. Payday credit is priced per dollar borrowed, so when that option is available, depositors prone to small overdrafts switch … at banks and other depository institutions increases when depositors have access to payday credit. Our findings … illuminate competition and pricing frictions in the large, yet largely unstudied, small-dollar loan market. -- Payday credit …

Empirical credit demand analysis undertaken at the aggregate level obscures potential behavioral heterogeneity between … the credit cycle with respect to interest rates, output and house prices is found. The results motivate sector …