"A Market Based Solution for Fire Sales and Other Pecuniary Externalities" Weerachart T. Kilenthong and Robert M. Townsend. Working Paper, 2019; also NBER Working Paper No. 22056, 2016. Abstract PDF Online Appendix
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"Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and the Distribution of Income." Era Dabla-Norris, Yan Ji, Robert M. Townsend and D. Filiz Unsal, 2019. See also CEPR Discussion Paper No. 11742, 2017; NBER Working Paper No. 20821, 2015. Abstract PDF
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"Distributed Ledgers: Innovation and Regulation in Financial Infrastructure and Payment Systems" Townsend, Robert M. Working Paper, 2019. Abstract, Link to PDF, Online Appendix
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"Financial Centrality and the Value of Key Players" Chandrasekhar, Arun G., Robert M. Townsend and Juan Pablo Xandri. NBER Working Paper No. 24406, 2019. Abstract, Link to PDF
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"Optimal Contracting and Spatial Competition among Financial Service Providers." Gustavo Joaquim, Robert M. Townsend and Victor Zhorin. Working Paper, 2019. Abstract PDF
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"Ownership and Anti-Preemption: the geographical dynamics of a public development bank and private sector commercial banks." Juliano Assuncao, Sergey Mityakov, and Robert M. Townsend. Working Paper, 2019. Abstract PDF
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"Rise of Bank Competition: Evidence from Banking Deregulation in China." Haoyu Gao, Hong Ru, Robert M. Townsend, Xiaoguang Yang. NBER Working Paper No. 25795, 2019. Abstract PDF
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"The Impact of Regional Isolationism: Disentangling Real and Financial Factors." Archawa Paweenawat and Robert M. Townsend. Working Paper, 2019. Abstract PDF
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"Family Firms, Bank Relationships and Financial Constraints: A Comprehensive Score Card." Alexander Karaivanov, Jesus Saurina and Robert M. Townsend, forthcoming in International Economic Review, 2018. Abstract PDF
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"Risk-taking over the Life Cycle: Aggregate and Distributive Implications of Entrepreneurial Risk" Dejanir H. Silva and Robert M. Townsend. Working Paper, 2018. Abstract PDF
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"The Economics of Platforms in a Walrasian Framework." Anil Jain and Robert M. Townsend. Working Paper, 2018. Abstract PDF
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"Curbing Shocks to Corporate Liquidity: The Role of Trade Credit" Niklas Amberg, Tor Jacobson, Erik von Schedvin, Robert M. Townsend. NBER Working Paper No. 22286, 2016. Abstract PDF
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"The Economics of Bank Supervision". Thomas M. Eisenbach, David O. Lucca and Robert M. Townsend. NBER Working Paper No. 22201, 2016. Abstract PDF
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Forecasting When it Matters: Evidence from Semi-Arid India. Xavier Gine, Robert M. Townsend, and James Vickery. Working paper, 2015, Abstract PDF.
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"A Market Based Solution to Price Externalities: A Generalized Framework." Weerachart T. Kilenthong and Robert M. Townsend. NBER Working Paper No. 20275, 2014. Abstract PDF
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"Segregated Security Exchanges with Ex Ante Rights to Trade: A Market-Based Solution to Collateral-Constrained Externalities." Weerachart Tee Kilenthong and Robert M. Townsend. NBER Working Paper No. 20086, 2014. Abstract PDF
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"Spatial Competition among Financial Service Providers and Optimal Contract Design." Robert M. Townsend and Victor V. Zhorin, Working Paper, 2014. Abstract PDF
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"Sharing Wage Risk." S. Bonhomme, Pierre Andre Chiappori, Robert M. Townsend, and Hiroyuki Yamada. Working paper, 2012. Abstract PDF
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"The Impact of Climate Change on Rice Production: Heterogeneity and Uncertainty." Kamilya Tazhibayeva and Robert M. Townsend. Working Paper, 2012. Abstract PDF
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"Entrepreneurial Talent and the Thai Financial Crisis" Anna Paulson and Robert M. Townsend. Working paper, 2009.
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