Professor & Dean- School of Liberal Arts and Social Sciences (SLASS)

Prof. Bandi Kamaiah

Department of Economics

Interests

  1. Monetary and Financial Economics
  2. International Finance
  3. Applied Time Series Analysis

Education

1973

S V University, Tirupati
India
Bachelors
(Mathematics, Statistics, Economics)

1975

S V University
India
M A in Economics

1978

S V University
India
M A in Econometrics

1984

IIT Bombay
India
PhD in Monetary Economics

Experience

  • Professor, School of Management Studies, University of Hyderabad (01.05 2020 to 30.06.2022)
  • Dean In charge, Central University of Andhra Pradesh, Anantapur (17.08.2018 to 30.04.2020)
  • Dean, Research & Development, Shri Mata Vaishno Devi University, Katra, Jammu (13 July 2017 to August 16, 2018).
  • Head, School of Economic, Shri Mata Vaishno Devi University, Katra, Jammu (13 July 2017 to August 16, 2018).
  • Dean, School of Economics, University of Hyderabad, Hyderabad (August 1,2015 to June 30, 2017).
  • Professor, Department / School of Economics, University of Hyderabad, Hyderabad. (July 1998 to Jun 30, 2017).
  • R B I Chair Professor and Head, RBI Endowment Unit, Institute for Social and Economic Change, ISEC, Bengaluru (December 1998 to November 2000).
  • Head, Department of Economics, University of Hyderabad, Hyderabad (January 5, 2005 to January 4, 2008)
  • Visiting Faculty, Indira Gandhi Institute of Development Research (IGIDR) Mumbai (January 2008 to December 2008)
  • Reader, Department of Economics, University of Hyderabad, Hyderabad (December 1989 to June 1998).
  • Associate Professor, Indira Gandhi Institute of Development Research (IGIDR), Mumbai (February 1988 to November, 1989).
  • Faculty Research Associate, National Institute of Bank Management (NIBM), Mumbai / Pune (July 1983 to February 10, 1988).
  • Research Associate (Lecturer), Centre for Economic and Social Studies (CESS), Hyderabad (October, 1981 to June, 1983)

Research Interest

  • Monetary and Financial Economics
  • International Finance
  • Applied Time Series Analysis.

Memberships

Association with Academic / Professional Bodies- Present and Past

  • Independent Director (non-official), Mazgoan Dock Ship Builders Limited, Ministry of Defence, GOI
  • Member, Board of Governors, Management Development Institute, Gurugaon, New Delhi
  • President, The Indian Econometric Society (2016-17)
  • Expert Member, Sub-Committee for Constructing Service Index for the Insurance Sector, DIPP, Ministry of Commerce, GOI, 2010.
  • Expert Member, Committee for Preparing Manual for Insurance Statistics, IRDAI, Hyderabad,
  • Life Member, Indian Econometric Society.
  • UGC Nominee, Special Assistance Program (SAP), School of Economics, University of Madras, Chennai
  • UGC Expert Committee to Review Special Assistance Programme (SAP)
  • Member, Academic Council, Madras Institute of Development Studies, Chennai
  • Nominated as Court Member. Manipur University
  • Member, Board of Studies in Economics, Sri Satya Sai Institute of Higher Learning, Puttaparthi.
  • Member, Expert Committee to Review Curriculum in Economics and Finance, BITS-Pilani.
  • Member, International Steering Committee for International Conference on Law and Economics, IIT Kanpur, 2016.
  • Member, School Board, School of Social Sciences and International Studies, Pondicherry University, Puducherry.
  • Member, Board of Studies, School of Social Sciences, IGNOU, New Delhi.
  • Member, Expert Committee, IGNOU, New Delhi, for Designing 2 Year M Sc Program in Actuarial Science.
  • Member, School Board, School of Vocational Educating and Training (SOVET), IGNOU, New Delhi.
  • Member Expert Committee to review the Ph D Programme in SOVET in IGNOU, New Delhi
  • Member, Executive Committee, The Indian Econometric Society, 2009-10
  • Member, Executive Committee, The Indian Econometric Society, 2011-12.
  • Member, Research Advisory Committee, Babasaheb Dr B R Ambedkar Studies and Research Centre, Bangalore University (2007-08)
  • Member, Research Advisory Committee, National Institute of Rural Development (NIRD), Hyderabad (2009-10)
  • Member, Board of Studies in Economics, MANUU, Hyderabad
  • Member, Publications Review Committee, NIRD, Hyderabad
  • Member, PG Board of Studies, Pondicherry University, Puducherry.
  • Member, Board of Studies in Applied Economics, Sri Padmavathi Mahila University, Tirupati (A P).
  • Member, PG Board of Studies in Economics, Osmania University PG Centre for Women, Koti, Hyderabad
  • Member, P G Board of Studies in Economics, Osmania University, Hyderabad.
  • Member, ad hoc Board of Studies, Integrated Programme in Economics, Adi Kavi Nannayya University, Rajahmundry
  • Member, Board of Studies in Economics, Bihar Central University, Patna.
  • Member, Board of Studies, Rajiv Gandhi University, Arunachal Pradesh.
  • Member, Board of Studies in Economics, Central University of Kerala, Kasargod, Kerala
  • Member, Academic Advisory Board, Loyola Institute of Business Administration (LIBA), Chennai.
  • Member, School Board, School of Management, Pondicherry University, Puducherry.
  • Member, School Board, School of Social Sciences, Nagaland Central University, Nagaland.
  • Member, P G Board of Studies in Economics, Nagaland Central University, Nagaland.
  • Member, School Board, School of Management Studies, University of Hyderabad, Hyderabad.
  • Member, Board of Studies in Economics, Yogi Vimana University, Kadapa.
  • Member, Board of Studies in Econometrics, S V University, Tirupati.
  • Member, Board of Studies in Economics, Tamil Nadu Central University, Tiruvarur.
  • Member, Board of Studies in Economics, Central University of Jammu, Jammu
  • Team Member for a pre-project proposal at IWMI, Colombo
  • Member, Subject Expert Committee, Institute of Management Technology, Hyderabad
  • Faculty in the Training Program for Bank Officers on Long Range Planning in Banks conducted by NIBM at Calcutta during October 1984.
  • Member of a faculty team for identifying Problematic Branches of a Public Sector Bank, at NIBM during 1986-87.
  • Member of a faculty team for a field – based project titled: Planning for the Development of Villages, at NIBM during 1985 87
  • Member of a team for preparing Medium Term Expenditure Framework for Health Sector of Andhra Pradesh, India.
  • Member, A P Economics Association.

