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Pricing daylight overdrafts

Edward J. Stevens

No 8816, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: An examination of three policy problems associated with daylight credit and an evaluation of three reform proposals to alleviate the payment system risk associated with Federal Reserve Banks' extension of daylight credit to financial institutions.

Keywords: Overdrafts; Payment systems; Federal Reserve banks; Electronic funds transfers (search for similar items in EconPapers)
Date: 1988
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