Details about Michael Dooley

E-mail:
Homepage:	http://econ.ucsc.edu/~mpd/
Postal address:	Department of Economics Social Sciences I UCSC Santa Cruz CA 95064
Workplace:	Economics Department, University of California-Santa Cruz (UCSC), (more information at EDIRC)

Access statistics for papers by Michael Dooley.

Last updated 2019-12-26. Update your information in the RePEc Author Service.

Short-id: pdo13

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Working Papers

2022

1. US Sanctions Reinforce the Dollar’s Dominance
   NBER Working Papers, National Bureau of Economic Research, Inc

2014

2. The Revived Bretton Woods System's First Decade
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

2012

3. Investment and Growth in Rich and Poor Countries
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

2011

4. Financial Liberalization and Policy Challenges
   IDB Publications (Working Papers), Inter-American Development Bank View citations (1)
   Also in Research Department Publications, Inter-American Development Bank, Research Department (1997) View citations (1)

2009

5. Bretton Woods II Still Defines the International Monetary System
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
   See also Journal Article in Pacific Economic Review (2009)
6. Transmission of the U.S. Subprime Crisis to Emerging Markets: Evidence on the Decoupling-Recoupling Hypothesis
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (190)
   See also Journal Article in Journal of International Money and Finance (2009)

2008

7. Will Subprime be a Twin Crisis for the United States?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
   See also Journal Article in Review of International Economics (2009)

2007

8. The Two Crises of International Economics
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)

2005

9. Interest Rates, Exchange Rates and International Adjustment
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
   See also Journal Article in Conference Series ; [Proceedings] (2006)
10. Savings Gluts and Interest Rates: The Missing Link to Europe
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)

2004

11. Direct Investment, Rising Real Wages and the Absorption of Excess Labor in the Periphery
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (59)
    See also Journal Article in Proceedings (2005)
    Chapter (2007)
12. The Revived Bretton Woods System: The Effects of Periphery Intervention and Reserve Management on Interest Rates & Exchange Rates in Center Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (71)
13. The US Current Account Deficit and Economic Development: Collateral for a Total Return Swap
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (55)

2003

14. An Essay on the Revived Bretton Woods System
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (429)
    See also Journal Article in Proceedings (2005)

2002

15. A Framework for Exchange Rate Policy in Korea
    Finance Working Papers, East Asian Bureau of Economic Research View citations (4)

2001

16. Rescue Packages and Output Losses Following Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    See also Chapter (2003)

2000

17. Can Output Losses Following International Financial Crises be Avoided?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (76)
18. Private Inflows when Crises are Anticipated: A Case Study of Korea
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    See also Journal Article in Proceedings (1999)

1999

19. Latin America and East Asia in the Context of an Insurance Model of Currency Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (46)
    See also Journal Article in Journal of International Money and Finance (1999)

1998

20. A model of crises in emerging markets
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (90)
    See also Journal Article in Economic Journal (2000)

1997

21. Apertura financiera y retos de políticas
    Research Department Publications, Inter-American Development Bank, Research Department
22. Capital Mobility and Exchange Market Intervention in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
23. Monetary Policy in Japan, Germany and the United States: Does One Size Fit All?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)

1996

24. The lender of last resort function under a currency board: the case of Argentina
    Policy Research Working Paper Series, The World Bank View citations (39)
    See also Journal Article in Open Economies Review (1996)

1995

25. A Survey of Academic Literature on Controls over International Capital Transactions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (70)
26. Asia-Pacific Capital Markets: Measurement of Integration and the Implications for Economic Activity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
27. Financial Repression and Capital Mobility: Why Capital Flows and Covered Interest Rate Differentials Fail to Measure Capital Market Integration
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Journal Article in Monetary and Economic Studies (1997)
28. National, regional and international capital markets: Measurement and implications for domestic financial fragility
    International Finance, University Library of Munich, Germany View citations (2)
29. Portfolio Capital Flows: Hot or Cold
    Working Papers, Harvard - Institute for International Development View citations (134)
    See also Journal Article in World Bank Economic Review (1995)

1994

30. A Retrospective on the Debt Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
31. Capital Flight, External Debt and Domestic Policies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    See also Journal Article in Economic Review (1994)
32. Is the debt crisis history? Recent private capital inflows to developing countries
    Policy Research Working Paper Series, The World Bank View citations (10)
    See also Journal Article in World Bank Economic Review (1996)
33. Recent Private Capital Inflows to Developing Countries: Is the Debt Crisis History?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (38)

1992

34. Endogenous Creditor Seniority and External Debt Values
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article in IMF Staff Papers (1993)
35. Exchange Rates, Country Preferences, and Gold
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

