Description

• Title:
  A Critique of the Pure Natural Law Approach to Loan Maturity Mismatching and Fractional Reserve Banking
• Creator:
  Pérez Medina, Esteban;
  Bagus, Philipp
• Description:
  This article addresses the debate on fractional reserve banking and maturity mismatching. Block and Barnett (2011) as well as Evans (2014) have regarded the distinction between loans and deposits as unclear, especially regarding the contracts’ maturities. Davidson (2015) applying the a priori Title Transfer Theory cannot solve the continuum conundrumsatisfactorily. We show how a free legal system by rule finding judges can settle the continuum problem and other problemsrelating to banking contracts in practice. The very same rule finding offers a new solution in the case of on-demanddeposits with a withdrawal notice. The ethics of loan and deposit contracts can only by fully understood and sortedout by adhering to legal logic, proceedings, and general legal principles.
• Object availability:
  free access
• Rights:
  Prawa autorskie (c) 2019 Dialogi Polityczne
• Date:
  2018.06.15
• Type:
  info:eu-repo/semantics/article;
  info:eu-repo/semantics/publishedVersion
• Language:
  English
• Source:
  Political Dialogues; No. 24 (2018); 11-22;
  Dialogi Polityczne; Nr 24 (2018); 11-22;
  1730-8003
• Format:
  application/pdf
• Publisher:
  Uniwersytet Mikołaja Kopernika w Toruniu
• Relation: https://apcz.umk.pl/DP/article/view/DP.2018.001/16655
• Subject:
  fractional reserve banking;
  title transfer theory;
  deposits;
  loans;
  irregular deposits
• Identifier: https://apcz.umk.pl/DP/article/view/DP.2018.001
• Data provider:
  Akademicka Platforma Czasopism
• Can I use it?:
  seek permission
• Type:
  text