Are “bounced check loans” really loans? Theory, evidence and policy

Agarwal, 2009, The age of reason: Financial decisions over the lifecycle and implications for regulation, 51 Bar-Ilan, 1990, Overdrafts and the demand for money, American Economic Review, 80, 1201 Baumol, 1952, The transactions demand for cash: An inventory theoretic approach, Quarterly Journal of Economics, 66, 545, 10.2307/1882104 Berentsen, 2007, Money, credit, and banking, Journal of Economic Theory, 135, 171, 10.1016/j.jet.2006.03.016 Boeschoten, 1998, Cash management, payment patterns, and the demand for money, De Economist, 146, 117, 10.1023/A:1003258026314 Duca, 2004, Recent developments in understanding the demand for money, Journal of Economics and Business, 56, 247, 10.1016/j.jeconbus.2004.01.001 Duca, 1995, Credit cards and money demand: A cross-sectional study, Journal of Money Credit and Banking, 27, 604, 10.2307/2077886 Faig, 2006, Inflation prices, and information in competitive search [article], Advances in Macroeconomics, 6, 3, 10.2202/1534-6013.1313 Faig, 2007, Precautionary balances and the velocity of the circulation of money, Journal of Money Credit, and Banking, 39, 843, 10.1111/j.1538-4616.2007.00048.x Frenkel, 1980, On transactions and precautionary demand for money, Quarterly Journal of Economics, 94, 25, 10.2307/1885347 Fusaro, 2009, The rank, stock, order and epidemic effects of technology adoption: An empirical study of bounce protection programs, Journal of Technology Transfer, 34, 24, 10.1007/s10961-007-9062-y Fusaro, 2008, Hidden consumer loans: An analysis of implicit interest rates on bounced checks, Journal of Family and Economy Issues, 29, 251, 10.1007/s10834-008-9101-3 Fusaro, 2010, The welfare economics of bounce protection programs, Journal of Consumer Policy, 33, 55, 10.1007/s10603-009-9117-6 Hromcova, 2005, Precuationary money demand in a cash-in-advance economy with capital, Computational Economics, 26, 51, 10.1007/s10614-005-7315-0 Masters, 2005, Endogenous credit-card acceptance in a model of precautionary demand for money, Oxford Economic Papers, 57, 157, 10.1093/oep/gpi009 Milbourne, 1983, Optimal money holding under uncertainty, International Economic Review, 24, 685, 10.2307/2648794 Miller, 1966, A model of the demand for money by firms, Quarterly Journal of Economics, 80, 413, 10.2307/1880728 Sciortino, 1987, Perceived risk and the precautionary demand for money, Journal of Economic Psychology, 8 Tobin, 1956, The interest-elasticity of transactions demand for cash, The Review of Economics and Statistics, 38, 241, 10.2307/1925776 Tsiang, 1969, The precautionary demand for money: An inventory theoretic analysis, Journal of Political Economy, 77, 99, 10.1086/259497 Whalen, 1966, A rationalization of the precautionary demand for cash, Quarterly Journal of Economics, 80, 314, 10.2307/1880695