Editorial Boards of Journals

  • Member, Editorial Advisory Board ICFAI Journal of Monetary Economics
  • Member, International Editorial Board, Macroeconomics Finance in Emerging Market Economies.
  • Member, Editorial Advisory Board, International Review Economics and Business.
  • Member, Editorial Advisory Board, Gitam Review of International Business.
  • Member, Editorial Board, Business Vision.
  • Member, Editorial Advisory Board, IUP Journal of Applied Economics.
  • Member, Editorial Advisory Board, Journal of Quantitative Economics.
  • Member, Editorial Advisory Board, Journal of Managerial Finance and Research
  • Co-editor (along with Prof S V Seshaiah and Sri G R K Murthy) of the IUP Publication titled: Select Issues in Macroeconomics: A Quantitative Approach, brought out as a festschrift for Professor Dilip Nachane in 2014.
  • Co-editor (along with C S Shylajan, S V Seshaiah, M Aruna and S Mukherjee) of the book: Current Issues in Economics and Finance, Published by Springer 2018.
  • Acted as Reviewer to several professional journals in India and outside.

Publications

  • 1. “Contagion among select global equity markets: A time frequency analysis”, Global Economy Journal, March 24, 2020. (With Avishek Bhandari)
  • 2. “Examining the differential impact of monetary policy in India: A policy simulation approach”Journal of Economics, Finance and Administrative Science, Forthcoming in 2021 issue No 1. (With Sajad A Bhat)
  • 3. Time varying nature of stock market interdependence: A global perspective”, EPW Special Issue on Money, Banking and Finance, March 28, 2020, Vol LV, No 13. (With Avishek Bhandari)
  • 4. “Uncertainty and effectiveness of monetary policy: A Bayesian Markov Switching-VAR Analysis”, Journal of Central Banking Theory and Practice, Vol. 9, Issue S1, July 2020, pp 237-265 (With Zulquar Nain)
  • 5. “Interstate Energy Efficiency of Indian Paper Industry: A slack-based non-parametric approach”, Energy, 2018, pp284-298. (With Javed A Bhat, Salman Haider)
  • 6. “Total Factor Productivity and Openness in Indian Economy: 1970-2011”, Foreign Trade Review, 2018, pp1-12. (With Salman Haider and Aadil Ahmad Ganaie.)
  • 7. “Some Basic Issues in Time Series Modelling”, Journal of Quantitative Economics, Vol. 16, 2018.
  • 8. “Fiscal Decentralization and Economic Growth: Evidence from Indian States”, South Asian Journal of Macroeconomics and Public Finance” (Sage), Vol 7, No 1, June 2018, PP 83-108. (With A A Ganaie, S A Bhat and N A Khan)
  • 9. “An Empirical Analysis of Indian Business Cycle Dynamics”, Economic Annals, New issue 213, 2017 pp 7-26. (With Rajendra N Paramanik).
  • 10. “Monetary Policy Rules: A Review of Taylor Rule”, Theoretical and Applied Economics, Vol xxiv, No 3(612), 2017, pp 5-16 (With Taufeequ Ajaz)
  • 11. “Fractal Market Hypothesis: Evidence for Nine Asian Forex Markets”, Indian Economic Review, Vol. 52, Issue 1-2. December, 2017, pp181-192. (With Anoop S Kumar, Chaithanya Jayakumar).
  • 12. “Returns and Volatility Spillover among Asian Equity Markets: A Wavelet Approach”, Economic Annals, Vol. 62, 2017, pp 63-84. (With Anoop S Kumar)
  • 13. “Asymmetric Exchange Rate Effect on Money Demand under Open Economy: A Case of India”, Economics Bulletin, Vol 37, 2017, No1, pp 168-179. (With Salman Haider and Aadil A Ganaie)
  • 14. “Estimating Option Implied Risk Aversion for Indian Markets”, IIM Kozhikode Society and Management Review, Vol 6, No 1, 2017 pp 90-97. (With Sonalika Sinha)
  • 15. “Wagner’s Hypothesis; An Empirical Verification”, IIM Kozhikode Society and Management Review, Vol 6, No1, 2017, pp1-12. (With Masudul Ahmed Adil and Aadil A Ganaie)
  • 16. “Stock Prices, Exchange Rate and Interest Rate: Evidence beyond Asymmetry” Journal of Financial Economic Policy, Vol 9, issue 1, 2017, pp 2-19. (With Toufeeq A, Md. Zulquar Nain and Naresh K Sharma)
  • 17. “Electricity Consumption and NSDP Nexus in Indian States: A Panel Analysis with Structural Breaks”, Economics Bulletin, Vol 37(3), 2017, pp 1581-1601. (With Md Zulquar Nain and Sai Sailaja B),
  • 18. “On the Dynamics of Inflation and Stock Returns in India”, Journal of Quantitative Economics, February 2017 pp 1-17. (With Avishek Bhandari)
  • 19. “A Wavelet Based Approach for Multi-Scale Analysis and Predictability of Stock Returns”, International Journal of Advanced Research, February 2016, No 29. (With Avishek Bhandari).
  • 20. “Efficiency Analysis of Indian Pharmaceutical Companies in the post TRIPS and post Product Patent Regime using Stochastic Frontier Approach”, Romanian Economic Journal, Issue 62, December 2016, XIX, pp 1-24. (With Aas Mohammad).
  • 21. “Determinants of Sovereign Debt Yields in Emerging Economies: Some Panel Inferences” Theoretical and Applied Economics, September 2016. (With A Srihari Nayudu and P G Goyari)
  • 22. “Efficiency, Non-linearity and Chaos: Evidence from BRICS Forex Markets”, Theoretical and Applied Economics, vol xxiii, no1,2016 pp 103-118. (With Anoop S Kumar).
