Townsend Gives Chief Economist Talk at World Bank
CFSP Faculty Director Robert M. Townsend gave the Financial and Private Sector Development (FPD) Network Chief Economist Talk at the World Bank in November. The FPD Chief Economist Talks are a series of monthly events designed to bring leading minds to speak at the World Bank Group. They are hosted by Asli Demirgüç-Kunt, Director of Development Policy in the World Bank's Development Economics Vice Presidency (DEC), and the Chief Economist of Financial and Private Sector Development Network (FPD).
Townsend's talk, entitled "Informal Networks and Shadow Banking: Policy Implications" presented an overview of research lessons on risk sharing and networks in Thai villages as well as the importance of extensive panel data in understanding these phenonema. The lecture was also geared toward policymakers, highlighting potential policy implications, backed by the current research.