Credit - Publications - Faculty & Research

16 Aug 2024
In Practice

Election 2024: What's at Stake for Business and the Workplace?

and the International Economy Unit. Elisabeth Kempf: Political views shape economic outlook Political views influence the perception of economic reality among finance professionals. In a study linking credit rating analysts to party... View Details

Keywords: by Rachel Layne

07 Aug 2018
First Look

New Research and Ideas, August 8, 2018

collaborate with on this effort? Can this model be replicated at scale across the country? Purchase this case: https://hbsp.harvard.edu/product/218110-PDF-ENG Harvard Business School Case 518-079 Membership Rewards® from American Express View Details

Keywords: by Sean Silverthorne

October 1994
Background Note

Note on Crude Oil and Crude Oil Derivatives Markets

By: Andre F. Perold, Wai Lee and Kuljot Singh

Briefly describes the crude oil markets and common derivatives contracts written on oil. The contracts are oil forward and futures contracts, and over-the-counter oil price swaps. View Details

Keywords: Non-Renewable Energy; Futures and Commodity Futures; Credit Derivatives and Swaps; Contracts; Energy Industry

Citation

Educators

Purchase

26 Feb 2019
First Look

New Research and Ideas, February 26, 2019

https://www.hbs.edu/faculty/Pages/item.aspx?num=55694 forthcoming Journal of Monetary Economics U.S. Monetary Policy and Emerging Market Credit Cycles By: Bräuning, Falk, and Victoria Ivashina Abstract— Foreign banks’ lending to firms in... View Details

Keywords: Dina Gerdeman

08 Aug 2017
First Look

First Look at Research and Ideas, August 8, 2017

(Yu’e Bao), wealth management (Ant Fortune), digital-only banking (MYbank), credit scoring (Zhima Credit), and consumer credit portal (Ant Credit Pay) among others. After... View Details

Keywords: Sean Silverthorne

20 Mar 2005
Research & Ideas

Lessons of Successful Entrepreneurs

industries that are going through a sea change. He recalled how a two-dollar ATM fee he once paid at an airport spurred him to start his own ATM network featuring out-of-town banks. Other ventures he helped create were a credit card... View Details

Keywords: by Sean Silverthorne

04 Aug 2014
Op-Ed

Why Small-Business Lending Is Not Recovering

Editor's note: This is the second in a series of articles based on a Harvard Business School working paper by Karen Mills that analyzes the current state of availability of bank capital for small business. During the 2008 financial crisis, small businesses were... View Details

Keywords: by Karen Mills; Banking; Financial Services

30 Nov 2016
Op-Ed

Where Could More Regulation Help Small Businesses? Online Lending.

addressable market of $280 billion. That’s music to the ears of small businesses. Indeed, our research shows a sizeable credit gap exists for small businesses, particularly for loans under $100,000, which is the size that over 60 percent... View Details

Keywords: by Karen Mills and Brayden McCarthy; Financial Services

16 Aug 2016
First Look

August 16, 2016

https://www.hbs.edu/faculty/Pages/item.aspx?num=51460 Concentrated Capital Losses and the Pricing of Corporate Credit Risk By: Siriwardane, Emil N. Abstract—Using proprietary data on all credit default swap... View Details

Keywords: Sean Silverthorne

08 Jun 2009
Research & Ideas

The Return of the Salesman

and arranged terms of credit in case the "prospect" wanted to buy. In some cases, like the refrigerator, manufacturers relied on salespeople to introduce a product, but once it was accepted by consumers, they turned to advertising. In... View Details

Keywords: by Sean Silverthorne; Retail

31 Oct 2014
Op-Ed

Ebola’s Call To Arms About Disaster Preparedness

it is self-limiting. It is chiefly a disease of caregivers for that very reason. In that regard, we must give the doctors and nurses on the front lines credit for being willing to take significant risks to help and treat others afflicted... View Details

Keywords: by Gautam Mukunda; Health

23 Apr 2020
Research & Ideas

This Crisis Loan Program Preserved Jobs—and Made Money

Administration (pdf), Congress is set this week to replenish its Paycheck Protection Program with an additional $320 billion to supplement the federally guaranteed loan and credit program that began April 3, but was quickly used up. The... View Details

Keywords: by Rachel Layne; Financial Services

16 Oct 2007
First Look

First Look: October 16, 2007

encourage bankers to loot their banks at the expense of minority shareholders and depositors. We argue that neither looting nor credit misallocation are necessary outcomes of related lending. On the contrary, related lending often exists... View Details

Keywords: Sean Silverthorne

22 Mar 2011
First Look

First Look: March 22

PublicationsForward: The Future of Consumer Credit and Mortgage Finance Authors:Nicolas P. Retsinas and Eric Belsky, eds. Publication:Brookings Institution Press and Joint Center for Housing Studies at Harvard University, 2011 Abstract... View Details

Keywords: Sean Silverthorne

06 Mar 2012
First Look

First Look: March 6

requirements, reorienting the discussion around housing finance reform from keeping mortgage credit cheap to ensuring financial stability, and instituting measures that compel asset managers to compete on the true value of the services... View Details

Keywords: Sean Silverthorne

14 Aug 2007
First Look

First Look: August 14, 2007

learning. Contingent Claims Approach to Measuring and Managing Sovereign Credit Risk Authors:Dale F. Gray, Robert C. Merton, and Zvi Bodie Periodical:Journal of Investment Management (forthcoming) Abstract This paper proposes a new... View Details

Keywords: Martha Lagace

07 Oct 2014
First Look

First Look: October 7

Reserve's Tenth Annual Report of 1923. The three principles I focus on are 1) the discouraging of speculative lending by commercial banks, 2) the desire to meet the credit needs of business, and 3) the preference of a focus on View Details

Keywords: Sean Silverthorne

16 Aug 2006
Research & Ideas

Is MySpace.com Your Space?

revival band that is promoted from a MySpace site, is a case in point. The site is credited for their explosive global growth, yet the commercial exploitation of the social network is welcomed by fans. In true punk style the band claims... View Details

Keywords: by Sean Silverthorne; Advertising; Information; Publishing

February 1994 (Revised July 2008)
Case

Banc One Corporation: Asset and Liability Management

By: Benjamin C. Esty, Peter Tufano and Jon Headley

Banc One's share price has been falling recently due to analyst and investor concern over the bank's heavy use of interest rate derivatives. Dick Lodge, chief investment officer in charge of the bank's investment and derivative portfolio, must recommend to the CEO a... View Details

Keywords: Credit Derivatives and Swaps; Financial Management; Interest Rates; Investment Portfolio; Governance Controls; Risk Management; Banking Industry

Citation

Educators

Purchase

January 2008 (Revised July 2010)
Case

Wal-Mart's Use of Interest Rate Swaps

"Wal-Mart's Use of Interest Rate Swaps" recounts Wal-Mart's use of interest rate swaps to hedge the fair value of its fixed-rate debt against changing interest rates. This case provides students with a foundation for understanding the use of and accounting for more... View Details

Keywords: Fair Value Accounting; Financial Statements; Credit Derivatives and Swaps; Financial Strategy; Interest Rates; Corporate Disclosure

Citation

Educators

Purchase