Daniel R. Sanches

Federal Reserve Banks - Federal Reserve Bank of Philadelphia

Ten Independence Mall

Philadelphia, PA 19106-1574

United States

SCHOLARLY PAPERS

19

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3,173

SSRN CITATIONS
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Top 8,488

in Total Papers Citations

147

CROSSREF CITATIONS

4

Scholarly Papers (19)

1.
Downloads 1,606 ( 15,539)
Citation 3

Should Central Banks Issue Digital Currency?

FRB of Philadelphia Working Paper No. 19-26
Number of pages: 32 Posted: 06 Jun 2019 Last Revised: 29 Apr 2020
Todd Keister and Daniel R. Sanches
Rutgers, The State University of New Jersey - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 935 (33,983)
Citation 3

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Monetary policy, liquidity premium, collateral constraint, aggregate investment, cryptocurrency

Should Central Banks Issue Digital Currency?

FRB of Philadelphia Working Paper No. 21-37
Number of pages: 51 Posted: 19 Nov 2021
Todd Keister and Daniel R. Sanches
Rutgers, The State University of New Jersey - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 671 (53,342)

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Monetary policy, public vs. private money, electronic payments, liquidity premium, disintermediation

2.

On the Economics of Digital Currencies

FRB of Philadelphia Working Paper No. 18-7
Number of pages: 43 Posted: 07 Feb 2018 Last Revised: 29 Apr 2020
Jesús Fernández-Villaverde and Daniel R. Sanches
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 451 (88,516)
Citation 1

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Currency competition, cryptocurrencies, monetary policy

Central Bank Digital Currency: Central Banking For All?

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-04
Number of pages: 36 Posted: 27 Jan 2020 Last Revised: 28 Dec 2020
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Washington University in Saint Louis, John M. Olin Business School and University of Chicago - Department of Economics
Downloads 318 (130,266)
Citation 2

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central bank digital currency, central banking, intermediation, maturity transformation, bank runs, lender of last resort

Central Bank Digital Currency: Central Banking for All?

NBER Working Paper No. w26753
Number of pages: 34 Posted: 18 Feb 2020 Last Revised: 06 Feb 2022
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Washington University in Saint Louis, John M. Olin Business School and University of Chicago - Department of Economics
Downloads 20 (708,152)

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Central Bank Digital Currency: Central Banking for All?

CEPR Discussion Paper No. DP14337
Number of pages: 36 Posted: 29 Jan 2020
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Washington University in Saint Louis, John M. Olin Business School and University of Chicago - Department of Economics
Downloads 1 (898,214)
Citation 12
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bank runs, Central bank digital currency, central banking, intermediation, lender of last resort, maturity transformation

4.
Downloads 259 (161,970)
Citation 21

Can Currency Competition Work?

PIER Working Paper No. 16-008
Number of pages: 44 Posted: 09 Apr 2016
Jesús Fernández-Villaverde and Daniel R. Sanches
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 231 (180,481)

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Private money, currency competition, cryptocurrencies, monetary policy

Can Currency Competition Work?

NBER Working Paper No. w22157
Number of pages: 44 Posted: 11 Apr 2016 Last Revised: 16 Jan 2022
Jesús Fernández-Villaverde and Daniel R. Sanches
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 27 (653,511)

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Can Currency Competition Work?

CEPR Discussion Paper No. DP11095
Number of pages: 46 Posted: 18 Apr 2016
Jesús Fernández-Villaverde and Daniel R. Sanches
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 1 (898,214)
Citation 22
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cryptocurrencies, currency competition, Monetary policy, Private money

5.

Central Bank Digital Currency: Central Banking for All?

FRB of Philadelphia Working Paper No. 20-19
Number of pages: 34 Posted: 01 Jun 2020
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Washington University in Saint Louis, John M. Olin Business School and University of Chicago - Department of Economics
Downloads 79 (409,822)

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6.
Downloads 70 (438,178)
Citation 7

On the Inherent Instability of Private Money

FRB of Philadelphia Working Paper No. 12-19
Number of pages: 35 Posted: 07 Aug 2012
Daniel R. Sanches
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 37 (589,668)
Citation 7

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Private money, endogenous debt limits, central banking

On the Inherent Instability of Private Money

FRB of Philadelphia Working Paper No. 15-18
Number of pages: 42 Posted: 11 Apr 2015
Daniel R. Sanches
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 33 (613,492)

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Private Money, Self-Fulfilling Crises, Macroeconomic Stability

7.

Private Money and Banking Regulation

FRB of Philadelphia Working Paper No. 15-19
Number of pages: 46 Posted: 11 Apr 2015
Cyril Monnet and Daniel R. Sanches
University of Bern and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 63 (462,474)
Citation 9

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Private Money, Banking Structure, Regulation

8.

