Publications

15 Aug 2006
First Look

First Look: August 15, 2006

Working PapersOptimal Reserve Management and Sovereign Debt Authors:Laura Alfaro and Fabio Kanczuk Abstract Most models currently used to determine optimal foreign reserve... View Details

Keywords: Sean Silverthorne

15 May 2007
First Look

First Look: May 15, 2007

http://www.hbs.edu/research/pdf/07-078.pdf Cases & Course MaterialsAid, Debt Relief, and Trade: An Agenda for Fighting World Poverty (A) Harvard Business School Case 707-029 At the 2005 Group of Eight... View Details

Keywords: Martha Lagace

December 1998 (Revised May 1999)
Case

Flagstar Companies, Inc.

By: Stuart C. Gilson and Jeremy Cott

A large restaurant chain undergoes a leveraged buyout and subsequent recapitalization. Financial and operating problems at the company force it to consider various restructuring options, including a "prepackaged" Chapter 11 exchange offer to its public bondholders. A... View Details

Keywords: Leveraged Buyouts; Restructuring; Capital; Insolvency and Bankruptcy; Debt Securities; Financial Services Industry; United States

08 Oct 2012
Research & Ideas

The Immigrants Who Built America’s Financial System

As today's fiscal deficit and dragging economy continue to cast long shadows, it's easy to forget much darker times in American history. Shortly after winning its independence from Great Britain, the United States was bankrupt. Individual... View Details

Keywords: by Julia Hanna; Financial Services; Banking

January 1987 (Revised March 1989)
Background Note

Note on the Pricing of Mortgage-Backed Securities

By: Jay O. Light and Jeremy C. Stein

An introduction to mortgage-backed securities, prepayment risk, and their market pricing. View Details

Keywords: Price; Debt Securities; Mortgages; Financial Services Industry

Find at Harvard

28 Aug 2014
Op-Ed

Government Can Do More to Unfreeze Small Business Credit

most SBA lender and borrower fees and temporarily raised the guarantee on its largest loan program to 90 percent. The response was immediate. From February 2009 to September... View Details

Keywords: by Karen Mills; Banking

02 Apr 2015
Research & Ideas

Digital Summit Explores the New Economy

Harvard Business School's Digital Initiative recently gathered students, scholars, and leaders from practice at the 2015 Digital Initiative Summit to "explore the digital transformation of the economy" View Details

21 Dec 2021
Blog Post

Road Work

Camino business is underbanked and informally run, lacking the data footprint that regular cash deposits and a digital bookkeeping system provide. Finally, some of Camino’s View Details

Keywords: banking; LatinX; small businesses; COVID-19; Finance

30 Aug 2016
First Look

August 30, 2016

https://www.hbs.edu/faculty/Pages/item.aspx?num=51574 Fiscal Rules and Sovereign Default By: Alfaro, Laura, and Fabio Kanczuk Abstract—We provide a quantitative analysis of fiscal rules in a standard model of... View Details

Keywords: Carmen Nobel

01 Jul 2013
Research & Ideas

Crowdfunding a Poor Investment?

through the crowd to lesser-known microfinance borrowers in developing countries. Nanda puts most current crowdfunding platforms such as Kickstarter and Indiegogo in the equivalent of the donation or lending... View Details

Keywords: by Michael Blanding; Financial Services

02 Jul 2015
Op-Ed

The Future of the Greek Economy

debt and served as Minister of National Planning and Economic Policy in her native Costa Rica from 2010 to 2012. Europe Needs More Europe The game of brinkmanship that the... View Details

Keywords: by Laura Alfaro, Dante Roscini & George Serafeim; Banking

October 2003 (Revised January 2005)
Case

Shared Decision Making

By: Richard M.J. Bohmer, Karen Sepucha and Laura Feldman

The Foundation for Informed Medical Decision-Making has created an interactive videodisc system that provides patients with customized support regarding medical treatment or screening decisions when they face a choice between two equally effective courses of action.... View Details

Keywords: Decision Choices and Conditions; Borrowing and Debt; Health Care and Treatment; Innovation Strategy; Technological Innovation; Product Marketing; Distribution Channels; Production; Partners and Partnerships; Research and Development; Information Technology

April 2016 (Revised January 2018)
Supplement

Project Deutschland: Unpeeling the Onion of a Distressed Real Estate Portfolio

By: Nori Gerardo Lietz and Ricardo Andrade

Keywords: Real Estate; Germany; Distress Investing; Non-performing Loan; Borrowing and Debt; Capital Structure; Private Equity; Negotiation Deal; Valuation; Real Estate Industry; Financial Services Industry; Germany; Europe

Web

Choosing the Right Student Loan | MBA

to their education through a combination of savings and student loans. Borrowing loans can seem daunting, but if you do it wisely, you can minimize the amount you owe and the... View Details

Person Page

Media

This lists media reports covering my firm dollarDEX Investments or me (or my colleagues), or columns written by me (or my colleagues). There are all... View Details

December 2007
Case

Ruling the Modern Corporation: The Debate over Limited Liability in Massachusetts

By: David A. Moss and Eugene Kintgen

In 1830, Governor Levi Lincoln, Jr. urged the Massachusetts state legislature to introduce a limited liability regime for manufacturing corporations similar to that adopted in neighboring states. At least since 1809, shareholders in the state's manufacturing... View Details

Keywords: Capital; Debt Securities; Legal Liability; Production; Business and Shareholder Relations; Manufacturing Industry; Massachusetts