Publications

25 Jan 2010
Research & Ideas

A Macroeconomic View of the Current Economy

there's in fact no alternative to foreigners buying our assets, either debt or equity. As I said, if you're earning $100,000 and you're spending $106,000, you're going to have to borrow or draw down your assets to make up the difference.... View Details

Keywords: by Sean Silverthorne

24 Feb 2022
Op-Ed

Want to Prevent the Next Hospital Bed Crisis? Enlist the SEC

investors. If these results were replicated in health care, in the short term, patients could select hospitals with more adequate surge capacity arrangements and investors in hospital debt and equity would reward them. In the longer run,... View Details

Keywords: by Regina Herzlinger and Richard Boxer; Health

December 2010 (Revised June 2018)
Case

The Pecora Hearings

By: David Moss, Cole Bolton and Eugene Kintgen

In 1932, in the depths of the Great Depression, the Senate Banking Committee began a much-publicized investigation of the nation's financial sector. The hearings, which came to be known as the Pecora hearings after the Banking Committee's lead counsel Ferdinand Pecora,... View Details

Keywords: Financial Crisis; Fairness; Borrowing and Debt; Financial Institutions; Debt Securities; Stocks; Governing Rules, Regulations, and Reforms; Government Legislation; History; Financial Services Industry; United States

15 Dec 2023
News

Exploring Business Opportunities in Africa; Alumni Grapple with Plastic Waste Problem

mission. They bring energy, ideas, they’re hungry for growth, they’re eager and passionate and give you their best.” The downsides, say panelists, include a lack of infrastructure in financing, low debt availability for small and medium... View Details

Keywords: Margie Kelley

29 Nov 2017
Research & Ideas

How to Succeed in Business (According to a 15th Century Trade Merchant)

write-off debt Extending credit was as much a necessity for trade in Cotrugli’s time as it is today, but charging interest was illegal; instead, debts were compensated through commissions or insurance... View Details

Keywords: by Julia Hanna

Web

Sustainable Investing Course | HBS Online

3 Venture, Private Equity, and Sustainable Debt Identify sources of value-add in private impact investing, analyze how managers weigh financial and social returns, and explore different types of sustainable debt. Highlights Private-Market... View Details

Web

Robin Greenwood | About

Economics Research. Robin's research is in behavioral and institutional finance, with a particular focus on "macro-level" market inefficiencies such as stock price bubbles and predictable financial crises. He has also coauthored research on the role of government and... View Details

April 2019 (Revised December 2021)
Case

Sears: The Demise of an American Icon

By: Kristin Mugford and Sarah L. Abbott

In 2019, ESL Investments’ $5.2 billion offer to purchase Sears Holdings out of Chapter 11 bankruptcy, was accepted, despite opposition from the company's unsecured creditors and other parties. ESL, which was led by Eddie Lampert, had acquired a stake in Sears following... View Details

Keywords: Bankruptcy; Reorganization; Bonds; Restructuring; Business Divisions; Transformation; Fairness; Borrowing and Debt; Credit; Insolvency and Bankruptcy; Corporate Governance; Motivation and Incentives; Retail Industry; United States

02 Oct 2017
What Do You Think?

Do Bitcoin and Digital Currency Have a Future?

specific use of the asset class when he observed that a possible use of Bitcoin could be “hedge funds betting on sovereign debt defaults.” Charles Sabatier III added that Bitcoin is the most secure financial network in the world. “The... View Details

Keywords: by James L. Heskett; Financial Services

16 Apr 2020
Research & Ideas

Has COVID-19 Broken the Global Value Chain?

globalization and global value chains. But it does entail paying attention to potential bottlenecks, risk, and diversification of trade partners. Economic policy should also further try to foster local currency debt markets, although this... View Details

Keywords: by Sean Silverthorne

Profile

Sebastian Velasco

pursuing capital, debt management. She took me on business trips to New York City; I got to know what the business world was like." The combination of his mother's influence and their business trips together led to Sebastian's first... View Details

Keywords: Financial Services

September 2010
Case

Angola and the Resource Curse

By: Aldo Musacchio, Eric D. Werker and Jonathan Schlefer

Since emerging from decades of conflict in 2002, Angola has been growing at a scorching double-digit rate, led by its oil industry. But the nation remains beset with seemingly intractable problems: immense inequality, low life expectancy, a non-diversified economy, and... View Details

Keywords: Crime and Corruption; Developing Countries and Economies; Financial Crisis; Borrowing and Debt; Financial Institutions; Globalized Economies and Regions; Policy; Government Administration; Emerging Markets; Natural Environment; Angola

Web

2022 Reunion Presentations - Alumni

Western leadership; the United States’ weakened economy after 2008; post-COVID deficits and debt in Latin America, Africa and Europe; and the conditions of energy and commodity markets post-Ukrainian war. Slides June 10-11 Reunion... View Details

Fast Answer

Bloomberg: government bonds, bills & notes

select 8) U.S.A. for US government debt issues. To find generic bonds select 237) G to get a list of generic bonds. Select a generic bond, e.g., 8) Generic United States 5 Year Government Note for a for a 5 year benchmark note. The full... View Details

20 Oct 2010
Op-Ed

Export Competitiveness: Reversing the Logic

more by intermediate objectives like generating jobs or creating export revenues to cover import costs or serve foreign debt obligations. There is nothing wrong with these objectives but they are neither necessary nor sufficient for... View Details

Keywords: by Christian Ketels

2013
Book

Business Analysis and Valuation: Using Financial Statements, Text and Cases

By: Krishna G. Palepu and Paul M. Healy

This book provides a framework for business analysis and has been used by business schools throughout the world. It provides a foundation for analysis using four key steps: 1) Strategy analysis: Identifying a firm's strategy and understanding sources of its competitive... View Details

Keywords: Governance; Debt Securities; Valuation; Performance Evaluation; Financial Statements; Credit; Business Ventures; Strategy; Financial Condition; Mergers and Acquisitions; Forecasting and Prediction

September 1996 (Revised October 1996)
Case

Clarkson Lumber Company

By: Thomas R. Piper

The owner of a rapidly growing retail lumber company is considering the financial implications of continued rapid growth. The magnitude of the company's future financing requirements must be assessed in the context of the company's access to bank finance and/or equity... View Details

Keywords: Business Growth and Maturation; Financial Reporting; Forecasting and Prediction; Business Strategy; Financial Strategy; Commercial Banking; Borrowing and Debt; Equity; Corporate Finance