التفاصيل البيبلوغرافية
| العنوان: |
Are “bounced check loans” really loans? Theory, evidence and policy |
| المؤلفون: |
Fusaro, Marc Anthony1 mfusaro@atu.edu |
| المصدر: |
Quarterly Review of Economics & Finance. Nov2010, Vol. 50 Issue 4, p492-500. 9p. |
| مصطلحات موضوعية: |
*OVERDRAFT banking, *BANK loans, *DEMAND for money, *ECONOMIC models, *ECONOMIC research, *DEBITS (Accounting), *CONSUMERS, *PUBLIC spending |
| مستخلص: |
Abstract: This research addresses the controversial bank policy of paying – rather than bouncing – overdrawn checks, debits or ATM withdrawals. We argue that it should fall under lending regulations only if consumers use the program to get intentional loans. In contrast, if the program primarily applies to checking account activity then it should fall under checking account regulations. A model of precautionary balance holding and checking account customer data are used to estimate the likelihood of overdrafting. Predicted overdrafts are compared to actual overdrafts to conclude that 79% are explained by the model and thus thought to be mistakes due to the stochastic nature of household expenditures. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Business Source Index |
