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Viral V. Acharya

Viral V. Acharya

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 joined New York University Stern School of Business as a Professor of Finance in September 2008. Prior to joining NYU Stern, Professor Acharya was a Professor of Finance and Academic Director of the Private Equity Institute at the London Business School, a Research Affiliate of the Center for Economic Policy Research and an Academic Advisor to the Bank of England. He was appointed Senior Houblon-Normal Research Fellow at the Bank of England to conduct research on efficiency of the inter-bank lending markets for the summer of 2008.

Professor Acharya's research interests are in the regulation of banks and financial institutions, corporate finance, credit risk and valuation of corporate debt, and asset pricing with a focus on the effects of liquidity risk. He has published articles in the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Business, Rand Journal of Economics, Journal of Financial Intermediation, Journal of Money, Credit and Banking, and Financial Analysts Journal.

Professor Acharya has received numerous awards and recognition for his research. He received the Best Paper Award in Corporate Finance from the Journal of Financial Economics in 2000, Best Paper Award in Equity Trading at the Western Finance Association Meetings in 2003, Outstanding Referee Award for the Review of Financial Studies in 2003, the inaugural Lawrence G. Goldberg Prize for the Best Ph.D. in Financial Intermediation, Best Paper Award in Asset Pricing from the Journal of Financial Economics in 2005, and an inaugural Rising Star in Finance Award in 2008.

Professor Acharya earned a Bachelor of Technology in Computer Science and Engineering from the Indian Institute of Technology, Mumbai, and a Ph.D. in Finance from New York University Stern School of Business.

Research Interests

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

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 Research

In an op-ed, Prof. Viral Acharya discusses his research on eurozone banks' capital shortfall

Benchmarking the European Central Bank's Asset Quality Review and Stress Test: A Tale of Two Leverage Ratios

In a letter to the editor, Profs Viral Acharya and Robert Engle discuss their research on banking stress tests

Stress Testing the European Banking System

Prof. Viral Acharya's research on stress tests is cited

Prof. Viral Acharya's research on European bank stress tests is highlighted

Prof. Viral Acharya discusses the Stern Volatility Institute's Systemic Risk Rankings

Prof. Viral Acharya spoke about risk in the insurance industry at a Brookings Institute panel discussion

Prof. Viral Acharya on Stern's conference on Indian markets with the National Stock Exchange

"Guaranteed to Fail" is named to American Banker's summer reading list for commercial bankers

Risk & the Global Economy Are Focus at NYU Stern’s 2nd Annual Risk Management Symposium

Macro-Financial Modeling Group Conference

Professors Robert Engle & Viral Acharya Warn that European Stress Test Risk Measures are Flawed

Prof. Viral Acharya's research on stress-testing European banks is cited

In an op-ed, Profs. Viral Acharya and Robert Engle discuss banking stress tests

Prof. Viral Acharya on fire-sale risk in financial markets

In an op-ed, Prof. Viral Acharya discusses the global impact of China's economy

The Coming Chinese Sneeze

Prof. Viral Acharya's research on European banks is highlighted

Prof. Viral Acharya on China's economic growth

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