Details about Ajay Shah

Access statistics for papers by Ajay Shah.

Last updated 2024-09-07. Update your information in the RePEc Author Service.

Short-id: psh40

Working Papers

2024

1. Rethinking innovation policy in India: Amplifying spillovers through contracting-out
   Working Papers, xKDR
2. Solarisation in agriculture in Tamil Nadu: A first principles evaluation
   Working Papers, xKDR
   Also in Working Papers, Trustbridge Rule of Law Foundation (2024)
3. The electricity chokepoint in Tamil Nadu public finance
   Working Papers, xKDR
   Also in Working Papers, Trustbridge Rule of Law Foundation (2024)
4. Who lends to the Indian state?
   Working Papers, xKDR

2023

5. Lost in translation: Legislative drafting and judicial discretion
   Working Papers, Trustbridge Rule of Law Foundation
6. The journey of Indian finance
   Working Papers, xKDR
7. Understanding deviations from the fiscal responsibility law in India
   Working Papers, xKDR View citations (3)
   Also in Working Papers, National Institute of Public Finance and Policy (2023) View citations (2)
8. Women's ownership in land, their agency and tenure security: A case study of Maharashtra
   Working Papers, xKDR

2022

9. Comments to MEITY on the Draft National Data Governance Framework Policy
   Working Papers, xKDR
10. Crime victimisation surveys in Indian criminal justice system reform
    Working Papers, xKDR
11. Foundations for nighttime lights data analysis
    Working Papers, xKDR
12. Process improvement for government drug procurement in India
    Working Papers, xKDR

2021

13. But clouds got in my way: Bias and bias correction of VIIRS nighttime lights data in the presence of clouds
    Working Papers, xKDR
14. Distribution of self-reported health in India: The role of income and geography
    Working Papers, xKDR
15. How elements of the Indian state purchase drugs
    Working Papers, xKDR
16. Indian health policy in the light of Covid-19: The puzzles of state capacity and institutional design
    Working Papers, xKDR
    See also Journal Article Indian Health Policy in Light of COVID-19: The Puzzle of State Capacity and Institutional Design, India Policy Forum, National Council of Applied Economic Research (2021) (2021)
17. Should consumers be prohibited from storing card data on the internet?
    Working Papers, xKDR
18. Strategic patience and flexible policies: How India can rise to the China challenge
    Working Papers, xKDR View citations (1)
19. The lowest hanging fruit on the coconut tree: India's climate transition through the price system in the power sector
    Working Papers, xKDR

2020

20. Responding to the new coronavirus: An Indian policy perspective
    Working Papers, National Institute of Public Finance and Policy View citations (2)
21. Who cares about the Renminbi?
    2020 Papers, Job Market Papers View citations (1)

2019

22. Chennai 2015: A novel approach to measuring the impact of a natural disaster
    Working Papers, National Institute of Public Finance and Policy View citations (4)
23. Exporting and Firm Performance: Evidence from India
    Working Papers, eSocialSciences View citations (1)
    Also in Working Papers, National Institute of Public Finance and Policy (2018) View citations (4)
    See also Journal Article Exporting and firm performance: evidence from India, Indian Growth and Development Review, Emerald Group Publishing Limited (2018) View citations (3) (2018)
24. How to Modernise the Working of Courts and Tribunals in India
    Working Papers, eSocialSciences View citations (2)
25. Measuring business cycle conditions in India
    Working Papers, National Institute of Public Finance and Policy View citations (3)

2018

26. Building State capacity for regulation in India
    Working Papers, National Institute of Public Finance and Policy View citations (3)
27. Business Cycle Measurement in India
    Working Papers, eSocialSciences View citations (2)
    Also in Working Papers, National Institute of Public Finance and Policy (2018) View citations (4)
    See also Chapter Business Cycle Measurement in India, Societies and Political Orders in Transition, Springer (2019) View citations (3) (2019)
28. Diagnosing and overcoming sustained food price volatility: Enabling a National Market for Food
    Working Papers, National Institute of Public Finance and Policy View citations (2)
29. Fair play in Indian Health Insurance
    Working Papers, National Institute of Public Finance and Policy View citations (1)
30. The rise of government-funded health insurance in India
    Working Papers, National Institute of Public Finance and Policy View citations (2)

