Maturity mismatching, ethics and economics: Rejoinder to Bagus, Howden and Huerta de Soto
DOI:
https://doi.org/10.52195/pm.v14i2.76Abstract
Is maturity mismatching, borrowing short and lending long, merely risky, or would it be banned in the free society as a rights violation? The pres-ent paper is the latest episode in a debate series on this issue. The present authors take the position it is unethical and should be against the law. Our debating partners subscribe to the opposite point of view.
Keywords: Banking, lending, ethics, law.
JEL Classification: E2, E59, P16.
Resumen: ¿Es el descalce de plazos, es decir, endeudarse a corto y prestar a largo plazo, simplemente arriesgado, o estaría prohibido en una sociedad libre como una violación de derechos? El presente artículo es el último episodio de una serie de debates sobre este tema. Los presentes autores toman la posi-ción de que no es ético y debería estar en contra de la ley. Nuestros compañe-ros en el debate mantienen el punto de vista contrario.
Palabras clave: Banca, préstamos, ética, Derecho.
Clasificación JEL: E2, E59, P16.
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