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Acharya. Viral V.
C.V. Starr Professor of Economics, Department of Finance
Deputy Governor, Reserve Bank of India (23rd Jan 2017 to 23 July 2019)
Research Associate in Corporate Finance, National Bureau of Economic
Research (NBER)
Research Affiliate, Centre for Economic Policy Research (CEPR)
Research Associate, European Corporate Governance Institute (ECGI)
Joined Stern 2008
Short Bio
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Email: vacharya@stern.nyu.edu
Office: KMEC 9-65
44 West Fourth Street
Suite 9-190
New York, NY 10012-1126
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(NEW) "Divided We Fall: International Health and Trade Coordination During a Pandemic" (with Zhengyang Jiang, Robert Richmond and Elu von Thadden), November 2020
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(NEW) "The Value of a Cure: An Asset-Pricing Perspective" (with Timothy Johnson, Suresh Sundaresan and Steven Zheng), November 2020
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(NEW) "Do we really need Indian corporations in banking?" (with Raghuram G Rajan), November 23, 2020
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"Quest for Restoring Financial Stability in India" (Amazon book link for India) SAGE India Publishing, July 2020
- Based on speeches while a Deputy Governor at the Reserve Bank of India (23rd Jan 2017 - 23rd July 2019)
- A new introductory chapter titled "Fiscal Dominance: A Theory of Everything in India"
- My share of proceeds will all go towards Pratham India: Every Child in School & Learning Well and PrathamUSA
- Visit the book's page for related articles, talks, podcasts...
(NEW) Indian Banks: A Time to Reform? (with Raghuram G Rajan), 21 Sep 2020
(NEW) VOXEU podcast on Europe's zombie lending and the "lost decade" (with Tim Phillips), August 2020
(NEW) The risk of being a fallen angel and the corporate dash for cash in the midst of COVID (with Sascha Steffen), forthcoming in Review of Corporate Financial Studies
(Long version) Download PDF (July 2020)
(Short version) Download PDF, in COVID Economics: A Real Time Journal
(Video) Short NBER presentation
(NEW) Corporate Dash for Cash and the Crash of Bank Stock Prices (with Rob Engle and Sascha Steffen), Presentation to Standard & Poor's, CFA Society New York and Bank of England, 28-30 June 2020
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Education:
- PhD Finance, New York University Stern School of Business, 2001
- B. Tech. Computer Science and Engineering, Indian Institute of Technology, 1995
Teaches:
- Business, Economy and Policy in the midst of COVID-19 (MBA and Undergraduate), Credit Risk (MBA)
- Corporate Finance Theory - Part II (PhD), Nexus of Sovereign and Financial Risks (PhD)
Research Interests:
- Regulation of banks and financial institutions
- Sovereign debt and international finance
- Corporate finance
- Credit risk and valuation of corporate debt
- Asset pricing with a focus on the effects of liquidity risk
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