Time Deposits,Dimensions, and Fraud |
| |
| Authors: | William BarnettII Walter E. Block |
| |
| Affiliation: | (1) Department of Economics, MIT, Memorial Drive, Cambridge, MA 02141, USA |
| |
| Abstract: | ![]()
We stipulate, arguendo, that fractional-reserve-demand deposit banking is per se fraudulent. We ask whether or not time deposit banking can also be illicit, and answer in the positive, if there is a mismatch between the time dimensions of deposits and loans. To wit, if an intermediary borrows short and lends long. |
| |
| Keywords: | |
| 本文献已被 SpringerLink 等数据库收录！ |
|
