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#00-25-B
"Banking on Gambling: Banks and Lottery-Linked Deposit Accounts"
Mauro F. Guillén and Adrian E. Tschoegl, May 2001
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.
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