The Ethics Inside the Monetary Circuit: How Bank’s Social Responsibility Affects Money Creation
Keyword(s):
<p>The paper aims to introduce ethical remarks into the monetary circuit (or monetary theory of production)<br />approach in order to study the mechanism of money creation when banks discriminate production on an ethical<br />plane. By the micro-foundation of the banks’ and firms’ behaviour, it will be shown that the ethical<br />discrimination of firms by banks is implemented by the differentiation of the mark-ups on the loan rate and how<br />this discrimination leads the system to create different credit markets according to the capacity (or willingness)<br />of firms to satisfy (or not) the ethical claims of the banks.</p>
2018 ◽
Vol 43
(5)
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pp. 1397-1415
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Keyword(s):
2007 ◽
Vol 41
(2)
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pp. 617-624
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1998 ◽
Vol 20
(1)
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pp. 71-82
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