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  • All HBS Web  (856)
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  • 02 Feb 2012
  • Op-Ed

Once a Castle, Home is Now a Debtors’ Prison

era before unemployment soared, the Dow plummeted, and credit default swaps surfaced. In today's jargon, these owners are underwater—they owe more than the value of their homes. But underwater is a misnomer. People underwater either swim... View Details
Keywords: by Nicolas P. Retsinas; Financial Services; Construction; Real Estate
  • 10 Jul 2018
  • First Look

New Research and Ideas, July 10, 2018

system of a large federal credit union, we delineate four important constraints likely to affect the lending process: (1) limited attention (or distraction), (2) task-specific human capital, (3) peer perception, and (4) learning over the... View Details
Keywords: Dina Gerdeman
  • 30 Nov 2016
  • Op-Ed

Where Could More Regulation Help Small Businesses? Online Lending.

addressable market of $280 billion. That’s music to the ears of small businesses. Indeed, our research shows a sizeable credit gap exists for small businesses, particularly for loans under $100,000, which is the size that over 60 percent... View Details
Keywords: by Karen Mills and Brayden McCarthy; Financial Services
  • 13 Dec 2016
  • First Look

December 13, 2016

the banking sector, which is one reason for the disproportionately high impact on America’s small businesses, which tend to be heavily credit dependent. While some aspects of the economy have recovered in... View Details
Keywords: Carmen Nobel
  • 31 Oct 2016
  • Research & Ideas

Quantitative Easing Didn’t Ease the Housing Crisis for the Neediest

Another tool to stimulate a distressed economy has made its way into the playbooks of central banks across the world. With quantitative easing, known as QE for short, a central bank makes it easier to borrow... View Details
Keywords: by Carmen Nobel
  • 07 Jan 2002
  • What Do You Think?

Did Consumer Behavior Tracking Come of Age on September 11?

banking and credit card transactions, and 68% would agree to the adoption of a national identification system for all U.S. citizens. Clearly, the behavior of U.S. citizens and those circulating among them... View Details
Keywords: by James Heskett
  • 23 Jul 2013
  • First Look

First Look: July 23

fortnight if unexecuted. Bank finance and trade credit had tided Getit through tough times in the past, and Getit still had a Rs 250 million bank line to draw on. Should he... View Details
Keywords: Anna Secino
  • 24 Sep 2020
  • Research & Ideas

Financial Meltdowns Are More Predictable Than We Thought

research by Harvard Business School Professors Robin Greenwood and Samuel G. Hanson begs to differ. Financial crises, even ones as calamitous as the 2007-2008 banking meltdown, are surprisingly predictable to those who know the warning... View Details
Keywords: by Danielle Kost; Financial Services
  • 11 Apr 2000
  • Research & Ideas

Financial Services 24/7

services such as credit cards, mortgages, mutual funds, insurance, and discount brokers, all conducted online. Because Internet-only banks have lower overhead costs, they can pass savings on to consumers,... View Details
Keywords: by Susan Young
  • 15 Jul 2008
  • First Look

First Look: July 15, 2008

  Working PapersInvestable Tax Credits: The Case of the Low Income Housing Tax Credit Authors:Mihir A. Desai, Dhammika Dharmapala, and Monica Singhal Abstract The Low Income Housing Tax Credit (LIHTC)... View Details
Keywords: Martha Lagace
  • 10 Sep 2014
  • Research & Ideas

Become a Value Creator

can focus on that, it is the way to win." One way to be a good value creator: give coworkers credit where credit is due. The need to appear smart can lead managers to cast blame on others for missteps... View Details
Keywords: by Dina Gerdeman
  • 12 Nov 2014
  • Op-Ed

A Challenge to the New Congress: Pass Housing Finance Reform

from the left and the right, set out to do just that. For the last two and a half years, we co-chaired the Commission's Mortgage Finance Reform Working Group. Remarkably, we saw consensus emerge from both parties on the goals of the new system. We made it as far as the... View Details
Keywords: by Nicolas Retsinas & Rob Couch; Construction; Real Estate
  • 06 Apr 2016
  • Research & Ideas

Should Entrepreneurs Pitch Products or Ideas for Products?

box office. The main measure that the paper uses to approximate a writer’s “observable quality” to the buyer is the number of writing credits for movies that have been released by major studios five years before the sale date of the pitch... View Details
Keywords: by Carmen Nobel; Banking; Banking; Banking
  • 05 Aug 2014
  • First Look

First Look: August 5

current state of access to bank capital for small business from the best available sources. We explore both the cyclical impact of the recession on small business and access to credit and several structural... View Details
Keywords: Sean Silverthorne
  • 20 Jan 2015
  • First Look

First Look: January 20

individuals. Financial inclusion could potentially help these individuals by increasing financial literacy, building credit records, improving savings rates, providing access to loans and other financial products, and, in general, by... View Details
Keywords: Sean Silverthorne
  • 28 Oct 2009
  • Lessons from the Classroom

HBS Begins Teaching Consumer Finance

MBA programs in America and the top five in Europe. While some offer banking courses, and others offer behavioral courses, none had a course that was specifically about consumer finance. Here at HBS, we have a rich set of finance... View Details
Keywords: by Roger Thompson; Financial Services; Education
  • 31 Jul 2012
  • First Look

First Look: July 31

data. First, we use field data on employees' productivity from a mid-size bank in Japan, which we then match with daily weather data to investigate the effect of bad weather conditions (in terms of precipitation, visibility, and... View Details
Keywords: Carmen Nobel
  • 23 Mar 2010
  • First Look

First Look: March 23

(forthcoming) An abstract is unavailable at this time. Download the paper: http://www.people.hbs.edu/bvillalonga/VillalongaAmit_FM_Final.pdf Working Papers Banking Market Concentration and Consumer Credit... View Details
Keywords: Martha Lagace
  • 26 Feb 2019
  • First Look

New Research and Ideas, February 26, 2019

dollars. This creates a direct connection between U.S. monetary policy and EME credit cycles. We estimate that over a typical U.S. monetary easing cycle, EME borrowers experience a 32-percentage-point greater increase in the volume of... View Details
Keywords: Dina Gerdeman
  • 19 May 2009
  • First Look

First Look: May 19, 2009

credit products in the U.S. with an emphasis on the types of products that low—and moderate—income consumers use. Included here are the following: credit cards, bank overdraft... View Details
Keywords: Martha Lagace
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