Publications

Web

2018 Financial Risk and Regulation Survey - Behavioral Finance & Financial Stability

under-provision of credit due to excessive regulation. Figure 6 presents the results. Almost 60% of respondents identified political risk as posing a great threat to the financial system, and almost 50% stated that the Federal Reserve's... View Details

01 Jul 2015
Research & Ideas

A Bank That Takes Parmesan as Collateral: The Cheese Stands a Loan

that farmers have access to credit lines. However, it's understandable why lenders might hesitate to grant loans to the cheese producers. Trichakis explains that farms are essentially small- and medium-sized enterprises, helmed by farmers... View Details

Keywords: by Carmen Nobel; Banking; Food & Beverage

23 Jun 2008
Research & Ideas

Innovative Ways to Encourage Personal Savings

award prizes as part of the savings product's return. Rotating Savings and Credit Associations, known as ROSCAs, draw impetus from the spirit of communities and social networks. The varied solutions that Tufano and colleagues have set out... View Details

Keywords: by Martha Lagace; Financial Services

March 2005 (Revised March 2006)
Case

Foreign Exchange Hedging Strategies at General Motors: Competitive Exposures

By: Mihir A. Desai and Mark Veblen

How can a multinational firm analyze and manage currency risks that arise from competitive exposures? General Motors has a substantial competitive exposure to the Japanese yen. Although the risks GM faces from the depreciating yen are widely acknowledged, the company's... View Details

Keywords: Multinational Firms and Management; Currency Exchange Rate; Competition; Credit Derivatives and Swaps; International Finance; Financial Management; Investment Funds; Risk and Uncertainty; Auto Industry

Web

Guidelines for Choosing Resources - Research Computing Services

6397 MB (6.708e+09 bytes) * Memory used by MATLAB: 1094 MB (1.148e+09 bytes) Physical Memory (RAM): 7861 MB (8.243e+09 bytes) * Limited by System Memory (physical + swap file) available. One Mac and Linux, one must run download and run... View Details

19 Mar 2006
Research & Ideas

Unlocking Your Investment Capital

and reversible way to reduce significantly the passive risk to the firm from this mismatch. I believe that the benefits of using credit derivative swaps will dwarf the costs of mistakes. Q: There has been a... View Details

Keywords: by Ann Cullen; Financial Services

June 1995 (Revised May 1996)
Teaching Note

B.F. Goodrich-Rabobank Interest Rate Swap, The TN

By: Andre F. Perold and Wai Lee

Teaching Note for (9-284-080). View Details

Keywords: Credit Derivatives and Swaps; Rubber Industry

02 Feb 2012
Op-Ed

Once a Castle, Home is Now a Debtors’ Prison

era before unemployment soared, the Dow plummeted, and credit default swaps surfaced. In today's jargon, these owners are underwater—they owe more than the value of their... View Details

Keywords: by Nicolas P. Retsinas; Financial Services; Construction; Real Estate

August 1994
Background Note

Derivative Markets: Structure and Risks

Gives a conceptual understanding of derivative products, their applications, and valuation. After a brief treatment of exchange-traded derivatives, explores over-the-counter (OTC) derivatives, emphasizing the market, credit, legal, operational, and other risks... View Details

Keywords: Credit Derivatives and Swaps; Markets

July 1998
Article

New Derivative and Hedging Accounting Standard

By: David F. Hawkins

Keywords: Credit Derivatives and Swaps; Accounting; Standards

Find at Harvard

06 Apr 2010
First Look

First Look: April 6

multiple). Main focus is to assess this as an entrepreneurial venture. Students do not need to be familiar with REITs. Purchase this case:http://cb.hbsp.harvard.edu/cb/product/810102-PDF-ENG Saginaw Parts Co. and the General Motors Corp. View Details

Keywords: Martha Lagace

06 Apr 2021
Working Paper Summaries

Currency Hedging in Emerging Markets: Managing Cash Flow Exposure

Keywords: by Laura Alfaro, Mauricio Calani, and Liliana Varela; Financial Services

04 Aug 2009
First Look

First Look: August 4

GM, it is burdened with large pension and other retiree liabilities that threaten to push it into bankruptcy. Bauer-Martin is considering using various credit derivatives (credit default swaps, credit-linked... View Details

Keywords: Martha Lagace

01 Mar 2009
News

Buddy, Can You Spare a Trillion

produced less than stellar results. There are justifiable fears in Beijing that the worst may be yet to come for Western banks, especially given the unknowable impact of a U.S. recession on outstanding credit View Details

Keywords: Finance; Publishing Industries (except Internet); Information

01 Sep 2016
News

The Big Business of Little Loans

has not had any defaults on $7.2 million in loans—large for a budding market like Singapore. At Austin-based online lending platform Able, founders Evan Baehr and Will Davis (both MBA 2011) have devised their own novel incentive to ensure... View Details

Keywords: Nancy Miller

01 Dec 2009
News

An Action Plan for Economic Recovery

financial products are systemically risky, like credit default swaps. What would you do? My proposal is just the opposite of the Treasury’s. I would put the Fed in charge of risk monitoring because that’s... View Details

Keywords: Roger Thompson; Finance

30 Aug 2016
First Look

August 30, 2016

endogenous two-way feedback between credit market sentiment and credit market outcomes. This feedback arises because investors’ beliefs depend on past defaults, but beliefs also drive future View Details

Keywords: Carmen Nobel

11 Oct 2022
Research & Ideas

Shrinking the Racial Wealth Gap, One Mortgage at a Time

borrowers are defaulting less.” Before recent interest rate hikes, American homeowners had been reaping the benefits of record home prices, cashing out amid a buying frenzy. However, data from the National Association of Realtors showed... View Details

Keywords: by Rachel Layne; Financial Services

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