Working Papers

We invite you to explore the working papers supported directly by CFSP as well as key working papers in the field of financial systems and poverty that were written by Consortium researchers.

Dean Karlan, Ryan Knight, Christopher Udry

We show how financial and managerial constraints impede experimentation, and thus limit learning about the profitability of investments. Imperfect information about one...

Recent Working Papers

Allan Collard-Wexler, John Asker, Jan De Loecker
2011

We investigate the role of dynamic production inputs and their associated adjustment costs in...

James Tybout, Leonardo Iacovone, Beata Javorcik, Wolfgang Keller
2011

This paper examines the effect of Wal-Mart’s entry into Mexico on Mexican...

Cynthia Kinnan
2010

A large body of evidence shows that informal insurance is an important risk-smoothing...

Arun Chandrasekhar, Cynthia Kinnan, Horacio Larreguy
2010

We use a laboratory experiment, conducted in 34 villages in Karnataka, India, to study the...

Juliano Assunção, Leandro Carvalho
2010

The Roy model predicts that migrants will be disproportionately drawn from the lower half of...

Francisco J. Buera, Yongseok Shin
2010

We study the welfare cost of market incompleteness in a generalized Bewley model where...

Abhijit Banerjee, Esther Duflo, Rachel Glennerster, Cynthia Kinnan
2010

Microcredit has spread extremely rapidly since its beginnings in the late 1970s, but whether...

Abhijit Banerjee, Sendhil Mullainathan
2010

This paper argues that the relation between temptations and the level of consumption plays a...

Vivi Alatas, Abhijit Banerjee, Rema Hanna, Benjamin Olken
MIT Economics Department Working Paper | 2010

In developing countries, identifying the poor for redistribution or social insurance is...

Thorsten V. Koeppl, Cyril Monnet
2010

We explain why central counterparties (CCPs) emerged historically. With standardized contracts...