Daniel Sanches

Daniel Sanches been fascinated by the topic of money, starting in middle school in his native Brazil. During his formative years, he spent a lot of time reading financial and monetary history and realized that many topics that we think are new issues in today’s world have had precedent in the monetary history of nations. Contrary to the usual perception, new technologies do not bring new problems to society but awaken old ones.

Daniel is especially proud of his paper about cryptocurrency, in which he and his co-authors construct an economic model to analyze the macroeconomic implications of competition in private money creation (a potential scenario given the rise of cryptocurrencies). Another topic he enjoyed exploring was different outcomes that result from government policy responses in the event of a banking crisis, in a paper called “Banking Panics and Output Dynamics.”

Daniel earned a Ph.D. and an M.A. in economics from Washington University in St. Louis and a B.A. and an M.A. in economics from Fundação Getulio Vargas in Brazil. He joined the Reserve Bank in 2010 and was a lecturer at Rutgers University–New Brunswick from 2015 to 2016.