2] if and only if the two mismatching symbols are separated by half the length of the total string.
This tells us that we have to make sure that the two mismatching symbols are separated by half of the total string length.
The two mismatching symbols pictured by the vertical double arrows in figure 02 are separated by half the length of the total string.
The vertical double arrows show where the two mismatching symbols lie.
Rothbard comes close to an analysis of maturity mismatching (2008, p.
Rothbard also regards the practice of maturity mismatching as unsound and even puts it on par with fractional reserve banking.
Indeed, it is precisely this question that we want to answer in this paper: Assuming a constant money supply (and 100 percent reserves for demand deposits), does maturity mismatching cause distortions in the structure of production?
Let us now turn to the case of maturity mismatching in a free market.
We see, therefore, that maturity mismatching does not lead to unsustainable change in the structure of production, when savings are renewed or "rolled over" and this is correctly anticipated by entrepreneurs.
Now we shall examine what restricts the amount of maturity mismatching in a free market.