"A Market Based Solution for Fire Sales and Other Pecuniary Externalities" Weerachart T. Kilenthong and Robert M. Townsend. Working Paper, 2018. Abstract PDF Online Appendix
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"Family Firms, Bank Relationships and Financial Constraints: A Comprehensive Score Card ." Alexander Karaivanov, Jesus Saurina and Robert M. Townsend, forthcoming in International Economic Review, 2018. ABSTRACT PDF
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"Financial Centrality and Liquidity Provision" Chandrasekhar, Arun G., Robert M. Townsend and Juan Pablo Xandri. Working Paper, 2018. Abstract, Link to PDF
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"Ownership and Anti-Preemption: the geographical dynamics of a public development bank and private sector commercial banks." Juliano Assuncao, Sergey Mityakov, and Robert M. Townsend. Working Paper, 2018. ABSTRACT PDF
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"Risk-taking over the Life Cycle: Aggregate and Distributive Implications of Entrepreneurial Risk" Dejanir H. Silva and Robert M. Townsend. Working Paper, 2018. Abstract PDF
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"Curbing Shocks to Corporate Liquidity: The Role of Trade Credit" Niklas Amberg, Tor Jacobson, Erik von Schedvin, Robert M. Townsend, NBER Working Paper No.22286, 2016. ABSTRACT PDF
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"The Economics of Bank Supervision". Thomas M. Eisenbach, David O. Lucca and Robert M. Townsend, NBER Working Paper No. 22201, 2016. ABSTRACT PDF
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"Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and Inequality." Era Dabla-Norris, Yan Ji, Robert M. Townsend and D. Filiz Unsal. CEPR Discussion Paper 11742; NBER Working Paper No. 20821, 2015. ABSTRACT PDF
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Forecasting When it Matters: Evidence from Semi-Arid India. Xavier Gine, Robert M. Townsend, and James Vickery. Working paper, 2015, ABSTRACT PDF.
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"A Market Based Solution to Price Externalities: A Generalized Framework." Weerachart T. Kilenthong and Robert M. Townsend. NBER Working Paper No. 20275, 2014. ABSTRACT PDF
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"Segregated Security Exchanges with Ex Ante Rights to Trade: A Market-Based Solution to Collateral-Constrained Externalities." Weerachart Tee Kilenthong and Robert M. Townsend. NBER Working Paper No. 20086, 2014. ABSTRACT PDF
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"Spatial Competition among Financial Service Providers and Optimal Contract Design." Robert M. Townsend and Victor V. Zhorin, Working Paper, 2014. ABSTRACT PDF
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"Villages as Small Open Economies: Disentangling Real and Financial Factors." Archawa Paweenawat and Robert M. Townsend. Working Paper, 2014. ABSTRACT PDF
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"Sharing Wage Risk." S. Bonhomme, Pierre Andre Chiappori, Robert M. Townsend, and Hiroyuki Yamada. Working paper, 2012. ABSTRACT PDF
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"The Impact of Climate Change on Rice Production: Heterogeneity and Uncertainty." Kamilya Tazhibayeva and Robert M. Townsend. Working Paper, 2012. ABSTRACT PDF
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"Business Creation and Destruction: Insights from the Thai Financial Crisis." Anna Paulson and Robert M. Townsend. Working paper, 2009.
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