Publications

December 1983 (Revised March 1999)
Case

The United States Financial Crisis of 1931

The behavior of the Federal Reserve System during the early years of the Great Depression has been a topic of considerable controversy. The Fed, it has been argued, pursued a contracting policy, thereby helping to turn what might have been only a brief recession into... View Details

Keywords: Government and Politics; Financial Crisis; United States

14 Sep 2018
News

Lessons Learned 10 Years After the Financial Crisis

Hank Paulson (MBA 1970) (Yahoo Finance Video) Hank Paulson (MBA 1970) (Yahoo Finance Video) Former Treasury Secretary Hank Paulson (MBA 1970) sat down recently with former Federal Reserve Chairman Ben Bernanke and fellow Treasury Secretary Tim Geithner to discuss the... View Details

16 Nov 2018
News

HBS Conference Marks 10th Anniversary of 2008 Global Financial Crisis

February 2022 (Revised January 2024)
Case

The Crisis with Two Names: The 1997 Asian Financial Crisis - The IMF Crisis (아이엠에프 위기)

By: Jaya Y. Wen

May 2022 (Revised May 2022)
Teaching Note

The Crisis with Two Names: The 1997 Asian Financial Crisis - The IMF Crisis (아이엠에프 위기)

By: Jaya Y. Wen

Teaching Note for HBS Case No. 722-041. View Details

March 2015
Teaching Plan

Goldman Sachs: Anchoring Standards after the Financial Crisis

By: Rajiv Lal and Lisa Mazzanti

Keywords: Reputation; Financial Crisis; Financial Services Industry

April 1998 (Revised January 2005)
Case

Bahtulism, Collapse, Resurrection? Financial Crisis in Asia: 1997-1998

By: Huw Pill and Donald H. Mathis

Describes, in detail, events precipitating crises. Provides both conventional and new explanations of crises. Presents a chronology of crises as the events unfold, and a brief summary of four particular countries (Malaysia, Indonesia, South Korea, Thailand) and their... View Details

Keywords: Financial Crisis; Crisis Management; International Finance; Development Economics; Thailand; Malaysia; South Korea; Indonesia

17 May 2009
News

Business Schools Mull Over Blame In Financial Crisis

February – March 2010
Article

Lessons from the Crisis about Governing Financial Institutions

By: Jay W. Lorsch

Keywords: Learning; Governance; Financial Institutions

Find at Harvard

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June 2011
Case

Fighting a Dangerous Financial Fire: The Federal Response to the Crisis of 2007-2009

By: David Moss and Cole Bolton

By the summer of 2009, many observers concluded that a catastrophic financial collapse- which seemed all but imminent the previous fall and winter - had been averted. Although the recession had still yet to be declared over and the economy's footing remained far from... View Details

Keywords: Business Cycles; Economic Slowdown and Stagnation; Financial Crisis; Financial Institutions; Financial Markets; Financial Strategy; Policy; Knowledge Acquisition

2013
Chapter

Monetary Policy Frameworks after the Great Financial Crisis

By: Huw Pill and Frank Smets

30 Oct 2013
Conference Presentation

Corporate Governance and the Financial Crisis in Italy

By: Dante Roscini

05 Dec 2016
News

What Trump Didn't Learn From the Financial Crisis

March 2015
Teaching Note

Gerry Pasciucco at AIG Financial Products

By: Gautam Mukunda and Thomas J. DeLong

Keywords: Accountability; Business ＆ Government Relations; Business Ethics; Codes Of Business Ethics; Crisis Management; Cross Functional Management; Cross Functional Teams; Financial Audits; Financial Crisis; Management; Teams; United States

June 12, 2017
Article

Corporate Balance Sheets in Emerging Markets: A Comparison of the Global Crisis and the Asian Financial Crisis

By: Laura Alfaro, Gonzalo Asis, Anusha Chari and Ugo Panizza

Leverage levels in emerging market firms rose dramatically in the aftermath of the Global Crisis. This column examines whether concerns of a repeat of the Asian financial crisis, which was largely attributed to corporate financial roots, are justified. While firm... View Details

Keywords: Financial Crisis; Emerging Markets; System Shocks

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July 2012
Case

New Century Financial Corporation (Abridged)

By: Krishna G. Palepu, Suraj Srinivasan and Ian Cornell

After years of rapid growth and stock price appreciation, New Century Financial Corporation, one of the largest subprime loan originators in the U.S., reported accounting problems in early 2007. The resulting liquidity crisis forced the company to file for Chapter 11... View Details

Keywords: Audit Committees; Financial Management; Control Systems; Securities; Loan Evaluation; Accounting; Value; Financial Services Industry; United States