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The Ethical Economy of the Credit Market

  • Peter KoslowskiEmail author
Chapter
  • 1.4k Downloads
Part of the Issues in Business Ethics book series (IBET, volume 30)

Abstract

Banks are suppliers of payment-processing and lending services, and operate in the market for these services, where they as suppliers meet the individuals as well as firms which are the demanders and consumers of credit. Banking should be described in terms of the market for credit and payment-processing services, and not in terms of a quasi-state, official “credit-granting” function. Once upon a time, the banking sector and the supply of loans were referred to in terms of quasi-state administration and the granting of loans to applicants. During the recent decades of credit expansion and easy money, credit – especially consumer credit and lending for share purchases – has come to be seen as a type of consumer good that requires no deeper ethical norm-setting than any other consumer good.

Keywords

Capital Market Initial Public Offering Credit Institution Debt Relief German Bank 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media B.V. 2011

Authors and Affiliations

  1. 1.Department of PhilosophyVU University AmsterdamAmsterdamNetherlands

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