Publications & Papers by Robert M. Townsend

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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

Innovative Financial Designs Utilizing Homomorphic Encryption and Multiparty Computation

Robert M. Townsend and Nicolas Zhang
August 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

Optimal Design of Tokenized Markets

Michael Junho Lee, Antoine Martin, and Robert M. Townsend
February 2022
Journal of Political Economy

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Online Appendix Prepublication pdf

A Market Based Solution for Fire Sales and Other Pecuniary Externalities

Journal of Political Economy, 129 (4): 981–1010
Weerachart T. Kilenthong and Robert M. Townsend
January 2021
Distributed Ledgers: Design and Regulation of Financial Infrastructure and Payment Systems

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Open Access Online Appendix

Distributed Ledgers: Design and Regulation of Financial Infrastructure and Payment Systems.

MIT Press
Robert M. Townsend
October 2020

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Prepublication PDF International Finance Discussion Papers 1280

The Economics of Platforms in a Walrasian Framework

Economic Theory, 71 (3): 877–924
Anil Jain, Robert M. Townsend
August 2020

Curbing Shocks to Corporate Liquidity: The Role of Trade Credit

Journal of Political Economy, 129 (1): 182-242
Niklas Amberg, Tor Jacobson, Erik von Schedvin, Robert M. Townsend
June 2020

Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and the Distribution of Income.

Journal of Monetary Economics, 117: 1-18
Era Dabla-Norris, Yan Ji, Robert M. Townsend, D. Filiz Unsal
February 2020

Optimal Contracting and Spatial Competition among Financial Service Providers

Gustavo Joaquim, Robert M. Townsend, Victor Zhorin
May 2019

The Impact of Regional Isolationism: Disentangling Real and Financial Factors

Archawa Paweenawat, Robert M. Townsend
April 2019

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Appendix

Distributed Ledgers: Innovation and Regulation in Financial Infrastructure and Payment Systems

Robert M. Townsend
April 2019

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Prepublication PDF

Family Firms, Bank Relationships and Financial Constraints: A Comprehensive Score Card

International Economic Review, 60 (2): 547-593
Alexander Karaivanov, Jesus Saurina, Robert M. Townsend
May 2018

Risk and Return in Village Economies

American Economic Journal: Microeconomics, 10 (1): 1–40
Krislert Samphantharak, Robert M. Townsend
January 2018

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Replication Data for: Integrated Household Surveys: An Assessment of U.S. Metho…

Integrated Household Surveys: An Assessment of U.S. Methods and an Innovation

Economic Inquiry, 56 (1): 50–80
Krislert Samphantharak, Scott Schuh, Robert M. Townsend
June 2017

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Prepublication PDF PNAS Q&A Article

Economic Development, Flow of Funds and the Equilibrium Interaction of Financial Frictions

Proceedings of the National Academy of Sciences, 114 (24): 6176-6184
Benjamin Molla, Robert M. Townsendb, Victor Zhorinc
May 2017

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Online Appendix for Human Capital Acquisition and Occupational Choice: Implications for Economic Development

Human Capital Acquisition and Occupational Choice: Implications for Economic Development

Review of Economic Dynamics, 25: 151–186
Mart´ı Mestieri, Johanna Schauer. Robert M. Townsend
January 2017