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Biography

Contact Details:

NF3/22 IIMC Kolkata 700104

Academics

Academic Background:

Ph.D., and M.Phil Economics,Columbia University, New York, NY; M.A., Economics,Delhi School of Economics;B.A., Economics,Miranda House, Delhi University.

Awards:

Full department scholarship, Department of Economics, Columbia University,1980-1985. President’s Fellow, Columbia University Award, 1981-1982 and 1982-1983. Fellow of the Graduate School of Arts and Sciences, Columbia University Award, 1980. Merit scholarship, University of Delhi, 1979-1980. Ranked second, M.A. Delhi School of Economics, 1980.

Consulting Interests:

financial sector development; financial institutions

Experience

Work Experience:

Visiting Professor, Rotterdam School of Management, Erasmus Graduate School of Business, Rotterdam;Federal Reserve Bank of New York Capital Markets Function and International Finance Department, New York, Senior Economist and Economist ; Visiting Research Fellow, Department of Economics, University of Basel, Switzerland, Winter 1994/95. ;Visiting Associate Professor, Department of Economics, San Francisco State University, San Francisco, California. Spring;Visiting Scholar, Research Department, Federal Reserve Bank of San Francisco, San Francisco, California;

Research

Journal Publications:

“The Impact of Discount Rate Changes on Market Interest Rates: Evidence from Three European Countries and Japan.” Journal of International Money and Finance, October 2007. With AnoopRai and Sunil Mohanty. “The Lending Behavior of Foreign Banks during Recessions.” Financial Markets, Institutions, and Instruments, Submitted to Journal of Banking and Finance2j, July 2011. With AnoopRai and Sunil Mohanty. “Loan flows, Contagion Effects, and East Asian Crisis.” Journal of Emerging Markets, Vol. 6, N0.3 Fall/Winter 2001, 42-54. With AsaniSarkar and Sunil Mohanty. “Efficiency and Risk in Japanese Banking.” Journal of Banking and Finance, Volume 24, Number 10 (2000), pp 1605-1628. With Phil Molyneux, YenerAltunbas and Ming-Hau Liu. “Modeling Foreign Banks’ Profits and Commercial Credit Extension in the United States.” Two Essays in International Banking, Financial Markets, Institutions, and Instruments, Volume 7, Number 4, November 1998. With Eli Remolona and Phil Molyneux. “Do Foreign Banks Follow Their Customers Abroad?” Two Essays in International Banking, Financial Markets, Institutions, and Instruments, Volume 7, Number 4, November 1998. With Dan Nolle and Sunil Mohanty. “Foreign Banks, Profits, and Commercial Credit Extension in the United States.” Journal of Applied Financial Economics, August 1998. (FRBNY Research Paper #9628.) With Phil Molyneux. “Foreign Bank Credit to U.S. Corporations: The Implications of Offshore Loans.” Federal Reserve Bank of New York Quarterly Review, vol. 17, no. 1 (Spring 1992). With Robert N. McCauley. “Capacity Creation in the U.S. Banking Industry: The Role of Foreign Banks.” Journal of International Financial Markets, Institutions and Money, vol. 4, nos. 3/4, 1994. “Taiwan’s Current Account and International Financial Market Linkages.” American Journal of Chinese Studies, vol. 2.no. 1, April 1994. With Robert N. McCauley. “Growth of Japanese Lending and Direct Investment in the United States: Are They Related?” Japan and the World Economy, vol. 5, no. 4 (Winter 1993). With Alicia Quijano. “Japanese Banks’ Customers in the United States Federal Reserve Bank of New York Quarterly Review, vol. 16, no. 1 (Spring 1991). With Alicia Quijano. “Corporate Leverage and Business Cycle.” Contemporary Policy Issues, January 1992. “Distributional Issues in Privatization.” Federal Reserve Bank of New York Quarterly Review, vol. 14, no. 2 (Summer 1989). “Financial Consequences of New Asian Surpluses.” Federal Reserve Bank of New York Quarterly Review, vol. 12, no. 2 (Summer 1987). With Robert N. McCauley.

