Bolt, Wilko; Foote, Elizabeth; Schmiedel, Heiko - de Nederlandsche Bank - 2011
depend on funding costs or default risk in a debit-card only world, this changes when they start to compete with credit cards …We consider debit and credit card networks. Our contribution is to introduce the role of consumer credit into these … overdrafts are associated with current accounts and debit cards, and larger credit lines with 'grace' periods are associated with …