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Viral V. Acharya (on leave starting 20th Jan, 2017)

Viral V. Acharya (on leave starting 20th Jan, 2017)

Joined Stern 2008

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 9-84
New York, NY 10012

E-mail vacharya@stern.nyu.edu
Personal website

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Biography

Viral V. Acharya is the C.V. Starr Professor of Economics in the Department of Finance at New York University Stern School of Business (NYU-Stern). He will be on leave starting 20th January 2017 for a three-year term as a Deputy Governor at the Reserve Bank of India.

Viral’s primary research interest is in theoretical and empirical analysis of systemic risk of the financial sector, its regulation and its genesis in government-induced distortions, an inquiry that cuts across several other strands of research – credit risk and liquidity risk, their interactions and agency-theoretic foundations, as well as their general equilibrium consequences.

Viral is the recipient of the the inaugural Banque de France – Toulouse School of Economics Junior Prize in Monetary Economics and Finance, 2011, and recently the 2017 Alexandre Lamfalussy Senior Research Fellowship of the Bank for International Settlements (BIS).

Viral completed Bachelor of Technology in Computer Science and Engineering from Indian Institute of Technology, Mumbai in 1995 and Ph.D. in Finance from NYU-Stern in 2001. Prior to joining Stern, he was at London Business School (2001-2008), the Academic Director of the Coller Institute of Private Equity at LBS (2007-09) and a Senior Houblon-Normal Research Fellow at the Bank of England (Summer 2008).

Research Interests

  • Regulation of banks and financial institutions
  • Nexus of sovereign and financial credit risks
  • Credit risk and valuation of corporate debt
  • Asset pricing with a focus on the effects of liquidity risk
  • Corporate finance

Courses Taught

  • Credit Risk

Academic Background

B.Tech., Computer Science and Engineering
Indian Institute of Technology

Ph.D., Finance
New York University Stern School of Business

Related News & Research

Professor Viral Acharya's views on capital measures are featured

NYU Stern Professor Viral Acharya Named Deputy Governor of the Reserve Bank of India

Professor Viral Acharya is appointed deputy governor of the Reserve Bank of India

Professor Viral Acharya's research on banking in Europe is referenced

In an in-depth interview, Professor Viral Acharya shares his views on Deutsche Bank, banking in India and the global financial crisis

Professor Viral Acharya shares his views on monetary policy and systemic risk

Turning Off the Dividend Spigot

Professor Viral Acharya is interviewed about his joint research on banking dividends

Professor Viral Acharya is interviewed about his joint research on banking dividends

Professor Viral Acharya discusses his research on unconventional monetary policy

Professor Viral Acharya's joint research and Professor Kim Schoenholtz's blog post on stress tests are featured

Professor Viral Acharya's joint research on banking stress tests is spotlighted

European Banks Could be on Shaky Ground in a Crisis

European Banks Could be on Shaky Ground in a Crisis

Professor Viral Acharya is interviewed about his new research on European stress tests

Professor Viral Acharya is interviewed about his research on stress tests

Professor Viral Acharya discusses Raghuram Rajan's plan to rescue the Reserve Bank of India

Professor Viral Acharya discusses the merits of using conditional value-at-risk (CoVAR) for stress tests of investment companies

Professor Viral Acharya discusses challenges in financial regulation

In a co-authored op-ed, Professor Viral Acharya argues that borrowing in foreign currency by emerging market firms may threaten financial stability

Areas of Expertise

Economics

  • Federal Reserve Bank/Central bank

Finance

  • Asset Management
  • Corporate Finance
  • Derivatives
  • Financial Regulation
  • Private Equity Funds

Information, Operations & Management Sciences

  • ITSolutions
  • Productivity and Performance
  • Social Media