Conferences:

2011. INFINITI, AIMA 2011. International Case Conference 2010. International Case Conference 1999. New Hampshire Finance Conference; European Financial Management Assoc. 1998. Financial Management Association; International Conference in Finance. 1997. Financial Management Association; International Trade and Finance Association. 1996. Financial Management Association; International Conference in Finance; 9 Tagung Geld, FinanzWirtschaft, Banken und Versicherungen. 1995. Financial Management Association; International Trade and Finance Association; and Western Economic Association Meetings. 1994. European Financial Management Association; Conference on Multinational Financial Issues; International Trade and Finance Association. 1993. Financial Management Association; European Financial Management Association; International Trade and Finance Association; 6 Tagung Geld, FinanzWirtschaft, Banken und Versicherungen. Papers accepted at: British Accounting Association Meetings; International Conference in Finance. 1992. Financial Management Association; European Finance Association; International Conference on Financial Management. Papers accepted at: International Conference in Finance; Pacific Basin Capital Markets Finance Conference. 1991. Financial Management Association; International Conference in Finance; Meeting of the Federal Reserve System’s Committee on Financial Analysis. 1990. American Association of Chinese Studies; Western Economic Association. 1989. Western Economic Association Meetings. 1987. Meeting of the Federal Reserve System’s Committee on Financial Analysis.

Books/Book Chapters:

"Corporate Leverage and the Business Cycle in Industrialized Countries." In Mario Levis, ed., Empirical Issues in Raising Equity Capital[Series in Advances in Finance, Investment and Banking]. London: North-Holland, 1996. “The Role of Government in Credit Markets.” In Financial Sector Considerations in Investment, World Economic and Social Survey, United Nations, 1996. "International Integration of Money Markets: The cases of Taiwan and Korea." In Mordechai E. Kreinin, ed., Contemporary Issues in Commercial Policy. Elsevier Science Inc., 1995. With Robert N. McCauley. Restructuring and Bankruptcy in Central and Eastern Europe.Deloitte Touche Tohmatsu International. Assisted Richard Coates and Arlene Mirsky. 1995. “Foreign Bank Credit to U.S. Corporations: The Implications of Offshore Loans.” Dilip K. Ghosh, ed., New Advances in Financial Economics [Series in International Business and Economics]. Oxford: Pergamon Press, 1995 “Explaining LBO’s and Acquisitions.” In Peter Gray and Sandra Richard, ed., International Finance in the New World Order. London: Pergamon Press, 1995 “Patterns of Corporate Leverage in Selected Industrialized Countries.” In Dilip K. Ghosh and ShahriarKhaksari, ed., Managerial Finance and the Corporate Economy. London: Routledge, 1995. “Patterns of Corporate Leverage in Selected Industrialized Countries.” In Dilip K. Ghosh and ShahriarKhaksari, ed., Managerial Finance and the Corporate Economy. London: Routledge, 1995. “Repurchase Agreements and Securities Loans: Settlement Implications.” Annex 2 in Pat Parkinson, Cross-Border Securities Settlement, Board of Governors of the Federal Reserve System, Washington, D. C., 1994. With Paul Van den Berg. “Profitability of Foreign Banks in the United States.” Christian Hipp, ed., Geld, Finanzwirtschaft, Banken und Versicherungen (Money, Finance, Banking, and Insurance), VVW Karlsruhe, 1993. “Japanese Banks’ Customers in the United States.” Robert W. Kolb, ed., The International Finance Reader, 2d ed. Miami: Kolb Publishing Company Inc., 1993. “Is Rising Leverage a Problem?” Money and Banking. Sluice Dock, Guildford, Connecticut: Dushkin Publishing Group, 1991

Articles/Cases:

Tata Corus Ranbaxy