Publications

Person Page

Media

This lists media reports covering my firm dollarDEX Investments or me (or my colleagues), or columns written by me (or my colleagues). There are all... View Details

01 Mar 2011
News

The Check Is in the Mail

kept by American merchants at a time when hard currency was often scarce. Period documents reveal a fascinating level of intimate detail in how a creditor’s reliability was assessed. “You start to get a real, not abstract, image of... View Details

Keywords: Arts, Sports, Language, Driving, and Other Schools; Educational Services; News, Library, Internet, and Other Services; Information

May 2004 (Revised June 2005)
Background Note

Exchange Rate Regimes

By: Rafael M. Di Tella and Ingrid Vogel

There are many options for a country in the management of monetary policy. At the most basic level is the decision of whether to adopt a fixed or a floating exchange rate. Introduces the economics behind exchange rates and the debate between fixed vs. floating regimes. View Details

Keywords: Currency Exchange Rate; Policy; Macroeconomics; Country

2010
Case

Groupe Ariel, S.A.: Parity Conditions and Cross-Border Valuation: Brief Case No. 4195 (TN).

By: Timothy A. Luehrman and James Quinn

Keywords: Valuation; Currency Exchange Rate; Cross-Cultural and Cross-Border Issues

September 2010 (Revised March 2012)
Teaching Note

China "Unbalanced" (TN)

By: Diego A. Comin and Richard H.K. Vietor

Teaching Note for 711010. View Details

Keywords: Financial Crisis; Growth and Development Strategy; Demand and Consumers; Policy; Trade; Currency Exchange Rate; Energy; Investment; China; United States

December 1980 (Revised January 1994)
Case

International Foodstuffs

By: David E. Bell

Describes three fairly routine instances in which considerations of risk exposure in foreign exchange are necessary. The three are a delayed payment for a grain shipment, a foreign subsidiary facing devaluation of its domestic currency, and a foreign acquisition. The... View Details

Keywords: Currency Exchange Rate; Risk and Uncertainty; International Relations; Mergers and Acquisitions; Money; International Finance; Financial Services Industry

Find at Harvard

25 Oct 2011
First Look

First Look: October 25

Institutional Investors Frame Their Losses: Evidence on Dynamic Loss Aversion from Currency Portfolios Authors:Kenneth A. Froot, J. Arabadjis, S. Cates, and S. Lawrence Publication:Journal of Portfolio Management (forthcoming) Abstract... View Details

Keywords: Sean Silverthorne

01 Mar 2009
News

Buddy, Can You Spare a Trillion

periodically blown up other emerging markets. Having already devalued the renminbi in 1994, and having retained capital controls throughout the period of economic reform, China suffered no currency crisis in 1997–1998. When the Chinese... View Details

Keywords: Finance; Publishing Industries (except Internet); Information

March 1997 (Revised May 2000)
Background Note

Bretton Woods System of Exchange Rates, The

By: Louis T. Wells Jr.

Describes the exchange rate system adopted at Bretton Woods in 1994. View Details

Keywords: Trade; Currency Exchange Rate; Government and Politics; Adoption; System

December 1994 (Revised June 1995)
Case

Tiffany & Co.--1993

By: W. Carl Kester and Kendall Backstrand

The restructuring of Tiffany's retailing agreement with Mitsukoshi Ltd. in 1993 exposed Tiffany to substantial yen/dollar exchange rate volatility that it had not previously faced. This new exposure requires Tiffany to establish risk management policies and practices.... View Details

Keywords: Restructuring; Currency Exchange Rate; Management Practices and Processes; Risk Management; Agreements and Arrangements; Situation or Environment

01 Oct 2000
News

HBS Club Flourishes in London

representing business, sports, academia, civil and military services, politics, and religious organizations, inspire thoughtful conversations. Recent forums on private equity and the Internet, along with debates on single currency and... View Details

Keywords: Amy E. Dean

01 Jun 2006
News

Faculty Books

Pill, and Ingrid Vogel (World Scientific Publishing Co.) Understanding the genesis of financial and currency crises, stock-market booms and busts, and social and labor unrest is crucial in making informed managerial decisions. These... View Details

Keywords: Business Schools & Computer & Management Training; Educational Services

March 2000 (Revised April 2001)
Case

Menem and the Populist Tradition in Argentina

By: Rafael M. Di Tella and Eliseo Neuman

Argentina has flourished under a fixed exchange rate system, yet there are large income and employment fluctuations. The social cost of unemployment is threatening the viability of the economic model. Building a welfare state is one alternative, but this may be a... View Details

Keywords: History; Governance; Job Cuts and Outsourcing; Employment; Currency Exchange Rate; Welfare; Government Administration; Government and Politics; Argentina

02 Sep 2015
Research & Ideas

Explaining China's Crash

mid-August, the biggest currency adjustment in two decades. But continued trading volatility climaxed on Aug. 23 in what many have called China’s “Black Monday.” Shanghai stocks dropped by 8.5 percent overnight, their steepest single-day... View Details

Keywords: by Christina Pazzanese; Financial Services

17 Mar 2009
First Look

First Look: March 17, 2009

mortgage lender are considering how to bring the bank's restructuring to a successful conclusion as the country's economy continues to suffer from the impact of the 2001-2002 currency crisis and default. As the bank's competitors, many of... View Details

Keywords: Martha Lagace

04 Nov 2019
News

A Home for Startups

which acts as a platform to bring these people together and let them interact with each other to generate new ideas, new business opportunities. “Collaboration is the currency of the future, and we are stepping forward in that direction.... View Details

Keywords: work space

01 Sep 2007
News

Paulson Speaks on China at HBS

intellectual property protection, and domestic consumption. In addition, Paulson said, the Chinese will not “be able to develop the financial markets and banks they want unless they have a currency that reflects economic reality.”... View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services; Administration of Economic Programs; Government

September 1996 (Revised July 1997)
Case

Grupo Sidek (A)

By: Kenneth A. Froot and Alberto Moel

A large Mexican conglomerate, active in tourism, real estate, and steel, is faced with difficult macroeconomic conditions beginning with the Peso crisis of December 1994. The conglomerate had extensive dollar-indexed liabilities and was caught in a crunch when the... View Details

Keywords: Foreign Exchange; Real Estate; Debt Policy; Tourism; Steel; Business Conglomerates; Macroeconomics; Currency Exchange Rate; Crisis Management; Valuation; Mexico

November 2010 (Revised October 2011)
Case

Oriflame S.A. (A)

By: David F. Hawkins, Karol Misztal and Daniela Beyersdorfer

A direct-selling cosmetics company involved in emerging markets exhibits significant foreign exchange risk exposure and profitability swings in the wake of the 2008 financial crisis. Students must review the company's use of derivative instruments and other hedging... View Details

Keywords: Accounting; Financial Crisis; Currency Exchange Rate; Financial Strategy; Investment; Management Analysis, Tools, and Techniques; Risk Management; Emerging Markets; Beauty and Cosmetics Industry