2017

31. An exchange market pressure measure for cross-country analysis
    Working Papers, National Institute of Public Finance and Policy View citations (31)
    See also Journal Article An exchange market pressure measure for cross country analysis, Journal of International Money and Finance, Elsevier (2017) View citations (27) (2017)
32. Competition Issues in India's Online Economy
    Working Papers, National Institute of Public Finance and Policy
    Also in Working Papers, eSocialSciences (2017) View citations (1)

2016

33. Dating Business Cycles in India
    Working Papers, National Institute of Public Finance and Policy View citations (8)
    See also Journal Article Dating business cycles in India, Indian Growth and Development Review, Emerald Group Publishing Limited (2017) View citations (12) (2017)
34. Foreign Currency Borrowing by Indian Firms: Towards a New Policy Framework
    Working Papers, National Institute of Public Finance and Policy View citations (3)
    See also Journal Article Foreign Currency Borrowing by Indian Firms: Toward a New Policy Framework, India Policy Forum, National Council of Applied Economic Research (2016) View citations (4) (2016)
35. Motivations for capital controls and their effectiveness
    Working Papers, National Institute of Public Finance and Policy View citations (16)
    Also in Staff Working Papers, Bank of Canada (2015) View citations (12)
    See also Journal Article Motivations for capital controls and their effectiveness, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2021) View citations (8) (2021)
36. Seasonal adjustment of Indian macroeconomic time-series
    Working Papers, National Institute of Public Finance and Policy View citations (2)

2014

37. The imprecision of volatility indexes
    Indira Gandhi Institute of Development Research, Mumbai Working Papers, Indira Gandhi Institute of Development Research, Mumbai, India

2013

38. Foreign Investors Under Stress: Evidence from India
    IMF Working Papers, International Monetary Fund View citations (8)
    Also in Working Papers, National Institute of Public Finance and Policy (2012) View citations (4)
    See also Journal Article Foreign Investors under Stress: Evidence From India, International Finance, Wiley Blackwell (2013) View citations (8) (2013)
39. Learning by Exporting: Evidence from India
    Working Papers on Regional Economic Integration, Asian Development Bank View citations (8)
40. The Investment Technology of Foreign and Domestic Institutional Investors in an Emerging Market
    IMF Working Papers, International Monetary Fund View citations (6)
    Also in Working Papers, National Institute of Public Finance and Policy (2013) View citations (6)
    See also Journal Article The investment technology of foreign and domestic institutional investors in an emerging market, Journal of International Money and Finance, Elsevier (2013) View citations (6) (2013)

2012

41. New Thinking on Corporate Bond Market in India
    Working Papers, eSocialSciences View citations (5)
    Also in Working Papers, National Institute of Public Finance and Policy (2012) View citations (3)

2011

42. Civil Service and Military Pensions in India
    Working Papers, National Institute of Public Finance and Policy View citations (3)
    Also in CIS Discussion paper series, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University (2011) View citations (3)
43. Did the Indian capital controls work as a tool of macroeconomic policy?
    Working Papers, National Institute of Public Finance and Policy View citations (14)
44. Export versus FDI in services
    Working Papers, National Institute of Public Finance and Policy View citations (15)
    See also Journal Article Export Versus FDI in Services, The World Economy, Wiley Blackwell (2012) View citations (15) (2012)
45. Financial Sector Reform in India: Time for a Second Wave?
    OECD Economics Department Working Papers, OECD Publishing View citations (11)
46. How to measure inflation in India?
    Working Papers, National Institute of Public Finance and Policy View citations (1)
47. India's Financial Globalisation
    IMF Working Papers, International Monetary Fund View citations (2)
    Also in Working Papers, National Institute of Public Finance and Policy (2011) View citations (3)
48. Indian social democracy: The resource perspective
    Working Papers, National Institute of Public Finance and Policy View citations (1)
49. Monetary Policy Transmission in an Emerging Market Setting
    IMF Working Papers, International Monetary Fund View citations (46)
    Also in Working Papers, National Institute of Public Finance and Policy (2011) View citations (54)
50. Reforming the Indian financial system
    Working Papers, National Institute of Public Finance and Policy View citations (4)
51. Who cares about the Chinese Yuan?
    Working Papers, National Institute of Public Finance and Policy View citations (18)

