Publications

August 2007
Teaching Note

Creditor Activism in Sovereign Debt: "Vulture" Tactics or Market Backbone (TN)

By: Laura Alfaro and Ingrid Vogel

Teaching Note to 706057. View Details

Keywords: Borrowing and Debt; Financing and Loans; Bonds; Contracts; Investment Activism

May 2007
Article

Capital Flows and Capital Goods

By: Laura Alfaro and Eliza Hammel

Studying the relation between equity market liberalization and imports of capital goods, we examine one channel through which international financial integration can promote growth. For the period 1980–1997, we find that after controlling for other policies and... View Details

Keywords: Cash Flow; Equity; Financial Markets; Economy; Distribution Channels; Machinery and Machining; Capital

2004
Working Paper

Multinationals and Linkages: An Empirical Investigation

By: Laura Alfaro and Andrés Rodríguez-Clare

17 Jul 2012
First Look

First Look: July 17

identified and classified in terms of specifying, allocating, and utilizing capacity. The first two categories reflect challenges faced by infrastructure providers; the last category, challenges faced by... View Details

Keywords: Sean Silverthorne

18 Dec 2018
First Look

New Research and Ideas, December 18, 2018

Mitigating Malicious Envy: Why Successful Individuals Should Reveal Their Failures By: Brooks, Alison Wood, Karen Huang, Nicole Abi-Esber, Ryan W. Buell, Laura Huang, and Brian Hall Abstract—People often feel malicious envy, a destructive... View Details

Keywords: Dina Gerdeman

March 2020
Article

Gender Differences in Communicative Abstraction

By: Priyanka D. Joshi, Cheryl J. Wakslak, Gil Appel and Laura Huang

Drawing on construal level theory, which suggests that experiencing a communicative audience as proximal rather than distal leads speakers to frame messages more concretely, we examine gender difference in linguistic abstraction. In a meta-analysis of prior studies... View Details

Keywords: Construal Level Theory; Psychological Distance; Gender; Communication; Leadership

July 2022
Background Note

FIELD Immersion 2022: Lawrence, Massachusetts

By: Laura Alfaro and Tom Quinn

Article

Undisclosed Debt Sustainability

By: Laura Alfaro and Fabio Kanczuk

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

Keywords: Paris Club; Transparency; Sovereign Finance; Borrowing and Debt; International Finance

October 2021 (Revised February 2024)
Case

Deficits and Debt: The U.S. Current Account

By: Laura Alfaro and Richard Vietor

February 2018
Case

Lisbon Revisited

By: Laura Alfaro and Haviland Sheldahl-Thomason

December 2016 (Revised January 2017)
Supplement

Colombia: the National System for Competitiveness and Innovation

By: Laura Alfaro and Haviland Sheldahl-Thomason

August 2012
Article

Surviving the Global Financial Crisis: Foreign Ownership and Establishment Performance

By: Laura Alfaro and Maggie Chen

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

Keywords: Globalization; Financial Crisis; Multinational Firms and Management; Analytics and Data Science; Business Subsidiaries; Production; Finance; Performance; Ownership

March 2010 (Revised May 2013)
Supplement

Foreign Direct Investment and Ireland's Tiger Economy (B)

By: Laura Alfaro and Matthew Johnson

Keywords: Foreign Direct Investment; Northern Ireland

March 2009 (Revised May 2013)
Supplement

Kinyuseisaku: Monetary Policy in Japan (B)

By: Laura Alfaro and Akiko Kanno

Toshihiko Fukui, Governor of the Bank of Japan, faced a complex situation in the fall of 2007. An economic recovery had allowed the central bank to abandon its zero interest rate policy, which had been in place for years, and raise rates to 0.5%. The Bank of Japan was... View Details

Keywords: Inflation and Deflation; Money; Central Banking; Interest Rates; Policy; Japan

November 2006 (Revised May 2007)
Background Note

International Capital Markets and Sovereign Debt: Crisis Avoidance and Resolution

By: Laura Alfaro and Ingrid Vogel

Successive economic crises of the 1990s and early 2000s intensified focus on reform of the "international financial architecture." Because many of these crises involved defaults on sovereign bonds, an important component of the discussion revolved around the... View Details

Keywords: Capital; Markets; Sovereign Finance; Conflict and Resolution; Financial Crisis

October 2002 (Revised March 2009)
Background Note

Foreign Direct Investment

By: Laura Alfaro and Esteban Clavell

Briefly reviews motivations and trends behind foreign direct investment and multinational corporations as well as the policy debate that surrounds them. View Details

Keywords: International Finance; Foreign Direct Investment; Multinational Firms and Management; Policy; Business and Government Relations

2006
Working Paper

Optimal Reserve Management and Sovereign Debt

By: Laura Alfaro and Fabio Kanczuk

2005
Working Paper

Debt Maturity: Is Long-Term Debt Optimal?

By: Laura Alfaro and Fabio Kanczuk