Publications

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April 2020 (Revised July 2020)
Case

Teton Capital Partners, LLC: Free Fallin'

By: Nori Gerardo Lietz

Keywords: Private Equity; Financial Crisis; Real Estate Industry; Banking Industry

August 2010 (Revised January 2012)
Teaching Note

Breaking the Buck (TN)

By: Robert C. Pozen and Elizabeth Leonard

Teaching Note for 310135. View Details

Keywords: Financial Crisis; Problems and Challenges; Financial Markets; Investment Funds; Management

September 1998 (Revised December 1998)
Case

Infinity Carpets, Inc.

By: Ronald W. Moore and Thomas R. Piper

A turnaround expert must determine whether a firm in distress is worth more as a going concern than its liquidation value. If so, the finances of the firm must be restructured in a way consistent with the bargaining power of the holders of the various securities. The... View Details

Keywords: Restructuring; Borrowing and Debt; Financial Liquidity; Crisis Management; Value; Apparel and Accessories Industry

01 Dec 2009
News

An Action Plan for Economic Recovery

POZEN: Offers a plan for overhauling the U.S. financial system to avoid a repeat of the recent market meltdown. Most books about the nation’s financial crisis tell us what... View Details

Keywords: Roger Thompson; Finance

Fast Answer

Sustainability in Energy Industry

financial regulators This report identifies so many important recommendations to address the systemic risk that the climate crisis presents. Global Energy Review 2020 The impacts of the Covid-19 View Details

07 Dec 2015
Research & Ideas

The Rise of Personalized Entrepreneurial Finance and Other VC Trends

such an in-demand course and pursuit for recent MBAs? A: I don’t think there’s an easy answer. Things in society tend to be popular or unpopular at different times, and student enrollments tend to reflect that. There was a lot of interest in structuring View Details

Keywords: Re: Josh Lerner; Financial Services; Financial Services

22 Feb 2022
News

An Rx for Small Business Recovery

Karen Gordon Mills served in President Barack Obama’s cabinet as head of the Small Business Administration (SBA) during the height of the Great Recession. “Back then, I thought small businesses were weathering the worst financial View Details

Keywords: Deborah Blagg

13 Jun 2012
HBS Case

HBS Cases: A Startup Takes On the Credit Ratings Giants

to by assigning overly optimistic ratings to highly complex and opaque mortgage- and asset-backed securities. The high ratings signaled to investors that the financial instruments had little chance of default, but the burst of the... View Details

Keywords: by Maggie Starvish; Financial Services; Financial Services

December 2003 (Revised April 2005)
Case

Birth of Modern Macroeconomic Policy, The: Sweden and the Great Depression

By: Julio J. Rotemberg and Lisa Lewis

By early 1937, a debate over the proper conduct of monetary policy raged in Sweden. Sweden's response to the Great Depression was unique. It had, in particular, embraced a revolutionary goal for monetary policy when it abandoned the gold standard in 1931. View Details

Keywords: History; Money; Policy; Financial Crisis; Macroeconomics; Sweden

Keywords: Roger Thompson; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

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01 Jun 2016
News

Imagine an Economy Without Wall Street

Photography by Bryce Vickmark In a recent opinion piece in the Wall Street Journal, HBS Dean Nitin Nohria made a strong statement in defense of Wall Street and the financial system. Recalling his youth in India, Nohria related the story... View Details

Keywords: Wall Street; Securities, Commodities, and Other Financial Investments; Securities, Commodities, and Other Financial Investments

29 Jan 2010
News

Back to Glass-Steagall?

1999. Bringing back Glass-Steagall, however, is an idea attracting some high-profile congressional advocates, including Republican Senator John McCain and Democratic Senator Maria Cantwell. Writing in the Financial Times, HBS senior... View Details

July 2007 (Revised January 2008)
Case

Andrea Jung: Empowering Avon Women (A)

By: William W. George, Diana Mayer and Andrew N. McLean

In October 2005 Andrea Jung is coping with a 30% decline in Avon's stock price--the biggest test of her leadership since she became CEO in 2000. View Details

Keywords: Leadership; Price; Stocks; Crisis Management; Gender

2005
Article

Thai Firms' Adaptations Following the Asian Economic Crisis: Market Orientation, Innovativeness and Organizational Culture Five Years After

By: Rohit Deshpandé and John U. Farley

Keywords: Business Ventures; Financial Crisis; Markets; Innovation and Invention; Organizational Culture; Thailand

24 Jul 2013
Op-Ed

Detroit Files for Bankruptcy: HBS Faculty Weigh In

fund them in advance, there's trouble ahead. They will soon pay higher interest rates on their municipal bonds and ultimately may face a financial crisis like the current one in Detroit. That's not what the... View Details

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

January 1999 (Revised December 2020)
Case

The U.S. Banking Panic of 1933 and Federal Deposit Insurance

By: Julio J. Rotemberg and Sabina M. Ciminero

After highlighting some key developments in the banking history of the United States, the case illustrates the Banking Panic of 1933 and the way in which Franklin D. Roosevelt dealt with it at the beginning of his presidency. Describes the main components of banking... View Details

Keywords: Government Legislation; Insurance; Crisis Management; Financial Crisis; Banks and Banking; History; Business and Government Relations; Banking Industry; United States

Web

Baker Library Collections | Baker Library | Bloomberg Center | Harvard Business School

Lehman Brothers Timeline Sept-Oct 2008 Video-Coverage of the Financial Crisis Download the Exhibition Catalog (PDF) Lehman Brothers Archives Lehman Brothers Deal Books Search Exhibition Lehman Brothers -... View Details

17 May 2017
Working Paper Summaries

Turbulence, Firm Decentralization and Growth in Bad Times

Keywords: by Philippe Aghion, Nicholas Bloom, Brian Lucking, Raffaella Sadun, and John Van Reenen

August 2011 (Revised October 2014)
Supplement

High Wire Act: Credit Suisse and Contingent Capital (B)

By: Clayton S. Rose and Aldo Sesia

The B case describes the process and terms of the very successful offerings of contingent capital in February 2011, as well as The Basel Committee's preliminary decision not to allow contingent capital to count as Tier 1 equity. View Details

Keywords: Cost vs Benefits; Decisions; Financial Crisis; Finance; Capital; Financial Instruments; Leadership

Article

Survive Another Day: Using Changes in the Composition of Investments to Measure the Cost of Credit Constraints

By: Luis Garicano and Claudia Steinwender

We introduce a novel empirical strategy to measure the size of credit shocks. Theoretically, we show that credit shocks reduce the value of long-term relative to short-term investments. Empirically, we can therefore compare the reduction of long-term relative to... View Details

Keywords: Credit Constraints; Credit Crunch; Spain; Investment Behavior; Credit Squeeze; Financial Crisis; Economic Growth; Investment; Credit; Manufacturing Industry; Spain; European Union