- Professor of International Finance
- Member of the Department of Business Analytics and Applied Economics
Sushanta Mallick is a Professor of International Finance at the School of Business and Management, Queen Mary University of London, UK. Also, since January 2015, he has been the Co-editor-in-Chief of ‘Economic Modelling’ – a leading 38-year old scholarly journal published by Elsevier. He holds a PhD in economics from the University of Warwick, UK.
Before pursuing academic research in the university sector, he worked in two policy think-tank institutes in India and the UK for six years, aside from his experience in the private financial industry covering Asian emerging markets for nearly three years (1999-2001) at JPMorgan Chase (previously Chase Manhattan Bank), based in Hong Kong. Prior to joining Queen Mary in October 2006, he held positions at the Department of Economics, Loughborough University, UK [2003-2006]; Royal Institute of International Affairs (Chatham House), London, UK [2001-2003]; JPMorgan Chase (previously Chase Manhattan Bank) based in Hong Kong [1999-2001], and Institute for Social and Economic Change (with a year at Indian Statistical Institute), Bangalore, India [1991-1995] where he began his research career followed by a Commonwealth Scholarship to study for a Ph.D. in economics [1995-1998] at the University of Warwick, UK. In addition to publishing a book from his Ph.D. research (Ashgate Publishing, 1999), he has contributed articles to 15 edited volumes along with publishing widely in many international refereed journals.
He has published over 100 peer-reviewed journal articles, focused on issues in the areas of international macroeconomics, banking & finance, and innovation & development. He has researched different aspects of international finance and development at both the macro and micro-economic levels. As well as monetary and financial issues, his published research includes issues connected with growth, development, and poverty. He has also carried out a substantial amount of work on various aspects of macroeconomic modelling. His work has been published in journals such as: Journal of Corporate Finance, European Journal of Operational Research, British Journal of Management, Economic Theory, Research Policy, IMF Economic Review, Journal of Banking & Finance, Journal of International Money & Finance, Cambridge Journal of Economics, Oxford Bulletin of Economics & Statistics, and many others. As per IDEAS/RePEc ranking, he is among the top 5% economists.
A list of his published research can be found here.
- BUSM030: Corporate Finance for Managers
Sushanta Mallick's main research interests include issues in international economics & finance, international business, and international development. Currently his research concentrates on, first, international trade and finance issues involving why exporters’ pricing behaviour changes in the aftermath of policy reforms (previously funded by British Academy), and what are the real effects of monetary, fiscal, and exchange rate shocks in advanced and emerging market economies; second, financial issues covering the link between monetary policy and asset prices, examining the effects of alternative sources of financing on firm-level performance, how to prevent corporate financial misreporting, and efficiency & credit risk issues in banking; third, development issues namely measuring poverty via consumption deprivation (previously funded by British Academy), examining the linkages between macroeconomic policy and poverty reduction, social alienation and uncertain growth (funded by Leverhulme), and the growth effects of human capital and rural financial development in low-income countries.
Centre and Group Membership:
- Member of the Centre for Globalisation Research (CGR)
- Member of the Behavioural Finance Working Group
Latest publications here.
- Cooray A, Mallick S, Dutta N (2014) “Gender-specific human capital, openness and growth: Exploring the linkages for south Asia”, Review of Development Economics, 18(1): 107-122
- Yang Y, Mallick S (2014) “Explaining cross-country differences in exporting performance: The role of country-level macroeconomic environment”, International Business Review, 23(1): 246-259
- Jawadi F, Mallick SK, Sousa RM (2014) “Nonlinear monetary policy reaction functions in large emerging economies: The case of Brazil and China”, Applied Economics, 46(9): 973-984
- Jha S, Mallick SK, Park D, Quising PF (2014) “Effectiveness of countercyclical fiscal policy: Evidence from developing Asia”, Journal of Macroeconomics, 40: 82-98
- Jawadi F, Mallick SK, Sousa RM (2014) “Fiscal policy in the BRICs”, Studies in Nonlinear Dynamics and Econometrics, 18(2): 201-215
- Mallick, S. K. (2014), Disentangling the Poverty Effects of Sectoral Output, Prices, and Policies in India. Review of Income and Wealth. doi: 10.1111/roiw.12026
- Mallick, S.K., and R.M. Sousa (2013), The real effects of financial stress in the Eurozone, International Review of Financial Analysis, 30: 1–17, December (published as lead article).
- Mallick, S.K., and Y. Yang (2013), Productivity performance of export market entry and exit: Evidence from Indian firms, Review of International Economics, 21 (4): 809-824, September.
- Cover, J.P., and S.K. Mallick (2012), Identifying sources of macroeconomic and exchange rate fluctuations in the UK, Journal of International Money and Finance, 31 (6): 1627-1648, October.
- Agnello, L., S.K. Mallick, and R.M. Sousa (2012), Financial reforms and income inequality, Economics Letters, 116 (3): 583-587, September.
- Mallick, S., and H. Marques (2012), Pricing to market with trade liberalization: The role of market heterogeneity and product differentiation in India’s exports, Journal of International Money and Finance, 31 (2): 310-336, March [This paper was included in Media Briefings, following presentation at the Royal Economic Society Annual Conference during 18-20 April 2011].
- Mallick, S., and Y. Yang (2011), Sources of Financing, Profitability and Productivity: First Evidence from Matched Firms, Financial Markets, Institutions and Instruments, 20 (5): 221–252, December.
