Debt Markets - Publications - Faculty & Research

01 Sep 2003
News

Dean Clark Reflects on the School’s Key Initiatives

remarkable. We then work equally hard to make sure the students we want can come to Soldiers Field. The prospect of graduating with high levels of debt can narrow our applicant pool and restrict the career paths of our graduates, so we... View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services

09 Aug 2016
First Look

August 9, 2016

economic activity? This paper exploits the federal preemption of national banks in 2004 from local laws against predatory lending to gauge the effect of the supply of credit on the real economy. Specifically, we exploit the heterogeneity in the View Details

Keywords: Sean Silverthorne

March 2005
Article

Short- and Long-term Demand Curves for Stocks: Theory and Evidence on the Dynamics of Arbitrage

By: Robin Greenwood

I develop a framework to analyze demand curves for multiple risky securities at extended horizons in a setting with limits-to-arbitrage. Following an unexpected change in uninformed investor demand for several assets, I predict returns of each security to be... View Details

Keywords: Limits To Arbitrage; Event Studies; Demand Curves; Portfolio Choice; Framework; Demand and Consumers; Change; Risk and Uncertainty; Debt Securities; Forecasting and Prediction; Stocks; Assets; Investment Portfolio; System Shocks; Price; Japan

Citation

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21 Jul 2010
Research & Ideas

HBS Faculty Debate Financial Reform Legislation

research on financial markets and regulation and who, in many cases, have held leadership positions in the financial sector, think about the bill and its intended (and unintended) consequences? Below, HBS faculty members Robert Steven... View Details

Keywords: by Staff

22 Feb 2011
Research & Ideas

The Most Important Management Trends of the (Still Young) Twenty-First Century

the most fertile area for business research in the next decade. By more deeply understanding human cognition, emotion, motivation, and behavior, managers could tailor products and services to unmet and previously unrecognized needs with exquisite accuracy. They could... View Details

Keywords: by Sean Silverthorne

22 Jul 2014
First Look

First Look: July 22

Working Papers Debt Redemption, Reserve Accumulation, and Exchange-Rate Regimes By: Alfaro, Laura, and Fabio Kanczuk Abstract—Foreign participation in local-currency-bond markets in emerging countries has... View Details

Keywords: Sean Silverthorne

20 Apr 2010
First Look

First Look: April 20

built brands that shaped perceptions of beauty and the business organizations needed to market them. They democratized access to beauty products, once the privilege of elites, but they also defined the gender and ethnic borders of beauty,... View Details

Keywords: Martha Lagace

30 Mar 2010
First Look

First Look: March 30

disproportionately affected by international financial integration. Download the paper: http://www.hbs.edu/research/pdf/07-012.pdf Nominal versus Indexed Debt: A Quantitative Horse Race Authors:Laura Alfaro and Fabio Kanczuk Abstract The main arguments in favor of and... View Details

Keywords: Sean Silverthorne

18 Feb 2014
First Look

First Look: February 18

Frictions in Shadow Banking: Evidence from the Lending Behavior of Money Market Funds By: Chernenko, Sergey, and Adi Sunderam Abstract—We document the consequences of money market fund risk taking during the... View Details

Keywords: Sean Silverthorne

05 Jun 2018
First Look

New Research and Ideas, June 5, 2018

https://www.hbs.edu/faculty/Pages/item.aspx?num=53636 Collusion in Markets with Syndication By: Hatfield, John William, Scott Duke Kominers, Richard Lowery, and Jordan M. Barry Abstract—Many markets, including the View Details

Keywords: Dina Gerdeman

24 Apr 2012
First Look

First Look: April 24

market responsiveness and to improve accountability and morale. Has flattening delivered on its promise to push decisions downward? In this article, I present evidence suggesting that while firms have delayered, flattened firms can... View Details

Keywords: Carmen Nobel

28 Mar 2018
Research & Ideas

Sophisticated Investors May Be Harming Fintech Lending Platforms

Zeng found, is the amount of information available about loan applicants. When platforms share a lot of information about applicants with potential investors—data such as income, debt level, and credit history, and even whether the loan... View Details

Keywords: by Dina Gerdeman; Banking; Financial Services

13 Jul 2010
First Look

First Look: July 13

foreign market share therefore increased five-fold between 1997 and 2007. We construct and analyze a panel of Mexican bank financial data covering this period and find no evidence that foreign entry increases the availability of credit.... View Details

Keywords: Martha Lagace

July 2006
Case

Citigroup: Euro Zone Bond Trading (A)

By: Lynn S. Paine, Christopher Bruner and Aldo Sesia

Describes the development and execution of a bond trading strategy by a London-based team of Citigroup eurozone bond traders. The trades, which involved two of Europe's leading electronic trading platforms, gave rise to a European-wide controversy over the traders'... View Details

Keywords: Debt Securities; Financial Markets; Bonds; Ethics; Values and Beliefs; Decision Making; Lawfulness; Business Strategy; Banking Industry; Financial Services Industry; Europe

Citation

Educators

01 Aug 2017
First Look

First Look at New Research and Ideas, August 1

basis for specifying the responsibilities of business managers. The second is framing the role of business in society by looking to the values realized by the basic building blocks of contemporary economic activity, i.e., markets and... View Details

Keywords: Sean Silverthorne

01 Oct 2001
Research & Ideas

Five Questions for Stuart Gilson

restructuring as the process through which a company radically changes the contractual relationships that exist among its creditors, shareholders, employees, and other stakeholders. The goal of restructuring is to increase the overall View Details

Keywords: by Sean Silverthorne

24 Jul 2013
Op-Ed

Detroit Files for Bankruptcy: HBS Faculty Weigh In

be sure, this is an extraordinary moment in the annals of American municipal finance, with serious near-term implications for municipal bond markets and other underfunded pension systems. Detroit's Chapter 9 bankruptcy case will be... View Details

Keywords: by John Macomber, Robert C. Pozen, Eric D. Werker & Benjamin Kennedy; Auto

11 Dec 2007
First Look

First Look: December 11, 2007

disciplining role of banks and bank debt in the market for corporate control, focusing on takeovers between 1992 and 2005. We find that relationship bank lending intensity and bank client network (the number... View Details

Keywords: Martha Lagace

04 Mar 2014
First Look

First Look: March 4

in Large Markets By: Kojima, Fuhito, Parag A. Pathak, and Alvin E. Roth Abstract—Accommodating couples has been a long-standing issue in the design of centralized labor market clearinghouses for doctors and... View Details

Keywords: Sean Silverthorne