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      Cold Call
      A podcast featuring faculty discussing cases they've written and the lessons they impart.
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      • 23 Feb 2021
      • Cold Call Podcast

      Examining Race and Mass Incarceration in the United States

      The late 20th century saw dramatic growth in incarceration rates in the United States. Of the more than 2.3 million people in US prisons, jails, and detention centers in 2020, 60 percent were Black or Latinx. Harvard Business School assistant professor Reshmaan Hussam probes the assumptions underlying the current prison system, with its huge racial disparities, and considers what could be done to address the crisis of the American criminal justice system in her case, “Race and Mass Incarceration in the United States.”  Open for comment; 0 Comment(s) posted.

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      Page 1 of 5 Results
      • 08 Jun 2020
      • Working Paper Summaries

      Loan Types and the Bank Lending Channel

      by Victoria Ivashina, Luc Laeven, and Enrique Moral-Benito

      Practitioners commonly refer to four distinct loan types: asset-based loans, cash flow loans, trade financing, and leasing. It is important to account for these differences in loan type in order to analyze the economic significance of credit market disruptions.

      • 23 Feb 2018
      • Working Paper Summaries

      Trade Creditors' Information Advantage

      by Victoria Ivashina and Benjamin Iverson

      Trade credit represents about a quarter of the liabilities of US firms. There are several theories explaining this fact. This study reexamines whether suppliers hold private information about their trade partners, by analyzing their behavior in bankruptcy.

      • 30 Jan 2018
      • Working Paper Summaries

      Credit Supply Shocks, Network Effects, and the Real Economy

      by Laura Alfaro, Manuel García, and Enrique Moral-Benito

      Using data for Spain between 2003 and 2013, this study examines firms’ responses to credit supply shocks during times of boom (expansion) and bust (financial crisis and recession). Results indicate that propagation of these shocks through the Spanish production network doubles the magnitude of the real effects typically estimated in the literature. This study also shows how such effects vary greatly during booms and busts.

      • 08 Sep 2016
      • Working Paper Summaries

      A Model of Credit Market Sentiment

      by Robin Greenwood, Samuel G. Hanson, and Lawrence J. Jin

      Recent empirical research in finance and economics has revived the idea that investor sentiment drives credit booms and busts. To explore the drivers of sentiment in credit markets, the authors model the two-way feedback between credit market sentiment and credit market outcomes. In their model the propagation of credit cycles is driven by the interplay between expectations and the refinancing nature of credit markets.

      • 04 Mar 2016
      • Working Paper Summaries

      Credit-Market Sentiment and the Business Cycle

      by David Lopez-Salido, Jeremy C. Stein, and Egon Zakrajsek

      Using United States data from 1929 to 2013, Jeremy C. Stein and colleagues emphasize the role of credit-market sentiment as an important driver of the business cycle.

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