1-651-962-4416
Send an email

Academic Background

B.Tech. (Hons) civil engineering, Indian Institute of Technology (India)
M.B.A., Minnesota State University -Mankato
D.B.A., finance, Cleveland State University

Research Specialties

• Financial institutions
• Financial markets
• International banking
• Regulations of Credit Unions and Commercial Banks
• Deregulation, competition, and U.S. banking industry performance

Current Research

• International capital standards, bank portfolios and bank stock risk
• Rationality of analysts’ earnings forecasts

Major Works

• "The Impact of Discount Rate Changes on Market Interest Rates: Evidence from three European Countries and Japan," with A. Rai and R. Seth, International Journal of Money and Finance. Forthcoming.
• “Do Banks Follow Their Customers Abroad?,” with R. Seth and D.E. Nolle. Financial Markets, Institutions and Instruments, Vol. 7 (4), pp. 1-25, August 1998.
• “Impact of the Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991 on Bank Stocks,” with F. Song and Y. Liang, The Journal of Financial Research, Vol. 19 (2), pp. 229-242, Summer 1996.
• “Are Survey Forecasts of Macroeconomic Variables Rational?” with R. Aggarwal and F. Song. The Journal of Business, Vol. 68 (1), pp. 99-119, January 1995.
• “Deregulation and the Opportunities for Commercial Bank Diversification,” with L.D. Wall and A.K. Reichert. Federal Reserve Bank of Atlanta Economic Review, Vol. 78 (5), pp. 1-25, (September/October 1993). Reprinted in Readings on Financial Institutions and Markets, ed. by P.S. Rose, Irwin, pp. 97-121, 1995-1996.

Significant Scholarly Honors

• Fulbright Scholar, Senior Fulbright Specialists Candidate, 2005-Present
• Outstanding research paper, Academy of Accounting and Financial Studies, April 10-13, 2002
• Who’s Who in America; Who’s Who in American Education, 2004