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, 2010
Achim Zeileis, Ajay Shah, and Ila Patnaik. Testing, monitoring, and dating structural changes in exchange rate regimes. Computational Statistics & Data Analysis, 54:1696–1706, June 2010 [pdf]
Ila Patnaik and Ajay Shah. Does the currency regime shape unhedged currency exposure? Journal of International Money and Finance, 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]