Does Regulatory Supervision Curtail Microfinance Profitability and Outreach?”(PDF Icon) (with Robert Cull and Asli Demirgüç-Kunt). May 2009. Forthcoming 2011, World Development.

"Microfinance Games"() (with Xavier Gine, Pamela Jakiela, and Dean Karlan). October 2009. Forthcoming 2010, American Economic Journal: Applied Economics.

"Selective Knowledge: Reporting Bias in Microfinance Data"(PDF Icon) (with Jonathan Bauchet). Perspectives on Global Development and Technology. 2010.

"Microfinance Meets the Market"(PDF Icon) (with Robert Cull and Asli Demirgüç-Kunt). February 2009. Journal of Economic Perspectives 23(1) ,Winter: 167-192.

Reprinted as ch. 1 of Contemporary Studies in Economic and Financial Analysis, Volume 92, Moving Beyond Storytelling: Emerging Research in Microfinance, Todd A. Watkins and Karen Hicks (eds.). 2009. Bingley, UK: Emerald.

"The Unbanked: Evidence from Indonesia,"(PDF Icon) (with Don Johnston Jr.). October 2008. World Bank Economic Review 22 (3): 517-537.

"Financial Performance and Outreach: A Global Analysis of Leading Microbanks"(PDF Icon) (with Robert Cull and Asli Demirgüç-Kunt). Economic Journal, February 2007, Vol. 117, Issue 517, pp. F107-F133.

"Strengthening Safety Nets from the Bottom Up"(PDF Icon) (with Manohar Sharma), Development Policy Review, 2002. Prepared for World Bank Institute, December 2000. Also available in the World Bank Social Safety Nets Primer, and as a Human Development Network Social Protection Unit (HDNCP) working paper (

"Rethinking Inequality Decomposition, with Evidence from Rural China"(PDF Icon) (with Terry Sicular). Economic Journal 112 (476), January 2002, 93-106.

"Microfinance Beyond Group Lending"(PDF Icon) (with Beatriz Armendáriz). The Economics of Transition, 8 (2) 2000: 401 - 420.

"Sibling Rivalry in Africa,"(PDF Icon) American Economic Review (AEA Papers and Proceedings) 90 (2), May 2000, 405 - 409.

"The Microfinance Promise"(PDF Icon) Journal of Economic Literature 37 (4), December 1999, 1569 - 1614.

Reprinted in Gerald Meier and James Rauch, Leading Issues in Development Economics, 8th edition, 2006. New York: Oxford University Press.

"Politics, Growth, and Inequality in Rural China: Does it Pay to Join the Party?"(PDF Icon) (with Terry Sicular). Journal of Public Economics 77 (3), September 2000, 331 - 356.

"The Role of Subsidies in Microfinance: Evidence from The Grameen Bank"(PDF Icon) Journal of Development Economics 60, October 1999, 229 - 248. One of the top 10 downloads from the JDE website, January-June 2000.

"The Microfinance Schism"(PDF Icon) October 1998. World Development 28 (4), April 2000.

"Between the Market and State: Can Informal Insurance Patch the Safety Net?"(PDF Icon) World Bank Research Observer 14 (2), August 1999, 187 - 207.

"Sibling Rivalry and the Gender Gap: Evidence from Child Health Outcomes in Ghana"(PDF Icon) (with Ashish Garg), Journal of Population Economics 11 (4), December 1998, 471 - 493.

"Poverty, Economic Growth, and Average Exit Time"(PDF Icon) Economics Letters 59, 1998, 385-390. Featured in Economic Intuition (July 1998) as one of the "best 100 articles [selected] annually" in management, finance, and economics.

"Technological Adoption in Rural Cochabamba, Bolivia"(PDF Icon) (with Ricardo Godoy and David Bravo), Journal of Anthropological Research 54, Fall 1998, 351 - 371.

"Using Mixture Models to Detect Sex Bias in Health Outcomes in Bangladesh"(PDF Icon) (with Hal Stern). Journal of Econometrics 77 (1), March 1997, 259 - 276.

"Income Smoothing and Consumption Smoothing"(PDF Icon) Journal of Economic Perspectives 9(3), Summer 1995, 103 - 114.

    Repinted in Development Economics: Critical Concepts in Development Studies (Routledge Major Works series). Lead article, Volume II.

"Decentralization, Externalities, and Efficiency"(PDF Icon) (with Peter Klibanoff). Review of Economic Studies 62, April 1995, 223 - 247.

"Poverty and Vulnerability,"(PDF Icon) American Economic Review (AEA Papers and Proceedings) 84 (2), May 1994, 221 - 225.

"Distributional Consequences of the Russian Price Reform" (PDF Icon) (with Karen Brooks and Yakov Urinson), Economic Development and Cultural Change 42:3, April 1994, 469 - 484.

"Wheat and Maize Price Policies in Hungary: Tradeoffs between Foreign Exchange and Government Revenue" (with Avishay Braverman and Jeffrey S. Hammer), Agricultural Economics 1, 1987.