Publications

01 Dec 2008
News

No Easy Fix for the Financial Crisis

diagnose the problem and treat it. The rescue bill calls for the government to auction banks’ distressed mortgage assets to “try to restore the price discovery process so we can figure out what these things are actually worth.” Light... View Details

Keywords: Roger Thompson;Martha Lagace; deregulation; moral hazard; the middle class; Finance

01 Feb 2001
News

Books

economics are different, and all the wheels must turn a lot faster, but the problems of leadership, organization, and change are similar to those we have experienced for decades. So even as this book breaks new ground in examining a set... View Details

Keywords: books; research; Publishing Industries (except Internet); Information

March 2009 (Revised June 2012)
Case

Denmark: Globalization and the Welfare State

By: Arthur A. Daemmrich and Benjamin Kramarz

This case describes how Denmark has balanced the impacts of globalization, including outsourcing and movement of labor, with its social welfare offerings. Reforms implemented during the past two decades drove down unemployment, promoted new company formation, and put... View Details

Keywords: Macroeconomics; Trade; Globalized Economies and Regions; Governing Rules, Regulations, and Reforms; Job Cuts and Outsourcing; Employment; Welfare or Wellbeing; Denmark

Educators

27 Jul 2010
First Look

First Look: July 27

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=972044 Corporate Governance at the World Bank and the Dilemma of Global Governance Authors:Ashwin Kaja and Eric Werker Publication:The World Bank View Details

Keywords: Martha Lagace

19 Mar 2024
Blog Post

IFC India: Tata Power - Trombay Thermal Power Plant Takeaways

continue to develop while decarbonizing its energy use? The reality is that today, 60% of India’s electric power comes from coal plants like Trombay, which play a critical role in continued economic growth. That figure is much higher than... View Details

25 Jul 2014
News

Fostering connections with business leaders in India and South Asia

world's population. HBS faculty and student interest has heightened in particular with India's growth as an economic power. Under Raina's direction, the IRC has furthered the development of more than 90 case studies, several of which... View Details

25 Apr 2014
News

Pooling resources to tackle India's social challenges

Ravi Venkatesan (MBA 1992), former chairman of Microsoft India, left the corporate world to launch Social Venture Partners (SVP) India, which brings together concerned citizens to solve economic and social problems through venture... View Details

11 Aug 2009
First Look

First Look: August 11, 2009

subsequently reduced their scrutiny over voluntary disclosers, which suggests that self-reporting can help regulators economize government enforcement resources and develop cooperative relationships with... View Details

Keywords: Martha Lagace

Fall 2022
Article

Are the West’s Sanctions on Russia Working?

By: Rawi Abdelal and Alexandra Vacroux

Russia invaded Ukraine, first in 2014 and then again in February 2022. The United States and Europe—the West—imposed waves of sanctions on Russian individuals, firms, and the country itself. Six months into the West’s efforts to isolate Russia, it is reasonable to ask... View Details

Keywords: Russia; Sanctions; War; International Relations; Trade; Russia; Ukraine; Europe; United States

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August 2023
Article

Surveying the Landscape of Labor Market Threat Perceptions from Migration: Evidence from Attitudes toward Sub-Saharan African Migrants in Morocco

By: Matt Buehler, Kristin E. Fabbe and Eleni Kyrkopoulou

Morocco, once primarily known as a country of emigration and transit to Europe, has become a destination country for migrants, the majority of whom are from sub-Saharan Africa. Using an original nationally representative survey of 2,700 respondents, together with data... View Details

Keywords: Migration; North Africa; Morocco; Sub-Saharan African Migrants; Middle East; Immigration; Perception; Developing Countries and Economies; Labor; Morocco

March 2010 (Revised May 2011)
Case

Dubai in Crisis

By: Noel Maurer

On November 25, 2009, the small city-state of Dubai shook financial markets across the world when the Dubai World holding companies announced that it would ask its creditors to standstill its debts. After three decades of phenomenal growth, something had gone off the... View Details

Keywords: Business Model; Development Economics; Financial Crisis; Borrowing and Debt; Business History; Business and Government Relations; Dubai

19 Jan 2016
First Look

January 19, 2016

continued and expanded, with further empirical exploration of a distributed model of innovation that includes communities and platforms in a variety of contexts and with the development of theory to explain the economic underpinnings of... View Details

Keywords: Sean Silverthorne

January 2011 (Revised April 2011)
Case

CME Group

By: Forest L. Reinhardt and James Weber

The case describes CME Group, the world's largest commodities exchange, futures and options on futures contracts, history, regulation, and the strategic choices the company faced. CME Group was formed from the oldest and most well-known exchanges in the world. Traders... View Details

Keywords: Financial Crisis; Stocks; Goods and Commodities; Governing Rules, Regulations, and Reforms; Risk Management; Market Participation; Market Transactions; Financial Services Industry; United States

Educators

November 2009
Article

Is it Fair to Blame Fair Value Accounting for the Financial Crisis?

By: Robert C. Pozen

When the credit markets seized up in 2008, many heaped blame on "mark to market" accounting rules, which require banks to write down their troubled assets to the prices they'd fetch if sold on the open market - at the time, next to nothing. Recording those assets below... View Details

Keywords: Cost Accounting; Fair Value Accounting; Financial Crisis; Assets; Governing Rules, Regulations, and Reforms; Crisis Management; Standards; Banking Industry

February 13, 2025
Article

Research: The Costs of Circumventing Tariffs

By: Jaya Y. Wen, Ebehi Iyoha, Edmund Malesky and Sung-Ju Wu

When tariffs are levied against a specific country, that country might attempt to circumvent the tariff by rerouting products through a third country to avoid the higher taxes. Research in the aftermath of the 2018 U.S.-China trade war examined this phenomenon, finding... View Details

Keywords: Trade; Global Strategy; International Relations; United States; China

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January 1996
Article

Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance: Reply

Keywords: Money; Policy; Financing and Loans; Finance; Information