Dante Roscini
Senior Lecturer, L. E. Simmons Faculty Fellow
Dante Roscini teaches the required course Business, Government and the International Economy as well as the elective course Managing International Trade and Investment. He joined the Harvard Business School faculty in 2008 and has published a number of cases and notes related to sovereign debt, monetary policy, central banking and international investment. He holds an M.B.A. from Harvard (1988) and a summa cum laude Laurea degree in Nuclear Engineering from the University of Rome, Italy (1981). Before coming back to HBS Mr. Roscini spent twenty years in investment banking with senior positions at three of the top US bulge bracket firms in New York and London.
He was Head of European Capital Markets for Goldman Sachs (1988-1998), Head of Global Equity Capital Markets and Head of the European Capital Markets and Financing Group for Merrill Lynch (1999 – 2004) where he was also a member of the Capital Commitments Committee and of the Managing Directors Promotions Committee. Finally, he was Country Head of Italy and Chairman of European Capital Markets for Morgan Stanley as well as a board member of Morgan Stanley International Bank (2005 –2008). He is currently a member of the board or the advisory board of several companies in the industrial and the financial sectors. He is an honorary member of the Foreign Policy Association in New York. He consults and lectures globally and collaborates with several newspapers.
Mr. Roscini has broad transaction and management experience in the areas of corporate finance, M&A, and private equity as well as in private wealth and asset management. His particular professional expertise is in the global capital markets where he has worked with Governments, public and private companies in many countries to assess capital structures and help them hedge risk or raise equity and debt financing. He has personally led over 100 capital raising transactions that included privatizations, Initial Public Offerings, hybrid equity offerings and private placements. Several of these were “first of a kind” in terms of their size or of the type of security issued. Prior to his career in investment banking Mr. Roscini worked as a researcher in nuclear archaeometry at the University of Rome, as a design engineer and project manager with Westinghouse Electric Corp. in the US and as a management consultant with the Boston Consulting Group in Paris.
-
Case
| HBS Case Collection
|
2013
(Revised from original 2012 version)
Persephone's Pomegranate: Crédit Agricole and Emporiki
Dante Roscini, Daniela Beyersdorfer and Jerome Lenhardt
In 2006 the French bank Crédit Agricole bought the Greek Emporiki bank, for €2.8 billion, at the peak of a bull market for bank takeovers. Six years, a major financial crisis, and €5.2 billion of losses later, in a context of great uncertainty in the European banking sector, what decision should Crédit Agricole take regarding Emporiki? Through the example of this European cross-border acquisition the case looks at the Greek banking system before and during the unprecedented Greek sovereign debt crisis; the efforts of Greece and the main actors of the European financial system to prevent the embattled country from having to exit the Euro zone; and the potential scenarios for Greek banks in mid-2012.
Keywords: Business and Government Relations;
Currency;
Development Economics;
International Finance;
International Relations;
Banking Industry;
Greece;
-
Case
| HBS Case Collection
|
2013
(Revised from original 2012 version)
Can the Eurozone Survive?
Dante Roscini and Jonathan Schlefer
The sovereign debt crisis that took Greece by storm in 2010 began to spread to other European markets. Within a few months Ireland and Portugal had also lost access to the sovereign debt markets and had to rely on supranational loans for their financing. The risk of further contagion was clear and present. Political leaders continued to seek measures to stem the crisis and to avoid the larger economies of Spain and Italy becoming involved. The European financial system became strained. Banks were found to be undercapitalized and began to ration credit to the economy. The European Central Bank intervened to provide liquidity to the system in order to avoid a credit crunch. Could the eurozone survive the storm?
Keywords: sovereign debt crisis;
Currency areas;
Financial Crisis;
Borrowing and Debt;
Currency Exchange Rate;
International Relations;
Banking Industry;
European Union;
Germany;
France;
Italy;
Spain;
Greece;
Portugal;
Citation: Roscini, Dante, and Jonathan Schlefer. " Can the Eurozone Survive?" Harvard Business School Case 713-034, May 2013. (Revised from original September 2012 version.)
-
Teaching Note
| HBS Case Collection
|
2011
The Greek Crisis: Tragedy or Opportunity? (TN)
Dante Roscini
Keywords: Financial Crisis;
Opportunities;
Greece;
-
Case
| HBS Case Collection
|
2011
(Revised from original 2011 version)
The Greek Crisis: Tragedy or Opportunity?
Dante Roscini, Jonathan Schlefer and Konstantinos Dimitriou
After its 2009-2010 fiscal crisis shook the euro, could the Greek government stabilize debt, avoid default, and stay on the euro? This case looks at the Greek social and political road to fiscal crisis; the economics of that crisis and efforts to recover from it; the danger the crisis posed to the euro; cooperation and conflict among European states, the European Central Bank, and the International Monetary Fund to try to help Greece emerge from crisis; and the role financial markets played in these events.
