Publications

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

16 Oct 2010
Working Paper Summaries

A Comparative-Advantage Approach to Government Debt Maturity

Keywords: by Robin Greenwood, Samuel G. Hanson & Jeremy C. Stein

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

Purchase

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

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Other Unpublished Work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

07 Dec 2018
Video

Current Events Through the Lens of Theory: Tesla's Debt Downgraded

October 1985 (Revised September 1986)
Background Note

Long-Term Debt Reporting, Rating, and Analysis

By: David F. Hawkins

Keywords: Borrowing and Debt

December 1985 (Revised January 1986)
Case

Agriculture, Technology, and Debt in Argentina

By: Ray A. Goldberg

Keywords: Agribusiness; Borrowing and Debt; Technology; Agriculture and Agribusiness Industry; Argentina

November 1985
Case

Prentice Stevens, Inc.: Rating Industrial Debt

By: David F. Hawkins

Keywords: Borrowing and Debt; Management; Financial Statements

February 2016
Case

Debt and Democracy: The New York Constitutional Convention of 1846

By: David Moss and Dean Grodzins

On September 23, 1846, delegates to New York State's constitutional convention prepared to vote on a proposal that its principal proponent, Michael Hoffman, conceded would be “a serious change in our form of government.” The proposal would place tight restrictions on... View Details

Keywords: Sovereign Finance; Governance; Laws and Statutes; Government and Politics; History; New York (state, US)

Educators

26 Jul 2022
News

2022's States with the Highest & Lowest Credit-Card Debts

March 2009 (Revised February 2011)
Background Note

Note: Fair Value Accounting for Investments in Debt Securities

By: William E. Fruhan

The note describes how fair value accounting applies to debt securities that are classified by financial institutions as (1) "trading" securities, (2) "available for sale" securities, or (3) "hold to maturity" securities. It explains the hierarchy for inputs used in... View Details

Keywords: Fair Value Accounting; Financial Reporting; Assets; Debt Securities; Investment