2010

52. Asia Confronts the Impossible Trinity
    ADBI Working Papers, Asian Development Bank Institute View citations (7)
    Also in Macroeconomics Working Papers, East Asian Bureau of Economic Research (2010) View citations (7)
    Macroeconomics Working Papers, East Asian Bureau of Economic Research (2010) View citations (7)
    Working Papers, eSocialSciences (2010) View citations (7)
    Working Papers, National Institute of Public Finance and Policy (2010) View citations (7)
    See also Chapter Asia Confronts the Impossible Trinity, Chapters, Edward Elgar Publishing (2012) View citations (27) (2012)
53. Determinants of Trade Misinvoicing
    Working Papers, eSocialSciences View citations (6)
    Also in Working Papers, National Institute of Public Finance and Policy (2010) View citations (6)
    See also Journal Article Determinants of Trade Misinvoicing, Open Economies Review, Springer (2012) View citations (15) (2012)
54. Foreign Shareholding: A Decomposition Analysis
    Working Papers, eSocialSciences
    Also in Working Papers, National Institute of Public Finance and Policy (2010)
    See also Journal Article Foreign shareholding: a decomposition analysis, Applied Financial Economics, Taylor & Francis Journals (2011) (2011)
55. Graduating to Globalisation: A Study of Southern Multinationals
    Finance Working Papers, East Asian Bureau of Economic Research View citations (4)
    Also in Working Papers, eSocialSciences (2010)
    Working Papers, National Institute of Public Finance and Policy (2010) View citations (1)
    See also Journal Article Graduating to globalisation: a study of Southern multinationals, Indian Growth and Development Review, Emerald Group Publishing Limited (2013) View citations (5) (2013)
56. Stabilising the Indian business cycle
    Working Papers, National Institute of Public Finance and Policy View citations (5)
57. The Exchange Rate Regime in Asia: From Crisis to Crisis
    Working Papers, eSocialSciences View citations (6)
    Also in Working Papers, National Institute of Public Finance and Policy (2010) View citations (6)
    Finance Working Papers, East Asian Bureau of Economic Research (2010) View citations (4)
    See also Journal Article The exchange rate regime in Asia: From crisis to crisis, International Review of Economics & Finance, Elsevier (2011) View citations (36) (2011)
58. Understanding the ADR premium under market segmentation
    Working Papers, National Institute of Public Finance and Policy View citations (4)
    Also in Finance Working Papers, East Asian Bureau of Economic Research (2010) View citations (4)
    Working Papers, eSocialSciences (2010) View citations (4)
59. Why India Choked when Lehman Broke
    Working Papers, eSocialSciences View citations (8)
    Also in Working Papers, National Institute of Public Finance and Policy (2010) View citations (14)
    Finance Working Papers, East Asian Bureau of Economic Research (2010) View citations (7)
    See also Journal Article Why India Choked when Lehman Broke, India Policy Forum, National Council of Applied Economic Research (2010) View citations (9) (2010)

2009

60. Does the Currency Regime Shape Unhedged Currency Exposure?
    Working Papers, eSocialSciences View citations (1)
    Also in Working Papers, National Institute of Public Finance and Policy (2008) View citations (6)
    See also Journal Article Does the currency regime shape unhedged currency exposure?, Journal of International Money and Finance, Elsevier (2010) View citations (24) (2010)
61. Examining the Decoupling Hypothesis for India
    Working Papers, eSocialSciences View citations (11)
    Also in Trade Working Papers, East Asian Bureau of Economic Research (2009) View citations (12)
    Working Papers, National Institute of Public Finance and Policy (2009) View citations (11)
62. The Difficulties of the Chinese and Indian Exchange Rate Regimes
    Working Papers, eSocialSciences View citations (11)
    Also in Macroeconomics Working Papers, East Asian Bureau of Economic Research (2009) View citations (11)
    Working Papers, National Institute of Public Finance and Policy (2009) View citations (11)
    See also Journal Article The difficulties of the Chinese and Indian exchange rate regimes, European Journal of Comparative Economics, Cattaneo University (LIUC) (2009) View citations (14) (2009)

