LILLIAN PENSON HALL • ROOM 2 • 15-25 TALBOT SQUARE • W2 1TT • LONDON
PHONE 447595752942 • E-MAIL A.SHANGHAVI@LSE.AC.UK
AMAR SHANGHAVI
EDUCATION
2008 – 2009 London School of Economics
Masters of Science in Economics
2002 - 2006
Brock University
Bachelors of Business Economics
London, England
St. Catharines, Ontario
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Financial Economics Option (Honors) with First Class Standing.
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Graduating average 91%, Deans medal for highest academic standing in department of social sciences.
PROFESSIONAL EXPERIENCE
August 2006 to July 2008 African Department, International Monetary Fund, Washington DC
Research Assistant Program, African Department
 Team member on two missions for the Policy Support Instrument (PSI) to Cape Verde.
Participated in program negotiations for the PSI with the Ministry of Finance and the Central
Bank.
 Presented major findings on the recent trends in remittances to Cape Verde to the Governor of
the Central Bank and Minister of Finance.
 Carry out both research and statistical work, including application of advanced applied
econometric techniques for IMF staff reports and papers.
 Examine cross country macroeconomic data and carry out interpretation of empirical results
pertaining to macro-economic and structural adjustment topics.
 Use the IMF financial programming techniques to forecast various economic indicators for the
World Economic Outlook.
 Improve database management for better sharing of information amongst various country teams
and restructuring of sector files.
 Produce daily graphs, tables and news reports for relevant country updates.
 Assist in the production of documents, working papers and publications, including drafting
notes and preparing technical annexes (i.e. indicating sources, definitions, methods of calculation
etc.).
 Mentored first year Research Assistants.
May 2004 to April 2006 Economics Department, Brock University, St Catharines, Ontario
Teaching Assistant
 Leading first year micro and macroeconomics tutorials.
May 2004 to August 2004 Economics Department, Brock University, St Catharines, Ontario
Research Assistant, Climate Change Lab
 Studying economic incentives for watershed management.
 Participated in Canadian Water Network (CWN) Student Workshop 2004.
PUBLICATIONS/ CONTRIBUTIONS
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Cihak M, Iossifov P and Shanghavi A, 2008, “Interest Rate Elasticity of Residential Housing
Prices”, IMF Working Paper 08/247. Currently being prepared for submission to the Journal of
Housing Economics.
Shanghavi A, 2008, “Riding the Economic Cycle—Are Remittances a Reliable Macroeconomic
Shock Absorber for Cape Verde?” IMF Country Report 08/243.
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Wang J and, Ronci M, Farhan N, Takebe M and Shanghavi A, 2008, “The Choice of Monetary
and Exchange Rate Arrangements for a Small Open Economy: The Case of Sao Tome and
Principe”, IMF Working Paper 08/118.
Loukoianova E and Shanghavi A, 2007, “Growth in Credit to Private Sector in Selected Sub
Saharan African Countries”, Ghana: Selected Issues; IMF Country Report 07/208.
Wang J, 2007, “What Drives China’s Growing Role in Africa?” IMF Working Paper 07/240. I
authored the statistical annex to the paper on terms of trade relationship between China and
Africa.
Iossifov P and Loukoianova E, 2007, “Estimation of Behavioral Equilibrium Exchange Rate
Model for Ghana”, IMF Working Paper 07/155. I provided research assistance and statistical
analysis.
Bruno R, Daya I and Shanghavi A, 2006, "Economic Incentives for Promoting Energy
Efficiency", Winning paper submitted to Natural Resources Canada for annual competition in
the field of energy efficiency.
Shanghavi A, 2006, “Testing the Predictive Ability of Including an Own Rate of Return in the
Demand for Money Equation” - Graduation essay.
AWARDS RECEIVED
Deans medal for Faculty of Social Science 2006
Distinguished Graduating Student Award 2006
Department of Economics Book Prize 2006
Energy Ambassador 2006
John W Bean and Kathryn Bean Becker Scholarship 2005
Pepsi Canada Award 2005
Brock University Deans Honors List 2003-06
Brock University Returning Students Scholarship 2003-05
PROFESSIONAL DEVELOPMENT/ CONFERENCES
New World, New Capitalism Symposium in Paris from Jan 7th – Jan 9th
IMF Institute, International Monetary Fund, Washington DC
 Financial Econometrics (Vance Martin) Panel Data Analysis (Badi Baltaji), Econometric
Modeling and Forecasting (David Hendry) and Macroeconomic modeling and forecasting using
Eviews (John Cuddington).
March 2006 Globe Conference and Trade Fair
 Presented the paper “Economic Incentives for Promoting Energy Efficiency” at Globe 2006
trade fair in Vancouver, British Columbia, Canada.
INTERESTS AND ACTIVI TIES
Acting
 Director and actor in short film titled “The Visible Hand”, 2008 – The movie is going to be
submitted to various environmental film festivals.
 Directed instructional cycling safety video in Kiswahili.
 Participated in the National Film Competition, Washington DC, October 2007
Sports/ Adventure
 Africa Cricket U-19 Cup 1999/00 and East Africa championships U-19 2001/02
 Climbed Mount Kilimanjaro in February 2002, reaching a height of 4100 meters.
 Ran the Marine Corps 10k 2007, rank 97/2695.
Volunteer
 IMF mentorship program – teaching math to 5th graders, 2008
 UWABA Dar member – Lobby group to promote safe cycling for Dar es Salaam residents.
 Streetwise – Working with clients on improving their basic computer and interview skills, 2007
Languages
 English, Kiswahili, Hindi, Gujarati.