Publications

October 2012
Supplement

Winfield Refuse Management, Inc.: Raising Debt vs. Equity, Spreadsheet for Students (Brief Case) (CW)

By: W. Carl Kester and Sunru Yong

Keywords: United States; Acquisitions; Equity Capital; Debt Management; Financial Analysis; Administrative/Support/Waste Management/Remediation Services; Expansion; Capital Structure; Leveraged Buyouts; Borrowing and Debt; Equity; United States

Research Summary

Optimal Reserve Management and Sovereign Debt (with Fabio Kanczuk)

By: Laura Alfaro

Most models currently used to determine optimal foreign reserve holdings take the level of international debt as given. Some of the implications of this analysis, however, may not be generalized once one considers the joint decision to hold debt and reserves by a... View Details

27 Apr 2009
News

Harrah's Gets Some Debt Relief

01 Aug 2011
News

Reactions to the Debt Deal

May 2005 (Revised December 2005)
Case

Nexgen: Structuring Collateralized Debt Obligations (CDOs)

A client asks Luc Giraud, CEO of the structured finance solutions provider Nexgen Financial Solutions, to put together a solution that allows the client to add AAA-rated bonds to its portfolio. The client cannot find suitably priced top-rated bonds in the market and... View Details

Keywords: Credit Derivatives and Swaps; Risk and Uncertainty; Debt Securities; Bonds; Financial Services Industry

Educators

July 19, 2011
Article

A Debt Plan Republicans Can Support

By: Robert C. Pozen

Keywords: Borrowing and Debt; Government and Politics

March 2006
Teaching Note

Redesigning Sovereign Debt Restructuring Mechanisms (TN)

By: Mihir A. Desai and Kathleen Luchs

Keywords: Sovereign Finance; Borrowing and Debt

09 Mar 2012
News

Rome Looks to Italian Families to Fund Its Debt

08 Aug 2011
News

HBS Faculty on Downgrading US Debt

November 2003
Article

The Maturity of Debt Issues and Predictable Variation in Bond Returns

By: Malcolm Baker, Robin Greenwood and Jeffrey Wurgler

The maturity of new debt issues predicts excess bond returns. When the share of long-term debt issues in total debt issues is high, future excess bond returns are low. This predictive power comes in two parts. First, inflation, the real short-term rate, and the term... View Details

Keywords: Borrowing and Debt; Bonds; Investment Return; Financial Markets; Forecasting and Prediction

2015
Chapter

The Optimal Maturity of Government Debt

By: Robin Greenwood, Samuel Gregory Hanson, Joshua S. Rudolph and Lawrence Summers

2010
Chapter

Managing Technical Debt in Software-Reliant Systems

By: Alan MacCormack, N. Brown, Y. Cai, Y. Guo, R. Kazman, M. Kim, P. Kruchten, E. Lim, R. Nord, I. Ozkaya, R. Sangwan, C. Seaman, K. Sullivan and N. Zazworka

March 1996 (Revised June 1998)
Case

Debt Restructuring Under the Brady Plan

By: Huw Pill and Courtenay Sprague

19 Apr 2024
News

We’re Paying off Medical Debt Wrong

Spring 2015
Article

Sovereign Debt Restructuring: Evaluating the Impact of the Argentina Ruling

By: Laura Alfaro

Recent rulings in the ongoing litigation over the pari passu clause in Argentinian sovereign debt instruments have generated considerable controversy. Some official-sector participants and academic articles have suggested that the rulings will disrupt or impede... View Details

October 2015
Article

Debt Literacy, Financial Experiences, and Overindebtedness

By: Annamaria Lusardi and Peter Tufano

2002
Other Unpublished Work

The Maturity of Debt Issues and Predictable Variation in Bond Returns

By: Malcolm Baker, Robin Greenwood and Jeffrey Wurgler

The maturity of new debt issues predicts excess bond returns. When the share of long term debt issues in total debt issues is high, future excess bond returns are low. This predictive power comes in two parts. First, inflation, the real short-term rate, and the term... View Details

Keywords: Borrowing and Debt; Bonds; Investment Return; Financial Markets; Forecasting and Prediction