Papers

We invite you to explore the papers supported directly by CFSP as well as key papers in the field of financial systems and poverty that were written by Consortium researchers.

Joseph Kaboski, Robert M. Townsend

Winner, 2012 Frisch Medal in Econometrics. This paper uses a structural model to understand, predict, and evaluate the impact of...

Recent Papers

Robert M. Townsend
Annual Review of Economics | 2 | 507-546 | 2010

This review provides a common framework for researchers thinking about the next generation of...

Suresh de Mel, David McKenzie, Christopher Woodruff
American Economic Journal: Applied Economics | 1 | 3 | 1-32 | 2009

We report on a field experiment providing random grants to microenterprise owners. The grants...

Francisco J. Buera, Joseph Kaboski
Journal of the European Economic Association | 7 | 2-3 | 469-477 | 2009

Two traditional explanations for structural changes are sector-biased technological progress...

Sebastian Edwards, Roberto Rigobon
Journal of International Economics | 78 | 2 | 2009

We use high frequency data and a new econometric approach to evaluate the effectiveness of...

Francisco J. Buera
Annals of Finance | 5 | 3 | 443-464 | 2009

Does wealth beget wealth and entrepreneurship, or is entrepreneurship mainly determined by an...

Robert M. Townsend, Sergio Urzua
Macroeconomic Dynamics | 13 | S2 | 268-316 | 2009

We study the impact that financial intermediation can have on productivity through the...

Huberto Ennis, Todd Keister
American Economic Review | 99 | 4 | 1588-1607 | 2009

We study ex post efficient policy responses to a run on the banking system and the ex ante...

Una Okonkwo Osili, Anna Paulson
Review of Economics and Statistics | 90 | 3 | 498-517 | 2008

We investigate the impact of institutions on financial development by analyzing the financial...

Suresh de Mel, David McKenzie, Christopher Woodruff
Quarterly Journal of Economics | 123 | 4 | 1329-1372 | 2008

We use randomized grants to generate shocks to capital stock for a set of Sri Lankan...

Juliano Assunção
Economic Development and Cultural Change | 56 | 3 | 851-870 | 2008

This article examines the effects of nonagricultural land use on agrarian organization and...