Daniel R. Sanches

Federal Reserve Banks - Federal Reserve Bank of Philadelphia

Ten Independence Mall

Philadelphia, PA 19106-1574

United States

  • Federal Reserve Banks - Federal Reserve Bank of Philadelphia

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)

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1.

Should Central Banks Issue Digital Currency?

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

3.

Central Bank Digital Currency: Central Banking For All?

Downloads 339 (122,546)
Citation 14

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
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, 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
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, 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
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, 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.

Can Currency Competition Work?

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
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, 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.

On the Inherent Instability of Private Money

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

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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)

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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)

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

12.

On the Welfare Properties of Fractional Reserve Banking

Downloads 29 (576,501)
Citation 1

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)

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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

Abstract:

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Intermediation, liquidity, payments system, rediscounting