1990

36. Policy Inconsistency and External Debt Service
    Working Papers, Stockholm - International Economic Studies View citations (1)
    See also Journal Article in Journal of International Money and Finance (1994)

1989

37. Tax Credits for Debt Reduction
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article in Journal of International Economics (1992)

1986

38. International Capital Mobility in Developing Countries vs. Industrial Countries: What do Saving-Investment Correlations Tell Us?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)

1983

39. An analysis of external debt positions of eight developing countries through 1990
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (3)
    See also Journal Article in Journal of Development Economics (1986)
40. Country risk, international lending and exchange rate determination
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)

1981

41. The implications of the internationalization of banking for the definition and measurement of U.S. credit and monetary aggregates
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)
42. The role of the current account in exchange rate determination: a comment on Rodriquez
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)
    See also Journal Article in Journal of Political Economy (1982)

1979

43. The portfolio-balance model of exchange rates
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (25)

1978

44. A portfolio-balance rational-expectations model of the dollar-mark rate, May 1973-June 1977
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
45. Capital controls, political risk and interest disparities
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)

1976

46. Analysis of short-run exchange behavior: March, 1993 to September, 1975
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (8)
47. Note on interest parity, Eurocurrencies and capital controls
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
48. Note on key currency intervention systems
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
49. Rules for intervention without fixed parities
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)

1974

50. A model of arbitrage and short-term capital flows
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)

Journal Articles

2009

1. BRETTON WOODS II STILL DEFINES THE INTERNATIONAL MONETARY SYSTEM
   Pacific Economic Review, 2009, 14, (3), 297-311 View citations (47)
   See also Working Paper (2009)
2. Las dos crisis de la economía internacional
   Boletín, 2009, LV, (4), 207-227
3. Transmission of the U.S. subprime crisis to emerging markets: Evidence on the decoupling-recoupling hypothesis
   Journal of International Money and Finance, 2009, 28, (8), 1331-1349 View citations (187)
   See also Working Paper (2009)
4. Will Sub‐Prime be a Twin Crisis for the United States?
   Review of International Economics, 2009, 17, (4), 655-666
   See also Working Paper (2008)

2006

5. Interest rates, exchange rates and international adjustment
   Conference Series ; [Proceedings], 2006, 51 View citations (3)
   See also Working Paper (2005)
6. Interest rates, exchange rates and international adjustment: BW II dynamics
   International Economics and Economic Policy, 2006, 3, (3), 293-302 View citations (3)

2005

7. An essay on the revived Bretton Woods system
   Proceedings, 2005, (Feb) View citations (3)
   See also Working Paper (2003)
8. Asian reserve diversification: does it threaten the pegs?
   Proceedings, 2005, (Feb) View citations (3)
9. Direct investment, rising real wages and the absorption of excess labor in the periphery
   Proceedings, 2005, (Feb) View citations (12)
   See also Chapter (2007)
   Working Paper (2004)
10. Dollars and deficits: where do we go from here?
    Proceedings, 2005, (Feb) View citations (1)
11. Is It 1958 or 1968? Three Notes on the Longevity of the Revived Bretton Woods System
    Brookings Papers on Economic Activity, 2005, 36, (1), 147-210 View citations (20)
12. The U.S. current account deficit: collateral for a total return swap
    Proceedings, 2005, (Feb)
13. The cosmic risk: an essay on global imbalances and treasuries
    Proceedings, 2005, (Feb) View citations (5)
14. The revived Bretton Woods system: alive and well
    Proceedings, 2005, (Feb)

2004

15. The revived Bretton Woods system
    International Journal of Finance & Economics, 2004, 9, (4), 307-313 View citations (155)

2000

16. A Model of Crises in Emerging Markets
    Economic Journal, 2000, 110, (460), 256-72 View citations (140)
    See also Working Paper (1998)
17. Debt management and crisis in developing countries
    Journal of Development Economics, 2000, 63, (1), 45-58 View citations (9)
18. International financial architecture and strategic default: can financial crises be less painful?
    Carnegie-Rochester Conference Series on Public Policy, 2000, 53, (1), 361-377 View citations (15)

1999

19. International monetary arrangements in the Asia-Pacific before and after
    Journal of Asian Economics, 1999, 10, (3), 361-384 View citations (12)
20. Latin America and East Asia in the context of an insurance model of currency crises
    Journal of International Money and Finance, 1999, 18, (4), 659-681 View citations (43)
    See also Working Paper (1999)
21. Medium-Term Financing Needs of the Independent States of the Former Soviet Union
    Journal of Policy Modeling, 1999, 21, (1), 41-66
22. Private inflows when crises are anticipated: a case study of Korea
    Proceedings, 1999, (Sep) View citations (2)
    See also Working Paper (2000)

