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Avishek Bhandari

AVISHEK BHANDARI

Dynamic learning voyager | Decoding the cosmic blues of economic networks

Assistant Professor exploring macroeconomic and financial networks across space and time from IIT Bhubaneswar's research outpost. Interested in how markets adapt, evolve, and communicate—from network-based market efficiency frameworks to cryptocurrency ecosystem dynamics. Currently investigating how information flows create economic contagion patterns and why digital assets behave like they're from a parallel universe.

Mission Brief

Dr. Avishek Bhandari operates from the Economics Research Station at IIT Bhubaneswar, where he studies how economies interconnect and evolve. His journey began at the University of Hyderabad, while exploring interdependence, contagion and long-memory in global markets through wavelet analysis—basically mapping the Force that binds market networks together.

Before joining the IIT Bhubaneswar in late 2022, he spent time at IMT Hyderabad's research facility and completed specialized training at Oxford's macroeconomic summer academy. Think of it as Jedi training, but for understanding why markets do what they do when nobody expects them to.

His research universe navigates how shocks propagate through interconnected macroeconomic and financial systems like ripples in the space-time continuum. Current missions include mapping network architectures of digital and traditional assets, tracking network-dependent market efficiency, understanding how economic contagion spreads faster than the Kessel Run, and how information flows through economic systems—because even the Death Star needed good communication protocols. In the end, every economic system is just a vast network—and understanding its topology is the key to predicting when the next disturbance in the Force will strike.

Active Research Modules

Network-Adaptive Market Intelligence

Developing frameworks that integrate network theory, information dynamics, and long-memory processes to enhance understanding of market efficiency. Exploring how directed information flows between assets reveal temporal dependencies and structural patterns across financial networks during various market conditions.

NETWORKS EFFICIENCY DYNAMICS STRUCTURE

Macroeconomic Information Networks

Developing frameworks for understanding economic contagion that integrate fundamental linkages, pure contagion mechanisms, and information processing heterogeneity. Bridging insights from international macroeconomics, behavioral finance, and network analysis to understand how shocks propagate in the modern global economy through multi-scale analysis of information flows and adaptation dynamics.

CONTAGION NETWORKS MACRO FLOWS

Digital Asset Intelligence

Investigating how cryptocurrency networks exhibit emergent behaviors through machine learning algorithms and adaptive system analysis. Mapping the evolutionary pathways of digital financial architectures as they interface with traditional economic structures, revealing new paradigms of decentralized value transfer across interconnected global protocols.

EMERGENT ADAPTIVE PROTOCOLS INTERFACE

Global Market Synthesis

Same math that launches rockets navigates economies—we're just hacking the source code of both. Seeking fellow travelers to forge new statistical learning tools for this cosmic expedition through financial universes-because even the Millennium Falcon needs better AI. Warning: This journey involves dodging black holes of market crashes, asteroid fields of policy shocks,and occasionally hostile economic entities across uncharted financial universes."The universe is not only queerer than we suppose, but queerer than we can suppose. We are not going to be able to understand the new economy until we understand that we are part of something much larger than ourselves—a cosmic dance of information, energy, and consciousness flowing through markets like stardust through the fabric of spacetime itself." — Adapted from J.B.S. Haldane & Carl Sagan

COSMIC NAVIGATION STARDUST CONSCIOUSNESS

Live Economic Constellation

Access real-time visualization of global economic networks, market efficiency indices, and contagion propagation patterns.

