Francisco Rivadeneyra is a Research Advisor in the Funds Management and Banking Department at the Bank of Canada. His research is broadly divided into financial economics and payments research. He is interested in how agent heterogeneity and payments infrastructure affect asset prices and welfare. His recent academic research focuses on the implications of technological innovations, for example electronic money and distributed ledger technologies, for the mandates of central banks. His recent policy work has been to develop computational tools to measure the risk and efficiency of payments systems. Earlier work focused on the management of domestic debt and foreign reserves portfolios.
Mr. Rivadeneyra holds a PhD in Economics from the University of Chicago.
Staff Analytical Notes
Staff Discussion Papers
Fintech: Is This Time Different? A Framework for Assessing Risks and Opportunities for Central BanksWe investigate the risks and opportunities to the mandates of central banks arising from fintech developments.
Staff Working Papers
- "Government Bond Clienteles and Yields"
(with Jianjian Jin and Jesus Sierra), In Advances in the Practice of Public Investment Management, Palgrave, 2018
- "Financial Development, Credit, and Business Cycles"
(with Tiago Pinheiro and Marc Teignier), Journal of Money, Credit and Banking, 2017, 49 (7), 1653-1665.
- "Monopolies and Economic Growth" (in Spanish)
(with Pablo Pena), Gaceta de Economía, Fall 2009.
- "An Empirical Analysis of the Law of One Price in Mexico" (in Spanish)
(with Marco González-Navarro), Gaceta de Economía, Fall 2004.
"Trade Creation and Trade Diversion of Preferential Agreements: New Estimates for NAFTA" (in Spanish)
(with Jose M. Chavez), Gaceta de Economía, Spring 2002.
Work in progress
- "Payments System Design Using Reinforcement Learning"
(with Ajit Desai, Hand Du and Rod Garratt).
- "E-Money and Payments Policy"
(with Charles M. Kahn and Russell Wong).
- "Intraday Trade Dynamics in Short-term Funding Markets"
(with Mark Rempel).
- "Foreign Reserves and Tail Risk"
(with Jorge Cruz Lopez).