Sovereign Finance - Publications - Faculty & Research

September 2007
Case

Tetra Pak Argentina

By: Tarun Khanna, Krishna G. Palepu and Gustavo A. Herrero

Deals with the hands-on management of a difficult situation facing the subsidiary of a multinational corporation (Tetra Pak) in a developing country (Argentina). The situation arises from a major economic, social, and institutional breakdown that jeopardizes the... View Details

Keywords: Developing Countries and Economies; Financial Crisis; Currency Exchange Rate; Sovereign Finance; Multinational Firms and Management; Crisis Management; Business and Government Relations; Argentina

Citation

Educators

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Program

Investment Management Workshop

with a diverse group of peers who can provide wide-ranging insights into your business challenges and career decisions Download Brochure Who Should Attend Executives in investment management organizations—including hedge fund firms, private equity investing firms,... View Details

September 2004 (Revised April 2005)
Case

U.S. Market Framework for Gasoline, The: Individual Incentives and Societal Goals in Global Markets

By: Bruce R. Scott and Edward Murphy

Traces the role of gasoline taxes in financing U.S. highways and the use of regulations to increase fuel economy to show how and why the U.S. market framework for gasoline is so different from that in Europe. Focuses on whether the U.S. tax should be raised, as... View Details

Keywords: Taxation; Governing Rules, Regulations, and Reforms; Energy Sources; Digital Platforms; Sovereign Finance; Growth and Development Strategy; United States; Europe

Citation

Educators

August 2015
Article

Dollar Funding and the Lending Behavior of Global Banks

By: Victoria Ivashina, David S. Scharfstein and Jeremy C. Stein

A large share of dollar-denominated lending is done by non-U.S. banks, particularly European banks. We present a model in which such banks cut dollar lending more than euro lending in response to a shock to their credit quality. Because these banks rely on wholesale... View Details

Keywords: Banks; Global Banks; Credit Supply; Dollar Funding; International Finance; Banks and Banking; Banking Industry

22 Apr 2014
First Look

First Look: April 22

marketing pitch made to study participants by our project staff. Publisher's link: http://www.people.hbs.edu/nashraf/aamy_SavingsinTransnationalHouseholds.pdf August 2013 Journal of Finance Incentivizing Calculated Risk-Taking: Evidence... View Details

Keywords: Sean Silverthorne

17 Mar 2009
First Look

First Look: March 17, 2009

industry players such as the major oil companies? Should he try raising money from the managers of the sovereign funds in countries such as Singapore, Kuwait, and China? How should the firm work with its strategic partners? Khosla knew... View Details

Keywords: Martha Lagace

10 Dec 2012
Working Paper Summaries

Vulnerable Banks

Keywords: by Robin Greenwood, Augustin Landier & David Thesmar; Banking; Financial Services

01 Mar 2024
News

In Harmony

States from Seoul at age 12 and returns to his home country in his late 20s, MBA in hand, to help underwrite the sovereign bond offering that will save South Korea from financial ruin. It’s a novel of many elements, somehow managing to... View Details

Keywords: Julia Hanna; photographs by Jun Michael Park; private equity; fiction; financial crisis; leadership; Korea

Web

Topics - HBS Working Knowledge

Situation or Environment (9) Small Business (22) Social Enterprise (137) Social Entrepreneurship (24) Social Issues (75) Social Marketing (34) Social Psychology (589) Social and Collaborative Networks (38) Society (281) Software (21) View Details

09 Nov 2023
News

From the Brink

Antonio Weiss (MBA 1994), Adam Chepenik (MBA 2010), Sebastián Negrón-Reichard (JD/MBA 2024) As the senior top official in the US Treasury Department on domestic finance issues, Antonio Weiss (MBA 1994) could see Puerto Rico’s financial meltdown coming, like watching a... View Details

Keywords: Ralph Ranalli

14 Dec 2010
First Look

First Look: Dec. 14

Download the paper: http://www.hbs.edu/research/pdf/11-054.pdf Diversification Create Value in the Presence of External Financing Constraints? Evidence from the 2007-2009 Financial Crisis Authors:Venkat Kuppuswamy and Belén Villalonga... View Details

Keywords: Sean Silverthorne

11 Mar 2024
News

In Harmony

Subscribe on iTunes Subscribe on Spotify More Skydeck episodes Hi, my name is Julia Hanna; I’m an associate editor at the HBS Alumni Bulletin. Last November I flew to Seoul, South Korea to interview Michael Kim (MBA 1990) of MBK Partners. Often referred to as one of... View Details

Keywords: Julia Hanna; photograph by Jun Michael Park

Web

Research - Private Capital Project

only to institutional investors like pension funds, endowments, sovereign wealth funds, and large family... October 2024 Case Continuation Fund Dilemma By: Victoria Ivashina and Srimayi Mylavarapu 2024 Working Paper Bank Runs and Interest... View Details

04 Jun 2013
First Look

First Look: June 4

regressions should be complemented by realized-returns regressions. Download working paper: http://ssrn.com/abstract=1967706 Cases & Course Materials Harvard Business School Case 713-074 Currency Wars In February 2013, the G-20 View Details

Keywords: Sean Silverthorne

30 Aug 2004
Research & Ideas

Real Estate: The Most Imperfect Asset

Finance II, students learn about the Rule of One Price, or why two people do not always pay the same. Students learn what professor Peter Tufano calls the "Matrix of Imperfections" in the capital markets, such as transaction... View Details

Keywords: by Sarah Jane Johnston; Construction; Real Estate

02 Oct 2017
What Do You Think?

Do Bitcoin and Digital Currency Have a Future?

specific use of the asset class when he observed that a possible use of Bitcoin could be “hedge funds betting on sovereign debt defaults.” Charles Sabatier III added that Bitcoin is the most secure financial network in the world. “The... View Details

Keywords: by James L. Heskett; Financial Services

01 Jun 2008
News

America the Difficult

Last year, foreign investors set new records for their acquisition activity in the United States. And 2008 began with nearly daily stories of American financial executives courting foreign direct investors, particularly sovereign wealth... View Details

Keywords: Mihir A. Desai; foreign investors; Finance

01 Jun 2008
News

Alfaro Named Young Global Leader

HBS associate professor Laura Alfaro, an expert on international capital flows, foreign direct investment, and sovereign debt, has been named a Young Global Leader 2008 by the World Economic Forum. The honor recognizes the top 200 to 300... View Details

Keywords: Finance; Finance

01 Mar 2009
News

Buddy, Can You Spare a Trillion

Beijing is America’s largest foreign creditor. But how long will the Chinese continue to finance U.S. deficit spending? Illustration by Stuart Bradford In his new book, The Ascent of Money: A Financial History of the World, HBS professor... View Details

Keywords: Finance; Finance; Finance