Published on: 2015-01-22
PhD, George Mason University
Former Post-doctoral Fellow, HKUST IEMS
Former Post-doctoral Fellow, HKUST Institute for Advanced Study
Tel (852) 3469 2349
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AREAS OF EXPERTISE
International Financial Openness and Capital Flows in Emerging Asia
Foreign Bank Entry in Emerging Market Economies
Financial Integration in Asia
Financial Development in Emerging Market Economies
Trade in Services
Sasidaran Gopalan received his PhD in Public Policy in August 2014 from the School of Policy, Government and International Affairs (SPGIA) at George Mason University (GMU), USA. His fields of specialization are international finance and development, with a specific emphasis on emerging market economies. His dissertation examined the monetary and financial dimensions of foreign bank entry in emerging and developing economies. He obtained his MSc in Economics from Madras School of Economics (Chennai, India) in 2007 and BA in Economics from Loyola College (Chennai, India) in 2005.
Prior to his PhD, he spent a year as a Research Associate at the Indian Institute of Management Bangalore (IIMB) (2007-08) working on various policy issues related to trade in services in Asia. After his stint at IIMB, he moved to the Institute of South Asian Studies (ISAS) at the National University of Singapore (NUS) for two years (2008-2010) where he undertook research on international economic policy issues concerning Asia.
He has co-authored two books and published several academic articles in refereed national and international journals as well as contributed to book chapters in edited volumes along with various op-eds.
His current research focuses on the various implications of financial openness and capital flows on financial development and integration in emerging Asia.
SELECTED PAPERS & PUBLICATIONS
- Rajan, R.S. and S. Gopalan (2014). “Economic Management in a Volatile Environment: Monetary and Financial Issues,” Palgrave-Macmillan, 10 chapters, 312 pages.
- Rajan, R.S., S. Gopalan and R. Hattari (2011). “Crisis, Capital Flows and FDI in Emerging Asia“, Oxford University Press, 10 chapters, 247 pages.
Selected Refereed and Peer-Reviewed Journal Articles
- Gopalan, S. (2015). “Financial Liberalization and Foreign Bank Entry in Emerging Market and Developing Economies: What Does the Literature Tell Us?,” Journal of International Commerce, Economics and Policy, 6(2): 1-25.
- Gopalan, S., A.A. Malik and K.A. Reinert (2013). “The Imperfect Substitutes Model in South Asia: Pakistan-India Trade Liberalization in the Negative List”, South Asia Economic Journal, 2013, 14(2): 211-230 (Lead Article).
- Rajan, R.S. and S. Gopalan (2010). “India’s International Reserves: How Large and How Diversified?,” Global Economy Journal, 10(3): 1-16.
- Gopalan, S., and K.R. Shanmugam (2010). “The Multi-Fibre Agreement Phase-Out: Efficiency Implications of Textile Firms in India,” Trade and Development Review, 3(1): 59-75.
- Gopalan, S., and R.S. Rajan (2010). “Financial Sector De-Regulation in Emerging Asia: Focus on Foreign Bank Entry,” The Journal of World Investment and Trade, 11(1): 91-108.
- Gopalan, S., and R. Chanda (2009).“Understanding India’s Regional Initiatives with East and Southeast Asia,” Asian- Pacific Economic Literature, 23(1): 66-78.
Selected Book Chapters
- Gopalan, S. (2015). “Banking Globalization and Development,” in Handbook of Globalization and Development (ed) Kenneth A. Reinert, Edward Elgar (Forthcoming).
- Gopalan, S. (2015). “External Financing in India: Sources and Types of Foreign Direct Investment (FDI)” in R.S. Rajan and V. Yanamandra, Managing the Macroeconomy: Monetary and Exchange Rate Issues in India, Palgrave-Macmillan (Forthcoming).
- Gopalan, S. (2015). “Foreign Bank Presence and Financial Development in Emerging and Developing Economies: An Empirical Investigation” in M. Roy and S.S. Roy (eds), Exploring Beyond Boundaries: Essays on Contemporary Issues in International Trade and Finance, Springer India (Forthcoming).
