Gagari Chakrabarti

Professor and Head of the Department

B.Sc. Economics (Lady Brabourne College, 1996)

M.Sc. Economics (University of Calcutta 1998)

M.Phil. Economics (University of Calcutta 1999-2001)

Ph.D Economics (University of Calcutta 2003-2007)

I am an alumna of Lady Brabourne College, Kolkata where I studied from 1991-1996. I did my M.Sc. in Economics from University of Calcutta with specialization in International Economics. My M.Phil dissertation was in the area of Financial Economics. My first part-term teaching assignment at Lady brabourne College were during and after I completed the degree. My doctoral work was also in the area of financial economics that explored the real sector financial sector interdependence in the context of new economy sector. During the days I was serving Presidency College, I did my post-doctoral research work from SOM, WBUT.

My preferred research area is Financial Economics and Quantitative Finance. I am especially interested in the stock market dynamics, foreign exchange market movements, non-linearity and chaotic dynamics in financial markets. I have undertaken Minor and Major projects (as principal and co-principal investigator) granted by UGC of India that explored such areas. More recently, I have developed some interest in the areas of Emotional Intelligence and its impact on employee productivity.  

My preferred areas of teaching are Macroeconomics, Financial Economics and International Economics at UG level and Corporate Finance, International Finance and Quantitative Finance at PG level. I have taught a few courses on International Financial Management and Managerial Economics (at MBA level) and Financial Econometrics (at M.Phil level)

I am interested in supervising research works in the area of Financial Economics (both Corporate Finance and International Finance) and Financial Econometrics. I am especially interested in the stock market dynamics, foreign exchange market movements, non-linearity and chaotic dynamics in financial markets. I have supervised three M.Phil dissertations and three Ph.D. dissertations thus far.  

Member of American Economic Association, Life Member of Indian Statistical Institute, Kolkata; Member of Royal Economic Society, Member of India Finance Association, Member of Asian Council of Science Editors, remained Technical Editor of The International Journal of Applied Economics and Finance, Journal of Applied Sciences, Research Journal of Business Management, Asian Journal of Scientific Research

Edited Volume:

1.      Bagli, S., Chakrabarti, G. and Guha, P. (2022), “Persistent and Emerging Challenges to Development - Insights for Policy-making in India, Springer, ISBN: 978-981-16-4180-0

2. Chakrabarti, G. and Sen, C. (2018), ‘The Globalization Conundrum – Dark Clouds behind the Silver Lining: Global Issues and Empirics’, Springer, Singapore. ISBN: 978-981-13-1726-2

Book:

1.      Chakrabarti, G. and Chatterjea, T. (2019), ‘Ethics and Deviations in Decision-making - An Applied Study’, Palgrave Macmillan. ISBN: 978-981-15-0687-1

2.      Chakrabarti, G. and Chatterjea, T. (2017), ‘Employees' Emotional Intelligence, Motivation & Productivity, and Organizational Excellence: A future trend in HRD’, Palgrave MacMillan. ISBN: 978-981-10-5758-8

3.      Chakrabarti, G. and Sen, C. (2014), ‘Green Investing: the case of India’, Springer, ISBN: 978-81-322-2025-1

4.      Chakrabarti, G. and Sen, C. (2013), ‘Momentum Trading on the Indian Stock Market’, Springer, ISBN-13: 978-8132211266

5.      Chakrabarti, G. (2012), ‘Walking the road of New Economy: is India matured enough?’ LAP Lambert Academic Publishing, Germany, ISBN-13:  9783848405848

6.      Chakrabarti, G. and Sen, C. (2012), ‘Anatomy of Global Stock Market Crashes: An Empirical Analysis’, Springer, ISBN-13: 978-8132204626 

7.      Chakrabarti, G. (2010) Dynamics of Global Stock Market: Crisis and Beyond, Vdm-Verlag, Dr. Müller, Germany, ISBN-13: 978-3639284669.