Keywords: Financial Crisis;
Borrowing and Debt;
Currency;
Financial Condition;
Central Banking;
Financial Markets;
International Finance;
Policy;
Conflict Management;
Cooperation;
Public Administration Industry;
Greece;
Citation: Roscini, Dante, Jonathan Schlefer, and Konstantinos Dimitriou. " The Greek Crisis: Tragedy or Opportunity?" Harvard Business School Case 711-088, September 2011. (Revised from original April 2011 version.)
-
Background Note
| HBS Case Collection
|
2013
(Revised from original 2011 version)
How Government Debt Accumulates
Dante Roscini and Jonathan Schlefer
This note discusses the economics of government-debt accumulation. Fiscal deficits are only part of the picture; other factors include the level of debt as a percent of nominal GDP; the interest rate; the inflation rate; the growth rate; and changes in the exchange rate if some debt is owed in a foreign currency. The note discusses how these factors interact to affect government debt levels.
Keywords: Government and Politics;
Borrowing and Debt;
Citation: Roscini, Dante, and Jonathan Schlefer. " How Government Debt Accumulates." Harvard Business School Background Note 711-087, February 2013. (Revised from original April 2011 version.)
-
Teaching Note
| HBS Case Collection
|
2011
The Euro in Crisis: Decision Time at the European Central Bank (TN)
J. Gunnar Trumbull, Dante Roscini and Diane Choi
Teaching Note for 711049.
Keywords: Currency;
Central Banking;
Borrowing and Debt;
Decisions;
Banking Industry;
-
Case
| HBS Case Collection
|
2011
(Revised from original 2010 version)
The Euro in Crisis: Decision Time at the European Central Bank
J. Gunnar Trumbull, Dante Roscini and Diane Choi
This case traces the origins and evolution of the European Central Bank, with attention to its 2010 decision concerning the purchase of Greek sovereign debt.
Keywords: Financial Crisis;
Borrowing and Debt;
Currency;
Central Banking;
Financial Management;
Sovereign Finance;
Policy;
Crisis Management;
Europe;
Greece;
-
Supplement
| HBS Case Collection
|
2010
(Revised from original 2010 version)
Chile's Copper Surplus: The Road Not Taken (B)
Laura Alfaro, Dante Roscini and Renee Kim
In 2009, Chile's Finance Minister Andres Velasco's fortunes had been reversed. His fiscal policy that had come under attack just a year ago had been used to finance a $4 billion fiscal stimulus package amid the global economic downturn. Velasco was now Chile's most popular minister. However, the future of Chile's fiscal policy was questionable with the election of a new president, Sebastian Pinera, the first conservative leader to lead Chile in two decades.
Keywords: Developing Countries and Economies;
Financial Crisis;
Financial Strategy;
Financing and Loans;
Policy;
Government and Politics;
Chile;
-
Supplement
| HBS Case Collection
|
2012
(Revised from original 2010 version)
The Kaesong Industrial Complex (B): Global Manufactures GmBH's Dilemma
Dante Roscini, Eric D. Werker and Han-koo Yeo
Keywords: North Korea;
-
Background Note
| HBS Case Collection
|
2010
Central Europe after the Crash: Between Europe and the Euro
Diego A. Comin, Dante Roscini and Elisa Farri
This note briefly reviews the financial crisis in central Europe in late 2008, and summarizes how four central European countries—Poland, the Czech Republic, Hungary, and Slovakia—have coped with the economic downturn.
Keywords: Economic Slowdown and Stagnation;
Financial Crisis;
Financial Strategy;
Czech Republic;
Hungary;
Poland;
Slovakia;
-
Case
| HBS Case Collection
|
2010
(Revised from original 2009 version)
Necessity and Invention: Monetary Policy Innovation and the Subprime Crisis
Aldo Musacchio and Dante Roscini
This case describes the efforts of Ben Bernanke, Chairman of the Federal Reserve, to improve liquidity in money markets during the subprime crisis. The case explains the four main new tools for monetary policy (or quantitative easing) the Federal Reserve has used between 2007 and 2009: the Term Auction Facility (TAF), the Primary Dealer Credit Facility (PDCF), the Term Securities Lending Facility (TSLF), and the Asset Backed Commercial Paper Money Market Mutual Fund Liquidity Facility (AMLF).
Keywords: Financial Crisis;
Money;
Financial Liquidity;
Central Banking;
Policy;
Business and Government Relations;
|
|