COVID-19: The latest information about COVID-19. See ×
Michael  Connolly

Michael Connolly

Professor, Economics

Research Interests

Effects of currency boards and/or dollarization on risk premia in emerging markets

Featured Publications

  • “Government Consumption Spending and Growth in the OECD Countries,” (with Cheng Li), submitted to the Journal of Economic Policy Reform. February 2016. “Ronald McKinnon’s Contributions to Economics” working paper prepared for the Singapore Journal of Economics.

    “Government spending and economic growth in the OECD countries,” Journal of Economic Policy Reform, with Cheng Li, Vol. 19, No. 4, 386-395, December 2016, “The Value of Mortgage Prepayment and Default Options, Yong Chen, Michael Connolly, Wenjin Tang and Tie Su, The Journal of Futures Markets, Vol. 29, No. 9, 840–861 (2009)

    “Measuring the Effect of Corruption on Sovereign Bond Ratings,” Journal of Economic Policy Reform, 10(4) 2007.

    “China Syndrome,” op ed with Steve H. Hanke, The Wall Street Journal, May 9, 2005: A22 (1219 words and graphic).

    “The End of the MBA as We Know It?” Academy of Management Learning Education, 2003: 2(4) Dec.: 365-368.

    “Robert A. Mundell: A Profile,” Review of International Economics, 2001 9(4) Nov.: 585-594.

Teaching and Professional Experience

  • Professor, Economics, Miami Herbert Business School, 1987 - Present
  • Professor, Finance, Hunan University, 2007 - Present
  • Visiting Professor, Duke University, Spring 2015
  • Faculty in Residence, Duke in New York, 2006 - 2012
  • Chief Scientist, Project 985, Hunan University, 2004 - 2007
  • Consultant, Dominican Republic and Jamaica, Sovereign Bond Underwriting, UBS Warburg, 2002 - 2003


  • International finance, trade and development
  • Currency boards and exchange speculation


  • Ph.D., Economics, University of Chicago, 1969
  • M.S., Economics, University of Chicago, 1967
  • B.A., Economics, University of California at Berkeley, 1964
  • Certificate, Certificat d’Etudes, Université de Bordeaux, 1963

Honors and Awards

  • Doctorate Honoris Causae Universidad Norbert Wiener, Lima, Peru
  • University of Miami School of Business Administration Excellence in Teaching Award, 1990, 1999, 2000
Michael  Connolly


Back to top