Oxford/New York: Oxford University Press, 2011. Using a wealth of primary source qualitative and quantitative data, including survey data collected by Robert M. Townsend, it evaluates the impact of specific financial institutions, markets for credit and insurance, and government policies on growth, inequality, and poverty at the macro, regional, and village level in Thailand. Econometrica, 82 (3) 2014: 887–959. Distributed Ledgers: Design and Regulation of Financial Infrastructure and Payment Systems. In this book, Townsend combines the theory of general economic equilibrium with the notion that allocations and institutions of a given economy might be Pareto optimal to try to explain various salient features of the medieval village economy. Marti Mestieri, Johanna Schauer and Robert M. Townsend, Review of Economic Dynamics, 25, 2017: 151–186; also CEPR Discussion Paper No. 30. Abstract Prepublication PDF Link to Journal "Family Firms, Bank Relationships and Financial Constraints: A Comprehensive Score Card." "The Economics of Platforms in a Walrasian Framework." Princeton, NJ: Princeton University Press, 1993. http://www.cambridge.org/gb/knowledge/isbn/item2705474/?site_locale=en_GB
Running since 1997, the Townsend Thai Project has tracked millions of observations about the economic activities of households and institutions in Thailand.
46, December 2009. PDF, "Kinship and Financial Networks, Formal Financial Access and Risk Reduction." Useful not only as a guide to the Thai economy but also, more importantly, as a means of assessing the impact that financial institutions and policy variation can have at the macro- and micro-level, including the distribution of gains and losses, this book is invaluable to academics and policymakers with an interest in development finance. The specific applications he analyzes include an intelligent financial automated system that provides financial services to unbanked and under-banked populations, and cross border payments systems, including financial systems that can integrate credit and insurance with clearing and settlement. Robert M. Townsend. Krislert Samphantharak and Robert M. Townsend, American Economic Social and economic policies are too often skewed by political considerations. MIT; Upon beginning the Townsend Thai project, the Principal Investigator, Dr. Robert M. Townsend, sought to understand what risks households in a typical village face. "Financial Systems in Developing Economies: Growth, Inequality, and Policy Evaluation in Thailand." The Townsend Thai Project offers another basis for policy: accurate measurement based on thoroughly collected data. For a more detailed history of the Townsend Thai project, please see the Project Overview. In particular, he wanted to examine if adverse events, or shocks, that households experience were aggregate or idiosyncratic. PDF, "Chronicles from the Field: The Townsend Thai Project." Unique in its approach and in the variety of methods and data employed, this book is the first of its kind to provide an in-depth evaluation of the financial system of Thailand, a proto-typical Asian developing economy.
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