8. Chakrabarti, G. (2008), ‘Real Sector-Financial Sector Interdependence in Indian Context: An Investigation in terms of Performance of the Emerging New Economy Sector’, Vdm-Verlag, Dr. Muller, Germany, ISBN-13: 978-3639052695

Papers in referred journals:

1.      Agarwal, S., Chakravarti, S., Ghosh, O. and G. Chakrabarti (Forthcoming) Dynamic market risk and portfolio choice – Evidence from Indian stock market, IIMB Management Review (Elsevier), (Scopus Q2, H-index 29, CiteScore 4, IF: 1.7)

2.      Saha, S., Chakrabarti, G. and S. Basu (2023) Dynamics of Time-Varying Currency beta on Indian Industries: A Markov Switching Approach, IIMB Management Review (Elsevier), Volume 35, Issue 1, pp. 71-81. (Scopus Q2, H-index 29, CiteScore 4, IF: 1.7)

3.      Chakrabarti, G. and C. Sen (2021) Dynamic market risk of green stocks across regions: Where does the devil lie? Journal of Cleaner Production (Elsevier), Volume 303, 2021, 127028, https://doi.org/10.1016/j.jclepro.2021.127028. (Scopus Q1, cite score 15.8, H-index- 268, IF 11.072)

4.      Chakrabarti G. and R. Das (2021) Time varying beta, market volatility and stress: A comparison between US and India, IIMB Management Review (Elsevier), Volume 33, Issue 1, March 2021, Pages 50-63. https://doi.org/10.1016/j.iimb.2021.03.003 (Scopus Q2, H-index 18, citescore 2.9)

5.      Chakrabarti, G. and Sen, C. (2020) Time series momentum trading in green stocks, Studies in Economics and Finance, 37(2), 361-389. https://doi.org/10.1108/SEF-07-2019-0269 (Scopus Q2, H-index 25, CiteScore 2.7, IF: 1.9)

6.      Chakrabarti, G. and C. Sen (2018) Pricing of Green stocks in India, The Empirical Economics Letters, 17(4), 537-544. Impact factor 0.91

7.      Chakrabarti, G. (2015) Time-Series Momentum Trading Strategy in Global Stock Market, Business Economics (Palgrave Macmillan), 50(2), 80-90.   (Scopus Q2, H-index 16)

8.      Sen, C. and Chakrabarti, G. (2014) The efficacy of intervention in a chaotic foreign exchange market: an empirical study in INR-USD exchange rate series, Decision (Springer), 41(4), 399-410, doi:10.1007/s40622-014-0066-9

9.      Chakrabarti, G., Sen, C. and Sarkar A. (2012) Volatility in Indian Stock Market in recent years: Transmission from domestic sectors, Finance India, XXVI (3), 883 – 894.

10.   Chakrabarti, G. (2011) Financial crisis and the changing nature of volatility contagion in the Asia- Pacific region, Journal of Asset Management, 12(3), 172-184. (h index: 20, IF: 2.5, Scopus Q2)

11.   Chakrabarti, G. (2011) An Empirical Study on IT Stock Price Movement in India, The International Journal of Applied Economics and Finance, 5(2), 138-148.

12.   Sen, C., Chakrabarti, G., A. Sarkar (2011) Evidence of Chaos: A Tale of two Exchange Rates, The Empirical Economics Letters, 10(8), 777-784. Impact factor 0.91

13.   Chakrabarti, G. and C. Sen (2011), Volatility Regimes and Calendar Anomaly in Foreign Exchange Market, The International Journal of Applied Economics and Finance, 5(2), 97-113.

14.   Saha, S. and Chakrabarti, G. (2011), Financial Crisis and Financial Market Volatility Spill-over, The International Journal of Applied Economics and Finance, 5(3), 185-199.

15.   Chakrabarti. G. (2011), “Real Sector-Financial Sector Interdependence in Indian Context: An Investigation in terms of Performance of the Emerging New Economy Sector”- abstract of doctoral dissertation, Finance India, XXV(3).

16.   Chakrabarti, G. (2010) Propagator of global stock market volatility in recent years: Asian versus Non-Asian markets, The Empirical Economics Letters, 9(4), 397-403. Impact factor 0.91

17.   Chakrabarti. G, Sarkar, A., and C. Sen. (2010) Spot Forward Rate Relationship Revisited: An analysis in light of non-linearity and Chaos, Journal of International Economics, 1(2), 73-87.

18.   Sarkar, A., Chakrabarti. G and C. Sen. (2009) Indian Stock Market Volatility in Recent Years: Transmission from Global market, Regional market and Traditional Domestic Sectors, Journal of Asset Management, 10(4), 63-71. (h index: 20, IF: 2.5, Scopus Q2)

19.   Sen. C., Mukherji, I., Chakrabarti. G., A. Sarkar., (2009) Long Memory in Indian Stock Market: An Autocorrelation based approach, Indian Journal of Capital Market, Bombay Stock Exchange, 3(1), 11-16.

20.   Sarkar, A., Chakrabarti. G and C. Sen., (2008) November Effect: Some Evidence from Indian Stock Market, Indian Journal of Capital Market, 2(1), 25-38.

