Wasim Ahmad

Assistant Professor
Department of Economic Sciences (DoES)
Indian Instiute of Technology Kanpur, India
 wasimad@iitk.ac.in  ahmadwasimdu@gmail.com
 https://sites.google.com/site/wasimatiitk/home

Educa on
2011 – 2014  Ph.D., University of Delhi, New Delhi
2005 – 2007  M.A. Economics, University of Hyderabad
2001 – 2004  B.A. (Hons) Economics, Aligarh Muslim University, Aligarh

Employment
Current Employment
2015 – P resent  Assistant Professor DoES, Indian Institute of Technology Kanpur
Employment Record
2014 – 2015  Assistant Professor VGSoM, Indian Institute of Technology Kharagpur
2013 – 2014  Assistant Professor CBA, Salman bin Abdulaziz University Saudi Arabia
2009 – 2011  Research Associate Research Associate, ICRISAT, Hyderabad
2007 – 2009  Economic Analyst Roulac Global Places, LLC, Hyderabad

Awards
Awards and Achievements
 DST-SERB MATRICS Grant, 2020-2023
 Subir Chowdhury Fellowship 2019-2020, London School of Economics (LSE).
 PK Kelkar Young Research Fellowship 2019-2022.
 RBI Scholarship, Reserve Bank of India (RBI), Mumbai.
 Commendation Letter from Director IIT Kanpur for Excellence in Teaching
 Prof MJ Manohar Rao Award (Young Economists Award), TIES, India
 Sir Ratan Tata Post-Doctoral Fellowship, Institute of Economic Growth (IEG), Declined
 Travel Grant, Dean of Research, University of Delhi
 Junior Research Fellowship (JRF), Maulana Azad National Fellowship for PhD
 Best Research Innovation Award, Roulac Global Places, Hyderabad

Teaching and Research Interests

Research  Emerging Markets Finance, Finance and Investments in Clean Energy, Risk
Spillover Analysis and Systemic Risk
Teaching  Macroeconomics, Finance and Applied Econometrics

Teaching
UG Courses  ECO321A: Macroeconomics II (4 times); ECO413A: Indian Economic Problems
(6 times); ECO423A: Financial Economics (2 times)
Teaching (con nued)
PG Courses  ECO764A: Financial Econometrics (One time); ECO750A: Advanced Macroeco-
nomics (4 times)