- S.J, Ho., S.K. Mallick (2010), The impact of information technology on the banking industry, Journal of the Operational Research Society, 61(2):211-221, February.
- B. Granville, and S. Mallick, (2010) Monetary Policy in Russia: Identifying exchange rate shocks, Economic Modelling, 27 (1): 432-444, January.
- Granville, B., and S. Mallick (2009), Monetary and Financial Stability in the Euro Area: Pro-cyclicality versus Trade-off, Journal of International Financial Markets, Institutions & Money, 19 (4): 662–674, October.
- T.K. Kumar, S, Mallick J. Holla (2009) Estimating Consumption Deprivation in India Using Survey Data: A State-Level Rural-Urban Analysis Before and During Reform Period, Journal of Development Studies, 45(4): 441-470.
- Mallick, S.K., and S.J. Ho (2008), On Network Competition and Solow Paradox: Evidence from U.S. Banks, The Manchester School, 76 (s1): 37-57, September.
- S.K, Mallick, and H. Marques, (2008) Pass-through of exchange rate and tariffs into import prices of India: Currency depreciation versus import liberalization, Review of International Economics, 16 (4): 765-782
- Basu, S., and S. Mallick (2008), When Does Growth Trickle Down to the Poor? The Indian Case, Cambridge Journal of Economics, 32 (3): 461-477, May.
- S.K. Mallick, and H. Marques, (2008) Exchange rate transmission into industry level export prices: A tale of two policy regimes in India, IMF Staff Papers (now IMF Economic Review), 55 (1): 83-108
- S.K. Mallick, M. Mohsin (2007) Monetary Policy in High Inflation Open Economies: Evidence from Israel and Turkey, International Journal of Finance and Economics, 12(4):405-415
- B. Granville, S. Mallick, (2006) Does Inflation or Currency Depreciation Drive Monetary Policy in Russia? Research in International Business and Finance, 20(2): 163-179, ISSN: 0275-5319,
- S. Mallick (2006), Policy Instruments to Avoid Output Collapse: An Optimal Control Model for India Applied Financial Economics, 16(10): 761-776, ISSN: 0960-3107
- S. Mallick, H. Marques (2006) Sectoral Exchange Rate Pass-Through: Testing the Impact of Policy Reforms in India, Scottish Journal of Political Economy, 53(2): 280-303, ISSN: 0036-9292
- S. Basu, P. Arestis, S. Mallick, (2005) Financial Globalization: The Need for a Single Currency and a Global Central Bank, Journal of Post Keynesian Economics, 27: 507-531, ISSN: 0160-3477
- B. Granville, S. Mallick, (2005) How Best to Link Poverty Reduction and Debt Sustainability in IMF-World Bank Models? International Review of Applied Economics, 19(1): 67-85, ISSN: 0269-2171
- B. Granville, S. Mallick, (2004) Fisher Hypothesis: UK Evidence Over a Century, Applied Economics Letters, 11(2): 87-90, ISSN: 1350-4851
- B. Granville, S. Mallick, (2004) Pension Reforms and Saving Gains in the UK, Journal of Policy Reform, 7(2): 123-136, ISSN: 1384-1289
- S. Mallick (2004) A Dynamic Macroeconometric Model For Short-Run Stabilization in India, Applied Economics, 36(3): 261-276, ISSN: 0003-6846
Books & chapters
- B. Granville, S. Mallick, (2006) Monetary Policy in Russia, Chapter 4: 73-89 in L. Vinhas de Souza and O. Havrylyshyn (eds.), Return to Growth in CIS Countries, Monetary Policy and the Macroeconomic Framework, Springer, ISBN:10 3-40-34263-X, ISBN: 13 978-3-540-34263-2.
- B. Granville, S. Mallick, (2006) Integrating Poverty Reduction in IMF-World Bank Models, In A. Paloni and M. Zanardi (eds.), The IMF, The World Bank and Policy Reforms, Routledge: 191-208, ISBN: 0-415-35399-8
Current Doctoral Students:
- Saad Aftab, 'Bank-Firm Linkage: The effects on the stability of firms due to relationships with different types of banks.'
- Anish Augustine, 'Essays on crime and unemployment in the UK.'
- Praveen Gupta, 'The impact on firm value of the usage of financial derivatives by Indian Corporates.'
- Simeon Fayemi, 'Impact Of Corporate Governance On Bank Profitability In Developing Countries'
- Rui Guo, 'FDI Knowledge Spillovers and Local Firms Technological Upgrading: The Role of Overseas Returnees at the Industry Level.'
PhD Supervision Completions:
- Xing Pan, Awarded 2018
- Zunaira Aman, 'Export Competitiveness and External Openness in Emerging Markets: The role of institutional quality.' Awarded 2017.
- Ilayda Nemlioglu, 'Intellectual Capital, Firm Performance and Cross-Country Growth: The role of R&D Investment and IP Rights.' Awarded 2017. Now working as Lecturer in Accounting and Finance at Cardiff Business School, Cardiff University.
- M. Mostak Ahamed, 'Essays on banking competition, efficiency and stability.' Awarded 2016.
- Nadia Benbouzid, 'Credit risk in the Banking Sector: International evidence on CDS spread determinants before and during the recent crisis.' Awarded 2015
Now Lecturer in Banking and Finance, Greenwich Business School, University of Greenwich, London.