Publications

Educators

Article

Monetary Analysis and Monetary Policy in the Euro Area 1999-2006

By: Bjoern Fischer, Michele Lenza, Huw Pill and Lucrezia Reichlin

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06 Dec 2011
Op-Ed

Greater Fiscal Integration Best Solution for Euro Crisis

within the euro zone. This is hardly a recipe for growth, especially at a time of severe fiscal tightening. Moreover, European banks are in a difficult position. Depositors in countries that are seen as... View Details

Keywords: by Dante Roscini

2011
Chapter

Macroprudential Policy and Monetary Policy: Some Lessons from the Euro Area

By: Domenico Giannone, Michele Lenza, Huw Pill and Lucrezia Reichlin

2016
Chapter

Exceptional Policies for Exceptional Times: The ECB's Response to the Rolling Crises of the Euro Area

By: Lucrezia Reichlin and Huw Pill

August 2017
Article

The National Segmentation of Euro Area Bank Balance Sheets during the Financial Crisis

By: Antonio Colangelo, Domenico Giannone, Michele Lenza, Huw Pill and Lucrezia Reichlin

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08 Dec 2011
News

Euro Crisis May Force Europeans To Bail Out Their Banks, Too

June 2003 (Revised January 2004)
Case

The Euro-Dollar Decision (A)

By: Huw Pill, John C. Kelleher, Michael T. Nally and David Schlendorf

Explores the factors that determine floating exchange rates in the context of the introduction of the euro in January 1999. View Details

Keywords: Currency Exchange Rate; European Union

09 Dec 2011
News

Seeking a Solution: Dante Roscini on the European Debt Crisis

Dollar Funding and the Lending Behavior of Global Banks

A large share of dollar-denominated lending is done by non-U.S. banks, particularly European banks. We present a model in which such banks cut dollar lending more than euro lending in response to a shock to their credit quality. Because these banks rely on wholesale... View Details

August 2015
Article

Dollar Funding and the Lending Behavior of Global Banks

By: Victoria Ivashina, David S. Scharfstein and Jeremy C. Stein

A large share of dollar-denominated lending is done by non-U.S. banks, particularly European banks. We present a model in which such banks cut dollar lending more than euro lending in response to a shock to their credit quality. Because these banks rely on wholesale... View Details

Keywords: Banks; Global Banks; Credit Supply; Dollar Funding; International Finance; Banks and Banking; Banking Industry

01 Feb 2013
Working Paper Summaries

Dollar Funding and the Lending Behavior of Global Banks

Keywords: by Victoria Ivashina, David S. Scharfstein & Jeremy C. Stein; Financial Services

Article

The Price Impact of Joining a Currency Union: Evidence from Latvia

By: Alberto Cavallo, Brent Neiman and Roberto Rigobon

Does membership in a currency union matter for a country’s international relative prices? The answer to this question is critical for thinking about the implications of joining (or exiting) a common currency area. This paper is the first to use high-frequency... View Details

Keywords: Currency Union; Exchange Rate; Law Of One Price; Currency Exchange Rate; Price; Latvia

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April 2011 (Revised December 2017)
Case

Latvia: Navigating the Strait of Messina

By: Rafael Di Tella, Rawi Abdelal and Natalie Kindred

This case describes Latvia's transition from a Soviet republic into an EU member, its economic boom and subsequent bust in 2008, and its policy response. After implementing significant economic and political reforms in order to qualify for EU membership in 2004, Latvia... View Details

Keywords: Currency Exchange Rate; Competitive Strategy; Economic Growth; Policy; Financial Crisis; Economic Slowdown and Stagnation; Latvia

Educators

01 Jun 2009
News

The Maestro and the Market

they enjoy a five-hour meal of thirty-some completely original, whimsical dishes prepared by Adrià and his team of thirty to forty cooks. The meal costs roughly 230 euros and represents hours of laborious... View Details

Keywords: Julia Hanna; Performing Arts, Spectator Sports, and Related Industries; Arts, Entertainment; Colleges, Universities, and Professional Schools; Educational Services; Food Services and Drinking Places; Hospitality

02 Jul 2015
Op-Ed

The Future of the Greek Economy

offer their thoughts on the Greek economic crisis. Their answers were written before last week's referendum vote by the Greek people, but their insights remain valuable. The... View Details

Keywords: by Laura Alfaro, Dante Roscini & George Serafeim; Banking

May 2009 (Revised June 2009)
Case

Areva

By: V.G. Narayanan and Lisa Brem

Areva, the world's market leader in civilian nuclear power, was positioned to take advantage of the resurgence of nuclear power. However, three issues clouded the positive outlook: (1) a 1.7 billion euro loss on the construction of the first next generation nuclear... View Details

Keywords: Budgets and Budgeting; Financial Statements; Energy Generation; Cash Flow; Investment; Energy Industry; Europe

16 Feb 2004
Research & Ideas

HBS Center Focuses on Europe

The Europe Research Center (ERC) is the newest of Harvard Business School's Global Initiative research centers, having opened its doors in July 2002. With the political and... View Details

Keywords: by Cynthia Churchwell

December 2011 (Revised June 2013)
Case

Bananas (A)

By: Eric Van den Steen

As owner and CEO, Wim Van der Borght had grown Bananas in 8 years from a 4.5 million euro company into a 40 million euro group of companies with a range of field marketing activities in Belgium and the Netherlands. The core of the group consisted of two companies —... View Details

Keywords: Sustainable Competitive Advantage; Growth Strategy; Strategic Analysis; PVA; Culture As Commitment; Competitive Advantage; Organizational Culture; Growth and Development Strategy; Competitive Strategy; Mergers and Acquisitions; Strategy; Corporate Strategy; Belgium

Educators