Publica ons
Journal Ar cles

1 Ahmad, Wasim, Pathak, B., & Bhanumurthy, N. R. (2019). Understanding systemic

symptoms of non-banking financial companies. Economic and Political Weekly [in Special
Issue on Money, Banking and Finance], 54(13), 59–67.
2 Singh, J., Ahmad, Wasim, & Mishra, A. (2019). Coherence, connectedness and dynamic
hedging effectiveness between emerging markets equities and commodity index funds.
Resources Policy, In Press.
3 Verma, R., Ahmad, Wasim, Uddin, G. S., & Bekiros, S. (2019). Analysing the systemic risk
of indian banks. Economics Letters, 176, 103–108.
4 Ahmad, Wasim, Mishra, A. V., & Daly, K. (2018). Heterogeneous dependence and
dynamic hedging between sectors of BRIC and global markets. International Review of
Financial Analysis, 59, 117–133.
5 Ahmad, Wasim, Mishra, A. V., & Daly, K. J. (2018). Financial connectedness of BRICS
and global sovereign bond markets. Emerging Markets Review, 37, 1–16.
6 Ahmad, Wasim & Rais, S. (2018). Time-varying spillover and the portfolio diversification
implications of clean energy equity with commodities and financial assets. Emerging
Markets Finance and Trade, 54(8), 1837–1855.
7 Ahmad, Wasim, Rais, S., & Shaik, A. R. (2018). Modelling the directional spillovers from
DJIM index to conventional benchmarks: different this time? The Quarterly Review of
Economics and Finance, 67, 14–27.
8 Ahmad, Wasim, Sadorsky, P., & Sharma, A. (2018). Optimal hedge ratios for clean energy
equities. Economic Modelling, 72, 278–295.
9 Ahmad, Wasim & Sehgal, S. (2018). Business cycle and financial cycle interdependence
and the rising role of china in SAARC. Journal of Quantitative Economics, 16(2), 337–362.
10 Ahmad, Wasim & Sharma, S. K. (2018). Testing output gap and economic uncertainty as
an explicator of stock market returns. Research in International Business and Finance, 45,
293–306.
11 Ahmad, Wasim. (2017). On the dynamic dependence and investment performance of
crude oil and clean energy stocks. Research in International Business and Finance, 42,
376–389.
12 Nain, M. Z., Ahmad, Wasim, & Kamaiah, B. (2017). Economic growth, energy
consumption and co2 emissions in india: a disaggregated causal analysis. International
Journal of Sustainable Energy, 36(8), 807–824.
13 Ahmad, Wasim, Bhanumurthy, N., & Sehgal, S. (2015). Regime dependent dynamics and
european stock markets: is asset allocation really possible? Empirica, 42(1), 77–107.
14 Ahmad, Wasim & Sehgal, S. (2015a). Regime shifts and volatility in BRIICKS stock
markets: an asset allocation perspective. International Journal of Emerging Markets, 10(3),
383–408.
15 Ahmad, Wasim & Sehgal, S. (2015b). The investigation of destabilization effect in india’s
agriculture commodity futures market: an alternative viewpoint. Journal of Financial
Economic Policy, 7(2), 122–139.
16 Sehgal, S., Ahmad, Wasim, & Deisting, F. (2015). An investigation of price discovery and
volatility spillovers in india’s foreign exchange market. Journal of Economic Studies, 42(2),
261–284.
17 Ahmad, Wasim, Bhanumurthy, N., & Sehgal, S. (2014). The eurozone crisis and its
contagion effects on the european stock markets. Studies in Economics and Finance, 31(3),
325–352.
18 Ahmad, Wasim, Nain, M. Z., & Kamaiah, B. (2014). On the role of the trend and cyclical
components in electricity consumption and i ndia’s economic growth: a cointegration and
cofeature approach. OPEC Energy Review, 38(1), 107–126.
19 Sehgal, S., Ahmad, Wasim, & Deisting, F. (2014). An empirical examination of the process
of information transmission in india’s agriculture futures markets. Journal of Quantitative
Economics, 12(1), 96–125.
20 Ahmad, Wasim, Sehgal, S., & Bhanumurthy, N. (2013). Eurozone crisis and BRIICKS
stock markets: contagion or market interdependence? Economic Modelling, 33, 209–225.

Supervision
PhD Supervision
1  Rishman Jot Chahal, BA: Delhi University, MSc in Eco.: Madras School of Economics
2  Mohammad Azeem Khan, BA & MA in Eco.: AMU
3  Seema Saini, BA: Delhi University, MA in Eco.: BHU
MS Thesis Supervision
MS  14 Completed 10 Under Supervision
BS  19 Completed

Workshop and Conference

Workshop  FinMODE-2018 and FinMODE-2017: One-week Workshop on Financial Time-
Series Modeling in R (FinMODE) supported by CDTE, IIT Kanpur and The Indian
Econometric Society (TIES).
 https://sites.google.com/view/finmode2017/home?authuser=1
Seminar  Seminar on Financial Integration in the South Asian Region, supported by
ICSSR, held at the Department of Financial Studies (DFS), University of Delhi,
1st April 2017.

