Arvind K. Jain, PhD

Professor Arvind K. Jain joined the Department of Finance in June 1990, leaving Indiana University where he held a visiting position. Dr. Jain's research interests are in international banking, international finance and corruption. His special areas of interest are studying the persistence of political corruption and investor and policy-makers behaviour.

His past research papers dealing with corruption, agency theory and the debt crisis, capital flight, international lending decisions of banks, foreign debt and foreign trade of developing countries and commodity futures markets have appeared in Journal of International Business Studies, Journal of Money, Credit and Banking, Journal of Economic Psychology, Economics Letters, Journal of Economic Surveys, Canadian Foreign Policy Journal and other academic journals.

In addition, he has written six books: Commodity Futures Markets and the Law of One Price (The University of Michigan, 1981), International Financial Markets and Institutions (Kolb Publishing Co., 1994), Essentials of International Financial Management (Gitan Publications, 2009 and 2019), Macroeconomics for Managers and Investors (Gitan publications, 2012 and 2021), Understanding Political Corruption (2025) and International Banking Challenges (forthcoming 2026) and has edited two volumes on corruption: Economics of Corruption (Kluwer Academic Publishers, 1998) and Political Economy of Corruption (Routledge, 2001). He has served on the editorial boards of a number of academic journals, including the Journal of International Business Studies.

Education

PhD (University of Michigan)

Areas of expertise

• Corruption
• Currency crisis
• Exchange rates
• Financial markets