Publications

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September 2016 (Revised February 2017)
Technical Note

Real Estate in China: A Technical Note for SOHO China

By: Charles F. Wu

A technical note on the state of Chinese commercial real estate and the effects of China's slowing growth. This note was written in conjunction with the case study "SOHO China: Transformation in Progress." View Details

Keywords: China; Real Estate; Commercial Real Estate; Beijing; Shanghai; REIT; Gdp; Economic Growth; Real Estate Industry; Shanghai; Beijing

June 2010 (Revised July 2012)
Supplement

Dubai: Debt, Development, and Crisis (C)

By: Aldo Musacchio, Andrew Christopher Goodman and Claire K. Qureshi

On November 25, 2009, the city state of Dubai stunned markets by announcing that Dubai World, its flagship state holding company, would seek a six month "standstill" on at least $4 billion U.S. dollars of its $26 billion in debt obligations. This case describes Dubai's... View Details

Keywords: Finance; Investment; Emerging Markets; Trade; Insolvency and Bankruptcy; Development Economics; Financial Crisis; State Ownership; Sovereign Finance; Business Strategy; Dubai

09 Feb 2009
Research & Ideas

Uncompromising Leadership in Tough Times

the social institution? How can good leadership strengthen morale as well as the economic side of the organization in times of uncertainty? A: We interviewed the CEOs before... View Details

Keywords: by Martha Lagace

Profile

Kayode Ogunro

and calls with alumni, field-based learning projects, and internships to be invaluable resources and experiences. What are you most looking forward to in your career? In my career I look forward to continuous learning and building a track record View Details

Keywords: Investment Management / Hedge Fund; Venture Capital / Private Equity; Financial Services; Energy / Extractive Minerals; Manufacturing

12 Nov 2019
Working Paper Summaries

Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy

Keywords: by Alberto Cavallo, Gita Gopinath, Brent Neiman, and Jenny Tang

10 Aug 2011
Research & Ideas

HBS Faculty Views on Debt Crisis

blame game engulfed politicians and S&P itself. In the midst of all this angst, four Harvard Business School faculty members offer their views on what went wrong and what needs to be done to right the US ship View Details

Keywords: by Staff

February 1997 (Revised February 2002)
Case

Mexico (A): From Stabilized Development to Debt Crisis

By: Huw Pill

Describes the evolution of the Mexican economy from 1945 to 1982. Describes the import-substituting industrialization strategy pursued in the aftermath of World War II. Discusses briefly why this failed in the late 1960s and then analyzes the change of strategy toward... View Details

Keywords: Economy; History; Borrowing and Debt; Financial Crisis; Macroeconomics; Mexico

June 2002 (Revised October 2002)
Case

Renewing Germany: Kohl's Legacy and Schroder's Dilemma

By: Huw Pill, Michael Linse, Marie-Anne Popp and Ingrid Vogel

The German economy has long been seen as the locomotive of European (and, on occasion, global) growth. Germany appeared to weather the stagflation of the 1970s more successfully than many other economies, and reunification in 1990 appeared to present opportunities for... View Details

Keywords: Macroeconomics; Economy; Policy; Germany

March 1996 (Revised August 1997)
Case

World to Mexico--Get a Grip!

By: Huw Pill and Courtenay Sprague

The views of three prominent international economists on the events leading to, and ensuing from, the Mexican peso crisis of December 1994 to March 1995. View Details

Keywords: Financial Crisis; Macroeconomics; Mexico

Find at Harvard

Article

Stability and Competitive Equilibrium in Matching Markets with Transfers

By: John William Hatfield and Scott Duke Kominers

This note surveys recent work in generalized matching theory, focusing on trading networks with transferable utility. In trading networks with a finite set of contractual opportunities, the substitutability of agents’ preferences is essential for the guaranteed... View Details

Keywords: Matching; Networks; Joint Ventures; Stability; Competitive Equilibrium; Core; Efficiency; Economics; Theory

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05 Sep 2006
Working Paper Summaries

Optimal Reserve Management and Sovereign Debt

Keywords: by Laura Alfaro & Fabio Kanczuk

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

20 Nov 2018
First Look

New Research and Ideas, November 20, 2018

forthcoming Review of Financial Studies Private Equity and Financial Fragility During the Crisis By: Bernstein, Shai, Josh Lerner, and Filippo Mezzanotti Abstract—Do private equity firms contribute to financial fragility during View Details

Keywords: Dina Gerdeman

November 2021 (Revised May 2022)
Case

West Virginia: Finding the Right Path Forward

By: Matthew C. Weinzierl, Christine Keung and Reggie Smith

Once at the center of the American economy, the state of West Virginia had seen decades of decline as its coal industry fell on hard times. With beautiful but challenging topography, a proud but shrinking population, and a new scourge of the opioid epidemic, the... View Details

Keywords: Population Health; Geographic Location; Economic Slowdown and Stagnation; Problems and Challenges; Social Issues; West Virginia

2017
Working Paper

Business History, the Great Divergence and the Great Convergence

By: Geoffrey Jones

This working paper provides a business history perspective on debates about the Great Divergence, the rise of the income gap between the West and the Rest, and the more recent Great Convergence, which has seen a narrowing of that gap. The literature on the timing and... View Details

Keywords: Business History; Economics; History; Wealth and Poverty; Developing Countries and Economies; Economic Growth

SSRN

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05 Dec 2014
Working Paper Summaries

Seesaws and Social Security Benefits Indexing

Keywords: by Matthew Weinzierl

2024
Working Paper

Corporate Debt, Boom-Bust Cycles, and Financial Crises

By: Victoria Ivashina, Sebnem Kalemli-Özcan, Luc Laeven and Karsten Müller

Using a new dataset on sectoral credit exposures covering financial and non-financial sectors in 115 economies over the period 1940–2014, we document the following evidence that corporate debt plays a key role in explaining boom-bust cycles, financial crises, and slow... View Details

Keywords: Financial Crisis; Economic Slowdown and Stagnation; Economic Growth; Economic Sectors; Borrowing and Debt; Credit