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.

Francisco J. Buera, Joseph Kaboski, Yongseok Shin

Income differences across countries primarily reflect differences in total factor productivity (TFP). More disaggregate data suggest that the TFP gap between rich and...

Recent Papers

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...

Shawn Cole, Xavier Gine, Jeremy Tobacman, Petia Topalova, Robert M. Townsend, James Vickery
Federal Reserve Bank of New York Staff Report | 373 | 2009

Financial engineering offers the potential to significantly reduce consumption fluctuations...

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...

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...