caa a22 4500 605484066 CHVBK 20210128100434.0 cr unu---uuuuu 210128e20150801xx s 000 0 eng 10.1007/s10551-014-2176-x doi (NATIONALLICENCE)springer-10.1007/s10551-014-2176-x Nair Malavika Troy University, Troy, AL, USA aut Fractional Reserve Banking, Client Collaboration, and Fraud [Elektronische Daten] [Malavika Nair] This paper traces the recent debate over the legitimacy of maturity mismatching and fractional reserve banking. It shows that there is common ground between Bagus and Howden (Journal of Business Ethics, 90(3):399-406, 2009, 106:295-300, 2012) on the one hand and Evans (Journal of Business Ethics, 2013) on the other regarding contractual arrangements that lead to fractional reserve banking, while both agree that fractional reserve banking that arises out of a bailment or storage contract constitutes fraud. Block and Barnett (Journal of Business Ethics, 88(4):711-716, 2009, 100:229-238, 2011) stress the illegitimacy of fractional reserve banking for creating more money substitutes than there is actual money. While it is true that fractional reserve banks are capable of creating money, this activity still cannot be regarded as fraudulent using a common law definition of fraud for it can only take place with requisite client collaboration that makes it impossible to identify a victim. Springer Science+Business Media Dordrecht, 2014 Fractional reserve banking nationallicence Fraud nationallicence Client collaboration nationallicence Journal of Business Ethics Springer Netherlands 130/1(2015-08-01), 85-92 0167-4544 130:1<85 2015 130 10551 https://doi.org/10.1007/s10551-014-2176-x text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10551-014-2176-x text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Nair Malavika Troy University, Troy, AL, USA aut NATIONALLICENCE 773 0- Journal of Business Ethics Springer Netherlands 130/1(2015-08-01), 85-92 0167-4544 130:1<85 2015 130 10551