  • 23. “Inflation and Openness in India: An Asymmetric Approach”, Macroeconomics and Finance in Emerging Market Economies”, vol 9, issue 2, pp 190-203, 2016. (With Toufeeq A and Md. Zulquar Nain and Naresh K Sharma)
  • 24. “Explaining Financial Crisis by Fractal Market Hypothesis: Evidence from The Indian equity Markets” The Hyperion International Journal of Econphysics and New Economy” vol 8, Issue 1, 2015, pp 66-83. (With Anoop S Kumar)
  • 25. “Microfinance Impact on Socio-Economic Empowerment of Women: A Special Reference to Andhra Pradesh”, International Journal of Finance and Banking Studies, 2015, 4(1), pp. 51-69. (With L V Vachya)
  • 26. “Economic Growth, Energy Consumption and CO2 Emissions in India: a Disaggregate Causal Analysis”, International Journal of Sustainable Energy, November 2015. (With Md. Zulquar Nain and Wasim Ahmed).
  • 27. “Predicting BOP Crises for Some Emerging Economies”, Theoretical and Applied Economics, No.1 2015 (602) spring. (With Archana Kulkarni)
  • 28. ” An Analysis of Lead-Lag Relationships between Stock Returns Using Spectral Methods”, The IUP Journal of Applied Economics, Vol. XIV, No1, January, 2015, pp 21-32. (With Avishek Bhandari)
  • 29. “Linear and Non-Linear Causal Nexus between Oil Price Changes and Stock Returns in India: An Empirical Assessment”. The IUP Journal of Applied Economics, Vol XIII, No 3, July 2014, pp27-44. (With Sajjad Ahmad Bhat and Md Zulquar Nain).
  • 30. “A SVAR Model for Monetary Policy Analysis in India”, Margin (Special Issue on Monetary Policy), Vol. 8, No 4, November 2014, pp 401-429. (With Rajendra N Paramanik).
  • 31. “Wavelet-Based Sample Entropy Analysis: A New Method to Test Weak Form Market Efficiency”, Theoretical and Applied Economics, Vol. XVI, No 8, 2014, pp 19-26 (With Anoop S Kumar).
  • 32. “A Complex Dynamical Analysis of the Indian Stock Market”, Economic Research International, Vol. (2014), Article ID 807580, 6 Pages. (With Anoop S Kumar).
  • 33. “Efficient Market Hypothesis: Some Evidences from the Emerging the European Forex Markets”, The Romanian Economic Journal, Vol. XVII, No. 52, June 2014, pp 27-44. (With Anoop S Kumar).
  • 34. “On Chaotic Nature of the Emerging European Forex Markets”, The Romanian Economic Journal, Vol. XVII, No. 53, pp 25-39, 2014. (With Anoop S Kumar).
  • 35. “Financial Development and Economic Growth in India: Some Evidence from Non- Linear Causality Analysis”, Economic Change and Restructuring, July 2014 (With Md..Zulquar Nain).
  • 36. “The Technical Efficiency of Pharmaceutical Industry in India: A Firm Level Analysis”, Asian Journal of Research in Business Economics and Management, Vol 3, No 12, December 2013, pp 98-117. (With Aas Mohammad).
  • 37. “On the Role of Trend and Cyclical Components in Electricity Consumption and India’s Economic Growth: A Co-integration and Co-feature Approach”, OPEC Energy Review, Vol 38, No 1, 2014, pp 107-126. (With Wasim Ahmad and Md. Zulquar Nain).
  • 38. “Indian Pharmaceutical Industry in Post-TRIP and Post Product Patent Regime: A Group- wise Analysis of Relative Efficiency using Non-Parametric Approach”, The IUP Journal of Applied Economics, Vl. VIII, No1, June 2014, pp 47-61. (With Aas Mohammad).
  • 39. “On the Relationship between Nominal and Real Effective Exchange Rates in India: Evidence from the ARDL Bounds Tests”, The IUP Journal of Applied Economics, Vol. XI, No. 4, October, 2012, pp 50-59. (With Md. Zulquar Nain)
  • 40. “Energy Consumption and India’s Economic Growth: A Disaggregated Analysis”, The Indian Economic Journal, Vol 60, No 3 pp 41-59, 2012. (With Md. Zulquar Nain and Wasim Ahmad)
  • 41. “Different Statistical Core Inflation Measures for India: Construction and Evaluation”, Macroeconomics and Finance in Emerging Market Economies, July 2012, pp 1-27 (With Motilal B Anand and Naresh K Sharma).
  • 42. “Variance Ratios, Structural Breaks and Non-Random Behaviour in the Indian Stock Returns”, Journal of Economics and Business Studies, Fall 2012. (With Gourishankar S Hiremath).
  • 43. “Do Stock Returns in India Follow a Random Walk?”, The IUP Journal of Applied Economics, Vol XI, No 2, April 2012, pp 48-58. (With Anver C Sadath and Gourishankar S Hiremath).
  • 44. “The Causal nexux between Stock and Forex Markets in India”, Indian Economic Journal, vol 59, No 3, October 2011, pp108-114 (With: P Sakthivel)
  • 45. “Hedging Efficiency of Commodity Futures Market in India”, IUP Journal of Financial Risk Management, Vol IX, No 2, 2012. (With Hussain C Yaganti).
  • 46. “Interlinkages among Asian, European and the US Stock Markets- A Multivariate Cointegration Analysis”, Journal of Economics and Behavioural Studies”, Vol 4, No 3, March 2012, pp 129-141. (With: P Sakthivel).
  • 47. “Correlation and Volatility Transmission across International Stock Markets- A Bivariate GARCH Analysis”, International Journal of Economics and Finance, Vol 4, No 3, March 2012, pp 253-264. (With P Sakthivel and Naresh Bodkhe).
  • 48. “The Effect of Derivatives Trading on Volatility of Underlying Stocks: Evidence from the NSE”, Indian Journal of Economics and Business, Vol 10, No 4, December 2011, pp 511-531 (With P Sakthivel).
  • 49. “Dynamic Relationship between Stock and Foreign Exchange Markets: Evidence from India”, Prajnan, Vol XL, No 3, 2011-12, pp 193-214. (With P Sakthivel).
  • 50. “An Empirical Analysis of Monetary Transmission in India in the Post- Reform Period: Relevance of the Banking Channel” The IUP Journal of Applied Economics, Vol X, No 4, October 2011, PP 5-22, (With Amaresh Samantaraya)
  • 51. “Testing Long Memory in Stock Returns of Emerging Markets Some Further Evidence”, Economics, Management and Financial Markets, Vol 6(3), 2011.(With Gourishankar Hiremath).
  • 52. “Is there a Random Walk in Indian Foreign Exchange Market?” International Journal of Economics and Finance, Vol 3, No 2, November 2011 (With Alpana Vats).
  • 53. “Expiration Effects of Stock Futures on Price and Volume of Underlying Stocks: Evidence from India”, The IUP Journal of Applied Economics, Vol X No 3, July 2011. (With Anver C Sadath).
  • 54. “Long Memory in Volatility: Evidence from India”, Artha Vijnana, Vol LII, No 4, December 2010, pp 332-345. (With Gourishankar S Hiremath).
  • 55. “Do Stock Returns in India Exhibit a Mean-Reverting tendency? Evidence from Multiple Structural Break Tests”, Banking and Finance Letters, Vol 2, Issue 4, December, 2010 (With Gourishankar S Hiremath).
  • 56. “Market Efficiency of Commodity Futures Market in India”, Gitam Review of International Business, Vol 3, No 2 January 11, pp 87-110. (With Yaganti C Hussain).
  • 57. “Modelling Business Cycles in India: A Markov Switching Approach”, Asian Economic Review, Vol 52, No 2, August 2010, pp 319-329. (With Wasim Ahmad).
  • 58. “Nonlinear Dependence in Stock Returns: Evidence from India”, Journal of Quantitative Economics, Vol 8, No 1, January 2010, pp 69-85. (With Gourishankar S Hiremath).
  • 59. ” Some Further Evidence on the Behaviour of Stock Returns in India”, International Journal of Economics and Finance, Vol 2, No 2, 2010, pp 157- 167. (With Gourishankar S Hiremath).
  • 60. ” Market Microstructure and Market Quality: A Review”, GITAM Review of International Business, Vol. 2, Issue 1, 2009, pp 69-92. (With Rajesh H Acharya).
  • 61. ” Evidence of Informed Trading in Single Stock Futures Market in the NSE”, Indian Journal of Economics and Business, Vol 8, No 2, December 2009, pp 387-394. (With Anver C Sadath).
  • 62. ” Price Discovery and Volatility Spillover between Spot and Futures Markets: Evidence from India”, IUP Journal of Applied Economics, Vol IX, No 2, 2010, PP 81-97 (With P Sakthivel).
  • 63. ” Liquidity Effect of Single Stock Futures on the Underlying Stocks: A Case of NSE”, The IUP Journal of Applied Economics, September-November 2009, pp 142-160. (With Anver C Sadath).
  • 64. “On the Random Walk Characteristics of Stock Returns in India”, Artha Vijnana, Vol LI, No 1, March 2009, pp 85-96 (Gourishankar S Hiremath and Anver C Sadath).
  • 65. ” An Empirical Analysis of Monetary Transmission Mechanism in India: A Synthetic Approach”, Journal of Quantitative Economics, Vol 7, No 1, January 2009, pp 23-36. (With Amaresh Samantaraya)
  • 66. “Futures Expiration Day effects on Spot Market Volatility: Evidence from NSE”, Asian Economic Review, Vol 50, No 3, 2008, pp 371- 385 (With P Sakthivel).
  • 67. “Futures Trading and Stock Market Volatility: A Case of S&P CNX Nifty Index”, GITAM Review of International Business, Vol 1, No 2, 2009, pp47-60 (With P Sakthivel).
  • 68. ” Price Effects of Introduction of Derivatives: Evidence from India”, ICFAI Journal of Applied Economics, Vol 7, No 5, 2008, pp 59-75 (With C V Chakrapani).
  • 69. “Price Integration in Indian Stock Market: A Case of BSE and NSE”, Business Vision, Vol 2, July- December 2005, pp 27-44. (With K S Reddy).
  • 70. “Spectral Analysis of Stock Prices in India: An Empirical Application” The ICFAI Journal of Applied Finance, Vol. 2, February 2005, pp 40-57 (With Pratap C Biswal).
  • 71. “On the Relevance of Monetary Models of Exchange Rate: Some Evidence from Asian Countries”, The Asian Economic Review, Vol .46, No 2, 2004, pp 204- 223. (With Sanghamitra Sahu).
  • 72. “Wavelet Analysis of the BSE Index”, The Journal of Quantitative Economics’, Vol 2, No1 New Series, January 2004, pp 133-146. (With Pratap C Biswal and P K Panigrahi).
  • 73. “Does Seasonal Pattern in Indian Stock Returns Contain a Unit Root?” Indian Journal of Economics and Business, Vol 1, No 2, December 2002, pp 207-219. (With Prabir K Mohanty).
  • 74. “Some Aspects of Monetary Targeting in India”, Asian-African Journal of Economics and Econometrics, Vol 2, No 2, December 2002, pp 112- 124. (With Sanghamitra Sahu).
  • 75. “Some Aspects of Inflation Targeting “Udyog Pragati, Vol 26, No 2, April-June 2002, pp 45- 52. (With Sanghamitra Sahu).
  • 76. “Monetary Targeting: Issues and Experience”, Indian Journal of Economics and Business, Vol 1, No 1, June 2002, pp 2-17. (With Sanghamitra Sahu)
