Professor Shanti P. Chakravarty
Division: Financial Studies
Telephone: 01248 38 277
Emeritus Professor of Economics
Former 'Centre for Systems Science' Fellow at the University of Rochester and then research fellow on the Southampton Econometric Model Building Unit. Subsequently worked on the construction of an econometric model for Wales. Recently visiting professor at the University of Frankfurt and the guest lecturer at Central Institute of Finance, Beijing.
Qualifications/Memberships of professional bodies
BSc, George Washington
MSc, PhD Rochester
Corporate governance, development economics, elections and coalition games, and political economy.
Edmund Phelps on Productivity Slowdown: Limits to Utilitarian Economics, Homo Oeconomicus: Journal of Behavioral and Institutional Economics, vol 33 No 1 Aug 2016: 1-9
- Growth, deregulation and rent seeking in post-war British economy (with D. D. Thomakos and K. I. Nikolopoulos) Applied Economics vol 48 no 18 Nov 2015: 1719-1729
Reflections on Thirty Years of Financial Liberalisation, FindEcon Conference, University of Lodz, Poland, May 2014 (http://www.findecon.uni.lodz.pl/images/Chakravarty_FindEcon.pdf)
"Are There Arbitrage Gaps in the UK Gilt Strips Market?" (with S. Armitage, L. Hodgkinson and J. Wells), Journal of Banking and Finance vol 36, no 11, Nov 2012:3080-3090 (http://dx.doi.org/10.1016/j.jbankfin.2012.07.001)
Banking Industry Liberalisation in Ghana (with Elves Adjei), Review of Development Finance, vol 2 issue 2 April-June 2012:93-99. DOI information: 10.1016/j.rdf.2012.01.006
- Inequality Adjusted Growth Rates in Latin America (with A. Angeriz and P. Arestis), Cambridge Journal of the Regions and Society (special issue on Persistence of Inequality), vol 4(1):29-48, 2011
Inequality in a Market Economy Section 7.5 (pp 177-179) in Rhys Davies et al An Anatomy of Economic Inequality in Wales: A Report Prepared on Behalf of the Wales Equality and Human Rights Commission, 2011, Cardiff. PDF download
Public Perception and Police Delivery (with Y. Altunbas and M. Feilzer). PDF download
Inequality Adjusted Growth Rates in Latin America (with A. Angeriz and P. Arestis). PDF download
Neo-Conservative or Neo-Liberal?, Homo Oeconomicus, Special Festival Issue, vol 25 (3/4), 2008, pp 381-97
Changing Patterns of UK Poverty 1997-2004 (with Alvaro Angeriz), Cambridge Journal of Economics, 31 (6), 2007, 995-1006.. ISSN 0309-166X
Do credit markets have faith in IMF imprimatur? (with Y. Altunbas and A. Kara), Journal of World Economic Review, 1 (2), 219-237. ISSN 0973-4368, 2006
Regional variation in banking services and social exclusion, Regional Studies, 40 (4), 415-428. ISSN 0034-3404, 2006
How significant is the alleged unfair advantage enjoyed by State-owned banks in Germany? (with J. Williams), Cambridge Journal of Economics, 30 (2), 219-226. ISSN 0309-166X, 2006
Ethnic nationalism and income distribution: a case for the Chinese in Malaysia (with A. Roslan), European Journal of Development Research, 16 (2), 270-288 ISSN 0957-8811, 2004
Shareholders and corporate elections (with J. Goddard and L. Hodgkinson), Journal of Management and Governance, 8 (2), 187-197 ISSN 1385-3457, 2004
Comment on minimizing frustration versus median voters' equilibria: a reasonable choice procedure (with P. Skott), Jahrbuch fǘr Neue Politische Őkonomie, Special Edition on Power and Fairness, 20, 51-56 ISSN 0722-5369, 2002
Economic aspects of police stops and searches: a critique, European Journal of Political Economy, 18 (3), 597-605. ISSN 0176-2680, 2002
A note on the electoral rules for the Welsh assembly (with Y. Altunbas and F. Steffen), Public Choice, 111 (1&2), 185-193 ISSN 0048-5829, 2002
Corporate governance and shareholder franchise (with L. Hodgkinson), Journal of Management and Governance, 5 (1), 83-97 ISSN 1385-3457, 2001
Frontier cost functions and bank efficiency (with Y. Altunbas), Economics Letters, 72 (2), 233-240, 2001 ISSN 0165-1765, 2001
Counting the Poor Paper 2003-07 (with A. Angeriz), Welsh Economy and Labour Market Research Centre, University of Wales, Swansea, September 2003
- Too big for Europe: Credit crunch as market failure - (https://www.theguardian.com/commentisfree/2009/apr/24/response-shanti-chakravarty)
- Globalisation and development (August 2016) - (http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=151176)
- Economics of Nationalism - (http://www.island.lk/2005/09/05/features1.html)
- Clash of Civilisations - (http://www.island.lk/2005/10/12/midweek1.html)
- Culture - (http://www.srilankaguardian.org/2008/05/culture-as-justification.html)
- Shackles of History - (http://www.island.lk/2005/10/26/midweek1.html)
- Group Hegemony and Development - (http://www.island.lk/2005/11/23/midweek5.html)
- Business Economics (ASB-2305)
- Choice and Welfare (ASB-3301)
Welsh Economy and Labour Market Research Centre, University of Swansea (2004-2006).
Editorial board membership:
Homo Oeconomicus, Open Environmental Journal.
Editorial board of EURAS Yearbook, published by the European Academy of Standardization.
PhD external examinations:
Cranfield, Liverpool, Southampton, Ulster, Hamburg
Keynote addresses, and other prestigious guest presentations:
Invited guest speaker – Deutsche Bundesbank (2002), inaugural Research Seminar at Liverpool Business School (2003).
Organisation of conferences, learned societies and consortia:
Member of the Scientific Committee of the European Public Choice Society, 2004.
Other indicators of the impact of research:
An article in the European Journal of Political Economy (2002) is quoted in The University of Chicago Law Review (2004), and is cited in the Guidelines for Poststop Analysis issued by the Office of Community Policing Services of the US Department of Justice 2006.
Member of the Vision and Strategy Group for Manufacturing, Welsh Assembly Government.