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Research Output Database

Long memory in the high frequency cryptocurrency markets using fractal connectivity analysis: The impact of COVID-19
Assaf, A., Mokni, K., Yousaf, I., Bhandari, A.
Research in International Business and Finance, Volume 64, 2023 ELSEVIER
Novel wavelet-based multivariate long memory approach examining hourly cryptocurrency returns during COVID-19, identifying fractal connectivity clustering patterns and interdependence structures across digital asset networks.
Multivariate long memory structure in the cryptocurrency market: The impact of COVID-19
Assaf, A., Bhandari, A., Charif, H., Demir, E.
International Review of Financial Analysis, Volume 82, 2022 ELSEVIER
Comprehensive analysis revealing significant changes in long-range dependence across major cryptocurrencies during COVID-19, demonstrating dramatic shifts in market persistence and fractal structure dynamics following the pandemic outbreak.
Long Memory and Correlation Structures of Select Stock Returns Using Novel Wavelet and Fractal Connectivity Networks
Bhandari, A., Assaf, A., Paramanik, R.N.
Studies in International Economics and Finance, 2022 SPRINGER
Introduction of revolutionary wavelet and fractal connectivity methodologies enables precise mapping of long memory and correlation structures across diverse global equity markets.
Financial cycle, business cycle and policy uncertainty in India: an empirical investigation
Paramanik, R.N., Bhandari, A., Kamaiah, B.
Bulletin of Economic Research, 2021 WILEY
Empirical analysis utilizing advanced econometric frameworks reveals complex interdependencies between financial cycles, business cycles, and policy uncertainty within the Indian economic matrix.
Does climate impact vary across time horizons? A time–frequency analysis of climate-crop yields in India
Padakandla, S.R., Bhandari, A., Atluri, A.K.
Stochastic Environmental Research and Risk Assessment, 2021 SPRINGER
Time-frequency domain analysis demonstrates variable climate impact patterns across multiple temporal horizons, providing critical insights for agricultural yield prediction models.
Long Memory and Fractality Among Global Equity Markets: A Multivariate Wavelet Approach
Bhandari, A., Kamaiah, B.
Journal of Quantitative Economics, 2021 SPRINGER
Multivariate wavelet analysis framework reveals previously undetected long memory and fractality patterns among global equity markets, advancing understanding of market efficiency and interdependence.
Time-varying Nature of Stock Market Interdependence: A Global Perspective
Bhandari, A., Kamaiah, B.
Economic and Political Weekly, Vol. 55, No. 13, 2020 EPW
Investigation of time-varying interdependence patterns among global stock markets using dynamic correlation analysis, revealing structural changes in market connectivity across different economic regimes and crisis periods.

Knowledge Transfer Protocols

Current Mission Modules

ACTIVE_DEPLOYMENT

International Business Systems

Advanced analysis of global trade networks, foreign exchange mechanisms, multinational corporate structures, and international strategic frameworks. Integrates real-world case studies with theoretical foundations.

ACTIVE_DEPLOYMENT

Managerial Economics Interface

Application of economic principles to strategic decision-making processes, covering demand optimization, production theory, market structure analysis, and dynamic pricing algorithms.

ACTIVE_DEPLOYMENT

Mathematical Economics Framework

Essential mathematical tools for economic modeling including advanced calculus, linear algebra, optimization techniques, and their applications in contemporary economic analysis.

Previous Mission Archives

ARCHIVED_2017_2022

Macroeconomic Environment Analysis

Comprehensive coverage of macroeconomic theory, policy frameworks, business cycle dynamics, and their impact on strategic business decision-making processes.

ARCHIVED_2017_2022

Risk Analytics Systems

Advanced quantitative risk analysis methodologies, financial risk modeling frameworks, portfolio optimization algorithms, and comprehensive risk management protocols.

ARCHIVED_2017_2022

Advanced Research Methodology

Graduate-level research framework covering advanced quantitative methodologies, econometric techniques, and statistical analysis protocols for doctoral research programs.

ARCHIVED_2020

Mathematical Finance Engine

Specialized course in mathematical finance modeling, derivatives pricing algorithms, stochastic calculus applications, and advanced financial engineering concepts.

ARCHIVED_2014_2016

Time Series & Spectral Methods

Advanced econometric analysis covering time series methodology, spectral analysis techniques, frequency domain analysis, and their applications in economic data processing.

Research Pod Members

Active Doctoral Researchers

Ipsita Parida

Information Processing and Learning Algorithms in Macroeconomic Contagion Network Systems

Hitesh Kumar Sahu

Network Topology and Statistical Learning Applications in Economics and Financial System Analysis

Shivakumar

Exploring the universal microeconomic foundations of Law and Economics| Co-Navigator under Mission Commander Dr. Sitakanta Panda

Crystal Planet Anyone?

ALTERNATE DIMENSION

Beyond the equations and econometric models lies another universe—one of six strings, tube amps, and the eternal quest for tone. Enter the parallel dimension where he channels legends through Les Pauls and Stratocasters.

RAMBLE_ON! →

Contact Interface

Dr. Avishek Bhandari, Ph.D.
Assistant Professor
School of Humanities, Social Sciences and Management
Indian Institute of Technology Bhubaneswar
Argul, Khordha, Odisha 752050
India

Primary Channel: avishekb [AT] iitbbs [DOT] ac [DOT] in
Direct Line: +91 8688764729

Institute: https://www.iitbbs.ac.in/

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