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

Joshua Aizenman, Brian Pinto, Vladyslav Sushko
2012

This paper examines how financial expansion and contraction cycles affect the broader economy...

Franklin Allen, Elena Carletti, Robert Cull, Jun Qian, Lemma Senbet, Patricio Valenzuela
NBER: Forthcoming | 2012

With extensive country- and firm-level data sets we first document that the financial sectors...

Jeremy Greenwood, Juan M. Sanchez, Harold L. Cole
2012

What determines the technology that a country adopts? While there could be many factors, the...

Dean Karlan, Ryan Knight, Christopher Udry
2012

We show how financial and managerial constraints impede experimentation, and thus limit...

William Jack, Tavneet Suri
NBER Working Paper 16721 | 2011

Mobile money is a tool that allows individuals to make financial transactions using cell phone...

Arun Chandrasekhar, Horacio Larreguy, Juan Pablo Xandri
MIT Department of Economics Working Paper | 2011

Studying the diffusion of information is particularly important in developing nations. Due to...

Fernando Alvarez, Francesco Lippi
2011

We consider an inventory model for liquid asset where the per period net expenditures have two...

Arun Chandrasekhar, Cynthia Kinnan, Horacio Larreguy
2011

When communities engage in risk-sharing with asymmetric information, wherein a member of a...

Robert M. Townsend, Archawa Paweenawat
2011

We propose a framework to generate village economic accounts and village balance of payments...

David McKenzie, Christopher Woodruff, Marcel Fafchamps, Simon Quinn
Wold Bank Policy Research Working Paper | WPS 5706 | 1-61 | 2011

Standard models of investment predict that credit-constrained firms should grow rapidly when...