Publications & Papers by Robert M. Townsend

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Rent-Seeking Platforms

Rodney J. Garratt, Michael Junho Lee, Antoine Martin, Robert M. Townsend
November 2023

Digital Safety Nets: A Roadmap

BIS WP No. 139
Karaivanov, Alexander, Benoit Mojon, Luiz A Pereira da Silva and Robert M Townsend
September 2023

Dynamic Bank Expansion: Spatial Growth, Financial Access, and Inequality

Journal of Political Economy, 131 (8): 2209-2278, 2023
Yan Ji, Songyuan Teng, Robert M. Townsend
August 2023

Tiered Intermediation in Business Groups

Yu Shi, Robert M. Townsend, Wu Zhu
July 2023

Bank Branching Strategies in the 1997 Thai Financial Crisis and Local Access to Credit

Marc Rysman, Robert M. Townsend, and Christoph Walsh
July 2023
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From Micro to Macro Development

Journal of Economic Literature, 61 (2): 471-503, 2023
Francisco J. Buera, Joseph P. Kaboski, Robert M. Townsend
June 2023

Propagation and Insurance in Village Networks

Forthcoming, American Economic Review
Cynthia Kinnan, Krislert Samphantharak. Robert M. Townsend, Diego Vera-Cossio
June 2023

Inequality and Globalization: Improving Measurement Through Integrated Financial Accounts

Forthcoming from Princeton University Press
Archawa Paweenawat and Robert M. Townsend
May 2023
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Technologies that replace a 'central planner'

AEA Papers and Proceedings, 113 (May): 257-262, 2023
Robert M. Townsend and Nicolas XY. Zhang
May 2023

A Smart Contract to Increase Intermediation Capacity in the Repo Market

Daniel Aronoff and Robert M. Townsend
April 2023

Rise of Bank Competition: Evidence from Banking Deregulation in China

Haoyu Gao, Hong Ru, Robert M. Townsend, Xiaoguang Yang
March 2023

A Multi-Currency Exchange and Contracting Platform

IMF Working Paper No. WP/22/217
Tobias Adrian, Federico Grinberg, Tommaso Mancini-Griffoli, Robert M. Townsend, and Nicolas Zhang
November 2022

The Village Money Market Revealed: Financial Access and Credit Chain Links Between Formal and Informal Sectors

Annual Review of Financial Economics, 14 (Nov): 1-20, 2022
Parit Sripakdeevong, Robert M. Townsend
November 2022

Liquidity, Financial Centrality and the Value of Key Players

Chandrasekhar, Arun G., Robert M. Townsend, Juan Pablo Xandri
July 2022
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Resource Allocation in Bank Supervision: Trade-offs and Outcomes

Journal of Finance, 77 (3): 1685-1736
Thomas M. Eisenbach, David O. Lucca, and Robert M. Townsend
June 2022