2008

63. Early Warnings of Inflation in India
    Working Papers, eSocialSciences View citations (8)
    Also in Working Papers, National Institute of Public Finance and Policy (2008) View citations (6)
64. Managing Capital Flows: The Case of India
    Working Papers, eSocialSciences View citations (8)
    Also in Working Papers, National Institute of Public Finance and Policy (2008) View citations (10)
    See also Chapter Managing Capital Flows: The Case of India, Chapters, Edward Elgar Publishing (2010) View citations (3) (2010)
65. New issues in Indian macro policy
    Working Papers, National Institute of Public Finance and Policy View citations (15)
    Also in Working Papers, eSocialSciences (2008) View citations (10)

2005

66. A sustainable and scalable approach in Indian pension reform
    Working Papers, eSocialSciences View citations (1)
67. Improving governance using IT systems
    Working Papers, eSocialSciences View citations (1)
68. India's Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Deficit
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
    See also Chapter India's Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Deficit, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (12) (2007)
69. Interest-rate risk in the Indian banking system
    Risk and Insurance, University Library of Munich, Germany View citations (7)

2000

70. The relevance of index funds for pension investment in equities
    Policy Research Working Paper Series, The World Bank View citations (8)

1995

71. The Indian IPO Market: Empirical Facts
    Finance, University Library of Munich, Germany View citations (17)
72. The Indian IPO Market: Suggestions for Institutional Arrangements
    Finance, University Library of Munich, Germany
73. The Tale of One Market Inefficiency: Abnormal Returns around GDR Issues by Indian Firms
    Finance, University Library of Munich, Germany View citations (1)
74. The impact of speculation upon volatility and market efficiency: The badla experience on the BSE
    Finance, University Library of Munich, Germany View citations (4)

Journal Articles

2021

1. Indian Health Policy in Light of COVID-19: The Puzzle of State Capacity and Institutional Design
   India Policy Forum, 2021, 17, (1), 31-75
   See also Working Paper Indian health policy in the light of Covid-19: The puzzles of state capacity and institutional design, Working Papers (2021) (2021)
2. Motivations for capital controls and their effectiveness
   International Journal of Finance & Economics, 2021, 26, (1), 391-415 View citations (8)
   See also Working Paper Motivations for capital controls and their effectiveness, Working Papers (2016) View citations (16) (2016)

2018

3. Exporting and firm performance: evidence from India
   Indian Growth and Development Review, 2018, 12, (1), 83-104 View citations (3)
   See also Working Paper Exporting and Firm Performance: Evidence from India, Working Papers (2019) View citations (1) (2019)

2017

4. An exchange market pressure measure for cross country analysis
   Journal of International Money and Finance, 2017, 73, (PA), 62-77 View citations (27)
   See also Working Paper An exchange market pressure measure for cross-country analysis, Working Papers (2017) View citations (31) (2017)
5. Dating business cycles in India
   Indian Growth and Development Review, 2017, 10, (1), 32-61 View citations (12)
   See also Working Paper Dating Business Cycles in India, Working Papers (2016) View citations (8) (2016)

2016

6. Foreign Currency Borrowing by Indian Firms: Toward a New Policy Framework
   India Policy Forum, 2016, 12, (1), 139-186 View citations (4)
   See also Working Paper Foreign Currency Borrowing by Indian Firms: Towards a New Policy Framework, Working Papers (2016) View citations (3) (2016)

