PEOPLE

Viral V. Acharya

C.V. Starr Professor of Economics
NYU Stern
Research programmes: 
Email address: 
vacharya@stern.nyu.edu

Viral V. Acharya is C.V. Starr Professor of Economics at the New York University Stern School of Business, having previously been Professor of Finance and Academic Director of the Private Equity Institute at the London Business School. He is a Research Affiliate of CEPR 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. He holds a Ph.D. in Finance from Stern School of Business, New York University and a Bachelor of Technology in Computer Science and Engineering from Indian Institute of Technology, Mumbai.

His research interests are in the regulation of banks and financial institutions, corporate finance, valuation of corporate debt, and asset pricing with a focus on the effects of cash management and liquidity risk. He has published articles in the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Business, and Financial Analysts Journal. He is the recipient of Best Paper Award in Corporate Finance - Journal of Financial Economics, 2000, Best Paper Award in Asset Pricing – Journal of Financial Economics, 2005, Best Paper Award in Equity Trading - Western Finance Association Meetings, 2003, Outstanding Referee Award for the Review of Financial Studies, 2003, and the inaugural Lawrence G. Goldberg Prize for the Best Ph.D. in Financial Intermediation.

Related Content

RAPID RESPONSE

The Dodd-Frank Act and Basel III: Intentions, Unintended Consequences, Transition Risks and Lessons for India

This paper by Viral Acharya (NYU Stern), attempts to explain the changes to financial sector reforms under the Dodd-Frank Act in the United States and Basel III requirements globally; their unintended consequences; and, the risks to currently fast-growing nations such as India from transition of the global financial sector to these changes.

Countries: 
Research programmes: 
Researchers: 
WORKING PAPER

State Ownership and Systemic Risk: Evidence from the Indian Financial Sector during 2007-09

The global financial crisis which began in the fall of 2007 and progressively worsened in 2008, affected the Indian financial sector beginning only 2008. While Indian financial firms have been fairly resilient compared to their global counterparts, we show that Indian private sector firms faced greater losses compared to public sector firms during the crisis period of 2008-2009.

Countries: 
Research programmes: