"A Structural Evaluation of a Large-Scale Quasi-Experimental Microfinance Initiative." Joseph Kaboski and Robert M. Townsend. Econometrica 79(5), September 2011: 1357-1406. ABSTRACT PDF

"Chronicles from the Field: The Townsend Thai Project." Robert M. Townsend, Sombat Sakunthasathien, and Rob Jordan. Boston, MA: MIT Press, April 2013. LINK

"Financial Systems in Developing Economies: Growth, Inequality, and Policy Evaluation in Thailand." Robert M. Townsend. Oxford/New York: Oxford University Press, 2011. PDF LINK

"An Evaluation of Financial Institutions: Impact on Consumption and Investment Using Panel Data and the Theory of Risk-Bearing." Mauro Alem and Robert M. Townsend. Annals Issue of the Journal of Econometrics in Honor of Bill Barnett, Forthcoming 2013. ABSTRACT PDF. For 2004 working version: PDF

"Information-Constrained Optima with Retrading: An Externality and Its Market-Based Solution."  Weerachart Tee Kilenthong and Robert M. Townsend. Journal of Economic Theory 146(3), 2011: 1042-1077. ABSTRACT PDF

"Barriers to Household Risk Management: Evidence from India." Shawn Cole, Xavier Gine, Jeremy Tobacman, Robert M. Townsend, and James Vickery. American Economic Journal: Applied Economics, Forthcoming 2013. ABSTRACT PDF

"The Geographic Concentration of Enterprise in Developing Countries," John Felkner and Robert M. Townsend. Quarterly Journal of Economics 126 (4), 2011: 2005-2061. ABSTRACT PDF For 2009 working version: PDF

"Insurance and Credit: Micro Financial Underpinnings for Entire Economies." Robert M. Townsend. Presented at the Nobel Symposium on Growth and Development, Institute for International Economics in Stockholm, Sweden, September 3, 2012. PDF

"Wealth Accumulation and Factors Accounting for Success." Anan Pawasutipaisit and Robert M. Townsend. Journal of Econometrics. 161(1), March 2011: 56-81. ABSTRACT PDF

"Kinship and Financial Networks, Formal Financial Access and Risk Reduction." Cynthia Kinnan and Robert M. Townsend. American Economic Review 102(3), May 2012: 289-93. PDF

"Financial Structure and Economic Welfare: Applied General Equilibrium Development Economics." Robert M. Townsend. Annual Review of Economics. Ed. Kenneth Arrow and Timothy Bresnahan. Vol. 2, 2010: 507-546. ABSTRACT PDF

"Measuring the Return on Household Enterprise:  What Matters Most for Whom?" Krislert Samphantharak and Robert M. Townsend. Journal of Development Economics 98(1), 2012: 58-70.  ABSTRACT PDF

"Monetary Theory and Electronic Money: Reflections on the Kenyan Experience." William Jack, Tavneet Suri, and Robert M. Townsend. Economic Quarterly 96(1), 2010: 83-122. LINK

"Microinsurance: A Case Study of the Indian Rainfall Index Insurance Market." Xavier Gine, James Vickery, Lev Menand, and Robert M. Townsend. In The Handbook of the Indian Economy, Ghate, Chetan (ed.), New York: Oxford University Press, 2012:167-194. ABSTRACT LINK

"Rainfall Insurance in Semi-Arid India: Contract Design, Household Participation and Future Prospects." Xavier Gine, Robert M. Townsend, and James Vickery. In Weather Risk Management, K. Tang (ed.), London: Risk Books, 2010. LINK