Published inQuarterly journal of Austrian economics Vol. 24; no. 4; pp. 591 - 605
Main Author Evans, Anthony
Format Journal Article
LanguageEnglish
Published Auburn Ludwig von Mises Institute 15.12.2021
Subjects
Bank reserves
Banking
Banking industry
Business cycles
Business ethics
Debates
Deposit accounts
Ethical dilemmas
International finance
Loans
Public policy
Regulation of financial institutions
Reserve requirements
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Summary:This article provides a potential denouement of a rich debate about one of the most contentious ethical issues in economics: fractional reserve lending. It provides a considered response to Philipp Bagus, David Howden, and Amadeus Gabriel’s (2017) claim that hybrid contracts are examples of “hubris,” provides some new empirical evidence, and clarifies certain points of disagreement.
ISSN:1098-3708
1936-4806
DOI:10.35297/qjae.010118