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

Francisco J. Buera, Joseph Kaboski, Yongseok Shin
American Economic Review | 101 | 5 | 1964-2002 | 2011

Income differences across countries primarily reflect differences in total factor productivity...

Anan Pawasutipaisit, Robert M. Townsend
Journal of Econometrics | 161 | 1 | 56-81 | 2011

We use detailed income, balance sheet, and cash flow statements constructed for households in...

Douglas Clement
The Region | June 2011 | 2011

A Thai village study finds wide variation in risk attitudes, suggesting that policy to smooth...

Robert M. Townsend, John Felkner
Quarterly Journal of Economics | 126 | 4 | 2005-2061 | 2011

A nation's economic geography can have an enormous impact on its development. In Thailand...

Robert M. Townsend, Weerachart T. Kilenthong
Journal of Ecnomic Theory | 146 | 3 | 1042-1077 | 2011

This paper studies the efficiency of competitive equilibria in environments with a moral...

Masako Tsujimura, Kazusuke Tsujimura
Economic Systems Research | 23 | 1 | 1-25 | 2011

This paper is an attempt to describe the US subprime mortgage crisis in the framework of...

Joaquín Maudos, Liliana Solís
Journal of International Money and Finance | 30 | 2 | 337-353 | 2011

This paper analyzes the evolution of competition in the Mexican banking system in the period...

William Jack, Tavneet Suri, Robert M. Townsend
Economic Quarterly - Federal Reserve Bank of Richmond | 96 | 1 | 83-122 | 2010
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Ernesto Córdova, Asli Demirgüç-Kunt, María Pería, Christopher Woodruff
Journal of Development Economics | Forthcoming | 2010

Despite the importance of remittances to developing countries, their impact on banking sector...

Robert M. Townsend, Kenichi Ueda
International Economic Review | 51 | 3 | 553-597 | 2010

Financial liberalization has been a controversial issue, as empirical evidence for growth...