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Sushanta Mallick
Sushanta Mallick is a Professor of International Finance at the School of Business and Management, Queen Mary University of London, UK. Also, he is currently the Co-editor-in-Chief of ‘Economic Modelling’ – a leading 32-year old scholarly journal published by Elsevier. He holds a Ph.D. in economics from the University of Warwick, UK. Before joining Queen Mary in October 2006, he held positions at the Department of Economics, Loughborough University (2003-2006); Royal Institute of International Affairs (Chatham House), London (2001-2003); JPMorgan Chase (previously Chase Manhattan Bank) based in Hong Kong (1999-2001); and Institute for Social and Economic Change (with a year at Indian Statistical Institute (ISI)) at Bangalore (1991-1995) where he began his research career, followed by a Commonwealth Scholarship to study for a Ph.D. in economics (1995-1998) at the University of Warwick. In addition to publishing a book from his Ph.D. research (Ashgate Publishing, 1999), he has contributed articles to 10 edited volumes along with publishing widely in many international refereed journals. He has over 70 peer-reviewed journal articles published in the areas of international economics and finance, and development. His academic work has been mainly focussed on issues in macroeconomic policy, international finance, and economic development. See his published research at http://webspace.qmul.ac.uk/skmallick/
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Does easing controls on foreign borrowing boost firm performance?
The literature shows that rigid capital-control policies adversely influence international trade, but overlooks the relationships among access to external financing, firm-level productivity, and exporting performance. Using a dataset of 11,612 Indian firms over 1988-2014, this article finds a significant effect of capital-account liberalisation through an export-oriented policy initiative, on firms' productivity and exporting activity. The effect is stronger for financially vulnerable firms, as measured by high debt and low liquidity.
Exchange-rate pass-through by Indian and Chinese exporters
The pricing behaviour of exporters in emerging markets confirms that the already well-reported decline in exchange rate sensitivity of import prices is due to export prices becoming more sensitive to exchange rate changes.
Has regulatory intervention been effective in maintaining stability of Indian banks?
To address the challenges that Indian corporates faced in the early 2000s in meeting their debt-servicing obligations to banks/financial institutions, RBI introduced a corporate debt restructuring programme in 2002. This column finds that in the absence of a strong legal system, this out-of-court regulatory mechanism has indeed helped Indian banks remain stable, as there has been no bank failure in India unlike in other countries.
Financial Intermediation and Economic Growth in Bihar: A District-Level Analysis
The aim of the project was to assess the effectiveness of the banking sector's contribution to the overall development in Bihar. In a nutshell, the study tries to understand the efficiency of the banking sector in Bihar with regards to its ability to raise deposits and disburse funds to private sector in Bihar. The findings showed that there is a positive link between finance and development in agriculture sector in Bihar and therefore, easing government restrictions in the banking sector can aid the process of financial development in Bihar.