1998

23. Speculative Attacks on a Monetary Union?
    International Journal of Finance & Economics, 1998, 3, (1), 21-26 View citations (12)

1997

24. Financial Repression and Capital Mobility: Why Capital Flows and Covered Interest Rate Differentials Fail to Measure Capital Market Integration
    Monetary and Economic Studies, 1997, 15, (2), 81-103 View citations (8)
    See also Working Paper (1995)

1996

25. A Survey of Literature on Controls over International Capital Transactions
    IMF Staff Papers, 1996, 43, (4), 639-687 View citations (77)
26. Capital Controls and Emerging Markets
    International Journal of Finance & Economics, 1996, 1, (3), 197-205 View citations (17)
27. Is the Debt Crisis History? Recent Private Capital Inflows to Developing Countries
    World Bank Economic Review, 1996, 10, (1), 27-50 View citations (42)
    See also Working Paper (1994)
28. The lender of last resort function under a currency board: The case of Argentina
    Open Economies Review, 1996, 7, (1), 625-650 View citations (26)
    See also Working Paper (1996)

1995

29. Portfolio Capital Flows: Hot or Cold?
    World Bank Economic Review, 1995, 9, (1), 153-74 View citations (135)
    See also Working Paper (1995)

1994

30. Capital flight, external debt, and domestic policies
    Economic Review, 1994, 29-37 View citations (18)
    See also Working Paper (1994)
31. Policy inconsistency and external debt service
    Journal of International Money and Finance, 1994, 13, (3), 364-374 View citations (6)
    See also Working Paper (1990)

1993

32. A Note on Burden Sharing among Creditors
    IMF Staff Papers, 1993, 40, (1), 226-232 View citations (5)
33. Endogenous Creditor Seniority and External Debt Values
    IMF Staff Papers, 1993, 40, (2), 395-413 View citations (14)
    See also Working Paper (1992)

1992

34. Exchange rate policy, financial structure, and the transition from credit to monetary instruments
    Proceedings, 1992, (Sep) View citations (5)
35. Exchange rate policy, international capital mobility and monetary policy instruments
    Proceedings, 1992, 68-95 View citations (5)
36. Tax credits for debt reduction
    Journal of International Economics, 1992, 32, (1-2), 165-177 View citations (2)
    See also Working Paper (1989)

1991

37. A note on fiscal policy, investment location decisions, and exchange rates
    Journal of International Money and Finance, 1991, 10, (1), 161-168 View citations (2)

1989

38. Assessing Buy-Back Benefits: Reply to Snowden
    IMF Staff Papers, 1989, 36, (3), 736-737
39. Debt Relief and Leveraged Buy-Outs
    International Economic Review, 1989, 30, (1), 71-75 View citations (9)
40. The Currency Composition of Foreign Exchange Reserves
    IMF Staff Papers, 1989, 36, (2), 385-434 View citations (59)
41. The Early Stages of Financial Innovation and Money Demand in France and Italy
    The Manchester School of Economic & Social Studies, 1989, 57, (2), 107-24 View citations (5)

1988

42. Buy-Backs and Market Valuation of External Debt
    IMF Staff Papers, 1988, 35, (2), 215-229 View citations (19)
43. Capital Flight: A Response to Differences in Financial Risks
    IMF Staff Papers, 1988, 35, (3), 422-436 View citations (112)
44. International Capital Mobility: What Do Saving-Investment Correlations Tell Us? Reply to Miller
    IMF Staff Papers, 1988, 35, (2), 397-398 View citations (1)
45. Self-Financed Buy-Backs and Asset Exchanges
    IMF Staff Papers, 1988, 35, (4), 714-722 View citations (4)

1987

46. Country preferences, currency values and policy issues
    Journal of Policy Modeling, 1987, 9, (1), 65-81
47. International Capital Mobility: What Do Saving-Investment Correlations Tell Us?
    IMF Staff Papers, 1987, 34, (3), 503-530 View citations (164)
48. Options on Foreign Exchange and Exchange Rate Expectations
    IMF Staff Papers, 1987, 34, (4), 643-680 View citations (7)

1986

49. An analysis of external debt positions of eight developing countries through 1990
    Journal of Development Economics, 1986, 21, (2), 283-318 View citations (12)
    See also Working Paper (1983)

