Filter Results
:
(1,134)
Show Results For
-
All HBS Web
(1,658)
- People (1)
- News (249)
- Research (1,134)
- Events (1)
- Multimedia (14)
- Faculty Publications (835)
Show Results For
-
All HBS Web
(1,658)
- People (1)
- News (249)
- Research (1,134)
- Events (1)
- Multimedia (14)
- Faculty Publications (835)
Sort by
- February 2009
- Article
Optimal Reserve Management and Sovereign Debt
By: Laura Alfaro and Fabio Kanczuk
Most models currently used to determine optimal foreign reserve holdings take the level of international debt as given. However, given the sovereign's willingness-to-pay incentive problems, reserve accumulation may reduce sustainable debt levels. In addition, assuming...
View Details
Keywords:
Borrowing and Debt;
Motivation and Incentives;
Decisions;
Emerging Markets;
Balance and Stability;
Earnings Management;
Policy;
Interest Rates;
International Finance;
Cost
Alfaro, Laura, and Fabio Kanczuk. "Optimal Reserve Management and Sovereign Debt." Journal of International Economics 77, no. 1 (February 2009): 23–36. (Also Harvard Business School Working Paper, No. 07-010, 2006 and NBER Working Paper No. 13216.)
- Research Summary
Debt Redemption and Reserve Accumulation
By: Laura Alfaro
In the past decade, foreign participation in local-currency bond markets in emerging countries increased dramatically. We revisit sovereign debt sustainability under the assumptions that countries can accumulate reserves and borrow internationally using their own...
View Details
- June 17, 2011
- Article
Devoted to Debt
By: Nancy F. Koehn
Keywords:
Borrowing and Debt
Koehn, Nancy F. "Devoted to Debt." Harvard Magazine (June 17, 2011).
- 2024
- Working Paper
Creditor-on-Creditor Violence and Secured Debt Dynamics
By: Samuel Antill, Neng Wang and Zhaoli Jiang
Anticipating a borrower's default, secured lenders have recently used aggressive legal tactics to extract value from other secured lenders. We model the implications of this new "creditor-on-creditor violence'' trend. In our novel continuous-time capital structure...
View Details
Antill, Samuel, Neng Wang, and Zhaoli Jiang. "Creditor-on-Creditor Violence and Secured Debt Dynamics." Working Paper, May 2024.
- January 2004 (Revised March 2004)
- Case
Redesigning Sovereign Debt Restructuring Mechanisms
By: Mihir A. Desai, Christina Pham, Julia Stevens and Kathleen Luchs
How should the debt of sovereign countries be restructured when countries approach default? Anne O. Krueger of the International Monetary Fund (IMF) is proposing a new approach to sovereign defaults: the Sovereign Debt Restructuring Mechanism (SDRM). The SDRM would...
View Details
Keywords:
Sovereign Finance;
Insolvency and Bankruptcy;
Globalized Economies and Regions;
International Finance;
Laws and Statutes;
Latin America;
Asia;
Mexico
Desai, Mihir A., Christina Pham, Julia Stevens, and Kathleen Luchs. "Redesigning Sovereign Debt Restructuring Mechanisms." Harvard Business School Case 204-110, January 2004. (Revised March 2004.)
- 10 Aug 2011
- Research & Ideas
HBS Faculty Views on Debt Crisis
and take risks on hiring. The US economy was already slowing, and this downgrade is likely to reinforce that trend. Unfortunately, slower growth makes deleveraging dramatically more difficult. Reducing debt results in deleveraging only if...
View Details
Keywords:
by Staff
- 2007
- Working Paper
Optimal Reserve Management and Sovereign Debt
By: Laura Alfaro and Fabio Kanczuk
Most models currently used to determine optimal foreign reserve holdings take the level of international debt as given. However, given the sovereign's willingness-to-pay incentive problems, reserve accumulation may reduce sustainable debt levels. In addition, assuming...
View Details
- February 1999 (Revised October 2009)
- Background Note
Debt v. Equity: Definitions and Consequences
By: Henry B. Reiling and Mark Pollard
Explores the location of the somewhat imprecise line between debt and equity. Identifies the primary business contexts that give rise to problems, the alternative tax consequences attending the debt versus equity determination, and the most prominent tests used to...
View Details
Keywords:
Borrowing and Debt;
Equity;
Interest Rates;
Taxation;
Business and Government Relations;
Public Administration Industry
Reiling, Henry B., and Mark Pollard. "Debt v. Equity: Definitions and Consequences." Harvard Business School Background Note 299-041, February 1999. (Revised October 2009.)
- 17 Apr 2017
- HBS Case
This Turkish Debt Collector Is Customer-friendly
Debt collectors aren’t perceived as providing great service to debtors.Source: BrianAJackson On the list of industries known for great customer service, debt collection is far from the top—and may not even...
