Calvins restrictions on interest: Guidelines for the credit crisis

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5 Citations (Scopus)

Abstract

Calvin’s view on the legitimacy of interest has had a great impact on the economic development of Western society. Although Calvin took a fundamentally positive attitude to interest, he also proposed several restrictions on the charging of interest. In this article, we investigate the relevance of these restrictions to the current credit crisis. We find that each of them provides a relevant interpretation of what went wrong in the buildup of the credit crisis and gives directions to improve policies of banks and governments as well.
Original languageEnglish
Pages (from-to)233-248
JournalJournal of Business Ethics
Volume96
Issue number2
Publication statusPublished - 2010

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