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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. 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.
    3. Argandoña, Antonio, 2009. "Can corporate social responsibility help us understand the credit crisis?," IESE Research Papers D/790, IESE Business School.
    4. 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.
    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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