Perspectives on Fractional Reserve Banking and Money Creation/Productio
Today’s financial and banking systems are built on fractional reserve banking. This article sheds light on the role of commercial banks with regards to money creation/production under this system of fractional reserve banking. After exploring the nature of the process of money creation/production, t...
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| Format: | Article |
| Language: | English |
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ADJURIS – International Academic Publisher
2023-03-01
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| Series: | Perspectives of Law and Public Administration |
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| Online Access: | https://adjuris.ro/revista/articole/An12nr1/1.%20M.A.%20Benlala.pdf |
| _version_ | 1797848816391553024 |
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| author | Mejd Aures Benlala |
| author_facet | Mejd Aures Benlala |
| author_sort | Mejd Aures Benlala |
| collection | DOAJ |
| description | Today’s financial and banking systems are built on fractional reserve banking. This article sheds light on the role of commercial banks with regards to money creation/production under this system of fractional reserve banking. After exploring the nature of the process of money creation/production, the research paper diligently scrutinizes this
process through the lenses of legal and religious moral precepts and ethic. The article concludes, with solid supporting arguments, that money creation/production under fractional reserve banking is immoral, ethically wrong and harmful at both individual and societal levels, with numerous legal and religious violations at its core. |
| first_indexed | 2024-04-09T18:33:41Z |
| format | Article |
| id | doaj.art-0828e87543a94d888005be1b2cb7a59b |
| institution | Directory Open Access Journal |
| issn | 2601-7830 |
| language | English |
| last_indexed | 2024-04-09T18:33:41Z |
| publishDate | 2023-03-01 |
| publisher | ADJURIS – International Academic Publisher |
| record_format | Article |
| series | Perspectives of Law and Public Administration |
| spelling | doaj.art-0828e87543a94d888005be1b2cb7a59b2023-04-11T12:03:22ZengADJURIS – International Academic PublisherPerspectives of Law and Public Administration2601-78302023-03-01121530Perspectives on Fractional Reserve Banking and Money Creation/ProductioMejd Aures Benlala0Department of Economics, University of Batna 1, AlgeriaToday’s financial and banking systems are built on fractional reserve banking. This article sheds light on the role of commercial banks with regards to money creation/production under this system of fractional reserve banking. After exploring the nature of the process of money creation/production, the research paper diligently scrutinizes this process through the lenses of legal and religious moral precepts and ethic. The article concludes, with solid supporting arguments, that money creation/production under fractional reserve banking is immoral, ethically wrong and harmful at both individual and societal levels, with numerous legal and religious violations at its core.https://adjuris.ro/revista/articole/An12nr1/1.%20M.A.%20Benlala.pdfcommercial banksfractional reserve bankingislamic bankinglegal and religious preceptmoney creation |
| spellingShingle | Mejd Aures Benlala Perspectives on Fractional Reserve Banking and Money Creation/Productio Perspectives of Law and Public Administration commercial banks fractional reserve banking islamic banking legal and religious precept money creation |
| title | Perspectives on Fractional Reserve Banking and Money Creation/Productio |
| title_full | Perspectives on Fractional Reserve Banking and Money Creation/Productio |
| title_fullStr | Perspectives on Fractional Reserve Banking and Money Creation/Productio |
| title_full_unstemmed | Perspectives on Fractional Reserve Banking and Money Creation/Productio |
| title_short | Perspectives on Fractional Reserve Banking and Money Creation/Productio |
| title_sort | perspectives on fractional reserve banking and money creation productio |
| topic | commercial banks fractional reserve banking islamic banking legal and religious precept money creation |
| url | https://adjuris.ro/revista/articole/An12nr1/1.%20M.A.%20Benlala.pdf |
| work_keys_str_mv | AT mejdauresbenlala perspectivesonfractionalreservebankingandmoneycreationproductio |