Daniel R. Sanches

Federal Reserve Banks - Federal Reserve Bank of Philadelphia

Ten Independence Mall

Philadelphia, PA 19106-1574

United States

SCHOLARLY PAPERS

20

DOWNLOADS
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Top 43,425

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1,094

SSRN CITATIONS
Rank 13,732

SSRN RANKINGS

Top 13,732

in Total Papers Citations

71

CROSSREF CITATIONS

5

Scholarly Papers (20)

1.
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

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
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
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
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.
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
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

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
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

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Intermediation, liquidity, payments system, rediscounting