Download This PaperBanking on Gambling: Banks Lottery-Linked Deposit Accounts
Wharton Financial Institutions Center Working Paper No. 00-25
23 Pages Posted: 10 Jul 2000
Date Written: April 2000
Abstract
Lottery-linked deposit accounts have proved to be popular around the world. From the point of view of a bank, these products are especially successful among relatively low-income customers, or in markets in which many people are outside the banking system. Below, we describe numerous examples of such accounts, and analyze their economics.
JEL Classification: G21
Suggested Citation: Suggested Citation
Mauro Federico Guillen
University of Pennsylvania - Management Department ( email )
The Wharton School
Philadelphia, PA 19104-6370
United States
215-573-6267 (Phone)
215-326-3205 (Fax)
Adrian E. Tschoegl (Contact Author)
University of Pennsylvania - Management Department ( email )
The Wharton School
Philadelphia, PA 19104-6370
United States
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