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

12/17/2021 Quarterly Journal of Austrian Economics Anthony J. Evans

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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,” provides some new empirical evidence, and clarifies certain points of disagreement.

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Anthony Evans, "New Evidence and Some Clarifications on the Ethical Implications of Hybrid Banking Contracts," Quarterly Journal of Austrian Economics 24 (2021).

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Anthony J. Evans

Anthony J. Evans is associate professor of economics, ESCP Europe Business School.

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

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