Publications

September 1988
Article

Earnings Information Conveyed by Dividend Initiations and Omissions

By: Paul M. Healy and Krishna G. Palepu

Keywords: Information; Money; Business and Shareholder Relations; Business Earnings

September 1987 (Revised November 1992)
Background Note

Note on Transaction and Translation Exposure

By: W. Carl Kester and Richard P. Melnick

Describes the transaction and translation exposures that companies doing business internationally face when foreign exchange rates change. Also discusses how to measure and cover both types of exposure. Covering techniques are demonstrated using examples of forward... View Details

Keywords: Currency Exchange Rate; International Finance

Educators

January 1986 (Revised March 1997)
Case

Horizon Group

By: William A. Sahlman

Contains a description of a situation confronting the co-founder of a company planning to produce software for microcomputers. The company has just completed raising money from some wealthy investors by forming an R&D Limited Partnership. Development of the program (an... View Details

Keywords: Business or Company Management; Venture Capital; Partners and Partnerships; Business Plan; Outcome or Result; Research and Development; Financial Strategy; Corporate Finance; Information Technology Industry

Educators

Article

Variance-Minimizing Monetary Policies with Lagged Price Adjustment and Rational Expectations

By: Jerry R. Green and Seppo Honkapohja

This paper considers a macroeconomic model with rational expectations in which prices are incompletely flexible. Markets therefore fail to clear. In such a model monetary policy is not neutral. The variance of real and nominal quantities and interest rates is sensitive... View Details

Read Now

December 1982 (Revised July 1985)
Case

Kennedy and the Balance of Payments

By: David B. Yoffie

In 1960, the United States was facing a balance of payments problem. Gold reserves were being drained, American products were losing competitiveness, and the dollar was under attack. This case analyzes the roots of this problem, provides an opportunity to discuss in... View Details

Keywords: Problems and Challenges; Accounting; Macroeconomics; Money; Currency; Trade; United States

Educators

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

March 1980
Article

Values for Games Without Sidepayments: Some Difficulties with Current Concepts

By: A. E. Roth

Keywords: Value; Money; Information

1979
Book

Financial Support of Women's Programs in 1970s

By: R. M. Kanter

Keywords: Money; Programs

December 1977
Article

Tender Offers and Stockholder Returns: An Empirical Analysis

By: P. Dodd and R. S. Ruback

Keywords: Ownership; Money; Stocks

Article

Capital Commitments and the High Cost of Money

By: Samuel Hayes

Forthcoming
Article

Arbitrage Capital of Global Banks

By: Alyssa Anderson, Wenxin Du and Bernd Schlusche

We show that the role of unsecured, short-term wholesale funding for global banks has changed significantly in the post-financial-crisis regulatory environment. Global banks mainly use such funding to finance liquid, near risk-free arbitrage positions—in particular,... View Details

Keywords: Governing Rules, Regulations, and Reforms; Banks and Banking; Interest Rates; Financing and Loans

Forthcoming
Book

Blockchain Forensics and Crypto-Related Cybercrimes: Chapters

By: Lin William Cong, Kim Grauer and Daniel Rabetti

This handbook provides an overview of various criminal activities related to cryptocurrencies, including investment scams, Ponzi schemes, rug pulls, ransomware attacks, money laundering, and darknet markets. We discuss the need for user protection and education,... View Details

Keywords: Crime; Cybersecurity; Cyberattacks; Blockchain; Network; Regulation; Cryptocurrency