Rudra Sensarma

Education

• Ph.D. (Economics), IGIDR
• M.S. (Quantitative Economics), ISI

Research Areas

• Macroeconomics
• Banking
• Development
• Applied Econometrics

Other Professional Appointments

• Member of the Expert Committee for Technology and Innovation for Monitoring and Evaluation (TIME) Lab, DMEO, NITI Aayog
• Fellow of the Higher Education Academy, UK
• External Associate, Centre for Crime, Justice and Policing, University of Birmingham

Corporate / Public Sector Leadership

• Research Officer, Reserve Bank of India (2002-2004)
• Dean (Research, Innovation & Internationalization), IIM Kozhikode, 2018-20
• Chairperson (Economics Area), IIM Kozhikode, 2016-18
• Chairperson (Research Office), IIM Kozhikode, 2013-17
• Managing Editor (IIM Kozhikode Society & Management Review), 2015-17

Academic Positions

• Professor, IIM Kozhikode (since 2016) and previously Associate Professor (2012-2016)
• Senior Lecturer, University of Hertfordshire (2008-2012)
• Assistant Professor, Indian Institute of Management Lucknow (2004-2006)
• Maxwell Fry Research Fellow, University of Birmingham (2006-2008)

Significant Publications

Stock Markets and Economic Uncertainty: Roles of Legislative Sessions and Coalition Strength (co-authors: Avinash Ghalke, Sandip Chakraborty, Ram Kumar Kakani), European Journal of Political Economy, forthcoming

'Is Rural Household Debt Sustainable in a Financially Included Region? Evidence from Three Districts of Kerala, India' (co-authors: Remya Tressa Jacob and Gopakumaran Nair), Oxford Development Studies, 50(4), 389-405, 2022

Does Economic Freedom Influence the FDI–Growth Nexus in ASEAN Economies? (co-author: Md Gyasuddin Ansari), Journal of Asian Economic Integration, 4, 144-159, 2022

What Explains Excess Liquidity of Banks? Empirical Evidence from India (co-author: Md Gyasuddin Ansari), Journal of Emerging Market Finance, 21(4), 477–503, 2022

'Risk preferences estimation of exporting firms under exchange rate uncertainty' (co-authors: U Broll and S Mukherjee), Scottish Journal of Political Economy, 67(1), 126-136, 2020.

'The relationship between risk, capital and efficiency in Indian banking: Does ownership matter?' (co-authors: Sanjukta Sarkar and Dipasha Sharma), Journal of Financial Economic Policy, 11(2), 218-231, 2019.

'US monetary policy, oil and gold prices: Which has a greater impact on BRICS stock markets?' (co-author: Md Gyasuddin Ansari), Economic Analysis and Policy, 64, 130-151, 2019.

'Efficiency of Micro Finance Institutions in India: A Stochastic Distance Function Approach' (co-author: Nitin Kumar), Journal of Emerging Market Finance, 16(2), 151-168, 2017.

'The Relationship between Competition and Risk Taking Behavior of Indian Banks' (co-author: Sanjukta Sarkar), Journal of Financial Economic and Policy, 8(1), 95-119, 2016.

'Forecasting the price of gold: An error correction approach' (co-authors: Abhishek Jangir and Kausik Gangopadhyay), IIMB Management Review, 28(1), 6-12, 2016.

'Measuring monetary policy and its impact on the bond market of an emerging economy' (co-author: Indranil Bhattacharyya), Macroeconomics and Finance in Emerging Market Economies, 9(2), 109-130, 2016.

'Corporate governance determinants of FII in Indian IT firms' (co-authors: Vidya Panicker and Sumit Mitra), Indian Journal of Corporate Governance, 9(1), 1-18, 2016.

'Employment Programs for the Poor and Female Empowerment: The Effect of NREGS on Gender-based Violence in India' (co-authors: Sofia Amaral and Siddhartha Bandyopadhyay), Journal of Interdisciplinary Economics, 27(2) 199-218, 2015.

An analysis of the factors determining crime in England and Wales: A quantile regression approach' (co-authors: Siddhartha Bandyopadhyay and Samrat Bhattacharya), Economics Bulletin, 35(1) 665-679, 2015.

Crime across conflict and non-conflict states in India' (co-authors: Sofia Amaral, Siddhartha Bandyopadhyay and Samrat Bhattacharya), Economics of Peace and Security Journal, 9(1) 46-56, 2014.

Non-linearities in emerging financial markets: Evidence from India' (co-author: Ayan Bhattacharya), IIMK Society & Management Review, 2(2): 165-175, 2013.