  • 77. “Stock Market Volatility: Some Conceptual and Measurement Issues” Udyog Pragati, Vol 26, No 1 January-March 2002, pp 44-50. (With Prabir K Mohanty).
  • 78. “Stock Market Development and the Economy: An Overview”, Udyog Pragati, Vol 26, No 1 January—March 2002, pp 1-9. (With Pratap C Biswal).
  • 79. “Monetary Policy, Expected Inflation, Real Activity and Stock Returns in India: An Empirical Analysis”, Asian-African Journal of Economics and Econometrics, Vol 1, No 2, December 2001, pp 191-201. (With Chakradhar Panda)
  • 80. “Export-led Growth in India: What do the VARS Reveal?” Indian Journal of Economics, Vol LXXXII, No 324, July 2001, pp 103-119. (With: Geethanjali Nataraj and Pravakar Sahoo).
  • 81. “Productivity Differentials and the Real Exchange Rate: Empirical Evidence from India” Prajnan, Vol XXX, No 1, 2001-02, pp 59-67. (With Poorna C Parida and Maathai K Mathiyazagan).
  • 82. “Indian Stock Market: Price Integration and Market Efficiency”, Asian-African Journal of Economics and Econometrics, Vol 1, No 1, June 2001, pp 9-39. (With S Amanulla).
  • 83. “On Stock Market Development, Banks and Economic Growth in India”, Journal of Social and Economic Development, Vol 3, No 1, January-June 2001, pp 44-56. (With Pratap C Biswal).
  • 84. “Savings, Investment and Growth in India, Asian Economic Review, Vol 43, No 3, December 2001, pp 402-413. (With Pravakar Sahoo and Geethanjali Nataraj).
  • 85. “Savings and Economic Growth: The Long-run Nexus”, Savings and Development, Vol, XXV, No 1, 2001, pp 67—80 (With Pravakar Sahoo and Geethanjali Nataraj).
  • 86. “Simple Sum versus Divisia Monetary Aggregates: An Empirical Evaluation”, Economic and Political Weekly. Vol XXXVI, No 4, 2001, pp 317-326 (With Debashis Acharya).
  • 87. “Stock Market Development in India: Is There a Trend Break?” Economic and Political Weekly, Vol XXXVI, No 4, 2001, pp 377-384. (With Pratap C Biswal).
  • 88. “Volatility and its Persistence in Indian Stock market: A Case Study of 30 Scripts”, Journal of Foreign Exchange and International Finance, Vol 13, No 4, January-March 2000, pp 289- 303. (With Prabir K Mohanty).
  • 89. “Indian Stock Market: A Test of a Semi-Strong Form of Efficiency”, International Journal of Development Banking, Vol. 18, No 2, July-December, 2000, pp 17-26. (With S Amanulla and Allen Roy).
  • 90. Educational Expenditure of Large States: A Normative View”, Economic and Political Weekly, vol. XXXV, No.17, 2000, pp 1465-1469. (With Allen Roy and M Govinda Rao).
  • 91. “Monetary Asset Separability: Some Non-Parametric Evidence”, The Indian Economic Journal, Vol.47, July-September 1999, pp.56-67. (With Debashish Acharya).
  • 92. “Labour Supply, Fertility and Wage among Married Women: A Case Study of Muslims of Hyderabad City”, Asian Economic Review, Vol.41, No.2, August 1999, pp.276-293. (With Hazira Begum and Md Mohsin).
  • 93. “Monetary Aggregation: A Survey of Major Issues and Evidences”, Artha Vijnana, Vol. XL, No.4, December 1998, pp 396-430. (With Debashis Acharya).
  • 94. "Currency Equivalent Monetary Aggregates: Do they have an Edge over their Simple Sum Counterparts?" Economic and Political Weekly, Vol. 33, No. 13, 1998, pp. 717-719. (With Debashis Acharya).
  • 95. Asset Price Behaviour in Indian Stock Market: Is the CAPM still relevant?" Journal of Financial Management and Analysis, Vol. 11, No.1, 1998. (With S Amanulla).
  • 96. "Indian Stock Market: Is it Informationally Efficient?”, Prajnan, Vol. 26, No. 4, January- March, 1998, pp. 473-485. (With S Amanulla)
  • 97. "Asset Price Behaviour in Indian Stock Market: How Inadequate is Arbitrage Pricing Theory?” International Journal of Development Banking, Vol. 15, No. 2, July 1997, pp.39- 61. (With S Amanulla).
  • 98. "Asset Price Behaviour in Indian Stock Market: Is Conditional CAPM Relevant?” Artha Vijnana, Vol. 39, No. 4, 1997, pp. 421-456. (With S Amanulla).
  • 99. "Information Arrivals, Stock Price Variability and Market Efficiency in Indian Stock Markets", Artha Vijnana, Vol. 38, No. 1, 1996, pp. 20-33. (With S Amanulla).
  • 100. "Wagner's Hypothesis: Evidence from the Indian States", The Indian Economic Journal, Vol. 43, No. 1, July-September, 1995, pp. 76-95. (With Md Mohsin and S Shridevi).
  • 101. "Stock Market Efficiency: Review of Indian Evidence", Prajnan, Vol. 24, No. 3, October- December, 1995, pp. 257-280. (With S Amanulla).
  • 102. "Wagner's Hypothesis in Developing Countries: Evidence from Time Series Analysis", Artha Vijnana, Vol. 37, No. 3, September 1995, pp. 231-250. (With Md Mohsin and S Shridevi).
  • 103. "Market Integration as an Alternative Test of Market Efficiency: A Case of Indian Stock Market", Artha Vijnana, Vol. 37, No. 3, September 1995, pp. 215-230. (With S Amanulla).
  • 104. "Monetary Models of Balance of Payments under Fixed and Managed Floating Exchange Rates: The Indian Case", The Indian Economic Journal, Vol. 42, No. 3, January-March, 1995, pp. 50-69 (With K G Sahadevan).
