How much is daylight credit worth?

Edward J. Stevens

Economic Commentary, 1995, issue May

Abstract: An examination of how much Federal Reserve Banks should charge for daylight overdrafts. A low fee involves questions of moral hazard in central banking, while a high fee raises questions about risk myopia in private credit markets.

Keywords: Electronic funds transfers; Federal Reserve banks; Payment systems (search for similar items in EconPapers)
Date: 1995
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