What is Bitcoin?

World governments are still struggling to understand bitcoin and its ramifications for the economy, but some countries are taking harsher stances than others.

Russia recently came out with a statement urging citizens to avoid the currency. Meanwhile, the recent collapse of Mt. Gox, one of the largest Bitcoin exchanges in the world, led some skeptics to question the viability of the cryptocurrency.

Duke University Fuqua School of Business professor Campbell Harvey discusses the basics of how the currency works, security concerns, and the future of bitcoin in the following video series.

WATCH PROFESSOR CAMPBELL HARVEY EXPLAIN BITCOIN

WATCH PROFESSOR CAMPBELL HARVEY TALK ABOUT BITCOIN SECURITY

WATCH PROFESSOR CAMPBELL HARVEY ON THE FUTURE OF BITCOIN

CFO Survey: Uncertainty Concerns Cause Cutbacks

Almost 70 percent of United States chief financial officers are scaling back business plans or hoarding cash in the face of uncertainty over government economic policies.

Photo of Fuqua Professor Cam Harvey

Fuqua Professor Cam Harvey

And uncertainty is also a top concern of other CFOs worldwide, according to the latest findings of the Duke/CFO Magazine Global Business Outlook Survey, which polled more than 900 CFOs from around the world.

Fuqua Professor Campbell R. Harvey, founding director of the survey, said uncertainty among U.S. CFOs is leading to cutbacks in business plans.

“More than two-thirds of CFOs are telling us loud and clear that uncertainty due to government economic policies is causing them to hold back on hiring or capital investment, or to increase their cash hoard,” Harvey said. ”We are facing a nexus of regulatory interventions, ranging from the ACA implementation to the drumbeat of minimum wage increases. Most CFOs (67 percent) point their finger at the regulatory environment as the reason they are throttling back their business expansion.” (more…)

The Riddle of Marketing in Russia

This post was written by Christine Moorman, a marketing professor at Duke University’s Fuqua School of Business. It was co-authored with Fuqua MBA students Evgenia Barkanova, Irina Kudryashova, and Irina Melnik. The post references The CMO Survey which polls chief U.S. marketing officers twice a year. Moorman is director of the survey. 

Winston Churchill said, “Russia is a riddle wrapped in a mystery inside an enigma.” This becomes clear when thinking about U.S. companies marketing in Russia (more properly called the Russian Federation). Results from the last CMO Survey indicate that Russia is the international market with the highest sales growth rate. Sales are reported to have grown an average of 57% for U.S. companies that designate Russia as their largest international market. This compares with India at 38%, China at 26%, and Brazil with 19% growth.

(more…)

The Value of an International Education

155408_breeden017What is the benefit of studying abroad? Wouldn’t it be easier and more convenient for me to stay put here in Russia and study global business?  After all, can’t I just go online to hear global perspectives?

French native Bertrand Guillotin, director of the international programs office at Duke’s Fuqua School of Business, shares his point of view in the following Q and A. (more…)

Praise It and They’ll Come

Russia

 

Have you ever wondered why foreign firms coming to Russia are concentrated in Moscow and St. Petersburg, while domestic companies are spread much more evenly around the country? Are these two cities so much more attractive than the rest of Russia? Russian Professor Elena Kulchina answers this question in her Op Ed for the Moscow Times.