Harvard Business Review
JANUARY 9, 2015
Interest rates of zero meant that central banks took to targeting asset prices – stocks and bonds – to boost spending. So one solution suggested by a growing number of economists in Europe is for central banks to “helicopter drop” money , and directly finance private sector spending. This policy is also fairer.
Harvard Business Review
APRIL 17, 2013
I couldn''t help but think back to that as controversy erupted this week over Harvard economists Carmen Reinhart and Kenneth Rogoff''s oft-cited three-year-old finding that economic growth plummets when a country''s debt-to-GDP ratio exceeds 90%. growth in countries with debt/GDP of more than 90%, they came up with 2.2%
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Harvard Business Review
JULY 9, 2012
Yields on sovereign bonds fell immediately following the deal's announcement. For example, the generic yield on Ireland's nine year sovereign bonds fell from 7.1 The total bond stock of Spain and Italy is approaching 3 trillion-with-a-T Euros. And market participants were initially thrilled. in one day, an unprecedented drop.
Harvard Business Review
JUNE 26, 2012
debt was 98% of GDP, its deficit 10% of GDP; Spanish debt was 69% of GDP, its deficit 8.5% Finance Minister Domingo Cavallo (himself a Harvard economics Ph.D.) To cover this deficit, Mexico had to borrow 7% of GDP a year. Even government bonds were yielding some 10% annually in dollars. Why can the U.S.
Harvard Business Review
SEPTEMBER 4, 2013
On the other end of the growth spectrum, analysis of a dataset from 350 micro finance institutions across 70 countries indicated lending to more women was associated with lower write-offs and lower portfolio-at-risk. For instance, recent Dow Jones research on venture-backed companies in the U.S.
Harvard Business Review
AUGUST 23, 2013
and the transfer of business risk from "too big to fail" institutions to taxpayers, leading to a "heads I win, tails you lose" relationship between the finance and the rest of the economy. The financial industry accounts for about 8% of GDP, but about 32% of corporate profits. Recent scrutiny of the U.S. Here also there are two issues.
Harvard Business Review
JANUARY 11, 2016
In traditional financing models, it’s just not possible for investors to see their way to a financial return based on some abstract added value of the integrated whole. This is where a new financial product, social impact bonds (also known as pay-for-success contracts), can play a role. Insight Center. Innovation in Cities.
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