skip to content

Dooley, Michael P.

Works: 6 works in 10 publications in 1 language and 258 library holdings
Roles: Author
Classifications: HG3891.5, 332.67
Publication Timeline
Publications about Michael P Dooley
Publications by Michael P Dooley
Most widely held works by Michael P Dooley
Capital flight, external debt and domestic policies by Michael P Dooley( Book )
1 edition published in 1994 in English and held by 54 libraries worldwide
It is now well documented that capital flight has been a dominant feature of capital movements between developing and industrial countries. Since 1988 reductions in the stock of flight capital more than account for private capital flows to emerging markets. This suggests that what appears to be a diversification of portfolios of residents of developed countries may be a restoration of 'home bias' in the portfolios of residents of developing countries. We show that changes in the stock of capital flight can increase or decrease welfare depending on the structure of distortionary taxes and subsidies on capital income and the effects of capital flight on the tax base
International capital mobility in developing countries vs. industrial countries : what do saving-investment correlations tell us? by Jeffrey A Frankel( Book )
5 editions published between 1986 and 1988 in English and held by 19 libraries worldwide
The finding of Feldstein and Horioka (1980) that countriesf investment rates are highly correlated with their national saving rates has by now been confirmed by many subsequent studies, even though their inference that international capital mobility nust be low has not been as widely accepted. This paper examines the statistical relationship between national saving and investment in a sample that includes not only 14 industrialized countries, but also 50 developing countries. The paper addresses some of the econometric critiques that have been aimed at the Feldstein-Horioka work. Contrary to what one would expect from consideration of capital mobility, the coefficient appears higher for industrialized countries than for developing countries, and higher after 1973 than before. Our interpretation of the saving-investment evidence is that the hypothesis of a high degree of substitutability for claims on physical capital located in different countries is not supported by the data. International substitutability for financial capital may be nigh, but this is a separate condition (which is properly tested by looking directly at rates of return). High international substitutability for bonds would imply high international substitutability for physical capital if capital were perfectly substitutable for bonds within each country, but there is no reason for this to hold, any more than there is for all goods to be perfect substitutes
A practical guide : fundamentals for corporate directors by Michael P Dooley( Book )
1 edition published in 2012 in English and held by 1 library worldwide
Country risk, international lending, and exchange rate determination by Michael P Dooley( file )
1 edition published in 1983 in English and held by 0 libraries worldwide
Analysis of self-financed buy-backs and asset exchanges by Michael P Dooley( file )
1 edition published in 1988 in English and held by 0 libraries worldwide
Buy-backs of external debt financed by the debtor through asset sales generally result in unchanged or lower market prices for remaining debt. The contractual value of debt is reduced by some multiple of the market value of asset sold. The use of assets as collateral for new debt that is exchanged for old debt has effects equivalent to buy-backs financed by sales of the same assets
Alternative Names
Dooley, M. P.
Dooley, M. P. (Michael P.)
English (9)
Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.