Publications

02 May 2017
First Look

First Look at New Research: May 2, 2017

diminishing the return on lending in foreign currency. We show that, in response to domestic monetary policy easing, global banks increase their foreign reserves in currency areas with the highest interest rate while decreasing lending in... View Details

Keywords: Carmen Nobel

31 Jul 2007
First Look

First Look: July 31, 2007

Asian Currency Crisis led to the collapse of agreements Indonesia had negotiated for private electric power only a few years earlier. The ensuing struggle meant bad publicity and several hundred million dollars in costs for Indonesia. As... View Details

Keywords: Martha Lagace

03 Mar 2015
First Look

First Look: March 3

https://cb.hbsp.harvard.edu/cbmp/product/715432-PDF-ENG Harvard Business School Case 715-019 A Currency We Can Call Our Own: Populism, Banking Crises, and Exchange Rate Crises in Argentina, 1946-2002 The case describes Argentina's... View Details

Keywords: Sean Silverthorne

19 Nov 2013
First Look

First Look: November 19

settings. We find evidence consistent with this proposition for 68 currency and systemic banking crises in 17 countries from 1983 to 2005. We exploit a key publicly disclosed signal of fundamentals that drives financial markets, namely... View Details

Keywords: Sean Silverthorne

14 Oct 2013
Research & Ideas

Time that Government Reopens for Business

making good money in developing markets, but those opportunities are now considerably diminished due to depreciating currencies in the face of high commodity prices, specifically energy prices, which are dollar denominated. Meanwhile,... View Details

Keywords: by Jim Aisner

30 Nov 2016
Op-Ed

Where Could More Regulation Help Small Businesses? Online Lending.

provide first principles for a regulatory framework that enables the sustainable growth of small business lending. 1. Create a national non-bank charter option for online lenders The Office of the Comptroller of the Currency (OCC) should... View Details

Keywords: by Karen Mills and Brayden McCarthy; Financial Services

06 Oct 2015
First Look

October 6, 2015

European, and especially Eurozone, countries after the economic downturn that began in 2008. In fact, it was possible that both the euro currency union and the European political union depended on increasing migration across member... View Details

Keywords: Sean Silverthorne

December 2010 (Revised March 2011)
Case

The Euro in Crisis: Decision Time at the European Central Bank

By: J. Gunnar Trumbull, Dante Roscini and Diane Choi

This case traces the origins and evolution of the European Central Bank, with attention to its 2010 decision concerning the purchase of Greek sovereign debt. View Details

Keywords: Financial Crisis; Borrowing and Debt; Currency; Central Banking; Financial Management; Sovereign Finance; Policy; Crisis Management; Europe; Greece

02 Jun 2011
What Do You Think?

Is it Time for a National Bankruptcy?

the situation that must be rectified." Kapil Kumar Sopory cited his concern that insolvency would further exacerbate inequality, expressing the fear that "This is going to lead to revolutions in the long run." Tom Dolembo added, "Dissolving a View Details

Keywords: by Jim Heskett

02 May 2008
What Do You Think?

What is the Future of State Capitalism?

the success of currencies in markets in which they invest? Or, alternatively, will the situation take care of itself as a new equilibrium reoccurs when those managing huge pools of money and gigantic corporations succumb to inefficiencies... View Details

Keywords: by Jim Heskett

30 Apr 2001
Research & Ideas

Big Companies, Big Opportunities—Big Questions

regional and local customers. Still, P&G has seen its share of tough times in Latin America. For example, the company had surpassed $1 billion in sales in Mexico in 1993. But after the currency devaluation in 1994, it lost $400... View Details

Keywords: by Julie Jette

Web

Buy Now, Pay Later: Research Links - Secondary Resources

Press, 1945). Clark, Christopher. The Roots of Rural Capitalism: Western Massachusetts, 1780-1860 (Ithaca: Cornell University Press, 1990). Ernst, Joseph Albert. Money and Politics in America, 1755-1775: A Study in the Currency Act of... View Details

May 1999 (Revised December 2003)
Case

European Monetary Union

By: Richard H.K. Vietor and Sabina M. Ciminero

On January 1, 1999, 11 European countries unified their currencies--48 years after their first integrative efforts. This marks a huge development in the structure of Europe and the world's economy. This case examines the integrative process, the Single Europe Act and... View Details

Keywords: Money; Currency; Globalized Economies and Regions; Markets; International Relations; Alliances; System; Integration; Macroeconomics; Business and Government Relations; European Union

11 Sep 2018
First Look

New Research and Ideas, September 11, 2018

its network of food banks. It considers the promises and pitfalls of using market-based allocation in the context of a centralized artificial currency market and evaluates the importance of different design components in making the... View Details

Keywords: Dina Gerdeman

May 2022
Case

From GOP to NFT: Anthony Scaramucci and the Launch of Flatter NFT

By: Lauren Cohen, Richard Ryffel and Grace Headinger

Anthony Scaramucci, Managing Director of SkyBridge Capital, considered whether he should officially greenlight the launch of SkyBridge’s own NFT platform — Flatter NFT. He had led the investment firm to push first into Bitcoin and then Ethereum to make SkyBridge a... View Details

April 2017 (Revised February 2020)
Case

Restructuring Ukraine

By: Kristin Mugford, Seema Amble and Tian Feng

In June 2015, Ukraine found itself struggling with a volatile and devalued currency, dramatically diminished foreign reserves, and a projected financing shortfall of $40 billion. Ukraine’s new government sought to return the nation to stability following political... View Details

Keywords: Exchange Rates; Politics; Macroeconomics; Financial Crisis; Insolvency and Bankruptcy; Restructuring; Economy; Currency Exchange Rate; Banks and Banking; Economic Slowdown and Stagnation; Bonds; Sovereign Finance; Capital Markets; Credit; Debt Securities; Financial Liquidity; Financial Markets; Government and Politics; Ukraine