Papers

We invite you to explore the papers supported directly by CFSP as well as key papers in the field of financial systems and poverty that were written by Consortium researchers.

Christopher Udry

This paper addresses three apparent trends in African agriculture. The first shows that over the past 40 years, agricultural yields have been remarkably low and slow...

Recent Papers

Shawn Cole, Xavier Gine, Jeremy Tobacman, Petia Topalova, Robert M. Townsend, James Vickery
American Economic Journal: Applied Economics | Forthcoming | 2012

Financial engineering offers the potential to significantly reduce consumption fluctuations...

Christopher Udry
African Journal of Agricultural and Resource Economics | Forthcoming | 2012

This paper addresses three apparent trends in African agriculture. The first shows that over...

Cynthia Kinnan, Robert M. Townsend
American Economic Review | forthcoming | 2012

The importance of kinship networks in facilitating consumption smoothing and investment...

Joseph Kaboski, Robert M. Townsend
American Economic Journal: Applied Economics | 4 | 2 | 1-38 | 2012

This paper evaluates the short-term impact of Thailand’s Million Baht Village Fund...

Krislert Samphantharak, Robert M. Townsend
Journal of Development Economics | 98 | 1 | 58-70 | 2012

Return on assets (ROA) from household enterprise is crucial for understanding the wellbeing...

Archawa Paweenawat, Robert M. Townsend
American Economic Review | Forthcoming | 2012

Using the household panel data from Townsend Thai data, we create the economic and balance of...

Joseph Kaboski, Robert M. Townsend
Econometrica | 79 | 5 | 1357-1406 | 2011

This paper uses a structural model to understand, predict, and evaluate the impact of an...

Francisco J. Buera, Joseph Kaboski, Yongseok Shin
American Economic Review | 101 | 5 | 1964-2002 | 2011

Income differences across countries primarily reflect differences in total factor productivity...

Anan Pawasutipaisit, Robert M. Townsend
Journal of Econometrics | 161 | 1 | 56-81 | 2011

We use detailed income, balance sheet, and cash flow statements constructed for households in...

Douglas Clement
The Region | June 2011 | 2011

A Thai village study finds wide variation in risk attitudes, suggesting that policy to smooth...