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• Case | HBS Case Collection | October 2017 (Revised April 2019)

  Hank and Nancy: The Subprime Crisis, the Run on Lehman and the Shadow Banks, and the Decision to Bailout Wall Street

  Rafael Di Tella, Alberto Cavallo and Aldo Sesia

  Citation:

  Di Tella, Rafael, Alberto Cavallo, and Aldo Sesia. "Hank and Nancy: The Subprime Crisis, the Run on Lehman and the Shadow Banks, and the Decision to Bailout Wall Street." Harvard Business School Case 718-022, October 2017. (Revised April 2019.)  View Details

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• Teaching Note | HBS Case Collection | September 2018 (Revised April 2019)

  Hank and Nancy: The Subprime Crisis, the Run on Lehman and the Shadow Banks, and the Decision to Bailout Wall Street

  Rafael Di Tella and Alberto Cavallo

  Teaching Note for HBS No. 718-022.

  Citation:

  Di Tella, Rafael, and Alberto Cavallo. "Hank and Nancy: The Subprime Crisis, the Run on Lehman and the Shadow Banks, and the Decision to Bailout Wall Street." Harvard Business School Teaching Note 719-010, September 2018. (Revised April 2019.)  View Details

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• Case | HBS Case Collection | February 2019 (Revised March 2019)

  The U.S. - China Trade War

  Alberto Cavallo, Mariana Cal and Anne Laski

  On December 1, 2018, U.S. President Donald Trump and China’s Leader Xi Jinping faced each other across a dinner table during a G20 meeting in Buenos Aires, Argentina. After what Trump called an “amazing and productive meeting,” the two leaders announced a truce in the ongoing trade war between their countries, following months of accusations, tariffs, and mounting retaliation. The U.S. agreed to postpone for 90 days an increase from 10% to 25% in tariffs applied to a large number of Chinese goods, which had been initially scheduled for January 1, 2019. In exchange, the White House announced that China would purchase a “very substantial” amount of agricultural and other products from the United States, adding that it expected the two nations “to immediately begin negotiations on structural changes with respect to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft, services, and agriculture.” The Chinese government simply stated that it was “willing to expand imports according to the needs of the domestic market“ and that it hoped to “reach a concrete agreement on mutual benefit and win-win as soon as possible." Despite Trump’s assurances that China was sending “very strong signals” after the meeting, the outcome of the negotiations was highly uncertain. Would China provide enough concessions to satisfy the demands of the U.S.? Would the U.S. back down? Or would the trade war escalate, causing unprecedented disruptions -and opportunities- in global trade patterns?

  Keywords: Trade War; Trump; current account; NAFTA; balance of payments; Intellectual Property Protection; Trade; Macroeconomics; Economic Slowdown and Stagnation; International Relations; United States; China;

  Citation:

  Cavallo, Alberto, Mariana Cal, and Anne Laski. "The U.S. - China Trade War." Harvard Business School Case 719-034, February 2019. (Revised March 2019.)  View Details

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