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Publications

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Filter Results: (27) Arrow Down Arrow Up

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  • All HBS Web  (27)
    • News  (1)
    • Research  (10)
    • Multimedia  (2)
  • Faculty Publications  (8)

Show Results For

  • All HBS Web  (27)
    • News  (1)
    • Research  (10)
    • Multimedia  (2)
  • Faculty Publications  (8)
Page 1 of 27 Results →
  • January 1988 (Revised March 1988)
  • Case

MBS Textbook Exchange

Citation
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Vitale, Michael R. "MBS Textbook Exchange." Harvard Business School Case 188-028, January 1988. (Revised March 1988.)
  • May 2020
  • Article

How Quantitative Easing Works: Evidence on the Refinancing Channel

By: Marco Di Maggio, Amir Kermani and Christopher Palmer
We document the transmission of large-scale asset purchases by the Federal Reserve to the real economy using rich borrower-linked mortgage-market data and an identification strategy based on mortgage market segmentation. We find that central bank QE1 MBS purchases... View Details
Keywords: Monetary Policy; MBS; Quantitative Easing; LSAP; Refinancing; Deleveraging; HARP; GSE; Central Banking; Global Range; Financing and Loans; Credit; United States
Citation
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Di Maggio, Marco, Amir Kermani, and Christopher Palmer. "How Quantitative Easing Works: Evidence on the Refinancing Channel." Review of Economic Studies 87, no. 3 (May 2020): 1498–1528.
  • Video

Mohammed Al Barwani

Mohammed Al Barwani, founder of Oman-based diversified group MB Holding Company, discusses the diversification of his group into the yacht industry. 

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  • August 2014
  • Article

Mortgage Convexity

By: Samuel G. Hanson
Most home mortgages in the United States are fixed-rate loans with an embedded prepayment option. When long-term rates decline, the effective duration of mortgage-backed securities (MBS) falls due to heightened refinancing expectations. I show that these changes in MBS... View Details
Keywords: Mortgages; Interest Rates; Volatility
Citation
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Hanson, Samuel G. "Mortgage Convexity." Journal of Financial Economics 113, no. 2 (August 2014): 270–299. (Internet Appendix Here.)
  • Video

Mohammed Al Barwani

  • 14 Jan 2019
  • Video

Al Barwani_Mohamed

  • 31 Oct 2019
  • Video

Mohammed Al Barwani

Mohammed Al Barwani, founder of the Oman-based diversified group MB Holding Company, discusses the origins of his group's growth beyond Oman. 

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  • Video

Mohammed Al Barwani

Mohammed Al Barwani, founder of the Oman-based diversified group MB Holding Company, shares his advice to young entrepreneurs starting a business, including the need for simplicity. 
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  • Video

Mohammed Al Barwani

Mohammed Al Barwani, founder of the Oman-based diversified group MB Holding Company, discusses the diversification of his oil production and services companies into other industries ranging from biotechnology... View Details

    Market Power in Mortgage Lending and the Transmission of Monetary Policy

    We present evidence that high concentration in mortgage lending reduces the sensitivity of mortgage rates and refinancing activity to mortgage-backed security (MBS) yields. We isolate the direct effect of concentration and rule out alternative explanations in two ways.... View Details
    • 2011
    • Chapter

    The Economics of Housing Finance Reform

    By: David S. Scharfstein and Adi Sunderam
    This paper analyzes the two leading types of proposals for reform of the housing finance system: (i) broad-based, explicit, priced government guarantees of mortgage-backed securities (MBS) and (ii) privatization. Both proposals have drawbacks. Properly-priced... View Details
    Keywords: Economics; Housing; Governing Rules, Regulations, and Reforms; Policy; Government and Politics
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    Scharfstein, David S., and Adi Sunderam. "The Economics of Housing Finance Reform." In The Future of Housing Finance: Restructuring the U.S. Residential Mortgage Market, edited by Martin Neil Baily. Brookings Institution Press, 2011.
    • 2015
    • Mimeo

