by Laura Alfaro - Publications - Faculty & Research

August 19, 2012
Guest Column

April 2003 (Revised February 2008)
Teaching Note

Botswana: A Diamond in the Rough (TN)

By: Laura Alfaro

Teaching Note for (9-703-027). View Details

Keywords: Botswana

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April 2001 (Revised May 2002)
Case

Brazil: Embracing Globalization?

By: Laura Alfaro

In 2001, Brazil stands at a crossroads. The country seems to be emerging from decades of economic stagnation. The economic situation remains tenuous, however, Brazil's leaders must now chart a forward course. Most critically, they must decide whether Brazil's future... View Details

Keywords: Developing Countries and Economies; Development Economics; Economic Slowdown and Stagnation; Cooperation; Globalized Economies and Regions; Cost vs Benefits; Brazil

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29 Aug 2024
News

Liz and the LASH

22 Aug 2024
News

The Real Culprit in Britain’s Bond Meltdown

12 Dec 2023
News

U.S. Companies Are Finding It Hard to Avoid China

02 Oct 2023
News

How China-West Tensions Will Shape Global Markets

26 Sep 2023
News

Mexico and Vietnam’s Role in Global Supply Chain Reshuffle

05 Sep 2023
News

Don Kohn’s Reflections on Jackson Hole 2023

26 Aug 2023
News

Trump, Biden Policies Shifted Trade from China at a Cost, Study Shows

Research Summary

Credit Supply Shocks, Network Effects, and the Real Economy

By: Laura Alfaro

We consider the real effects of bank lending shocks and how they permeate the economy through buyer-supplier linkages. We combine administrative data on all firms in Spain with a matched bank-firm-loan dataset with information on the universe of corporate loans for... View Details

Research Summary

Undisclosed Debt Sustainability

By: Laura Alfaro

Over the past decade, non-Paris Club creditors, notably China, have become an important source of financing for low- and middle-income countries. In contrast with typical sovereign debt, these lending arrangements are not public, and other creditors have no information... View Details

Research Summary

Surviving the Global Financial Crisis: Foreign Ownership and Establishment Performance

By: Laura Alfaro

We examine the differential response of establishments to the recent global financial crisis with particular emphasis on the role of foreign ownership. Using a worldwide establishment panel dataset, we investigate how multinational subsidiaries around the world... View Details

Research Summary

The Global Agglomeration of Multinational Firms

By: Laura Alfaro

The explosion of multinational activities in recent decades is rapidly transforming the global landscape of industrial production. But are the emerging clusters of multinational production the rule or the exception? What drives the offshore agglomeration of... View Details

Research Summary

Why Doesn't Capital Flow from Rich to Poor Countries? An Empirical Investigation (joint with Sebnem Kalemli-Ozcan and Vadym Volosovych)

By: Laura Alfaro

We examine the role of different explanations for the lack of flows of capital from rich to poor countries -- the Lucas paradox -- in an empirical framework. Broadly, the theoretical explanations for this paradox include differences in fundamentals affecting the... View Details

October 2024
Teaching Note

El Salvador: Launching Bitcoin as Legal Tender

By: Laura Alfaro

Teaching Note for HBS Case No. 322-055. In June 2021, Nayib Bukele, El Salvador’s president, surprised the world with the announcement that the country would adopt bitcoin as legal tender, becoming the first nation to do so. Bitcoin was mostly used for trading and had... View Details