Q&A with Daniel Sanches on Digital Currency: The Other Side of the Coin

Economist Daniel Sanches has been researching digital currency and the market effects of central bank digital currency on countries currently exploring this possibility. In this Q&A, he shares key research insights and points to our new Digital Currency Center.

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New Moneys in the Digital Era

Economic Insights — Cryptocurrencies may seem like a hot new thing, but the history of money teaches us a lot about what crypto can and can't do.

Payment Systems

Working Paper

Fintech, Cryptocurrencies, and CBDC: Financial Structural Transformation in China

WP 22-12 – Fintech and decentralized finance have penetrated all areas of the financial system and have improved financial inclusion in the last decade.

Payment Systems

Working Paper

Dynamic Pricing of Credit Cards and the Effects of Regulation

WP 21-38 – We construct a two-period model of revolving credit with asymmetric information and adverse selection.