This paper develops a simple model of the market for checks in Turkey. The Central Bank controls the lump-sum amount … economy. I show that banks will tend to restrict the quantity of checks when this responsibility is increased. A percentage … point increase in banks' obligation per bad check could lead up to a 1.7 percent decline in the total supply of checks on …

Though checks' popularity is now waning in favor of electronic payments, checks were, for much of the twentieth century … payment between local merchants, checks became more versatile through the development of negotiability in sixteenth …-century Europe. The suppression of banknotes in eighteenth-century England further promoted the use of checks. In the United States …

methods, but paper checks remain a popular way to make payments here. How is the Federal Reserve supporting an orderly …