Working Papers

Agarwal, Natasha, Sanchit Arora, Akhil Behl, Rohini Grover, Shashwat Khanna, and Susan Thomas. 2013. “A Systematic Approach to Identify Systemically Important Firms.” Indira Gandhi Institute of Development Research. http://ifrogs.org/releases/Thomasetal2013_systemicRisk.html.

Aggarwal, Nidhi, Sargam Jain, and Susan Thomas. 2014. “Do futures markets help in price discovery and risk management.” Indira Gandhi Institute of Development Research. http://ifrogs.org/releases/Aggarwaletal2014_pricediscoveryriskmanagementCommodities.html.

Aggarwal, Nidhi, Manish Singh, and Susan Thomas. 2012. “Do Changes in Distance-to-Default Anticipate Changes in the Credit Rating?” Indira Gandhi Institute of Development Research. http://ifrogs.org/releases/Aggarwaletal2012_distancetodefaultAnticipatecreditrating.html.

———. 2022. “Informational Efficiency of Credit Rating.” XKDR Forum Working Paper No. 14. https://xkdr.org/paper/informational-efficiency-of-credit-ratings.

Aggarwal, Nidhi, and Susan Thomas. 2014. “The causal impact of algorithmic trading on market quality.” Indira Gandhi Institute of Development Research. http://ifrogs.org/releases/ThomasAggarwal2014_algorithmicTradingImpact.html.

———. 2017. “Response of firms to listing: evidence from SME exchanges.” Finance Research Group, Indira Gandhi Institute of Development Research. http://ifrogs.org/releases/AggarwalThomas2017_listings.html.

Chitgupi, Aneesha, Ajay Shah, Manish K. Singh, Susan Thomas, and Harsh Vardhan. 2024. “Who Lends to the Indian State?” XKDR Forum Working paper 34. https://xkdr.org/paper/who-lends-to-the-indian-state.

Chitgupi, Aneesha, and Susan Thomas. 2023. “Learning by Doing for Public Procurement.” XKDR Forum Working paper 22. https://xkdr.org/paper/learning-by-doing-for-public-procurement.

D’cruze, Natasha, Indradeep Ghosh, Geetika Palta, Misha Sharma, and Susan Thomas. 2023. “Measuring Financial Inclusion: A Project Report.” Dvara Research Foundation and XKDR Forum.

Krishnan, K. P., Ajay Shah, Susan Thomas, Diya Uday, and Harsh Vardhan. 2025. “Incremental Reform of Banking Law in India.” XKDR Forum Working Paper 39. https://xkdr.org/paper/incremental-reform-of-banking-law-in-india.

Manivannan, Pavithra, Charmi Mehta, and Susan Thomas. 2024. “Improving Supply Chain Management of Medicines for Public Healthcare in India.” XKDR Forum Working paper 36. https://xkdr.org/paper/improving-supply-chain-management-of-medicines-for-public-healthcare-in-india.

Manivannan, Pavithra, Susan Thomas, and Bhargavi Zaveri-Shah. 2022. “Evaluating Contract Enforcement by Courts in India: A Litigant’s Lens.” XKDR Forum Working Paper No. 16. https://xkdr.org/paper/evaluating-contract-enforcement-by-courts-in-india-a-litigants-lens.

Patnaik, Ayush, Ajay Shah, Anshul Tayal, and Susan Thomas. 2021. “But clouds got in my way: Bias and bias correction of VIIRS nighttime lights data in the presence of clouds.” XKDR Forum Working Paper No. 7. https://xkdr.org/releases/PatnaikShahTayalThomas_2021_bias_correction_nighttime_lights.html.

Pattanaik, Arpita, and Susan Thomas. 2017. “Assessing the impact of a commodity transactions tax.” Finance Research Group, Indira Gandhi Institute of Development Research. http://ifrogs.org/releases/PattanaikThomas2017_ctt.html.

Sharma, Anjali, and Susan Thomas. 2021. “The footprint of union government procurement in India.” XKDR Forum Working Paper No. 10. https://xkdr.org/releases/SharmaThomas_publicprocurementestimation.html.

Tayal, Rajat, and Susan Thomas. 2012. “Measuring and Analysing the Asymmetry of Liquidity.” Indira Gandhi Institute of Development Research. http://ifrogs.org/releases/TayalThomas2012_asymmetryofLiquidity.html.

Thomas, Susan, and Diya Uday. 2021. “Does the quality of land records affect credit access of households in India?” XKDR Forum Working Paper No. 1. https://xkdr.org/releases/ThomasUday2021_lrsiAndHouseholdBorrowing.html.