Mengle, David L. - In: Economic Review (1985) May, pp. 14-27
overdrafts” on Fedwire and the risk of systemic failure due to the failure of a participant on one of the private EFT networks …, and then discusses several alternative risk reduction measures. Mengle argues that, on Fedwire, pricing of daylight … overdrafts would create incentives for banks to reduce such overdrafts and would serve to lower the risk now assumed by the …