View Details
- March 2022
- Article
Contractual Restrictions and Debt Traps
By: Ernest Liu and Benjamin N. Roth
Microcredit and other forms of small-scale finance have failed to catalyze entrepreneurship in developing countries. In these credit markets, borrowers and lenders often bargain over not only the interest rate but also implicit restrictions on types of investment. We...
View Details
Liu, Ernest, and Benjamin N. Roth. "Contractual Restrictions and Debt Traps." Review of Financial Studies 35, no. 3 (March 2022): 1141–1182.
- April 1990 (Revised January 1994)
- Case
Mexico: Escaping from the Debt Crisis?
Explores how Mexico found itself in the debt crisis that exploded in 1982 and how the de la Madrid administration (1982-88) followed by the Salinas government (1988 on) devised policies by which to resolve the macroeconomic imbalances. Describes the economic and...
View Details
Shapiro, Helen. "Mexico: Escaping from the Debt Crisis?" Harvard Business School Case 390-174, April 1990. (Revised January 1994.)
- January 2009
- Article
Bank Debt and Corporate Governance
By: Victoria Ivashina, Vinay Nair, Anthony Saunders, Nadia Massoud and Roger Stover
In this paper, we investigate the disciplining role of banks and bank debt in the market for corporate control. We find that relationship bank lending intensity and bank client network have positive effects on the probability of a borrowing firm becoming a target. This...
View Details
Keywords:
Corporate Governance;
Borrowing and Debt;
Banks and Banking;
Business and Stakeholder Relations;
Governance Controls;
Managerial Roles
Ivashina, Victoria, Vinay Nair, Anthony Saunders, Nadia Massoud, and Roger Stover. "Bank Debt and Corporate Governance." Review of Financial Studies 22, no. 1 (January 2009): 41–77.
- May 2001
- Case
The Mexican Debt Crisis of 1982
By: Huw Pill
Describes Mexico's development strategy based on international borrowing and its culmination in the debt crisis of 1982. Discusses Mexico's approach to overcoming the crisis. A rewritten version of an earlier case.
View Details
Pill, Huw. "The Mexican Debt Crisis of 1982." Harvard Business School Case 701-111, May 2001.
- 1997
- Chapter
The Role of Foreign Currency Debt in Public Debt Management
By: Patrick de Fontenay, Gian-Maria Milesi Feretti and Huw Pill
de Fontenay, Patrick, Gian-Maria Milesi Feretti, and Huw Pill. "The Role of Foreign Currency Debt in Public Debt Management." Chap. 12 in Macroeconomic Dimensions of Public Finance, edited by M. I. Blejer and T. M. Ter-Minassian, 203–232. New York: Routledge, 1997.
- August 1998 (Revised January 2000)
- Teaching Note
Mexico in Debt TN
Teaching Note for (9-797-110) and (9-700-051).
View Details
Keywords:
Mexico
- May 1986 (Revised June 1986)
- Case
International Debts and Deficits
Meerschwam, David M. "International Debts and Deficits." Harvard Business School Case 386-188, May 1986. (Revised June 1986.)
- 2017
- Article
A Brief Money Management Scale and Its Associations with Personality, Financial Health, and Hypothetical Debt Repayment
By: Masha Ksendzova, Grant Edward Donnelly and Ryan Howell
Money management is essential for financial health, and more research is needed to better assess people’s money management practices. Therefore, we factor-analyzed 205 scaled questions from previous money management measures to select the best items and examined their...
View Details
- July 2002 (Revised March 2003)
- Case
Restructuring Bulong's Project Debt
By: Benjamin C. Esty and Michael Kane
Preston Resources, a small Australian gold mining company, bought the Bulong nickel mine for A$319 million in November 1998 and financed the acquisition by issuing a US$185 million (A$294 million) project bond. At the time, mining had been underway for several months,...
View Details
Keywords:
Finance;
Projects;
Restructuring;
Bonds;
Borrowing and Debt;
Business Startups;
Insolvency and Bankruptcy;
Valuation;
Mining Industry;
Australia
Esty, Benjamin C., and Michael Kane. "Restructuring Bulong's Project Debt." Harvard Business School Case 203-027, July 2002. (Revised March 2003.)
- February 2004 (Revised March 2010)
- Case
Brazil 2003: Inflation Targeting and Debt Dynamics
By: Laura Alfaro, Rafael M. Di Tella and Ingrid Vogel
In October 2002, Brazilians elected a left-wing president, Luis Inacio Lula da Silva, for the first time in that country's history. As markets faltered in response, Lula sought to reaffirm his commitment to fiscal discipline, a floating exchange rate, and inflation...
View Details
Keywords:
Economy;
Inflation and Deflation;
Money;
Borrowing and Debt;
Policy;
Emerging Markets;
Brazil
Alfaro, Laura, Rafael M. Di Tella, and Ingrid Vogel. "Brazil 2003: Inflation Targeting and Debt Dynamics." Harvard Business School Case 704-028, February 2004. (Revised March 2010.)