- Rajan, R.S., and S. Gopalan (2011). “What is the Extent and Distribution of FDI Inflows to India?,” Chapter 9, in Exchange Rates and Foreign Direct Investment in Emerging Asia: Selected Issues, Routledge.
- Chanda, R. and S. Gopalan (2011). “Managing Migration in Asia: Role of Interstate Cooperation,” Chapter 10, in Migration, Nation States and International Cooperation, (eds.) Randall Hansen, Jeannette Money, and Jobst Koehler, Routledge.
Working Papers Under Review at Various Journals
- Gopalan, S. (2015). “Does Foreign Bank Entry Contribute to Financial Depth? Examining the Role of Income Thresholds.” Revise and Resubmit, Oxford Development Studies.
- Gopalan, S., and R.S. Rajan (2015). “Does Foreign Bank Entry Make Monetary Policy More Effective?: Exploring the Interest Rate Pass-Through Channel.”
- Gopalan, S., and R.S. Rajan (2015). “Does Foreign Bank Presence Affect Financial Inclusion in Emerging and Developing Economies?”
- Gopalan, S., and R.S. Rajan (2015). “Revisiting Bilateral Foreign Direct Investment Inflows into BRIC Economies.”
- Gopalan, S., and R.S. Rajan (2015). “Has Foreign Aid Been Effective in the Water Supply and Sanitation Sector? Evidence from Panel Data.”
Works in Progress
- Gopalan, S. and T. Kikuchi (Eds.) Financial Inclusion in Asia: Issues and Policy Concerns.
- Gopalan, S., A. Ouyang and R.S. Rajan (2015). “Is All FDI the Same?: Greenfield versus Mergers and Acquisitions in Emerging Asia.”
- Gopalan, S., A. Ouyang and R.S. Rajan (2015). “Impact of FDI in South Asia: Greenfield versus Mergers & Acquisitions.”
- Mackay, P. and S. Gopalan (2015). “Assessing Corporate Risk Management in Emerging Markets.”
- Gopalan, S., and R.S. Rajan (2015). “Exploring the Links between Financial Inclusion and Macroeconomic Volatility.”
- Gopalan, S., and R.S. Rajan (2015). “Determinants of Financial Inclusion in India” (with Ramkishen S. Rajan).
- Gopalan, S. (2015). “Foreign Bank Entry and SMEs Access to Credit.”
[IEMS Thought Leadership Brief] Foreign Banks in Emerging Markets: Advantage or Impediment? by Sasidaran Gopalan
[IEMS Academic Seminar] How Does Foreign Bank Entry Affect Monetary Policy Effectiveness? : Exploring the Interest Rate Pass-Through Channel by Sasidaran Gopalan
[IEMS Working Paper] How Does Foreign Bank Entry Affect Financial Inclusion in Emerging and Developing Economies? by Sasidaran Gopalan (with Ramkishen S. Rajan)
[IEMS Working Paper] Does Foreign Bank Entry Contribute to Financial Depth?: Examining The Role of Income Thresholds by Sasidaran Gopalan
[IEMS Working Paper] Does Foreign Bank Entry Affect Monetary Policy Effectiveness?: Exploring the Interest Rate Pass-Through Channel by Sasidaran Gopalan (with Ramkishen S. Rajan)
[Media Coverage] Not all FDI is equal, said Sasidaran Gopalan et al on Financial Express
Watch Dr Gopalan explain the key takeaways of the brief
View full brief (PDF)
As emerging markets and developing economies (EMDEs) continue to liberalise their bank-based financial systems, foreign banks can be expected to play systemically more important roles. In this context, there is an urgent and ongoing need for countries to assess the cost-benefit tradeoffs of foreign bank entry and design appropriate policies to maximise the net gains while minimising the risks associated with this form of financial liberalisation.
[Bio] Sasidaran Gopalan
[IEMS Academic Seminar] The Impact of Financial Institutions on Property Rights – and the Impact of Institutions on Financial Volatility in Transition Economies by Christopher Hartwell, CASE (Warsaw)
[IEMS Academic Seminar] How Does Foreign Bank Entry Affect Monetary Policy Effectiveness? : Exploring the Interest Rate Pass-Through Channel by Sasidaran Gopalanfinancial liberalisation, foreign bank entry