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Surviving in an Age of Default

In: Ethical Banking

Author

Listed:
  • James J. Lynch

    (Lions Green)

Abstract

The concept of ‘reciprocal obligation’ lies at the heart of ethical banking. When a bank fails to abide by this concept it moves into the murky world of usury. When a customer fails to respect the concept, the bank is drawn into the swamps of liquidation and bankruptcy. The very word ‘bankruptcy’ is redolent of an undesirable state of affairs, a lack of some desirable quality.

Suggested Citation

  • James J. Lynch, 1991. "Surviving in an Age of Default," Palgrave Macmillan Books, in: Ethical Banking, chapter 10, pages 175-181, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-21710-6_10
    DOI: 10.1007/978-1-349-21710-6_10
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    Citations

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    Cited by:

    1. Francesca Barigozzi & Piero Tedeschi, 2015. "Credit Markets with Ethical Banks and Motivated Borrowers," Review of Finance, European Finance Association, vol. 19(3), pages 1281-1313.
    2. Argandoña, Antonio, 2009. "Can corporate social responsibility help us understand the credit crisis?," IESE Research Papers D/790, IESE Business School.
    3. Okan Veli SAFAKLI, 2010. "The Impact of Ethical Perceptions of Small and Medium Sized Enterprises (SMEs) on Their Bank Satisfaction and Subsequent Word of Mouth: Case of Northern Cyprus," Ege Academic Review, Ege University Faculty of Economics and Administrative Sciences, vol. 10(1), pages 37-51.
    4. Valentino Cattelan, 2010. "Islamic Finance and Ethical Investments: Some Points of Reconsideration," Chapters, in: M. Fahim Khan & Mario Porzio (ed.), Islamic Banking and Finance in the European Union, chapter 5, Edward Elgar Publishing.
    5. Leire San-Jose & Jose Retolaza & Jorge Gutierrez-Goiria, 2011. "Are Ethical Banks Different? A Comparative Analysis Using the Radical Affinity Index," Journal of Business Ethics, Springer, vol. 100(1), pages 151-173, April.
    6. Claudiu Herteliu & Ionel Jianu & Iulia Jianu & Vasile Catalin Bobb & Gurjeet Dhesi & Sebastian Ion Ceptureanu & Eduard Gabriel Ceptureanu & Marcel Ausloos, 2021. "Money’s importance from the religious perspective," Annals of Operations Research, Springer, vol. 299(1), pages 375-399, April.
    7. F. Barigozzi & P. Tedeschi, 2016. "Informed Principals in the Credit Market when Borrowers and Lenders Are Heterogeneous," Working Papers wp1051, Dipartimento Scienze Economiche, Universita' di Bologna.

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