Publications

June 2011 (Revised August 2011)
Background Note

China and the Yuan-Dollar Exchange Rate

By: Aldo Musacchio

This note explains how the People's Bank of China (PBOC) manages (some say manipulate) the dollar-yuan exchange rate. It discusses briefly the process of sterilization in China and the possible costs for the PBOC. Therefore, the note summarizes some of the main... View Details

Keywords: Currency Exchange Rate; China

March 2006
Module Note

Exchange Rates and Global Markets

By: Mihir A. Desai and Kathleen Luchs

Describes the first module of the International Finance course at Harvard Business School. This introductory module focuses on the concepts and skills that students need throughout a course on international finance: a familiarity with exchange rates and associated... View Details

Keywords: Asset Pricing; Currency Exchange Rate; Globalized Markets and Industries; International Finance; Teaching; Innovation and Invention; Education Industry

1999
Working Paper

On the Formation and Structure of International Exchanges

We investigate the formation and structure of 248 financial exchanges throughout the world. First, we empirically analyze the determinants of exchange formation as well as the impact of exchange formation on the domestic country's economy. Second, conditional on... View Details

Keywords: Financial Markets

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1994
Casebook

International Trade and Competition: Cases and Notes in Strategy and Management

By: B. Gomes-Casseres and D. B. Yoffie

Keywords: Global Strategy; Globalized Firms and Management

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September 2000 (Revised March 2001)
Teaching Note

Korea Stock Exchange 1998 TN

By: Tarun Khanna and Krishna G. Palepu

Teaching Note for (9-199-033). View Details

Keywords: Accounting Industry; Financial Services Industry; South Korea

1986
Other Unpublished Work

Capital Flight, Policy Credibility, and the Option Value of Foreign Exchange

By: K. A. Froot and S. van Wijnbergen

Keywords: Trade Policy; Capital Controls; Liberalization; Currency; International Finance; Capital

Fast Answer

Exchange rates: current & historical

Expand GFDatabase menu (default) Select a country or region, e.g., United States. From the Filter by Series Category menu, select Exchange Rate. Click Search. For trade weighted indices... View Details

March 1997 (Revised May 2000)
Background Note

Bretton Woods System of Exchange Rates, The

By: Louis T. Wells Jr.

Describes the exchange rate system adopted at Bretton Woods in 1994. View Details

Keywords: Trade; Currency Exchange Rate; Government and Politics; Adoption; System

May 2019
Teaching Note

Steinhoff International and the Stock Exchange

By: Anywhere (Siko) Sikochi

Teaching Note for HBS No. 118-066. View Details

August 2008 (Revised May 2009)
Background Note

Note on Trade Secrets and Covenants not to Compete: Comparison of Law in the United States and the European Union

By: Robert C. Pozen and Megan Barbero

This note details the use and treatment of Covenants not to Compete in the United States, United Kingdom and France to compete or trade secrets versus patents as alternative ways to protect a business' intellectual property. View Details

Keywords: Competition; Law; Strategy; Intellectual Property; France; United Kingdom; United States

January 1995
Teaching Note

Environment and International Trade TN

By: Forest L. Reinhardt

Teaching Note for (9-794-018). View Details

August 2022 (Revised August 2022)
Teaching Note

Pershing Square’s Pandemic Trade

By: Emil N. Siriwardane and Luis M. Viceira

Teaching Note for HBS Case Nos. 222-007, 222-008, 222-009, and 222-010. View Details

Fast Answer

Stock, derivative & commodity exchanges

as market capitalization, number of listed companies, trading volume. (Must register for free account to view statistics). World Stock Exchange Fact Book Ref. HG4551 .W67 in the Stamps Reading Room... View Details

Research Summary

The NYSE Trading Floor and Spatial Dependence in Stock Returns

The floor of the New York Stock Exchange (NYSE) is organized by physical posts. Each post has at most thirty panels, and each panel tracks up to thirty stocks. I demonstrate that there is spatial dependence in return correlations. Specifically, returns for... View Details

January 1999 (Revised March 1999)
Background Note

Note on Rules

By: Debora L. Spar

A central document for the Managing International Trade and Investment (MITI) course and its cases. Provides a conceptual framework for the course and a systematic way of analyzing the political circumstances that confront firms engaged in international trade and... View Details

Keywords: Trade; Government and Politics

February 2018
Teaching Note

Going Rogue: Choson Exchange in North Korea

By: Sophus A. Reinert

Teaching Note for HBS No. 717-015. View Details