"Computational Finance Using QuantLib-Python", Computing in Science & Engineering, 18.2 (2016): 78-88 (with Vineet Virmani)
"Financial Literacy among Working Young in Urban India", World Development, Volume 67, March 2015, Pages 101–109 (with S. K. Agarwalla, S. K. Barua and J. Jacob)
"Finance Teaching and Research after the Global Financial Crisis", Vikalpa, October-December 2011
"Putting ‘Private Finance’ back into the Private Finance Initiative", in S. Morris (ed.), , India Infrastructure Report 2003: Public Expenditure Allocation and Accountability, Oxford University Press, New Delhi.
"Governance, Supervision and Market Discipline: Lessons from Enron", Journal of the Indian School of Political Economy, October-December 2002, 14(4), 559-632.
"Comments on ‘Governance, Supervision and Market Discipline: Lessons from Enron’ and the Author’s Response", Journal of the Indian School of Political Economy, October-December 2002, 14(4), 633-644 (This contains comments by Dr. N. Balasubramaniam, Dr. Ajay Shah and Dr. Ashok Desai on the previous paper as well as the author's response to these comments)
"Private Finance to Private Entrepreneurship", in S. Morris (ed.), , India Infrastructure Report 2002: Governance Issues for Commercialization, Oxford University Press, New Delhi.
"Regulatory Dilemmas in Infrastructure Financing", in S. Morris (ed.), , India Infrastructure Report 2001: Issues in Regulation and Market Structure, Oxford University Press, New Delhi.
"Modelling Credit Risk in Indian Bond Markets", ICFAI Journal of Applied Finance, 6(3), July 2000, 53-67
"Rupee-Dollar Option Pricing and Risk Measurement: Jump Processes, Changing Volatility and Kurtosis Shifts", Journal of Foreign Exchange and International Finance, 13 (1), April-June 1999, 11-33
"Asian Crisis and Finance Theory", Vikalpa, 23(4), October-December 1998, 23-34
"Indian Financial Sector Reforms: A Corporate Perspective", Vikalpa, 23(1), January-March 1998, 27-38.
"Corporate Governance in India: Disciplining the Dominant Shareholder", IIMB Management Review,, 9(4), 5-18. October-November 1997.
"Indian Money Market: Market Structure, Covered Parity and Term Structure", ICFAI Journal of Applied Finance, 3(2), July 1997, 1-10
"The Stochastic Dynamics of the Short Term Interest Rate in India", Indian Journal of Applied Economics, 6(1), January-March 1997, 47-58
"Bond Valuation and the Pricing of Interest Rate Options in India", ICFAI Journal of Applied Finance,, 2(2), July 1996, 161-176
"Research on the Indian Capital Market: A Review", Vikalpa, 19(1), January-March 1994, 15- 31 (with S.K. Barua and V. Raghunathan)
"Securities Scam: Genesis, Mechanics and Impact", Vikalpa, 18(1), January-March 1993, 3- 12 (with S.K. Barua)
"High Frequency Manipulation at Futures Expiry: The Case of Cash Settled Indian Single Stock Futures", IIMA Working Paper No. 2014-02-01, February 2014 (with S. K. Agarwalla and J. Jacob)
"Four factor model in Indian equities market", IIMA Working Paper No. 2013-09-05, September 2013 (with S. K. Agarwalla and J. Jacob)
"Time Resolution of the St. Petersburg Paradox: A Rebuttal", IIMA Working Paper No. 2013-05-09, May 2013
"When index dissemination goes wrong: How fast can traders add and multiply?", IIMA Working Paper No. 2010-08-04, August 2010
"Risk Management Lessons from the Global Financial Crisis for Derivative Exchanges", IIMA Working Paper No. 2009-02-06, February 2009
"A First Cut Estimate of the Equity Risk Premium in India", IIMA Working Paper No. 2006-06-04, June 2006 (with S. K. Barua)
"Towards a Unified Market for Trading Gilts in India", IIMA Working Paper No. 2004-11-05, November 2004
"The Indian Financial Sector After a Decade of Reforms", ViewPoint 3, Centre for Civil Society, New Delhi, April 2002.
"Mispricing of Volatility in the Indian Index Options Market", IIMA Working Paper No. 2002-04-01, April 2002
"Regulatory Implications of Monopolies in the Securities Industry", IIMA Working Paper, 2001-09-05, September 2001
"Value at Risk Models in the Indian Stock Market", IIMA Working Paper, 99-07-05, July 1999
"Impact on Sensex of Scrapping Double Taxation of Dividends", IIMA Working Paper, 1352, February 1997. (with V. Raghunathan)
"Financial Sector Reform: Institutional and Technological Imperatives", Conference on Social Norms, Institutional Structures and Development Policy at the Indira Gandhi Institute of Development Research, Bombay, February 1994, Working Paper No. 1177, Indian Institute of Management, Ahmedabad, February 1994. (with S. K. Barua)
"Comments on SEBI’s Draft Takeover Code", IIMA Working Paper No. 1010, February 1992. (with V. Raghunathan and M.C. Bhatt)
"Narasimham Committee Report - Some Further Ramifications and Suggestions", IIMA Working Paper No. 1009, February 1992. (with V. Raghunathan, A.Korwar and M.C. Bhatt)
"Indian Convertible Bonds with Unspecified Terms: A Valuation Model", IIMA Working Paper No. 991, Indian Institute of Management, Ahmedabad, December 1991 (with S.K. Barua)
"Indian Convertible Bonds with Unspecified Terms: An Empirical Study", IIMA Working Paper No. 990, Indian Institute of Management, Ahmedabad, December 1991 (with S.K. Barua and T. Madhavan)
"Is the BSE Sensitive Index Better than the National Index", IIMA Working Paper No. 988, Indian Institute of Management, Ahmedabad, December 1991
"A Valuation Model for Indeterminate Convertibles", IIMA Working Paper No. 957, Indian Institute of Management, Ahmedabad, August 1991
"The Existence and Continuity of Utility Functions: A New Proof", IIMA Working Paper No. 819, Indian Institute of Management, Ahmedabad, August 1989
"Where Utility Functions Do Not Exist: A Note on Lexicographic Orders", IIMAWorking Paper No. 818, Indian Institute of Management, Ahmedabad, August 1989
"Equilibrium Pricing of Special Bearer Bonds", IIMA Working Paper No. 817, Indian Institute of Management, Ahmedabad, August 1989
"Estimation Errors and Time Varying Betas in Event Studies - A New Approach", IIMA Working Paper No. 759, Indian Institute of Management, Ahmedabad, July 1988 (with S.K. Barua)