2013

7. Foreign Investors under Stress: Evidence From India
   International Finance, 2013, 16, (2), 213-244 View citations (8)
   See also Working Paper Foreign Investors Under Stress: Evidence from India, IMF Working Papers (2013) View citations (8) (2013)
8. Graduating to globalisation: a study of Southern multinationals
   Indian Growth and Development Review, 2013, 6, (2), 242-259 View citations (5)
   See also Working Paper Graduating to Globalisation: A Study of Southern Multinationals, Finance Working Papers (2010) View citations (4) (2010)
9. The investment technology of foreign and domestic institutional investors in an emerging market
   Journal of International Money and Finance, 2013, 39, (C), 65-88 View citations (6)
   See also Working Paper The Investment Technology of Foreign and Domestic Institutional Investors in an Emerging Market, IMF Working Papers (2013) View citations (6) (2013)

2012

10. Determinants of Trade Misinvoicing
    Open Economies Review, 2012, 23, (5), 891-910 View citations (15)
    See also Working Paper Determinants of Trade Misinvoicing, Working Papers (2010) View citations (6) (2010)
11. Did the Indian Capital Controls Work as a Tool of Macroeconomic Policy&quest
    IMF Economic Review, 2012, 60, (3), 439-464 View citations (33)
12. Export Versus FDI in Services
    The World Economy, 2012, 35, (1), 61-78 View citations (15)
    See also Working Paper Export versus FDI in services, Working Papers (2011) View citations (15) (2011)

2011

13. Foreign shareholding: a decomposition analysis
    Applied Financial Economics, 2011, 21, (10), 743-746
    See also Working Paper Foreign Shareholding: A Decomposition Analysis, Working Papers (2010) (2010)
14. The exchange rate regime in Asia: From crisis to crisis
    International Review of Economics & Finance, 2011, 20, (1), 32-43 View citations (36)
    See also Working Paper The Exchange Rate Regime in Asia: From Crisis to Crisis, Working Papers (2010) View citations (6) (2010)

2010

15. Does the currency regime shape unhedged currency exposure?
    Journal of International Money and Finance, 2010, 29, (5), 760-769 View citations (24)
    See also Working Paper Does the Currency Regime Shape Unhedged Currency Exposure?, Working Papers (2009) View citations (1) (2009)
16. Testing, monitoring, and dating structural changes in exchange rate regimes
    Computational Statistics & Data Analysis, 2010, 54, (6), 1696-1706 View citations (59)
17. Why India Choked when Lehman Broke
    India Policy Forum, 2010, 6, (1), 39-72 View citations (9)
    See also Working Paper Why India Choked when Lehman Broke, Working Papers (2010) View citations (8) (2010)

2009

18. The difficulties of the Chinese and Indian exchange rate regimes
    European Journal of Comparative Economics, 2009, 6, (1), 157-173 View citations (14)
    See also Working Paper The Difficulties of the Chinese and Indian Exchange Rate Regimes, Working Papers (2009) View citations (11) (2009)

2003

19. Selection of Value-at-Risk models
    Journal of Forecasting, 2003, 22, (4), 337-358 View citations (74)
20. Testing for Time-variation in Beta in India
    Journal of Emerging Market Finance, 2003, 2, (2), 163-180 View citations (15)

Books

2008

1. Indian Financial Markets
   Elsevier Monographs, Elsevier View citations (9)

Chapters

2019

1. Business Cycle Measurement in India
   Springer View citations (3)
   See also Working Paper Business Cycle Measurement in India, eSocialSciences (2018) View citations (2) (2018)

2012

2. Asia Confronts the Impossible Trinity
   Chapter 7 in Monetary and Currency Policy Management in Asia, 2012 View citations (27)
   See also Working Paper Asia Confronts the Impossible Trinity, Asian Development Bank Institute (2010) View citations (7) (2010)

2010

3. Managing Capital Flows: The Case of India
   Chapter 9 in Managing Capital Flows, 2010 View citations (3)
   See also Working Paper Managing Capital Flows: The Case of India, eSocialSciences (2008) View citations (8) (2008)

2007

4. India's Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Deficit
   A chapter in Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences, 2007, pp 609-644 View citations (12)
   See also Working Paper India's Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Deficit, National Bureau of Economic Research, Inc (2005) View citations (33) (2005)