CFSP in the News

October 14, 2013

The Economist

This article explores planned large-scale infrastructure -- including high speed rail -- and stimulus spending in Thailand.  Opponents of the program have called for fiscal prudence and have questioned the amount of public debt it would require.  CFSP Faculty Director and MIT Professor Robert M. Townsend points out, however, that average debt-to-asset ratios are low and have been decreasing since 2006, a fact which suggests that concerns about spending are overstated.

Recent CFSP in the News

  • August 2, 2012

    MEAs Think Tank

    Thailand’s MEAs Think Tank covered the memorandum of understanding among the National Economic and Social Development Board, the University of the Thai Chamber of Commerce, and the Consortium on Financial Systems and Poverty to collaborate on improving national accounts and flow of funds data.

  • August 1, 2012

    The National

    CFSP member Abhijit Banerjee spoke before the Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed's majlis, stating that donors should not be discouraged by ongoing poverty in the developing world. He acknowledged that aid campaigns have occasionally made promises that they could not deliver on, but Banerjee also encouraged the audience to think about foreign aid in the context of aiding individuals rather than ending poverty. He also advocated for a greater emphasis on the prior successes of foreign aid as well as the contribution of intellectual capital by donors.

  • August 1, 2012

    Khaleej Times

    In his lecture "Giving Intelligently to Achieve Maximum Benefit from Aid," CFSP member Abhijit Banerjee addressed several aspects of foreign aid and the significance of contributing to the alleviation of poverty worldwide. His audience included several dignitaries, including General Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi. 

  • August 1, 2012

    Business Line

    CFSP member Abhijit Banerjee was selected by United Nations Secretary General Ban Ki-moon to serve on a UN panel regarding the global development agenda after 2015. The panel will provide recommendations after the 2015 deadline for the Millennium Development Goals in order to advise the world body in the fight against poverty, the Secretary General said. Other members of the 26-person panel include Queen Rania of Jordan; Vanessa Petrelli Corr, President of Brazil’s Institute for Applied Economic Research; and Paul Polman, CEO of Unilever.

  • August 1, 2012

    The University of Notre Dame

    CFSP seed grant recipient Joseph Kaboski spoke on a panel at the University of Notre Dame's conference, Toward a Moral Economy: Policies and Values for the 21st Century. Kaboski's lecture was part of a panel regarding, "What Would a Moral Economy Look Like? Values and Metrics."

  • July 23, 2012

    CFSP researchers Sirenia Vazquez and Saide Salazar discussed the initial findings of their reseach project in the World Bank blog, All About Finance. "A Regional Approach to Financial Savings and Intermediation: Mexico's Municipalities Data" will be released later this year through a joint collaboration between CNBV and CFSP. It will make public for the first time a dataset with historical information on savings and credit balances disaggregated by municipality (Mexico´s Municipalities Savings and Intermediation dataset or MSI dataset).

    "This unique dataset, covering the period from 2001 to 2012," say the authors, "is based on the administrative records contained in the regulatory reports that banks and other financial institutions file with CNBV.  The dataset classifies deposits and credit balances by type of deposit and type of credit. Additionally, it includes over 25 indicators, such as number of deposit accounts and number of branches, as well as some of the borrowers’ characteristics.The MSI dataset also contains many of the socio-economic characteristics of the municipalities.

    Vazquez and Salazar also discuss some of the early findings that new dataset reveal. For instance,  net borrower municipalities have more schooling and a better quality of life, as measured by the marginalization index, than net saver municipalities.

  • July 23, 2012

    The Economist

    CFSP member Abhijit Banerjee was featured in The Economist for his role in launching a new Indian economics blog, "Ideas for India." Banerjee helped unveil the blog, which analyzes and discusses Indian economic affairs. The Economist compared "Ideas in India" with Vox and called the new blog "a treasure trove" for readers.

  • July 22, 2012

    South Bend Tribune

    CFSP seed grant recipient Joseph Kaboski was highlighted in the South Bend Tribune as the recipient of the 2012 Frisch Medal Award. Kaboski and CFSP Faculty Director Robert M. Townsend received the Frisch Medal for their paper analyzing the impact of the Thai Million Baht Village Fund, a microfinance finance program in Thailand.

  • July 17, 2012

    Forbes India Magazine

    CFSP member Abhijit Banerjee, along with fellow economist Esther Duflo, were featured inForbes India Magazine for their discussion of how choice affects the poor's ability to escape poverty. The article discusses Banerjee and Duflo's argument that the poor in developing countries are forced to make too many decisions - such as whether or not to boil their drinking water - and how these decisions factor into policy questions of intervention and self-reliance in order to alleviate poverty.

  • July 11, 2012

    University of Notre Dame

    CFSP researcherJoseph Kaboski, professor of Economics at the University of Notre Dame, was awarded the 2012 Frisch Medal for his paper evaluating the impact of microfinance. Kaboski shares the award with CFSP Faculty Director Robert M. Townsend, who co-authored their award-winning paper that evaluated Thailand's Thai Million Baht Village Fund program, one of the largest microfinance programs of its kind. Their paper was selected for its “combination of rigorous theory and careful econometrics to produce important insights into a major development policy,” the selection committee said.