Working Papers

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

Recent Working Papers

Andrea Szabo
2012

This paper analyzes South Africa’s Free Basic Water Policy, under which households...

Juliano Assunção, Robert M. Townsend, Sergey Mityakov
2012

We present two dynamic spatial competition models for the provision of financial services in...

Jesus Saurina, Robert M. Townsend, Daniel Keniston, Carlos Perez Montes
2012

A striking empirical feature of the expansion of financial institutions in Spain is the degree...

Christopher J.Green, Tomoe Moore, Victor Murinde, Joy Suppakitjarak
2012

In this paper, we consider the construction of flow of funds data in a small sample of...

Suresh de Mel, David McKenzie, Robert M. Townsend
NBER Working Paper No. 18019 | 2012

 

We conduct a field experiment in Sri Lanka providing informal firms incentives...

Stéphane Bonhomme, Pierre-Andre Chiappori, Robert M. Townsend, Hiroyuki Yamada
2012

Our paper introduces three innovations with respect to the standard literature. First, labor...

Arun Chandrasekhar, Cynthia Kinnan, Horacio Larreguy
2012

Social networks are understood to play an important role in smoothing consumption risk,...

John Felkner, Robert M. Townsend, Kamilya Tazhibayeva
2012

In this publication, the authors quantify the impact of weather variation and climate change...

Adolfo Barajas, Ralph Chami, Seyed Reza Yousefi
2012

A large theoretical and empirical literature has focused on the impact of financial deepening...

Francisco Muñoz, Klaus Schmidt-Hebbel
2012

We investigate if the world's central banks’ setting of monetary policy rates is...