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The Townsend Thai Project
Lessons learned in the process of designing and implementing one of the longest-running panel data surveys in development economics. Running since 199...
Growth, Inequality and Policy Evaluation in Thailand
This book evaluates the financial system of Thailand, a proto-typical developing economy....
A Study of the Pareto Mapping in General Equilibrium Models
Robert Townsend has made path- breaking contributions to contract theory and general equilibrium analysis. In this book, he combines the theory of gen...
Design and Regulation of Financial Infrastructure and Payment Systems
An economic analysis of what distributed ledgers can do, examining key components and discussing applications in both developed and emerging market ec...
An Analysis of Household Finance Using Integrated Household Surveys and Corporate Financial Accounting
Introduction; 2....
Evidence from India
Why do many households remain exposed to large exogenous sources of non-systematic income risk? We use a series of randomized field experiments in rur...
Using business registry data from China, we show that internal capital markets in business groups can propagate corporate shareholders’ credit suppl...
A General Equilibrium Model with Constrained Occupation Choice
The objective of this paper is to assess both the aggregate growth effects and the distributional consequences of financial liberalization as observed...
A Model-Based Quantitative Evaluation
We propose a coherent unified approach to the study of the linkages among economic growth, financial structure, and inequality, bringing together disp...
Improving Measurement through Integrated Financial Accounts
A remedy for the gap between micro and macro data, making measures of inequality and national income consistent with each other Increasing inequality,...
Cross-border payments can be slow, expensive, and risky. They are intermediated by counterparties in different jurisdictions which rely on costly trus...
An Error Correction Approach
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Why do many households remain exposed to large exogenous sources of non-systematic income risk? Why don't financial markets develop to pool these risk...
Financial liberalization has been a controversial issue as there is little empirical evidence for its positive effects on economic growth. However, we...
Key Elements and Patterns in Theory and History
This volume focuses on how groups of economic agents organize themselves, with a special interest in the financial arrangements they adopt. This is ac...