Bouncing out of the banking system: An empirical analysis of involuntary bank account closures

Campbell, Dennis, Martinez-Jerez, Francisco de Asis and Tufano, Peter (2012) Bouncing out of the banking system: An empirical analysis of involuntary bank account closures. Journal of Banking & Finance, 36 (4). pp. 1224-1235.

Abstract

Over 30 million debit accounts were involuntarily closed during 2001-2005. Rates of closure are strongly related to economic conditions and family structure. Closures are more frequent in US counties with low levels of social capital. Rates of closure are strongly related to the structure of local banking markets. Access to payday lending leads to higher rates of involuntary account closure.

Item Type: Article
Keywords: Household finance; Financial decision-making; Banking industry; finance
Subject(s): Finance
Date Deposited: 23 Aug 2012 09:11
Last Modified: 23 Feb 2017 10:07
Funders: N/A
URI: http://eureka.sbs.ox.ac.uk/id/eprint/4129

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