Daniel R. Sanches

Federal Reserve Banks - Federal Reserve Bank of Philadelphia

Ten Independence Mall

Philadelphia, PA 19106-1574

United States

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SCHOLARLY PAPERS

20

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SSRN CITATIONS
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Top 13,732

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71

CROSSREF CITATIONS

5

Scholarly Papers (20)

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1.

Can Currency Competition Work?

Downloads 242 (138,626)
Citation 16

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 219 (152,291)

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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
Jesús Fernández-Villaverde and Daniel R. Sanches
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 22 (572,660)

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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 (742,633)
Citation 14
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cryptocurrencies, currency competition, Monetary policy, Private money

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 215 (155,286)
Citation 1

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Currency competition, cryptocurrencies, monetary policy

3.

Central Bank Digital Currency: Central Banking For All?

Downloads 142 (223,222)
Citation 3

Central Bank Digital Currency: Central Banking For All?

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-04
Number of pages: 34 Posted: 27 Jan 2020
Jesús Fernández-Villaverde, Daniel R. Sanches, Linda Schilling and Harald Uhlig
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Ecole Polytechnique- CREST and University of Chicago - Department of Economics
Downloads 131 (238,785)
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
Jesús Fernández-Villaverde, Daniel R. Sanches, Linda Schilling and Harald Uhlig
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Ecole Polytechnique- CREST and University of Chicago - Department of Economics
Downloads 10 (660,375)
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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
Jesús Fernández-Villaverde, Daniel R. Sanches, Linda Schilling and Harald Uhlig
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Ecole Polytechnique- CREST and University of Chicago - Department of Economics
Downloads 1 (742,633)
Citation 1
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bank runs, Central bank digital currency, central banking, intermediation, lender of last resort, maturity transformation

4.

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 56 (408,075)
Citation 2

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

5.

On the Inherent Instability of Private Money

Downloads 53 (411,533)
Citation 4

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 27 (539,435)
Citation 4

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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 26 (545,822)

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Private Money, Self-Fulfilling Crises, Macroeconomic Stability

6.

Central Bank Digital Currency: When Price and Bank Stability Collide

Number of pages: 24 Posted: 15 Jun 2020
Jesús Fernández-Villaverde, Daniel R. Sanches, Linda Schilling and Harald Uhlig
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Ecole Polytechnique- CREST and University of Chicago - Department of Economics
Downloads 52 (415,057)
Citation 1

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Central banking, bank runs, intermediation

7.

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 48 (429,544)
Citation 2

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

8.

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
Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 46 (437,200)
Citation 3

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Private Money, Banking Structure, Regulation

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
Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 43 (449,024)
Citation 1

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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 39 (465,848)

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Private money, Currency competition, Cryptocurrencies, Monetary policy

11.

On the Welfare Properties of Fractional Reserve Banking

Downloads 28 (479,107)

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 28 (533,382)

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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

12.

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 21 (560,977)
Citation 4

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

13.

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 21 (560,977)

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

14.

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 (567,289)

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

15.

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 17 (586,713)

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

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 15 (599,804)

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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 (599,804)

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

18.

Central Bank Digital Currency: Central Banking for All?

FRB of Philadelphia Working Paper No. 20-19
Number of pages: 34 Posted: 01 Jun 2020
Jesús Fernández-Villaverde, Daniel R. Sanches, Linda Schilling and Harald Uhlig
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Ecole Polytechnique- CREST and University of Chicago - Department of Economics
Downloads 12 (620,487)

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

19.

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 9 (641,405)

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

20.

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

Abstract:

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Intermediation, liquidity, payments system, rediscounting