  • 105. "Separability of Monetary Assets: Some Evidence from Approximation Analysis for India", Journal of Quantitative Economics, Vol. 10, No. 2, pp. 337-350. (With M Ramachandran).
  • 106. “Sterilization Adoption and Socio-Demographic Factors: Some Evidence from the NSS Data of Andhra Pradesh", Artha Vijnana, Vol. 36, No. 2, June 1994, pp. 93-112. (With P Satya Sekhar and C P Nagi Reddy).
  • 107. “Failure Prediction Models: A Review Article", Prajnan, Vol. 23, No.2, July-September, 1994, pp. 143-166. (With V Nirmala, K Sham Bhat and S Amanulla).
  • 108. "Exchange Rate and Domestic Prices in India: The Causal Nexus", Journal of Foreign Exchange and International Finance, Vol. 7, No. 4, January-March, 1994, pp. 400-408. (With Satyananda Sahoo and Md Mohsin).
  • 109. "On Testing the Erogeneity Specification Underlying the Monetary Approach to BoP: Some Indian Evidence", Artha Vijnana, Vol. 35, No. 2, June, 1993, pp. 133-149. (With K G Sahadevan).
  • 110. "Causality between Money and Prices in India: A Futile Search for Consistent Evidence", The Indian Journal of Economics, Vol. 73, No. 291, April 1993, pp. 419-437. (With Md Mohsin and M Ramachandran)
  • 111. "Labour Supply Behaviour of Wives with Living Spouse in Pondicherry Region", Manpower Journal, Vol. 29, No. 1, April-June 1993, pp. 21-37. (With V Nirmala).
  • 112. "Causality between Tax Revenue and Expenditure of Indian States:” The Indian Economic Journal, Vol. 40, No. 4, April-June 1993, pp. 109-118. (With K Sham Bhat and V Nirmala)
  • 113. "PPP Doctrine: An Empirical Verification through Cointegration Techniques" Journal of Foreign Exchange and International Finance, Vol. 6, January-March, 1993, pp. 411-428. (With: Md Mohsin).
  • 114. ” Causality between Public Expenditure and National Income in India: Additional Evidence through Error Correction Models", Asian Economic Review, Vol. 34, 1992, pp. 375-390. (With Md Mohsin and K Sham Bhat).
  • 115. “Causality between Money and Prices in India: Some Evidence from Cointegration and Error Correction Models", Singapore Economic Review, Vol. 37, No. 2, October 1992, pp. 101-108. (With M Ramachandran).
  • 116. "Stock Prices and Demand for Money: The Indian Case", Prajnan, Vol. 21, No. 3, October- December, 1992, pp. 309-323. (With M Thomas Paul)
  • 117. “Work Participation Behaviour of Married Women with Living Husbands: A Case of Rural and Urban Pondicherry", Artha Vijnana, Vol. 34, No.3, 1992, pp. 325-336. (With V Nirmala, K Sham Bhat and Md Mohsin)
  • 118. "Income, Absorption and Trade Balance: A Causal Test of Alexander's Hypothesis", The Indian Journal of Economics, Vol. 72, No. 287, April 1992, pp. 473-484. (With K G Sahadevan)
  • 119. "Inter-Regional Variation in Labour Productivity in Indian Agriculture: A Simultaneous Equation Approach", Artha Vijnana, Vol. 33, No. 3, September 1991, pp. 229-240. (With S Mahendra Dev and Shantanu M Deshpande).
  • 120. "Exchange Rate Models: A Review of Theory and Evidences", Journal of Foreign Exchange and International Finance, Vol. 6, No. 3, July-September, 1991, pp. 229-240. (With Uma Rani)
  • 121. "Monetary Aggregates for India: A Re-Examination", Asian Economic Review, Vol. 33, No. 2, August 1991, pp. 223-244. (With M Ramachandran).
  • 122. "Causality between Public Expenditure and National Income in India", Margin, Vol. 23, No. 4, July-September, 1991, pp. 333-341. (With: K Sham Bhat and V Nirmala).
  • 123. "Balance of Payments Theories: A Survey", Prajnan, Vol. 20, No. 2, April-June 1991, pp. 145-163. (With K G Sahadevan).
  • 124. "Causality and Absorption Approach to Devaluation in India", Journal of Foreign Exchange and International Finance, Vol. 5, No. 1, January-March, 1991, pp. 37-42. (With K G Sahadevan).
  • 125. "Studies on Bank Profitability with Special Reference to Indian Banks", Asian Economic Review, Vol. 32, No. 3, December, 1990, pp. 429-460. (With Kishore G Kulkarni and O P Chawla).
  • 126. "Estimation of Performance Probabilities for Aggregate Yields: An Analysis of AgroClimatic Regions in India", Journal of Quantitative Economics, Vol. 6, No. 1, January 1990, pp. 105-
  • 126. (With S Mahendra Dev and Shantanu M Deshpande).
  • 127. "A Note on Leadership at the Top and Deposit Growth: Some Evidence from a Nationalized Bank", Banking Finance, Vol. 11, May. 1989, pp. 3-6. (With V Chitti Babu).
  • 128. "Modeling DM - $ Exchange Rate: A VAR Approach", Prajnan, Vol. 18, No. 3, April-June 1989, pp. 277-288. (With P Nandakumar and Hemanta K Pradhan).
  • 129. "Forecasting Exchange Rates: Some Time Series Evidence", Journal of Foreign Exchange and International Finance, Vol.2, No. 4, December 1988. (With P Nandakumar and Hemanta K Pradhan).
  • 130. "On the Random Walk Characteristics of Exchange Rates: Some Further Evidence", Artha Vijnana, Vol. 30, No. 3, September, 1988, pp. 241-256. (With P Nandakumar and Hemanta K ¬Pradhan)
  • 131. “A Ratio Analysis of Bank Branches: A Case Study of a Nationalized Bank in Tamil Nadu Region", Decision, Vol. 15, No. 2, April-June, 1988, pp. 131-140. (With P D Nayak and V S Kaveri)
