Working Papers

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

Dean Karlan, Ryan Knight, Christopher Udry

We show how financial and managerial constraints impede experimentation, and thus limit learning about the profitability of investments. Imperfect information about one...

Recent Working Papers

Robert M. Townsend, Weerachart T. Kilenthong
2014

This paper studies a competitive general equilibrium model with default and endogenous...

Enrique Seira, Alan Elizondo
2014
Consumer protection in fi nancial markets in the form of information disclosure is high on...
Weerachart T. Kilenthong, Gabriel Madeira
2014
This paper establishes a relationship between the observability of common shocks and optimal...
Weerachart T. Kilenthong, Patarapan Odton
2014
This paper studies the information and communication technology adoption decision of Thai...
Emily Breza, Arun Chandrasekhar
2014
We conduct a field experiment in India to explore two interventions to help individuals to...
Jerry Hausman, Zhong Liu
2014
Mobile phone networks have been in operation for about 30 years. Penetration is now rapidly...
Krislert Samphantharak, Robert M. Townsend
2013

We present a model for the study of risk and return of household assets in village economies....

Dean Karlan, Christopher Udry, Robert Osei, Isaac Osei-Akoto
2013

The investment decisions of small‐scale farmers in developing countries are conditioned by...

Robert M. Townsend, Victor Zhorin
2013

We present a contract-based model of industrial organization that allows us to consider in a...

Esteban Puentes, Claudia Martinez, Jaime Ruiz-Tagle
2013

Using a randomized controlled trial of a large-scale publicly run micro-entrepreneurship...