Ph.D. (Maryland)
Area of Specialization:Applied Macroeconomics, International Economics.

Publications:

Big Reforms but Small Payoffs: Explaining the Weak Record of Growth and Employment in Indian Manufacturing, 2008, with Rana Hasan and Utsav Kumar, forthcoming, India Policy Forum 2009.

What Constrains Indian Manufacturing?, 2008 (with Rana Hasan and Utsav Kumar), forthcoming in Emerging Giants: China and India in the World Economy, edited by B. Eichengreen, P. Gupta and R. Kumar.

Reforms of the State Owned Enterprises in China, 2008, (with A. Palit), forthcoming Asian Development Bank.

Foreign Banks in Poor Countries: Theory and Evidence, 2008, (with E. Detragiache, and T. Tressel) IMF Working Paper, forthcoming, Journal of Finance.

Output Response during Currency Crises, 2006, (with D. Mishra and R. Sahay) IMF Working Paper, WP/03/230, Journal of International Economics.

IMF Programs and Sudden Stop, 2006, (with Barry Eichengreen and Ashoka Mody), IMF WP/06/, NBER Working paper, 12235, published in Financial Markets Volatility and Performance in Emerging Markets, edited by Sebastin Edwards and Marcio G. P. Garcia.

Aftermath of Banking Crises: Effects on Real and Monetary Variables, 2005, Journal of International Money and Finance., Vol 24, 675-691.

Inside the Crisis: An Empirical Analysis of Banking Systems in Distress, 2006, (with E. Detragiache and A. Demirguc-Kunt) Journal of International Money and Finance.

Can Monetary Policy Stabilize the Exchange Rate Following a Currency Crisis?, 2002, (with Ilan Goldfajn), IMF Staff Papers, 50 (1): 90-114.

How do Foreign Banks Fare in Crises? Malaysia, 1997-99, 2006, (with E. Detragiache) Journal of Financial Stability, Vol. 2, Issue 3, 217-242.

Anti-dumping Duty v Price Negotiations, 1998, (with Arvind Panagariya), World Economy, 21 (8): 1003-1019.

Injury Investigations and the Super-Additivity Effect: A Theoretical Explanation, 2006, (with Arvind Panagariya) Weltwirtschaftliches Archiv.

Overshootings and Reversals: The Role of Monetary Policy, 2001, (with Ilan Goldfajn), in Banking, Financial Integration and International Crises, edited by L. Hernandez and K. Schmidt-Hebbel, Central Bank of Chile, 3: 279-302.

Services Revolution in India, 2004, (with James Gordon), in India’s and China’s Recent Experience with Reform and Growth, edited by W. Tseng, and D. Cowen (cited in Business standard, Financial express, Times of India, Hindu Business Line, Business Outlook, Economist).

Understanding the Growth Momentum in India’s services, 2006, (with Enric Fernandez) IMF Volume, edited by C. Purfield, and J. Schiff.

NRI Deposits in India: Trends and Determinants, 2004, (with James Gordon), Economic and Political Weekly, XXXIX (37):4165-4174.

Macroeconomic Determinants of Remittances: Evidence from India, 2006, Economic and Political Weekly.