Grants
Research Projects
1  Co-PI, Major research project on “Financial Integration in the SAARC Region: Empirical
Analysis and Policy Issues”, funded by ICSSR, 2015-2017, Budget: Rs. 40 Lakhs. Project
Completed.
2  PI, Initiation grant “On the Financial Performance of Clean Energy Indices and Compan-
ies”, funded by IIT Kanpur, 2016-2018. Budget: Rs. INR 27 Lakhs. Project Completed.
Conference
Conferences  IFC-2019, IIM Ahmedabad|| ACEGD-2019, ISI Delhi|| DSE-Winter School
2018, Delhi School of Economics|| IFC-2018, IIM Calcutta|| NSEF-2018, IIM
Ahmedabad|| ACEGD-2018, ISI Delhi|| WEAI – 2018, 93rd Annual Confer-
ence, Vancouver, Canada || CCPF-2018, Cross Country Perspectives in Fin-
ance, Guangzhou, China|| PFMC-2017, IPAG Business School, Paris, France||
IFC-2017, IIM, Bangalore|| 8th EMF, Emerging Markets Finance Conference,
IGIDR, Mumbai|| ICFMCF – 2017, 2018, IIT Kharagpur|| YFS-2017, 4th Young
Finance Scholars’ Conference, University of Sussex, UK|| 15th INFINITI-2017,
Universitat de València, Trinity College Dublin, Monash University|| IFC-2016,
IIM, Ahmedabad|| TIES (2016)|| Asian Community Conference, Incheon,
South Korea|| SAED-2016, South Asian University (SAU), New Delhi|| BL-
AEF 2016, Conference on Applied Financial Modelling, Deakin University,
Victoria, Australia|| IFC-2015, IIM, Kolkata|| DSE-Winter School 2015, DSE
New Delhi|| ICMFII, 5th, University of Bahrain, Bahrain|| IDRC Workshop,
Institute of Economic Growth (IEG)|| WEAI 10th Biennial Pacific Rim Con-
ference - 2013, Keio University, Tokyo, Japan|| TIES, 49th Annual Con-
ference of the Indian Econometric Society, 2013|| AMES-2012, The Asian
Meeting of the Econometric Society, 2012|| AES-2012, 8th Biennial Interna-
tional Workshop|| PPG-2012, International conference on public policy and
governance, Indian Institute of Science, Bangalore|| Money and Finance Con-
ference, IGIDR, 2012|| DSE Winter School-2011,DSE, New Delhi.

Professional Ac vi es Outside Ins tute

1  Resource Person, “One-Day Workshop on R” organized by IIM Lucknow on 16th Septem-
ber 2018.
2  Delivered a talk on “Price Discovery Process of Indian Commodity Derivatives Market” at
NISM, Mumbai on 18th December 2017.
3  Resource Person, “Power System Economics” organized by IIT Kanpur, Noida Extension
Center, 13-17th December 2017.
4  Resource Person “Workshop on Statistical Techniques and R Software (STARS - 2016)”
organized by HSS, IIT Kanpur, 8-12 September 2016.
5  Resource Person ”Econometrics: Theory and Application” at Dayalbagh Educational In-
stitute, Agra, 5-7 March 2016.
6  Resource Person “Basic Econometrics and Applications” at University of Kashmir, 24 May
- 2 June 2016.
7  Resource Person “Sustainable Development: Policy and Management” organized by HSS,
IIT Kanpur, November 30 – Dec. 05, 2015.
8  Resource Person “Two-Week Training Program for Indian Economics Service (IES) Of-
ficers” of the Ministry of Finance, Government of India, organized by Institute of Economic
Growth, New Delhi, 7-18 September, 2015.

Referee
Journals  Energy Policy, Energy Economics, European Journal of Finance, Applied Econom-
ics, Applied Financial Economics, Journal of Economic Studies, World Economy,
Emerging Markets Finance and Trade, International Journal of Emerging Markets,
Indian Economic Review, Journal of Quantitative Economics, Research in Interna-
tional Business and Finance, Economic Modelling
Other Recogni ons
Mentor  RBI Policy Challenge – 2018, National Round Winner, organized by RBI.
Citations  Citations: 269 || h-index: 9 || i10-index: 9 as on 3rd Jan. 2019
 https://scholar.google.co.in/citations?user=qXu4zDMAAAAJ&hl=
en

IDEAS-REPEC  Top 25% Authors in India, Publication-wise by IDEAS-REPEC

 https://ideas.repec.org/top/top.india.html

References
Available on Request

Last updated: 25th September. 2019