    Market Power in Mortgage Lending and the Transmission of Monetary Policy

    By: David S. Scharfstein and Adi Sunderam
    We present evidence that high concentration in mortgage lending reduces the sensitivity of mortgage rates and refinancing activity to mortgage-backed security (MBS) yields. We isolate the direct effect of concentration and rule out alternative explanations in two ways.... View Details
    Keywords: Mortgage Lending; Market Power; Monetary Policy Transmission; Mortgages; Banking Industry; United States
    Citation
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    Scharfstein, David S., and Adi Sunderam. "Market Power in Mortgage Lending and the Transmission of Monetary Policy." April 2015. Mimeo.
    • Spring 2024
    • Article

    The Evolution of Banking in the 21st Century: Evidence and Regulatory Implications

    By: Samuel Gregory Hanson, Victoria Ivashina, Laura Nicolae, Jeremy C. Stein, Adi Sunderam and Daniel K. Tarullo
    As revealed by the failures of three regional banks in the spring of 2023, bank runs are not a thing of the past. To inform the ongoing discussion of the appropriate regulatory response, we examine trends in the banking industry over the last twenty-five years. On the... View Details
    Keywords: Financial Instruments; Financial Crisis; Assets; Governing Rules, Regulations, and Reforms; Financial Condition; Banking Industry
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    Hanson, Samuel Gregory, Victoria Ivashina, Laura Nicolae, Jeremy C. Stein, Adi Sunderam, and Daniel K. Tarullo. "The Evolution of Banking in the 21st Century: Evidence and Regulatory Implications." Brookings Papers on Economic Activity (Spring 2024): 343–389.
    • Web

    Creating Emerging Markets

    President, Indian Dairy Association; Former Managing Director, GCMMF (Amul) Nigeria Omobola Johnson Senior Partner, TLcom Capital; Former Minister of Communication Technology, Nigeria (2011-15) Oman Mohammed Al Barwani Founder and Chairman, View Details
    • 01 Nov 2021
    • What Do You Think?

    How Long Does It Take to Improve an Organization’s Culture?

    their core values if they want these good leadership characteristics to be part of their culture.” MB added, “Empathy requires a complete culture shift, which doesn’t happen overnight, and it requires commitment from the top If the... View Details
    Keywords: by James Heskett
    • Web

    Finance - Faculty & Research

    in MBS duration function as large-scale shocks to the quantity of interest rate risk that must be borne by professional bond investors. I develop a simple model in which the risk tolerance of bond investors is limited in the short run, so... View Details
    • Web

    Interviews - Creating Emerging Markets

    inglés. Oman Mohammed Al Barwani Founder and Chairman, MB Holding Company (Oil; Gas; Mining Exploration; Diversified) “If you can invest in brands internationally, and especially brands which are exclusive, there’s always a market and... View Details
    • Web

    Behavioral Finance & Financial Stability

    find that central bank QE1 MBS purchases substantially increased refinancing activity, reduced interest payments for refinancing households, led to a boom in equity extraction, and increased aggregate consumption. Also, the transmission... View Details
    • Web

    Bankruptcy | Baker Library | Bloomberg Center | Harvard Business School

    Moody’s, or Fitch. [17] MBSs and CDOs are sold to investors all over the world, including pension funds, insurance companies, mutual funds, hedge funds, and other investment banks. [18] Investors can hedge their CDO or MBS exposure... View Details
    • Web

    Monitoring CPU usage of your jobs on the HBSGrid - Research Computing Services

    machine (replace EXEC_HOST with the actual machine name, e.g rhrcsnod05 ) bsub -q interactive -Is -W 24:00 -R "rusage[mem=1000]" -m EXEC_HOST /bin/bash (This command gets a bash shell on the named machine with 1 core for 24 hrs with 1000 View Details
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