  • 132. "On the Determinants of Industrial Output in India", Prajnan, Vol. 16, No. 3, July- September 1987, pp. 329-352. (With Donta Balaiah and V S Kaveri).
  • 133. “On the Use of Financial Ratios for Classifying Banks in India”, Decision, Vol. 14, No. 3, July- September, 1987, pp. 115-125. (With Sujatha V Date)
  • 134. "Bank Deposits in 2001 AD: Some Time Series Forecasts", Prajnan, Vol. 16, No. 2, April- June 1987, pp. 185-193. (With D M Nachane and Donta Balaiah).
  • 135. "Deposit Forecasting for a Public-Sector Bank in India: Some ARIMA Estimates", Prajnan, Vol. 16, No. 2, April-June 1987, pp. 195-202. (With V Chittibabu)
  • 136. ‘An ARIMA Model of Velocity of Money in India", Margin, Vol. 19, No. 2, January-March, 1987, pp. 32-42. (With M Thomas Paul, Beena Shete and Madhurani Ogale)
  • 137. "Tax Buoyancies and Elasticities", Margin, Vol. 19, No. 1, October, 1986, pp. 42-49. (With Ganti Subrahmanyam and S B Swami).
  • 138. "Household Savings in India: Some Observations", Prajnan, Vol. 15, No. 3, July-September, 1986, pp. 359-368. (With C Gajendra Naidu).
  • 139. "Inter-Sectoral Financial Transactions in the Indian Economy, 1951-52 to 1975-76", Prajnan, Vol. 15, No. 3, July-September, 1986, pp. 295-332. (With S B Swami).
  • 140. "Foundation and Tests of Causality - A Review", Prajnan, Vol. 15, No. 1, January-March, 1986, pp. 77-92. (With G L Karkal, Vishakha Desai and Ganti Subrahmanyam).
  • 141. "Functional Forms and Stability of Macro Money Demand Function in India", Prajnan, Vol. XIV, No. 2, April-June 1985, pp. 181-198.
  • 142. "Saving, Financial Intermediation, and Economic Growth: Some Empirical Evidence", Prajnan, Vol. 14, No. 2, April-June, 1985, pp. 151-161. (With: Ganti Subrahmanyam).
  • 143. "Demand for Money in India: Some Structural Estimates", The Indian Journal of Economics, Vol. 64, No. 254, January 1984, pp. 345-351. (With Gautam K Mitra and Ganti Subrahmanyam).
  • 144. "Administrative Costs and Tax Revenue: Some Theory and Evidence", Public Finance, Vol. 38, No. 2, 1983, pp. 282-292. (With Ganti Subrahmanyam).
  • 145. "Some Further Evidence on the Definition of Money Stock for India", Prajnan, Vol. 7, No. 3, July-September, 1983, pp. 175-183. (With Ganti Subrahmanyam).
  • 146. "Functional Forms and Temporal Changes in Money Demand Elasticities: Some Evidences for India", Margin, Vol. 15, No. 3, April 1983, pp. 59-72. (With Joseph Abraham and C Gajendra Naidu).
  • 147. "A Test of Homogeneity Hypothesis on the Demand for Money in India", Rajasthan Economic Journal, Vol. 7, No. 1, January 1983, pp. 1-9.
  • 148. “A VES Production Function for Indian Manufacturing: An Empirical Test", Udyog Pragati, Vol. 7, No. 1, January-march, 1983 (With Ganti Subrahmanyam and S Sudhakar Reddy).
  • 149. “Some Observations on the Fisher Equation”, Indian Journal of Commerce, Vol.35, Part 4, No.133, December 1982, pp 96-103. (With Ganti Subrahmanyam).
  • 150. “Variability of Expectations and Demand for Money in India, 1951-78”, Margin, Vol.14, No.3, April 1982, pp.61-67. (With: Ganti Subrahmanyam).
  • 151. “An Empirical Definition of Money for India: Some Factor Analytic Evidence”, Malayan Economic Review, (now Singapore Economic Review) Vol.27, No.1, April 1982, pp.35-44.(With L M Bhole).
  • 152. “On an Empirical Definition of Money: A Canonical Correlation Approach”, Vishleshan, Vol.7, No.3-4, September-December, 1981, pp.212-217.
  • 153. “Financial Incentives and Labour Productivity: A Study in six Manufacturing Units”, The Indian Journal of Labour Economics, Vol.24, No.3, October 1981, Pp.162-169. (With A V Muthu Krishnan and T V Sethuraman).
  • 154. “Variability of Rate of Inflation and the Demand for Money in India, 1951-78”, The Indian Journal of Commerce, Vol.34, No.128, September 1981, pp.14-26. (With L M Bhole).
  • 155. “Behaviour of Nominal Interest Rates in India”, Rajasthan Economic Journal, Vol.5, No.2, July 1981, pp .41-52. (With M Thomas Paul and Narendra K Bhushri).
  • 156. “A Definition of Money Stock for India: Some Empirical Evidence”, Udyog Pragati, Vol.5, No.2, April-June 1981. (With L M Bhole).
  • 157. “On the Stability of Corporate Liquidity Preference in India, 1951-74”, Margin, Vol.13, No.3, April 1981, pp 25-34. (With L M Bhole).
  • 158. “Generalized Functional Forms and Corporate Demand for Money in India, 1951-1974”, The Indian Journal of Economics, Vol. 61, No.240, July 1980, pp.89-87. (With L M Bhole).
  • 159. “The Generalized Money Demand Function: A Theoretical Discussion”, Rajasthan Economic Journal, Vol. 4, Nos.1-2, January-July, 1980, pp.61-69. (With P Ramanaiah).
  • 160. “Functional Forms, Inflationary Expectations and Demand for Money in India, 1951-76”, Artha-Vikas, Vol. 15, No.2, July-December 1979, pp.67-78. (With M Thomas Paul and L M Bhole)
  • 161. An Empirical Study of Velocity of Money Functions in India: 1951-52 to 1974- 75’, Vishleshan. Vol.5, No.4. December 1979, pp.314-322 (With M Thomas Paul).

