Publications

September 1987 (Revised November 1992)
Background Note

Note on Transaction and Translation Exposure

By: W. Carl Kester and Richard P. Melnick

Describes the transaction and translation exposures that companies doing business internationally face when foreign exchange rates change. Also discusses how to measure and cover both types of exposure. Covering techniques are demonstrated using examples of forward... View Details

Keywords: Currency Exchange Rate; International Finance

05 Nov 2009
Research & Ideas

A Market for Human Cadavers in All but Name?

securing specimens from a new set of actors in the commerce in cadavers. These actors are legal entrepreneurial ventures that have been operating for more than a decade in the United States; they cater to domestic users and View Details

Keywords: by Michel Anteby; Health

2014
Working Paper

Savings in Transnational Households: A Field Experiment Among Migrants from El Salvador

By: Nava Ashraf, Diego Aycinena, Claudia Martinez A. and Dean Yang

While remittance flows to developing countries are very large, it is unknown whether migrants desire more control over how remittances are used. This research uses a randomized field experiment to investigate the importance of migrant control over the use of... View Details

Keywords: Migration; Remittances; Intrahousehold Allocation; Savings; Immigration; Diasporas; International Finance; El Salvador

1976
Book

Nine Investments Abroad and Their Impact at Home: Case Studies on Multinational Enterprise and the U.S. Economy

By: Robert B. Stobaugh and Robert H. Hayes

Keywords: Multinational Firms and Management; International Finance; United States

July 2002 (Revised December 2002)
Case

Phase Two: The Pharmaceutical Industry Responds to AIDS

By: Debora L. Spar

Describes how major pharmaceutical firms changed their strategy and pricing policies in the years 2000 to 2002 to respond to the growing AIDS epidemic in Africa. View Details

Keywords: International Finance; Health Pandemics; Corporate Social Responsibility and Impact; Pharmaceutical Industry; Africa

26 Aug 2013
Lessons from the Classroom

Built for Global Competition from the Start

trend in global labor markets. In the end, students grapple with a very recent phenomenon for entrepreneurial companies—they may start global for the first phases of development and then consolidate into a single location, the opposite of... View Details

Keywords: by Kim Girard; Education

30 Jan 2017
Research & Ideas

Vanguard, Trian And The Problem With 'Passive' Index Funds

questions about the future of dispersed ownership and the separation between management and ownership,” says Viceira. “The way we answer these questions may literally determine the future of capitalism.” Related Reading: Why Millennials Flock to Fintech for Personal... View Details

Keywords: by Michael Blanding; Financial Services

07 Aug 2019
Research & Ideas

Big Infrastructure May Not Always Produce Big Benefits

billion to upgrade, rehabilitate, and widen the country’s major highways to international standards. The GQ, as the fifth-longest highway in the world, links four of India’s largest cities and many districts in between. "Will View Details

Keywords: by Martha Lagace; Construction

2023
Other Unpublished Work

Urgent: The IMF Must Reform

By: Laura Alfaro, Guillermo Calvo, José de Gregorio, Augusto de la Torre, Roque Fernandez, Pablo Guidotti, Enrique Mendoza, Ernesto Talvi, Liliana Rojas-Suarez and Andrés Velasco

Keywords: Macroeconomics; Emerging Markets; Financial Markets; International Finance; Latin America

20 Mar 2005
Research & Ideas

Lessons of Successful Entrepreneurs

his current stint at General Catalyst, a private equity fund. Filipowski, who founded software maker PLATINUM Technology and sold it to Computer Associates International in 1999 for approximately $4 billion, said one ingredient for his... View Details

Keywords: by Sean Silverthorne

2001
Working Paper

The Law of One Price Over 700 Years

By: K. A. Froot, M. Kim and K. Rogoff

Keywords: Purchasing Power Parity; Commodities; International Finance; Partners and Partnerships; Goods and Commodities

January 1982
Background Note

Exchange Rate Determination and Foreign Exchange Equilibrium Conditions, Study Note

By: Thomas R. Piper

Keywords: Currency Exchange Rate; International Finance

18 Jun 2007
Op-Ed

Leveling the Executive Options Playing Field

appear before you today to discuss the accounting and tax treatment of incentive compensation. I am an associate professor of finance at Harvard Business School and a faculty research fellow of the National Bureau of Economic Research.... View Details

Keywords: by Mihir Desai

2007
Chapter

Capital Flows in a Globalized World: The Role of Policies and Institutions

By: Laura Alfaro, Sebnem Kalemli-Ozcan and Vadym Volosovych.

Keywords: International Finance; Capital; Government and Politics; Policy; Financial Institutions

1999
Chapter

Excess Capital Flows and the Burden of Inflation in Open Economies

By: M. A. Desai and James R. Hines Jr.

Keywords: Capital; International Finance; Inflation and Deflation; Economic Systems

September 2002 (Revised April 2004)
Background Note

A Note on Depositary Receipts

Provides an introduction to depositary receipts. Recently, these instruments have been used with increasing frequency by firms seeking to list their shares on stock exchanges in other countries, especially in the United States. Describes different types of depositary... View Details

Keywords: International Finance; Financial Instruments; Financial Markets

06 Jan 2010
What Do You Think?

Is a Stringent Climate Change Agreement a Pot of Gold?

to lead the way, forcing other countries to act with or without an agreement? And should countries that will benefit most from the entrepreneurial opportunity, as Bharath Krishnan and Ajay Kumar Gupta implied, help View Details

Keywords: by Jim Heskett; Energy; Utilities

1990
Chapter

The Free Lunch in Currency Hedging: Implications for Investment Policy and Performance Standards

By: André Perold and Evan C. Schulman

Keywords: Currency Exchange Rate; International Finance; Investment; Performance