Foreign Currency Hedging - Publications - Faculty & Research

12 Sep 2017
First Look

First Look at New Research and Ideas, September 12, 2017

sovereign-debt models, asset-valuation effects occasioned by currency fluctuations act to absorb global shocks and render consumption smoother. Countries do not accumulate reserves to be depleted in “bad” times. Instead, issuing domestic... View Details

Keywords: Carmen Nobel

01 Dec 2000
News

Latin America's Decade

open markets and trade began to emerge across Latin America. In recent years, state-owned companies have been privatized, currencies stabilized, and inflation reduced. These changes have helped attract a fresh influx of View Details

Keywords: Garry Emmons and Julia Hanna; Latin America; research; infrastructure; Hospitality; Securities, Commodities, and Other Financial Investments; Finance; Management, Scientific, and Technical Consulting Services; Professional Services

01 Feb 2001
News

Q&A - Dirty Money: Raymond Baker Explores the Free Market's Demimonde

Africa's aggregate wealth has been transferred to foreign bank accounts, according to the World Bank. In Africa and elsewhere, the movement of corrupt and tax-evading money drains hard currency reserves,... View Details

Keywords: Finance; Government

30 Oct 2006
First Look

First Look: October 31, 2006

Working PapersHow Does Foreign Direct Investment Promote Economic Growth? Exploring the Effects of Financial Markets on Linkages Authors:Laura Alfaro, Areendam Chanda, Sebnem Kalemli-Ozcan, and Selin Sayek Abstract The empirical... View Details

Keywords: Sean Silverthorne

March 2005 (Revised June 2005)
Case

Capital Controls in Chile in the 1990s (B)

By: Laura Alfaro, Rafael M. Di Tella and Ingrid Vogel

Supplements the (A) case. View Details

Keywords: Governance Controls; Financial Crisis; Foreign Direct Investment; Currency Exchange Rate; Inflation and Deflation; Demand and Consumers; Interest Rates; Capital; System; Central Banking; Chile

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Expatriate Traders in the Treaty Port Communities - A Chronicle of the China Trade

of the China Trade Introduction Doing Business with China Augustine Heard & Co. The Canton Trade Commodities & Currencies Treaty Ports & Compradors Clippers & Steamships Exploring Trade Links Chinese Competition Expatriate Traders... View Details

01 Sep 2004
News

Promise & Perils

costs, transforming the country over the past decade into the world’s workshop. In 2003, China ranked as the world’s major recipient of foreign investment — nearly $53 billion. It is on pace this year to attract even more. Long-term... View Details

Keywords: Roger Thompson; Colleges, Universities, and Professional Schools; Educational Services

23 Jul 2024
In Practice

The New Rules of Trade with China: Navigating Tariffs, Turmoil, and Opportunities

transit countries or all Chinese-owned firms. When weighing these options, we recommend policymakers leverage rich new sources of microdata, which can paint a different picture from aggregate statistics. “Businesses hoping to hedge... View Details

Keywords: by Rachel Layne; Manufacturing; Retail; Fashion; Industrial Products; Consumer Products; Steel; Transportation; Telecommunications

01 Dec 2003
News

Can Manufacturing Keep Its Edge?

base. As a result, they get cost savings, and we get sales.” Welcome to the new reality in U.S. manufacturing, where, more than ever, intense foreign competition is driving product and strategy innovations. Even those firms without direct... View Details

Keywords: Julia Hanna; Manufacturing

03 Jul 2018
First Look

New Research and Ideas, July 3, 2018

forthcoming IMF Economic Review Debt Redemption and Reserve Accumulation By: Alfaro, Laura, and Fabio Kanczuk Abstract—In the past decade, foreign participation in local-currency bond markets in emerging countries increased dramatically.... View Details

Keywords: Dina Gerdeman

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Institutions, Macroeconomics, and the Global Economy - Course Catalog

globalization entails. All managers now face a business environment where international, macroeconomic, and political phenomena matter. Understanding the genesis of financial and currency crises, stock market booms and busts, social and... View Details

19 Mar 2006
Research & Ideas

Unlocking Your Investment Capital

and reversible way to reduce significantly the passive risk to the firm from this mismatch. I believe that the benefits of using credit derivative swaps will dwarf the costs of mistakes. Q: There has been a lot of scary news recently about View Details

Keywords: by Ann Cullen; Financial Services

01 Oct 1998
News

Going Against the Flow

bullish on Brazil as a place for foreign companies to set up shop. "Brazil is one of the world's biggest domestic markets," he says. "If you're a company with global ambitions and are seeking global economies of scale, you must be in... View Details

Keywords: Dun Gifford, Jr.

20 Oct 2009
First Look

First Look: October 20

Working PapersGray Markets and Multinational Transfer Pricing (revised) Authors:Romana Autrey and Francesco Bova Abstract Gray markets arise when a manufacturer's products are sold outside of its authorized channels, for instance when goods designated for a View Details

Keywords: Martha Lagace

01 Apr 2019
What Do You Think?

Does Our Bias Against Federal Deficits Need Rethinking?

a deficit limit although a very high one.” Tony E opined, “The US is unique globally in providing a stable currency (that allows) the rest of the world to eliminate uncertainty in asset/commodity valuation." This confidence , he... View Details

Keywords: by James Heskett

01 Mar 2013
News

Sizing Up Social Impact

profit-making; unlike financial performance, there is no common currency of measurement and aggregation," Ebrahim explains. "The value created by social-sector organizations accrues to society rather than to a set of owners or... View Details

Keywords: Julia Hanna; Crop Production; Agriculture; Administration of Economic Programs; Government; Administration of Housing Programs, Urban Planning, and Community Development; Government; Water, Sewage and Supply Systems; Utilities

23 Jun 2016
Op-Ed

Brexit: Should Britain Stay or Go?

that the rest of the countries in the EU are Britain’s largest market – countries to which it needs unimpeded access. Foreign firms and banks invest in Britain because it is a business-friendly platform for accessing that wider market.... View Details

Keywords: by Geoffrey G. Jones & Dante Roscini

14 Apr 2022
Blog Post

Trust the Process, and Trust Yourself Even More: Interview with Wellness and Empowerment Leader, Dilan Gomih (MBA 2019)

her comfort zone, going straight from her Political Science undergraduate degree to Wall Street. When she accepted the Foreign Exchange Sales Analyst role at Bank of America, Gomih’s friends and family were a bit perplexed, but as Gomih... View Details

31 Jul 2007
First Look

First Look: July 31, 2007

the national microfinance markets of Bolivia, Ecuador, and Peru within the context of global microfinance. Purchase this case: http://www.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=307060 Foreign Direct Investment and South... View Details