State ownership, credit risk and bank competition: a mixed oligopoly approach' (co-author: Bibhas Saha), Macroeconomics and Finance in Emerging Market Economies, 6(1), pp 1-13, 2013

Mixed Ownership, Managerial Incentives And Bank Competition' (co-author: Bibhas Saha), Bulletin of Economic Research, 63(4), pp 385-403, 2011

Academic specialization and returns to education: Evidence from India' (co-author: Bibhas Saha), Journal of Education and Work, 24(5), pp 501-520, 2011

Asymmetric effects of interest rate changes: the role of the consumption-wealth channel' (co-authors: Andy Mullineux and Garry MacDonald), Applied Economics, 43(16), pp 1991-2001, 2011

Corporate Finance and Macroeconomic Volatility in the European Union' (co-authors: Andy Mullineux and Victor Murinde), International Economics and Economic Policy, 8 (1), pp 79-92, 2011

Evolving Corporate Financing Patterns in Europe: Is there Convergence?' (co-authors: Andy Mullineux and Victor Murinde), in Welfens, P (Ed.) EU Financial Market Integration, Stability and Growth, Springer: Heidelberg and New York, pp 159-175, 2011

Partial Privatization and Bank Performance: Evidence from India' (co-author: Subrata Sarkar), Journal of Financial Economic Policy, 2(4), pp 276-306, 2010

Convergence of Corporate Financing Patterns in Europe' (co-authors: Andy Mullineux and Victor Murinde), Economic Issues,15(2), pp 49-68, 2010

Efficiency, scale economies and valuation effects: Evidence from bank mergers in India' (co-author: M Jayadev), International Journal of Financial Services Management, 4(4), pp 311-337, 2010

Are Bank Stocks Sensitive to Risk Management?' (co-author: M Jayadev), Journal of Risk Finance, 10(1), pp 7-22, 2009

Stock Market Volatility and Market Risk in Emerging Markets: Evidence from India' (co-authors: Sumon Bhaumik and Suchismita Bose), in Gregoriou, G.N (Ed.) Stock Market Volatility, Chapman Hall-CRC/Taylor and Francis: London, pp 571-586, 2009

Deregulation, Ownership and Profit Performance of Banks: Evidence from India', Applied Financial Economics, 18(19), pp 1581-1595, 2008

The Distributive Role of Managerial Incentives in a Mixed Duopoly' (co-author: Bibhas Saha), Economics Bulletin, 12(28), pp 1-10, 2008

How Effective are Monetary Policy Signals in India?' (co-author: Indranil Bhattacharya), Journal of Policy Modeling, 30(1), pp 169-183, 2008

Non-Performing Assets in Indian Banking: Magnitude, Determinants and Impact of Recent Policy Initiative' (co-author: Kausik Chaudhuri), in Radhakrishna, R (Ed.) India Development Report, Oxford University Press: New Delhi, pp 134-144, 2008

Determinants of Merger Activity: Evidence from India' (co-author: Madhuri Agrawal), International Journal of Financial Services Management, 2(4), pp 277-288, 2007

Mergers in Indian Banking: An Analysis', (co-author: M Jayadev), South Asian Journal of Management, 14(4), October-December, pp-20-49, 2007

Interest Rate Signals, Stock Returns and FII Inflows: Exploring the Inter-linkages' (co-author: D Tripati Rao), Metamorphosis, 6(1), pp 54-68, 2007

School Dropout and Informal Apprenticeship' (co-author: Padmini Dasgupta and Bibhas Saha), India Macroeconomics Annual, pp 88-125, 2006

Money-Price Variability and Asset Prices Volatility: Evidence from India' (co-author: Deba Prasad Rath), Journal of Quantitative Economics, New Series 4(2), pp 59-74, 2006

Are Foreign Banks Always the Best? Comparison of State-Owned, Private and Foreign Banks in India', Economic Modeling, 23(4), pp 717-735, 2006

Signaling Instruments of Monetary Policy: The Indian Experience' (co-author: Indranil Bhattacharya), Journal of Quantitative Economics, New Series 3(3) pp 180-196, 2005

Cost and Profit Efficiency of Indian Banks During 1986-2003: A Stochastic Frontier Analysis', Economic and Political Weekly, pp 1198-1209, March 19-25, 2005

Economic Reforms and Indian Industry' (co-author: K G Sahadevan) in Srinivasan, R (Ed.) The New Indian Industry: Structure and key players, New Delhi: Macmillan, pp 1-10, 2005

Net Interest Margin: Does Ownership Matter?' (co-author: Saurabh Ghosh), Vikalpa - The Journal of Decision Makers, 29(1), January-March, 2004

Divestment and Bank Competition' (co-author: Bibhas Saha), Journal of Economics (Zeitschrift für Nationalokonomie), 81(3), pp 223-247, 2004

Impact of Terrorist Attacks in U.S.: Examination of Some Macroeconomic Variables' (co-author: Kausik Chaudhuri), Economic and Political Weekly, November 24, 2001, pp 4346-4350

What Explains Excess Liquidity of Banks? Empirical Evidence from India , Working Paper, 2022

Does knowledge empower? A story of debt literacy and credit usage in rural consumer finance , Working Paper, 2022

Does Economic Freedom Influence the FDI - Growth Nexus in BRICSASEAN Economies? , Working Paper, 2022

An Analysis of the Factors Determining Crime in England and Wales: A Quantile Regression Approach , Working Paper, 2015

Determinants Of Crime Across Conflict And Non-Conflict States In India , Working Paper, 2014

Non-linearites in emerging financial markets: Evidence from India , Working Paper, 2013

Public work programmes and gender-based violence: the case of NREGA in India , Working Paper, 2015

Does salary dispersion affect team performance in cricket? Evidence from the Indian Premier League , Working Paper, 2021