A Dynamic Model of Unsecured Credit

FRB of Philadelphia Working Paper No. 11-2
Number of pages: 43 Posted: 11 Dec 2010
Daniel R. Sanches
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 53 (501,316)
Citation 3

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Unsecured, Loans Dynamic Contracting, Delayed Settlement, Debt Forgiveness, Initial Cost of Lending

9.

Private Liquidity and Banking Regulation

FRB of Philadelphia Working Paper No. 12-11
Number of pages: 45 Posted: 15 May 2012
Cyril Monnet and Daniel R. Sanches
University of Bern and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 47 (527,395)
Citation 2

Abstract:

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Private liquidity creation, banking regulation, limited commitment

10.

Can Currency Competition Work?

FRB of Philadelphia Working Paper No. 16-12
Number of pages: 44 Posted: 27 Apr 2016
Jesús Fernández-Villaverde and Daniel R. Sanches
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 42 (551,061)

Abstract:

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Private money, Currency competition, Cryptocurrencies, Monetary policy

11.

Aggregate Liquidity Management

FRB of Philadelphia Working Paper No. 16-32
Number of pages: 33 Posted: 28 Nov 2016
Todd Keister and Daniel R. Sanches
Rutgers, The State University of New Jersey - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 29 (622,730)

Abstract:

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monetary theory and policy, liquidity premium, Friedman rule, investment, bank lending channel

On the Welfare Properties of Fractional Reserve Banking

FRB of Philadelphia Working Paper No. 15-20
Number of pages: 36 Posted: 21 Apr 2015
Daniel R. Sanches
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 29 (639,540)

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Fractional Reserve Banking, Reserve Management, Risk Sharing

On the Welfare Properties of Fractional Reserve Banking

International Economic Review, Vol. 57, Issue 3, pp. 935-954, 2016
Number of pages: 20 Posted: 10 Aug 2016
Daniel R. Sanches
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
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On the Welfare Properties of Fractional Reserve Banking

FRB of Philadelphia Working Paper No. 13-32
Posted: 13 Aug 2013 Last Revised: 25 Mar 2016
Daniel R. Sanches
Federal Reserve Banks - Federal Reserve Bank of Philadelphia

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bank coalition, fractional reserve banking, interbank credit, reserve management

13.

Optimal Monetary Policy in a Model of Money and Credit

FRB of Philadelphia Working Paper No. 11-28
Number of pages: 40 Posted: 10 Aug 2011
Pedro Gomis-Porqueras and Daniel R. Sanches
Monash University and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 23 (663,622)
Citation 6

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Fiat money, private credit, costly recordkeeping, imperfect public information, optimal monetary policy

14.

Optimal Monetary Policy in a Model of Money and Credit

FRB of Philadelphia Working Paper No. 11-4
Number of pages: 30 Posted: 19 Dec 2010
Pedro Gomis Porqueras and Daniel R. Sanches
affiliation not provided to SSRN and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 22 (670,962)

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Fiat money, private credit, costly record-keeping, imperfect public information, optimal monetary policy

15.

Banking Panics and Protracted Recessions

FRB of Philadelphia Working Paper No. 15-39
Number of pages: 40 Posted: 11 Nov 2015
Daniel R. Sanches
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 20 (685,807)

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Banking panic, Deposit contract, Suspension of convertibility, Time-consistent policy

16.

Banking Crises and the Role of Bank Coalitions

FRB of Philadelphia Working Paper No. 13-28
Number of pages: 41 Posted: 16 Jul 2013 Last Revised: 25 Mar 2016
Daniel R. Sanches
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 16 (716,757)

Abstract:

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banking crisis, bank coalition, interbank credit, payment system

17.

Pairwise Credit and the Initial Cost of Lending

FRB of Philadelphia Working Paper No. 10-23
Number of pages: 28 Posted: 01 Jul 2010
Daniel R. Sanches
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 15 (724,886)

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Bilateral Credit, Unsecured Loans, Dynamic Contracting, Initial Cost of Lending

18.

Banking Panics and Output Dynamics

FRB of Philadelphia Working Paper No. 17-20
Number of pages: 54 Posted: 04 Aug 2017
Daniel R. Sanches
Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 10 (768,299)
Citation 2

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Banking panic, deposit contract, suspension of convertibility, time-consistent policies

19.

A Dynamic Model of Intermediated Consumer Credit and Liquidity

FRB of Philadelphia Working Paper No. 19-12
Posted: 25 Feb 2019
Pedro Gomis-Porqueras and Daniel R. Sanches
Monash University and Federal Reserve Banks - Federal Reserve Bank of Philadelphia

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Intermediation, liquidity, payments system, rediscounting