Mike Dooley is a partner of Drobny Global and Cabezon Investment Group.
He is a Professor of Economics at the University of California, Santa Cruz, a Research Associate of the National Bureau of Economic Research and edits the International Journal of Finance and Economics. He previously held positions at the Federal Reserve Board’s International Division, the Research Department of the International Monetary Fund and Deutsche Bank.
His published research covers a wide range of issues in open economy macroeconomics including work on global imbalances, crises in emerging markets, debt restructuring, and capital flight. At the IMF he was an early advocate of debt restructuring as a necessary ingredient in solving the EM debt crisis and represented the IMF in most of the Brady Plan restructurings.
Dooley was the co-architect of the Bretton Woods II theory which suggested in the early 2000s that an informal Bretton Woods system of currency stability had been put in place where capital would flow from Asia to support the US trade deficit. He argued that it was in the interests of all participants to maintain currency stability. Dooley has also been a panelist at the Drobny Conference on several occasions and is a winner of the Best Trade Award. Professor Dooley received his PhD from Penn State University.