"A Market Based Solution for Fire Sales and Other Pecuniary Externalities" Weerachart T. Kilenthong and Robert M. Townsend. Journal of Political Economy, 129 (4): 981–1010, 2021; also NBER Working Paper No. 22056, 2016. Abstract Prepublication PDF Online Appendix |
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"Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and the Distribution of Income." Era Dabla-Norris, Yan Ji, Robert M. Townsend and D. Filiz Unsal, Journal of Monetary Economics, 117 (January): 1-18, 2021. See also CEPR Discussion Paper No. 11742, 2017; NBER Working Paper No. 20821, 2015. Abstract Prepublication PDF |
Distributed Ledgers: Design and Regulation of Financial Infrastructure and Payment Systems. Robert M. Townsend. MIT Press (2020). |
"The Economics of Platforms in a Walrasian Framework." Anil Jain and Robert M. Townsend. Economic Theory, 71 (3): 877–924, 2021; see also International Finance Discussion Papers 1280. Abstract Prepublication PDF Link to Journal |
"Family Firms, Bank Relationships and Financial Constraints: A Comprehensive Score Card." Alexander Karaivanov, Jesus Saurina and Robert M. Townsend, International Economic Review, 60 (2): 547-593, 2018. Abstract Prepublication PDF,Link to Journal |
"Integrated Household Surveys: An Assessment of U.S. Methods and an Innovation" Krislert Samphantharak, Scott Schuh and Robert M. Townsend. Economic Inquiry, 56 (1), 2018: 50–80. Abstract Prepublication PDF Data Appendix on Dataverse |
"Risk and Return in Village Economies." Krislert Samphantharak and Robert M. Townsend, American Economic |
"Economic Development, Flow of Funds and the Equilibrium Interaction of Financial Frictions." Benjamin Moll, Robert M. Townsend, Victor Zhorin. Proceedings of the National Academy of Sciences, 114 (24): 6176-6184, 2017 (Formerly as NBER Working Paper No. 19618, 2014.) ABSTRACT PDF Prepublication version PNAS Q&A article |
"Human Capital Acquisition and Occupational Choice: Implications for Economic Development". Marti Mestieri, Johanna Schauer and Robert M. Townsend, Review of Economic Dynamics, 25, 2017: 151–186; also CEPR Discussion Paper No. 11825, 2017. Abstract Prepublication PDF Online Appendix |
"Accounting for the Poor." Robert M. Townsend. American Journal of Agricultural Economics 95(5), October 2013: 1196-1208. PDF |
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"Chronicles from the Field: The Townsend Thai Project." Robert M. Townsend, Sombat Sakunthasathien, and Rob Jordan. Boston, MA: MIT Press, April 2013. LINK |
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"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 |
"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 |