21.   Chakrabarti, G. and A. Sarkar, (2008), “Beating the Market: A Sectoral Analysis in Indian Context”, Indian Journal of Capital Market, 2(3), 36-40.

22.   Chakrabarti. G. (2007), “Walking the road of capital account convertibility: too risky for India?” Arthabeekshan, 15(4): 145-152.

23.   Chakrabarti. G and C. Sen., (2007), “Calendar Anomaly in India”, Arthabeekshan, 16(3), 96-114.

Papers in edited volumes:

1.      Chakrabarti, G. (2022), “Openness and Potential Fragility of the Global Banking System” in Bagli, Chakrabarti, and Guha (eds.) Persistent and Emerging Challenges to Development - Insights for Policy-making in India, Springer, ISBN: 978-981-16-4180-0, pp. 351-370.

2.      Chakrabarti, G. (2022), “Regime switching dynamic currency exposure of Indian stock market” in Mukherjee, P. (ed) Revisiting the Indian Financial Sector: Recent issues and perspective, Springer: Singapore, ISBN: 978-981-16-7667-3, pp. 229-251.

3.      Saha, S. and Chakrabarti, G. (2018) “Globalization, Crisis and Forex Exposure: Indian Evidence” in Chakrabarti, G. and Sen, C. (eds.) The Globalization Conundrum – Dark Clouds behind the Silver Lining: Global Issues and Empirics, Springer: Singapore. ISBN: 978-981-13-1726-2, pp. 97-136

4.      Sen, C. and Chakrabarti, G. (2017) "India’s Race to the Top: An analysis of stability of Indian Infra Stocks”, in Das R.C (ed) Handbook of Research on Economic, Financial, and Industrial Impacts on Infrastructure Development, IGI Global, USA. ISBN13: 9781522523611, chapter 19, pp.376-403.

5.      Chakrabarti, G. and Sen, C. (2016) “Green Convergence in Emerging Nations: The Determinants and the Possibilities” in Das R.C (ed) Handbook of Research on Global Indicators of Economic and Political Convergence, IGI Global, USA, Chapter 20. ISBN13: 9781522502159, pp. 448-473.

6.      Chakrabarti, G. (2016) “Global Foreign Exchange Market: A Crisis Analysis” in Malabika Roy and Saikat Sinha Roy (eds.) International Trade and International Finance: Explorations on Contemporary Issues, Springer India, New Delhi. pp. 493-510. ISBN: 978-81-322-2795-3.

7.      Chakrabarti, G. (2015), ‘Waves of Financial Crises: History repeats itself?’, in Das R.C (ed) Handbook of research on Globalization, Investment, and Growth-Implications of Confidence and Governance, IGI Global, USA. Chapter 16, Pp. 332-362. ISBN: 9781466682740

8.      Sarkar A. Chakrabarti, G., and Sen, C. (2013) Volatility, Long Memory, and Chaos: A Discussion on some “Stylized Facts” in Financial Markets with a Focus on High Frequency Data, in S. Banerjee and A. Chakrabarti (eds) Development and Sustainability: India in a global perspective, Springer. Pp. 71-101. ISBN: 978-81-322-1123-5.

9.      Chakrabarti. G., Sarkar, A., and C. Sen (2010) “Volatility Spill-over: A Study of India’s FII, Foreign Exchange Market and Stock Market 2002-2007” in Byasdeb Dasguta et al. edited Globalization, Foreign Capital and Development, Regal Publishers, New Delhi., Pp. 314-345. ISBN: 9788184840841

10.   Chakrabarti. G. and C. Sen, (2010) “November Effect in Indian Stock Market in Recent Years: A contagion from Global Market” in Basabi Bhattacharya and Malabika Ray edited “A Collection of Essays in Finance”, Allied Publishers, New Delhi., 123-143. ISBN: 9788184245837

11.   Chakrabarti. G. and C. Sen, (2008), “Calendar Anomaly in Indian Stock Market: A Case for Risk Mismeasurement?” in DN Sarkar edited “Second Generation of Reforms: What is to be done?” Allied Publishers, New Delhi., 134-143.

12.   Chakrabarti. G., Chakrabarti. A., and A. Sarkar., (2007), “Pricing of new economy stocks: a comparison of USA and India” in Bhabatosh Banerjee, Jita Bhattacharyya, and Arun Kumar Basu edited ‘International Finance and Accounting”, Department of Commerce, University of Calcutta