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

Christian Ahlin, Robert M. Townsend
The Economic Journal | 117 | 517 | F11-F51 | 2008

Theories rationalizing joint liability lending are rich in implications for repayment rates....

Una Okonkwo Osili, Anna Paulson
World Bank Economic Review | 22 | 431-455 | 2008

We find that wealthier and more educated immigrants are more likely to make use of basic...

Christopher Udry, Hyungi Woo
African Studies Review | 50 | 2 | 139-153 | 2007

This article replicates Guyer's finding in Marginal Gains (2004) of a social gradient in...

Dante Contreras, Esteban Puentes, Claudia Sanhueza
Estudios de Economía | 34 | 2 | 203-247 | 2007

This paper studies long-term trends of self-employment in Chile. Self-employment is associated...

Hyeok Jeong, Robert M. Townsend
Economic Theory | 32 | 1 | 179-221 | 2007

This paper explains and measures the sources of total factor productivity (TFP) by developing...

Pierre-Olivier Weill
The Review of Economic Studies | 74 | 1329-1354 | 2007

During financial disruptions, marketmakers provide liquidity by absorbing external selling...

Xavier Gine, Robert M. Townsend, James Vickery
American Journal of Agricultural Economics | 89 | 5 | 1248-1254 | 2007

This article uses historical rainfall data to estimate the distribution of payouts on a...

Robert M. Townsend, Kenichi Ueda
Review of Economic Studies | 73 | 1 | 251-293 | 2006

We propose a coherent unified approach to the study of the linkages among economic growth,...

Ricardo Hausmann, Ugo Panizza, Roberto Rigobon
Journal of International Money and Finance | 25 | 1 | 93-124 | 2006

This paper documents large cross-country differences in the long run volatility of the real...

Santosh Anagol, Christopher Udry
American Economic Review Papers and Proceedings | 96 | 2 | 388-393 | 2006

We show that the real return to capital in Ghana’s informal sector is high. For farmers...