1984

50. Current Account Imbalances and Capital Formation in Industrial Countries, 1949-81 (Déséquilibres des transactions courantes et formation de capital dans les pays industrialisés, 1949-81) (Los desequilibrios en cuenta corriente y la formación de capital en los países industriales, 1949-81)
    IMF Staff Papers, 1984, 31, (1), 1-24 View citations (13)

1983

51. The Portfolio-Balance Model of Exchange Rates and Some Structural Estimates of the Risk Premium (Modèle d'équilibre de portefeuilles appliqué aux taux de change et certaines estimations (structurelles) de la prime de risque) (El modelo de equilibrio de cartera para los tipos de cambio y algunas estimaciones estructurales de la prima de riesgo)
    IMF Staff Papers, 1983, 30, (4), 683-702 View citations (1)

1982

52. A portfolio-balance rational-expectations model of the dollar-mark exchange rate
    Journal of International Economics, 1982, 12, (3-4), 257-276 View citations (23)
53. An Analysis of Exchange Market Intervention of Industrial and Developing Countries (Analyse des politiques d'intervention sur le marché des changes, adoptées par les pays industrialisés et les pays en développement) (Análisis de la intervención de los países industriales y en desarrollo en los mercados de divisas)
    IMF Staff Papers, 1982, 29, (2), 233-269
54. The Role of the Current Account in Exchange-Rate Determination: A Comment on Rodriguez
    Journal of Political Economy, 1982, 90, (6), 1291-94 View citations (1)
    See also Working Paper (1981)

1980

55. Capital Controls, Political Risk, and Deviations from Interest-Rate Parity
    Journal of Political Economy, 1980, 88, (2), 370-84 View citations (131)

Books

2003

1. Managing Currency Crises in Emerging Markets
   NBER Books, National Bureau of Economic Research, Inc View citations (67)

Edited books

2007

1. Managing Currency Crises in Emerging Markets
   National Bureau of Economic Research Books, University of Chicago Press

Chapters

2014

1. Can emerging economy central banks be market-makers of last resort?
   A chapter in Re-thinking the lender of last resort, 2014, vol. 79, pp 128-130

2010

2. Central bank responses to financial crises
   A chapter in Perspectives on inflation targeting, financial stability and the global crisis, 2010, vol. 51, pp 31-34 View citations (3)
3. Comment on "China's Exports and Employment"
   A chapter in China's Growing Role in World Trade, 2010, pp 199-201
4. Wrap-up Discussion
   A chapter in Inflation in an Era of Relative Price Shocks, 2010

2009

5. Comment on "Current Account Sustainability and the Relative Reliability"
   A chapter in NBER International Seminar on Macroeconomics 2008, 2009, pp 110-112
6. East Asia’s Role in the Revived Bretton Woods System
   Chapter 6 in Towards Monetary and Financial Integration in East Asia, 2009

2008

7. Life on the Tri-Polar Sphere: How Should Interest and Exchange Rates Realign Next?
   A chapter in International Financial Issues in the Pacific Rim: Global Imbalances, Financial Liberalization, and Exchange Rate Policy, 2008, pp 13-37 View citations (1)

2007

8. Direct Investment, Rising Real Wages and the Absorption of Excess Labor in the Periphery
   A chapter in G7 Current Account Imbalances: Sustainability and Adjustment, 2007, pp 103-132 View citations (7)
   See also Working Paper (2004)
   Journal Article in Proceedings (2005)

2003

9. Financial Policies
   A chapter in Economic and Financial Crises in Emerging Market Economies, 2003, pp 93-154 View citations (10)
10. Introduction to "Managing Currency Crises in Emerging Markets"
    A chapter in Managing Currency Crises in Emerging Markets, 2003, pp 1-7 View citations (11)
11. Rescue Packages and Output Losses Following Crises
    A chapter in Managing Currency Crises in Emerging Markets, 2003, pp 125-146 View citations (3)
    See also Working Paper (2001)

2000

12. Comment on "Capital Flows to Central and Eastern Europe and the Former Soviet Union"
    A chapter in Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, 2000, pp 339-340

1999

13. Academic Views of Capital Flows: An Expanding Universe
    A chapter in Capital Flows and the International Financial System, 1999 View citations (2)
14. Capital Flows and Exchange Rates
    A chapter in Capital Flows and the International Financial System, 1999 View citations (6)

1997

15. Asia Pacific Capital Markets: Integration and Implications for Economic Activity
    A chapter in Regionalism versus Multilateral Trade Arrangements, 1997, pp 169-202 View citations (4)

Editor

1. International Journal of Finance & Economics
   John Wiley & Sons, Ltd.
2. International Journal of Finance & Economics
   John Wiley & Sons, Ltd.