Recent Publications

Recent and Forthcoming Publications (Since 2015)


  1. Co-author, Managing the Macroeconomy: Monetary and Exchange Rate Issues in India, Palgrave-Macmillan (6 chapters, 210 pages), August 2015 (with Venkataramana Yanamandra).


Journal Articles

  1. "Does Foreign Bank Presence Affect Interest Rate Pass-Through in Emerging and Developing Economies?," Journal of Macroeconomics (with Sasidaran Gopalan). [Provisional Accept; Forthcoming 2017]
  2. "The Great Monetary Gamble in India: Modi's Lee Kuan Yew Moment?,"Asian Survey (With Sasidaran Gopalan). [Forthcoming 2017].
  3. “Impact of Terrorism on Cross-Border Mergers and Acquisitions (M&As): Prevalence, Frequency and Intensity,” Open Economies Review, 28(1), 2016, pp.79-106. (With Alice Ouyang). 
  4. “Revisiting Bilateral Foreign Direct Investment Inflows to BRIC Economies,” Global Policy, 7(4), November 2016, pp.510-520 (with Sasidaran Gopalan).
  5. “Exchange Rate Regimes and Real Exchange Rate Volatility: Does Inflation Targeting Hurt?,” Japan and The World Economy, 39, pp.62-72, 2016 (With Alice Ouyang and Jie Li). 
  6. “Has Foreign Aid Been Effective in the Water Supply and Sanitation Sector? Evidence from Panel Data,” World Development, 85, pp.84-104, 2016. (with Sasidaran Gopalan).
  7. “Understanding Foreign Direct Investment in Indonesia,” Journal of International Trade Law and Policy, 15(1), pp.28-50, 2016 (with Sasidaran Gopalan and Rabin Hattari).
  8. “Does Inflation Targeting in Asia Reduce Exchange Volatility?” International Economic Journal, 30 (2) 2016, pp.294-311, 2016 (with Alice Ouyang).
  9. “Drivers of Intra-Regional M&As within Developing Asia,” Journal of the Asia Pacific Economy, 21 (1), 2016, pp.116-131 (with Jie Li and Rabin Hattari).
  10. “Do Capital Controls Make Gross Equity Flows to Emerging Markets Less Volatile?” Journal of International Money and Finance, 59 (December), 2015, pp.220-244 (with Jie Li).


  1. "Time to Re-look Monetary Policy in Singapore?" The Business Times (Singapore), January 18, 2017. Reprinted as "Time to Rejig Monetary Policy in Singapore?" The New Paper (Singapore), January 19, 2017.
  2. "Revisiting the Singapore-India DTAA" The Business Times (Singapore), January 10, 2017 (with Sasidaran Gopalan).
  3. "4 Things Singapore Can Do In The Face of Deglobalisation" The Business Times (Singapore), December 16, 2016 (with Sasidaran Gopalan). 
  4. "Shifting Narrative on the Rupee Demonetisation," The Business Times (Singapore), December 9, 2016 (with Sasidaran Gopalan).
  5. "Singapore's Unique Tack on Financial Globalisation," The Business Times (Singapore), November 24, 2016.
  6. "Travails of Inflation Targeting," Financial Express, October 22, 2016 (With Sasidaran Gopalan).
  7. "MPH: Cornerstones of Singapore's Success," The Business Times (Singapore), September 26, 2016. 
  8. “Can Foreign Banks Contribute to Financial Inclusion?,” eSocialSciences (Current Affairs), July 03, 2015 (with Sasidaran Gopalan).
  9. “Getting Better FDI,” The Financial Express, January 19, 2015 (with Sasidaran Gopalan).
  10. “Who is Investing in India and in What Sectors?,” The Financial Express, January 12, 2015 (with Sasidaran Gopalan).

 Book Reviews

  1. Review of “Governance and Foreign Investment in China, India and Taiwan: Credibility, Flexibility, and International Business” by Yu Zheng, International Studies Review, 17, 2015, pp.344-46.
  2. Review of "Politics and Foreign Direct Investment,” by N.M. Jensen, G. Biglaiser, Q. Li, E. Malesky, P.M. Pinto, S.M. Pinto and J.L. Staats, Journal of Economic Literature, 51 (1), 2014, pp.226-27