Ila Patnaik, Abhijit Sengupta, and Ajay Shah. Determinants of trade misinvoicing. Open Economies Review, 2011 (forthcoming)
Ajay Shah and Ila Patnaik. Foreign shareholding: A decomposition analysis. Applied Financial Economics, 21(10):743–746, 2011
Ila Patnaik, Ajay Shah, and Rudrani Bhattacharya. Export versus FDI in services. World Economy, 2011 (forthcoming)
Ila Patnaik, Ajay Shah, and Giovanni Veronese. How to measure inflation in India? Economic and Political Weekly, XLVI(16):55–64, April 2011
Ila Patnaik, Ajay Shah, Anmol Sethy, and Vimal Balasubramaniam. The exchange rate regime in Asia: From crisis to crisis. International Review of Economics and Finance, 20(1):32–43, 2011
Achim Zeileis, Ajay Shah, and Ila Patnaik. Testing, monitoring, and dating structural changes in exchange rate regimes. Computational Statistics & Data Analysis, 54(6):1696–1706, June 2010 [pdf]
Ila Patnaik and Ajay Shah. Does the currency regime shape unhedged currency exposure? Journal of International Money and Finance, 29:760–769, 2010 [pdf]
Ila Patnaik and Ajay Shah. Why India choked when Lehman broke. India Policy Forum, 6, 2009-10 [pdf]
Ila Patnaik and Ajay Shah. The difficulties of the Chinese and Indian exchange rate regimes. European Journal of Comparative Economics, 6(1):157–173, June 2009
Shruthi Jayaram, Ila Patnaik, and Ajay Shah. Examining the decoupling hypothesis for India. Economic and Political Weekly, XLIV(44):109–116, October 2009 [pdf]
Rudrani Bhattacharya, Ila Patnaik, and Ajay Shah. Early warnings of inflation in India. Economic and Political Weekly, pages 62–67, November 2008 [pdf]
Ajay Shah and Syed Abuzar Moonis. Testing for time variation in beta in India. Journal of Emerging Markets Finance, 2(2):163–180, May–August 2003 [pdf]
Mandira Sarma, Susan Thomas, and Ajay Shah. Selection of Value at Risk models. Journal of Forecasting, 22(4):337–358, 2003 [pdf]
Ajay Shah. Investment risk in the Indian pension sector and the role for pension guarantees. Economic and Political Weekly, XXXVIII(8):719–728, 22 February 2003 [pdf]
Susan Thomas and Ajay Shah. The stock market response to the Union Budget. Economic and Political Weekly, XXXVII(5):455–458, February 2–8 2002 [pdf]
Ajay Shah and Susan Thomas. David and Goliath: Displacing a primary market. Journal of Global Financial Markets, 1(1):14–21, Spring 2000 [pdf]
Ajay Shah and Susan Thomas. Market microstructure considerations in index construction. In CBOT Research Symposium Proceedings, pages 173–193. Chicago Board of Trade, Summer 1998 [pdf]
Ajay Shah and Shuvam Misra. Building India’s National Information Infrastructure. Economic and Political Weekly, XXXII(44–45):2880–2884, November 1997
Ajay Shah. Minimum asset-based tax: A critique. Economic and Political Weekly, XXI(30):2046–2048, 27 July 1996 [pdf]