Mills, David; Nesmith, Travis D. - 2007
settlement systems because it can be a channel for bank contagion and conse-
quently a source of systemic risk. To our knowledge … control over the management of intraday overdrafts.
This lack of control is not costly when there is no intraday overdraft fee …
the Federal Reserve's credit risk management policies.7 The impact of this
policy change can be summarized as the timing …