"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. Journal of Econometrics, 183(1) 2014: 91-103. ABSTRACT PDF. For 2004 working version: PDF

"Microinsurance: A Case Study of the Indian Rainfall Index Insurance Market."  Xavier Gine, Lev Menand, Robert M. Townsend, and James Vickery.  In Ghate, Chetan (ed.) Handbook of the Indian Economy , 2012: Oxford University Press, pp. 167-194.  For World Bank Policy Research Working Paper No. 5459, 2010 see ABSTRACT PDF

"Dynamic Financial Constraints: Distinguishing Mechanism Design from Exogenously Incomplete Regimes." Alexander Karaivanov and Robert M. Townsend. Econometrica, 82 (3) 2014: 887–959. ABSTRACT PDF

"The Impact of Credit on Village Economies." Joseph P. Kaboski and Robert M. Townsend. American Economic Journal: Applied Economics 4(2), April 2012: 98-133. ABSTRACT PDF

"Heterogeneity and Risk-Sharing in Village Economies." Pierre Andre Chiappori, Krislert Samphantharak, Sam Schulhofer-Wohl, and Robert M. Townsend. Quantitative Economics 5(1) 2014: 1-27. ABSTRACT PDF. For 2013 working paper version: PDF

"Village Economic Accounts: Real and Financial Intertwined." Archawa Paweenawat and Robert M. Townsend. American Economic Review 102(3), May 2012: 441-46. PDF

"The Great Equalizer: Health Care Access and Infant Mortality in Thailand." Jonathan Gruber, Nathaniel Hendren, and Robert M. Townsend. American Economic Journal: Applied Economics 6(1), January 2014: 91-107. ABSTRACT PDF

"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

"Accounting for the Poor." Robert M. Townsend. American Journal of Agricultural Economics 95(5), October 2013: 1196-1208. PDF

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

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

"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 5(1), January 2013: 104-35. 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