Publications

"Financial Deepening, Inequality, and Growth: A Model-Based Quantitative Evaluation." Robert M. Townsend and Kenichi Ueda. Review of Economic Studies 73(1), January 2006: 251-293. ABSTRACT PDF

"Firms as Clubs in Walrasian Markets with Private Information." Edward Simpson Prescott and Robert M. Townsend. Journal of Political Economy 114(4), August 2006. ABSTRACT PDF

"Private Information and Intertemporal Job Assignments." Edward Simpson Prescott and Robert M. Townsend. Review of Economic Studies (2006). ABSTRACT PDF

"Financial Constraints and Entrepreneurship: Evidence from the Thai Financial Crisis." Anna L. Paulson and Robert M. Townsend. Economic Perspectives, Third Quarter 2005, Vol. 29, Federal Reserve Bank of Chicago, pp. 34-48. PDF

"Networks and Finance in Ethnic Neighborhoods." Robert M. Townsend In Credit Markets for the Poor, Patrick Bolton and Howard Rosenthal, eds., (2005) Russell Sage Foundation, New York: New York, pp 179-198. PDF

"Policies and Impact: An Evaluation of Village-Level Microfinance Institutions." Joseph P. Kaboski and Robert M. Townsend. Journal of the European Economic Association 3(1), January 2005: 1-50. ABSTRACT PDF

"Entrepreneurship and Financial Constraints in Thailand."Anna L. Paulson and Robert M. Townsend. Journal of Corporate Finance 10(2), March 2004: 229-262. ABSTRACT LINK

"Evaluation of Financial Liberalization: A general equilibrium model with constrained occupation choice." Xavier Gine and Robert M. Townsend. Journal of Development Economics 74(2), August 2004: 269-304. ABSTRACT PDF

"Financial Markets and Poverty: An Algorithm for Policy-based Research and Research-based Policy." Robert M. Townsend. Chapter 1 in proceedings of 2004 Inter-American Development Bank conference. LINK

"Sampling Design for an Integrated Socioeconomic and Ecological Survey by Using Satellite Remote Sensing and Ordination." Michael W. Binford, Tae Jeong Lee, and Robert M. Townsend. Proceedings of the National Academy of Sciences 101(31), August 2004: 11517-11522. ABSTRACT PDF

"Micro Credit and Mechanism Design." Robert M. Townsend. Journal of the European Economic Association, 1(2-3), 2003: 468-477. ABSTRACT

"Collective Organizations versus Relative Performance Contracts: Inequality, Risk Sharing, and Moral Hazard." Edward S. Prescott and Robert M. Townsend. Journal of Economic Theory, 103(2), April 2002: 282-310. ABSTRACT PDF

"The Credit Risk Contingency System of an Asian Development Bank."ˇ Robert M. Townsend and Jacob Yaron. Economic Perspectives 25(3), 2001: 31-48. PDF

"Liquidity Constraints and Incentive Contracts." Andreas Lehnert, Ethan Ligon, and Robert M. Townsend. Macroeconomic Dynamics, 3, 1999, 1-47. ABSTRACT PDF

"Small Business Finance in Two Chicago Minority Neighborhoods." Philip Bond, Paul Huck, Sherrie L. W. Rhine and Robert M. Townsend. Economic Perspectives, Second Quarter 1999, Federal Reserve Bank of Chicago. PDF

"General Equilibrium Models of Financial Systems: Theory and Measurement in Village Economies."  Youngjae Lim and Robert M. Townsend. Review of Economic Dynamics 1(1), January 1998: 54-118. ABSTRACT

"Mechanism Design and Village Economies: From Credit, to Tenancy, to Cropping Groups." Rolf Mueller and Robert M. Townsend. Review of Economic Dynamics 1(1), January 1998: 119-72. ABSTRACT

"Discrimination in Financial Services: How Should We Proceed?" Robert M. Townsend. Journal of Financial Services Research 11, February and April 1997, 215-217.

"Formal and Informal Financial Services." Robert M. Townsend. Financial Access in the 21st Century, Proceedings of a Forum, Comptroller of the Currency, February 11, 1997, Washington, D.C., 17-23. PDF

"Microenterprise and Macropolicy." Robert M. Townsend. In Advances in Economics and Econometrics: Theory and Applications, Seventh World Congress, Volume II, David M. Kreps and Kenneth F. Wallis, eds., Cambridge University Press, 1997. PDF

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