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

Jonathan Kearns, Roberto Rigobon
Journal of International Economics | 66 | 1 | 31-48 | 2005

The endogeneity of exchange rates and intervention has long plagued studies of the...

Joseph Kaboski, Robert M. Townsend
Journal of the European Economic Association | 3 | 1 | 1-50 | 2005

This paper uses variation in policies and institutional characteristics to evaluate the...

John H. Boyd, Gianni De Nicoló
The Journal of Finance | 60 | 3 | 1329-1343 | 2005

There is a large literature that concludes that—when confronted with increased...

Abhijit Banerjee, Kaivan Munshi
2004

This paper studies the effect of community identity on investment behaviour in the knitted...

Ha Ya Lee, Luca Antonio Ricci
2004

Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an...

Franklin Allen, Douglas Gale
Journal of Money, Credit and Banking | 36 | 453-481 | 2004

Competition policy in the banking sector is complicated by the necessity of maintaining...

Kristin Forbes, Roberto Rigobon
2002

Heteroskedasticity biases tests for contagion based on correlation coefficients. When...

Roberto Rigobon
The Journal of Development Economics | 69 | 2 | 423-449 | 2002

Among the most influential theories of contagion, those based on liquidity arguments have...

Douglas Diamond, Raghuram Rajan
2001

Loans are illiquid when a lender needs relationship-specific skills to collect them....

Pierre-Olivier Weill
Macroeconomic Dynamics | 15 | 119-144 | 2001

We study a competitive dynamic financial market subject to a transient selling pressure, when...