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- Faculty Publications (140)
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- All HBS Web (252)
- Faculty Publications (140)
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- 15 Sep 2017
- Working Paper Summaries
Debt Redemption and Reserve Accumulation
Keywords:
by Laura Alfaro and Fabio Kanczuk
- 13 Jun 2017
- Research & Ideas
Why Global Investments Are Still a Good Bet
money when those shocks occur. “They should be less concerned about that, because they can ride out those waves,” says Viceira. Thus, for investors looking beyond a 10- to 20-year time frame—including individuals saving for retirement, college endowments, foundations,...
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- 01 Sep 2015
- First Look
First Look -- September 1, 2015
research in finance and economics. We propose two tests to evaluate how well measures of financial constraints actually capture constraints. We find that firms typically classified as constrained do not in fact behave as if they were...
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Sean Silverthorne
- June 2010 (Revised July 2012)
- Supplement
Dubai: Debt, Development, and Crisis (C)
By: Aldo Musacchio, Andrew Christopher Goodman and Claire K. Qureshi
On November 25, 2009, the city state of Dubai stunned markets by announcing that Dubai World, its flagship state holding company, would seek a six month "standstill" on at least $4 billion U.S. dollars of its $26 billion in debt obligations. This case describes Dubai's...
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Keywords:
Finance;
Investment;
Emerging Markets;
Trade;
Insolvency and Bankruptcy;
Development Economics;
Financial Crisis;
State Ownership;
Sovereign Finance;
Business Strategy;
Dubai
Musacchio, Aldo, Andrew Christopher Goodman, and Claire K. Qureshi. "Dubai: Debt, Development, and Crisis (C)." Harvard Business School Supplement 710-071, June 2010. (Revised July 2012.)
- 2009
- Working Paper
Endowments, Fiscal Federalism, and the Cost of Capital for States: Evidence from Brazil, 1891-1930
By: Andre C. Martinez Fritscher and Aldo Musacchio
There is a large amount of literature that aims to explain what determines country risk (defined as the difference between the yield of a sovereign's bonds and the risk-free rate). In this paper, we contribute to the discussion by arguing that an important explanatory...
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- 16 Sep 2008
- First Look
First Look: September 16, 2008
807-057 Describes a set of financing issues confronting a rapidly growing company that uses "Word-of-Mouth" marketing techniques in promoting research, new products, or services. The company proposes to set the terms for a new...
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- May 1998 (Revised January 1999)
- Case
Japan: "Free, Fair, and Global?"
By: Richard H.K. Vietor and Stephen E. Lynagh
In April 1998, Prime Minister Hashimoto faced serious problems, both with his program of six systemic reforms and with his fiscal policy. Japan had been in effective recession for six years, unable to retain the miracle-growth achieved in earlier decades. Hashimoto has...
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Keywords:
Sovereign Finance;
Development Economics;
Social Issues;
Policy;
Economy;
Government Administration;
Financial Crisis;
Japan
Vietor, Richard H.K., and Stephen E. Lynagh. Japan: "Free, Fair, and Global?". Harvard Business School Case 798-083, May 1998. (Revised January 1999.)
- 21 Aug 2012
- First Look
First Look: August 21
are not directly related to mining, such as trade, finance and services. We use quantile instrumental variable regression techniques and identify mostly homogeneous effects throughout the conditional city growth distribution. Download the...
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Keywords:
Sean Silverthorne
- 29 Jan 2019
- First Look
New Research and Ideas, January 29, 2019
was roughly half as large as prior estimates have suggested. Publisher's link: https://pubwww.hbs.edu/faculty/Pages/item.aspx?num=55509 Fiscal Rules and Sovereign Default By: Alfaro, Laura, and Fabio Kanczuk Abstract— Recurrent concerns over...
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Keywords:
Dina Gerdeman
- 18 Sep 2007
- First Look
First Look: September 18, 2007
Working PapersOptimal Reserve Management and Sovereign Debt Authors:Laura Alfaro and Fabio Kanczuk Abstract Most models currently used to determine optimal foreign reserve holdings take the level of international debt as given. However,...
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Keywords:
Martha Lagace
- January 1997 (Revised March 1997)
- Background Note
Note on Money and Monetary Policy
By: David A. Moss and Wyatt C. Wells
Offers a brief overview of economic thinking about the nature of money and about how the central bank can affect the economy through monetary policy.
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Keywords:
Sovereign Finance;
Government Administration;
Policy;
Central Banking;
Money;
Inflation and Deflation;
Financial Crisis
Moss, David A., and Wyatt C. Wells. "Note on Money and Monetary Policy." Harvard Business School Background Note 797-094, January 1997. (Revised March 1997.)
- 24 Jul 2013
- Op-Ed
Detroit Files for Bankruptcy: HBS Faculty Weigh In
and new construction. On the other hand, well-managed public-private partnerships, where the private sector funds, builds, and operates key public infrastructure, can shift the capital requirement from municipalities to the private sector. When there are adequate...
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- 20 Mar 2012
- First Look
First Look: March 20
constitute a first level in the system, regulatory systems the second level, and political authority the third. This multi-level system could not emerge until sovereign political authorities relinquished some power in order to release the...
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Sean Silverthorne
- 18 Nov 2010
- Research & Ideas
GM’s IPO: Back to the Future
solicitation of interest from sovereign wealth funds alongside traditional buyers. IPOs require a leap of faith from investors who have to bet on a new company. The new GM wants to be just that, a corporation intent on presenting itself...
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- 18 Dec 2012
- First Look
First Look: December 18
activity and new venture financing is an age old question. Public promotion efforts are controversial, and in most cases they tend to fail. In the United States, debate about the role of government in these areas can be traced back to at...
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Carmen Nobel
- 12 Oct 2011
- First Look
First Look: October 12
generally takes one of two approaches. The market timing and catering approach views managerial financing and investment decisions as rational managerial responses to securities mispricing. The managerial biases approach studies the...
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Keywords:
Sean Silverthorne
- 02 Sep 2015
- Research & Ideas
Explaining China's Crash
MBA 1988) is a professor of management practice at Harvard Business School. For two decades, he ran equity capital markets for Goldman Sachs, Merrill Lynch, and Morgan Stanley. His casework focuses on international investment, sovereign...
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- 10 Jul 2018
- First Look
New Research and Ideas, July 10, 2018
another new product and, if so, what this move would mean for their ready-to-grow product line. Purchase this case:https://hbsp.harvard.edu/product/518073-PDF-ENG Harvard Business School Case 218-071 Infrastructure in Nigeria: Unlocking Pension Fund Investments The...
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Keywords:
Dina Gerdeman
- 13 Sep 2011
- First Look
First Look: September 13
the predictions of the neoclassical model; and (3) public debt flows are negatively correlated with growth only if government debt is financed by another sovereign and not by private lenders. Our results...
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Keywords:
Sean Silverthorne
- 17 Mar 2011
- Research & Ideas
Harvard Business School Faculty Comment on Crisis in Japan
with the task of fashioning an appropriate fiscal response. Bold recovery plans would seem to be in order, but how that response is financed holds great import for Japan's economic future. With government deficits equaling 10% of GDP, and...
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Re: Multiple Faculty