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Time Deposits, Dimensions and Fraud

6 Pages Posted: 22 Jul 2011  

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

William Barnett II

Loyola University New Orleans

Date Written: July 19, 2011

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.

Suggested Citation

Block, Walter E. and Barnett, William, Time Deposits, Dimensions and Fraud (July 19, 2011). Journal of Business Ethics, Vol. 88, 2009. Available at SSRN: https://ssrn.com/abstract=1889437

Walter E. Block (Contact Author)

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business ( email )

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

William Barnett II

Loyola University New Orleans ( email )

526 Pine Street
New Orleans, LA 70118
United States

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