Harvard Business Review

FEBRUARY 27, 2015

To be sure, the proposal set forth by the Greek finance minister is less detailed than that of his predecessor, and leaves some room for maneuvering, but this is a mixed blessing, as the EU, the IMF, and the ECB will need to sign off on specifics. So, clemency on loan terms might make procedural sense.

Restructuring 8

Restructuring Policies Crisis Banking 8

Harvard Business Review

JUNE 12, 2012

Just like Ireland, Spain had a credit boom financed mostly with external debt, which meant that the balance sheets of their banks are now stuffed with bad debts as asset values collapse. And yet in the run up to the collapse in 2007, the combined asset footprint of the three main Irish banks was around 400 percent of GDP.

Real Estate 11

Real Estate Banking Construction Politics 11

Harvard Business Review

APRIL 18, 2012

Earlier this week, on April 16, the US nominee Jim Yong Kim was selected over Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo. More radically, they could agree to restructure global economic institutions or change the agenda of existing institutions.

Globalization 11

Globalization Banking Restructuring Politics 11

Harvard Business Review

MAY 1, 2017

times global GDP) to more than $600 trillion (9.5 times global GDP). Our models suggest that by 2025 global financial capital could easily surpass a quadrillion dollars, more than 10 times global GDP. So, in real terms, debt financing is essentially free. And capital continues to expand.

ROE 12

ROE Long-term GDP Six Sigma 12