Papers in Edited Books

  • 1. “Export Promotion Hypothesis in Asian Countries: A Reexamination”, in D M Nachane and M J M Rao (Eds.) Macroeconomic Challenges and Development Issues, Himalaya Publishing House, Mumbai, 1997. (With Md Mohsin).
  • 2. “A Search for Some Separable Monetary Asset Blocks: The Indian Case”, in A Vasudevan et. al. (Eds.) Fifty Years of Development Economics: Essays in Honour of Prof. P R Brahmananda, Himalaya Publishing House, 1999 (With Debashis Acharya)
  • 3. “A Search for Stable Money Demand Function for India: A Co integration Approach”, in B B Bhattacharya and Arup Mitra (Eds), Studies in Macroeconomics and Welfare, Academic Foundation and TIES, pp 143-170, 2005. (With Arun Kumar Giri).
  • 4. “Effects of Futures Trading on Spot Market Volatility: Evidence from the Indian Spot Market” in Basabi Bhattacharya and Malabika Roy (Eds) Collection of Essays in Finance, Allied Publishers, New Delhi, 2009. (With P Sakthivel).
  • 5. “Direction of Trade, Exchange Rate Regimes and Financial Crises: The Indian Case”, in Analytical Issues in Trade, Development and Finance, a volume brought out in Honour of Professor Biswajit Chatterjee, edited by Ambarnath Ghosh and Asim Karmakar, Springer (Indian Studies in Business and Economics), 2014. (With Rajendra N Paramanik)
  • 6. “Co-movement among Asian Forex Markets” in the edited book titled, Current Issues in Economics and Finance, Sprinter Publication, 2017, Edited by B Kamaiah et al. (with Anoop S Kumar

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