Debt Securities - Publications - Faculty & Research

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 View Details

Keywords: Martha Lagace

29 May 2020
Op-Ed

How Leaders Are Fighting Food Insecurity on Three Continents

COVID-19 is creating unprecedented strains on food security worldwide. The United Nations' World Food Programme warns that the pandemic could almost double the number of people facing food crises in low- and middle-income populations to... View Details

Keywords: by Howard Stevenson and Shirley Spence; Agriculture & Agribusiness

30 Oct 2012
First Look

First Look: October 30

salary allocations to online ad clicks to admission decisions. Working PapersSecurities Litigation Risk for Foreign Companies Listed in the U.S. Authors:Beiting Cheng, Suraj Srinivasan, and Gwen Yu Abstract We study securities... View Details

Keywords: Sean Silverthorne

25 Apr 2005
Research & Ideas

New Learning at American Home Products

1931 of John Wyeth & Brothers. In prescription drugs, the company's initial learning base emerged with the purchase in 1931 of John Wyeth & Brothers, a respected mid-sized Philadelphia drug company established in 1860. The Wyeth family had made a substantial... View Details

Keywords: by Alfred D. Chandler Jr.; Chemical; Health; Manufacturing; Pharmaceutical

09 Jan 2006
Research & Ideas

Rebuilding Commercial Real Estate

every major Wall Street firm has become active in real estate private equity. "Morgan Stanley alone has gone from zero dollars under management to almost $40 billion over the past fifteen years," says Slaughter. Securitized debt... View Details

Keywords: by Roger Thompson; Construction; Real Estate

16 Sep 2014
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First Look: September 16

strategy. Purchase this case: http://hbr.org/product/molycorp-financing-the-production-of-rare-earth-minerals-a/an/214054-PDF-ENG Harvard Business School Case 215-014 Molycorp: Issuing the 'Happy Meal' Securities (B) Molycorp, the western... View Details

Keywords: Sean Silverthorne

14 Sep 2010
First Look

First Look: September 14, 2010

of publicly traded U.S. firms over 16 years, we investigate the impact of corporate socially responsible (CSR) strategies on security analysts' recommendations. Socially responsible firms received more favorable recommendations in recent... View Details

Keywords: Sean Silverthorne

01 Dec 2005
News

Trillion-Dollar Fixer-Upper

commercial real estate prior to 1990. Since then, almost every major Wall Street firm has become active in real estate private equity. “Morgan Stanley alone has gone from zero dollars under management to almost $40 billion over the past fifteen years,” says Slaughter.... View Details

Keywords: Roger Thompson; Real Estate

20 Mar 2007
First Look

First Look: March 20, 2007

relies heavily on foreign debt. Access to such debt is suddenly curtailed when there is a downturn in market sentiment regarding the Icelandic economy as a whole. Students will reflect on the essential elements of a communications... View Details

Keywords: Martha Lagace

01 Dec 2005
News

One-on-One with Peter Cuneo

event” and “radical change” for the company, Marvel has secured $525 million of nonrecourse debt (its film characters serve as collateral) to produce ten motion pictures. With Paramount as its distributor,... View Details

Keywords: Julia Hanna; comic books; Publishing Industries (except Internet); Information; Management of Companies and Enterprises; Management

24 Sep 2013
First Look

First Look: September 24

time series. While loan issuance falls in recessions, it is not clear if this is due to demand or supply. We address this question by studying firms' substitution between bank debt and non-bank debt (public... View Details

Keywords: Sean Silverthorne

Web

Bibliography - Option Pricing in Theory & Practice: The Nobel Prize Research of Robert C. Merton - Exhibits - Historical Collections

Risk . New York, N.Y.: John Wiley and Sons, 1996. Bernstein, Peter L. Capital Ideas: The Improbable Origins of Modern Wall Street . New York, N.Y.: Free Press, 1992. Bertsimas, Dimitris, Leonid Kogan, and Andrew W. Lo. "Pricing and Hedging Derivative View Details

29 Mar 2016
First Look

March 29, 2016

debt crisis of the 1980s, the Washington Consensus era, and reform efforts in the 2000s. Purchase this case: https://cb.hbsp.harvard.edu/cbmp/product/711040-PDF-ENG Harvard Business School Case 816-065 The Entrepreneurial Manager: Course... View Details

Keywords: Sean Silverthorne

04 Nov 2008
First Look

First Look: November 4, 2008

Lerner, and Jean Tirole Abstract The sub-prime crisis has shown a harsh spotlight on the practices of securities underwriters, which provided too many complex securities that proved to ultimately have little... View Details

Keywords: Martha Lagace

April 2017 (Revised February 2020)
Case

Restructuring Ukraine

By: Kristin Mugford, Seema Amble and Tian Feng

In June 2015, Ukraine found itself struggling with a volatile and devalued currency, dramatically diminished foreign reserves, and a projected financing shortfall of $40 billion. Ukraine’s new government sought to return the nation to stability following political... View Details

Keywords: Exchange Rates; Politics; Macroeconomics; Financial Crisis; Insolvency and Bankruptcy; Restructuring; Economy; Currency Exchange Rate; Banks and Banking; Economic Slowdown and Stagnation; Bonds; Sovereign Finance; Capital Markets; Credit; Debt Securities; Financial Liquidity; Financial Markets; Government and Politics; Ukraine

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08 Mar 2016
Research & Ideas

Solving an Economic Mystery Surrounding Argentina and Chile

expressing frustration about their country’s recurring crises, and describing a business class lacking cohesion. While Chilean business leaders have secured legitimacy for their role in Chilean economic success over the last three... View Details

Keywords: by Sean Silverthorne

10 Feb 2015
First Look

First Look: February 10

in terms of both the bankruptcy code and the cultural attitudes toward corporate restructuring. This case can fit into an introductory course in a module on capital structure and the tradeoff between the costs and benefits of debt or in... View Details

Keywords: Sean Silverthorne

04 Aug 2014
Op-Ed

Why Small-Business Lending Is Not Recovering

Editor's note: This is the second in a series of articles based on a Harvard Business School working paper by Karen Mills that analyzes the current state of availability of bank capital for small business. During the 2008 financial crisis, small businesses were... View Details

Keywords: by Karen Mills; Banking; Financial Services

13 Jun 2017
Research & Ideas

Why Global Investments Are Still a Good Bet

markess. Using stock market data for the largest seven developed countries between 1986 and 2013, they disentangled changes in the prices of securities versus their value. “This is how you can piece out whether a positive return in the... View Details

Keywords: by Michael Blanding; Financial Services