Sovereign Finance - Publications - Faculty & Research

30 Sep 2008
First Look

First Look: September 30, 2008

case: http://harvardbusinessonline.hbsp.harvard.edu /b01/en/common/item_detail.jhtml?id=799015 PublicationsOptimal Reserve Management and Sovereign Debt Authors:Laura Alfaro and Fabio Kanczuk Publication:Journal of International... View Details

Keywords: Martha Lagace

17 Apr 2007
First Look

First Look: April 17, 2007

http://www.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=107060 International Capital Markets and Sovereign Debt: Crisis Avoidance and Resolution Harvard Business School Note 707-018 Successive economic crises of the 1990s and early... View Details

Keywords: Martha Lagace

17 Oct 2006
First Look

First Look: October 17, 2006

Activism in Sovereign Debt: "Vulture" Tactics or Market Backbone Harvard Business School Case 706-057 The role of distressed debt funds, also known as "vulture funds," in sovereign debt... View Details

Keywords: Sean Silverthorne

2001
Chapter

Publicly Funded Science and the Productivity of the Pharmaceutical Industry

By: Rebecca Henderson and Ian Cockburn

U.S. taxpayers funded $14.8 billion of health related research last year, four times the amount that was spent in 1970 in real terms. In this paper we evaluate the impact of these huge expenditures on the technological performance of the pharmaceutical industry. While... View Details

Keywords: Public Sector; Science-Based Business; Research and Development; Sovereign Finance; Pharmaceutical Industry

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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... View Details

Keywords: Trade; Cost of Capital; Revenue; Sovereign Finance; Goods and Commodities; Taxation; Business History; Risk and Uncertainty; Brazil

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24 Jun 2014
First Look

First Look: June 24

http://hbr.org/product/collective-genius-the-art-and-practice-of-leading-innovation/an/13296E-KND-ENG?referral=01240 August 2013 Harvard Business Law Review Sovereign Debt Restructuring: Evaluating the Impact of the Argentina Ruling By:... View Details

Keywords: Sean Silverthorne

February 1990 (Revised July 1990)
Case

Internal Revenue Service: Automated Collection System

By: Nitin Nohria

Describes how the IRS's collection operations changed from a largely manual system (COF) to an automated system (ACS). A central aspect of ACS was the electronic scheduling and maintaining of work. While with ACS the IRS accomplished significant improvements in the... View Details

Keywords: Sovereign Finance; Revenue; Information Technology; Taxation; Change Management; Organizational Change and Adaptation; Organizational Design; Human Resources; Public Administration Industry; United States

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1986
Chapter

Investing in the Defense Workforce: The Debt and Structure of Military Pensions

By: Dutch Leonard

Keywords: Human Capital; Compensation and Benefits; Borrowing and Debt; Sovereign Finance; National Security

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Article

Positioning The Nation State

By: John A. Quelch and Katherine E. Jocz

Having a clear, differentiated positioning gives a country an advantage in attracting investment, business and tourism, and in building markets for its exports. Countries like Greece, Spain and Chile are successfully repositioning themselves using coordinated marketing... View Details

Keywords: Sovereign Finance; Country; Product Positioning; Global Strategy; Government and Politics

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27 May 2009
First Look

First Look: May 27, 2009

escalate, the debate has focused on how to finance health care. Yet funding solutions can't address the underlying questions: Why have costs risen in the first place? And how can we improve the quality and affordability of care? In... View Details

Keywords: Martha Lagace

06 Dec 2011
Op-Ed

Greater Fiscal Integration Best Solution for Euro Crisis

deleveraging that made them sell European sovereign debt. But the ECB's most powerful weapon - intervening in the bond market - is still locked away. Draghi needs to create consensus among the German "hawks" who worry about the... View Details

Keywords: by Dante Roscini

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... View Details

Keywords: Sean Silverthorne

1988
Chapter

Evaluation of Government Financial Incentives to Large Scale Energy Projects: A Contingent Claims Approach

By: Carliss Y. Baldwin and Scott P. Mason

Keywords: Energy; Projects; Motivation and Incentives; Sovereign Finance; Business and Government Relations; Mathematical Methods; Energy Industry

Citation

14 Oct 2019
Working Paper Summaries

Undisclosed Debt Sustainability

Keywords: by Laura Alfaro and Fabio Kanczuk

07 Jun 2016
First Look

June 7, 2016

closed question–based surveys. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=50727 June 2016 Journal of Finance Local Currency Sovereign Risk By: Du, Wenxin, and Jesse Schreger Abstract—We... View Details

Keywords: Sean Silverthorne

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,... View Details

Keywords: by Michael Blanding; Financial Services

01 Mar 2019
News

Alumni and Faculty Books for March 2019

channels; The secret marketing vector that only cleantech companies can use; Harnessing utility companies to help you sell your product; How to establish your credibility; and Financing your sale. Forget It; What's the Point?: Letting Go... View Details

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,... View Details

Keywords: Martha Lagace