Viral Acharya

Indian economist

Why Is Viral Acharya Influential?

According to Wikipedia, Viral V. Acharya is an Indian economist who was appointed as Deputy Governor of Reserve Bank of India . He also served as a member of the advisory council of the RBI Academy and was a member of the Academic Council of the National Institute of Securities Markets , Securities and Exchange Board of India since 2014. As of 23 January 2017, he was appointed to serve a three-year term as a Deputy Governor of the Reserve Bank of India. He resigned from the post in July 2019 with 6 months left for his completion of term.

Viral Acharya's Published Works

Number of citations in a given year to any of this author's works

Total number of citations to an author for the works they published in a given year. This highlights publication of the most important work(s) by the author

Published Papers

Asset Pricing with Liquidity Risk (2003) (1488)
Asset Pricing with Liquidity Risk (2003) (1465)
Measuring Systemic Risk (2001) (1273)
Capital Shortfall: A New Approach to Ranking and Regulating Systemic Risks † (2012) (923)
Securitization Without Risk Transfer (2010) (921)
A Theory of Systemic Risk and Design of Prudential Bank Regulation (2001) (884)
Insider Trading in Credit Derivatives (2005) (834)
A Pyrrhic Victory? - Bank Bailouts and Sovereign Credit Risk (2011) (766)
Restoring financial stability : how to repair a failed system (2009) (734)
Does Industry-Wide Distress Affect Defaulted Firms? Evidence from Creditor Recoveries (2007) (730)
Too Many to Fail - An Analysis of Time-Inconsistency in Bank Closure Policies (2004) (727)
Should Banks Be Diversified? Evidence from Individual Bank Loan Portfolios (2002) (675)
Bankruptcy Codes and Innovation (2007) (491)
CAUSES OF THE FINANCIAL CRISIS (2009) (459)
The "Greatest" Carry Trade Ever? Understanding Eurozone Bank Risks (2013) (456)
The Seeds of a Crisis: A Theory of Bank Liquidity and Risk-Taking Over the Business Cycle (2010) (449)
Wrongful Discharge Laws and Innovation (2012) (412)
Limits to Arbitrage and Hedging: Evidence from Commodity Markets (2009) (397)
Rollover Risk and Market Freezes (2009) (386)
Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans (2014) (384)
Cash-in-The-Market Pricing and Optimal Resolution of Bank Failures (2007) (374)
Leverage, Moral Hazard and Liquidity (2010) (371)
Aggregate Risk and the Choice between Cash and Lines of Credit (2010) (364)
A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk (2014) (359)
Creditor Rights and Corporate Risk-Taking (2008) (353)
Financial Dependence and Innovation: The Case of Public Versus Private Firms (2013) (320)
Corporate Governance and Value Creation: Evidence from Private Equity (2009) (319)
Whatever it Takes: The Real Effects of Unconventional Monetary Policy (2017) (307)
Crisis Resolution and Bank Liquidity (2008) (305)
Cash Holdings and Credit Risk (2009) (304)
4. Measuring Systemic Risk (2011) (289)
The Financial Crisis of 2007‐2009: Causes and Remedies (2009) (289)
Do Global Banks Spread Global Imbalances? Asset-Backed Commercial Paper during the Financial Crisis of 2007–09 (2010) (282)
A Crisis of Banks as Liquidity Providers (2013) (281)
Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance (2010) (281)
Information Contagion and Bank Herding (2008) (280)
Liquidity Risk of Corporate Bond Returns: A Conditional Approach (2010) (277)
Caught between Scylla and Charybdis? Regulating Bank Leverage When There is Rent-Seeking and Risk-Shifting (2012) (272)
Labor Laws and Innovation (2009) (262)
Dividends and Bank Capital in the Financial Crisis of 2007-2009 (2009) (261)
Precautionary Hoarding of Liquidity and Inter-Bank Markets: Evidence from the Sub-Prime Crisis (2009) (258)
Testing Macroprudential Stress Tests: The Risk of Regulatory Risk Weights (2013) (251)
The 'Greatest' Carry Trade Ever? Understanding Eurozone Bank Risks (2015) (245)
Is the International Convergence of Capital Adequacy Regulation Desirable? (2000) (227)
Credit Risk: Pricing, Measurement, and Management (2005) (206)
Endogenous Information Flows and the Clustering of Announcements (2008) (206)
Counterparty Risk Externality: Centralized Versus Over-the-Counter Markets (2014) (203)
A Model of Liquidity Hoarding and Term Premia in Inter-Bank Markets (2011) (202)
Creditor Rights and Corporate Risk-Taking (2008) (199)
The Internal Governance of Firms (2009) (192)
Credit Lines as Monitored Liquidity Insurance: Theory and Evidence (2012) (188)
On the Optimality of Resetting Executive Stock Options (1999) (187)
Manufacturing Tail Risk: A Perspective on the Financial Crisis of 2007-09 (2010) (179)
Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking (2009) (169)
Cross-Country Variations in Capital Structures the Role of Bankruptcy Codes (2005) (169)
The End of Market Discipline? Investor Expectations of Implicit Government Guarantees (2016) (166)
Corporate Bond Valuation and Hedging with Stochastic Interest Rates and Endogenous Bankruptcy (2001) (165)
The Risk of Being a Fallen Angel and the Corporate Dash for Cash in the Midst of COVID (2020) (164)
Rollover Risk and Market Freezes (2011) (162)
Banks’ Financial Reporting and Financial System Stability (2015) (150)
A Crisis of Banks as Liquidity Providers: A Crisis of Banks as Liquidity Providers (2015) (144)
Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent (2012) (143)
More Insiders, More Insider Trading: Evidence from Private Equity Buyouts (2007) (138)
Understanding the Recovery Rates on Defaulted Securities (2003) (138)
Do Global Banks Spread Global Imbalances? The Case of Asset-Backed Commercial Paper During the Financial Crisis of 2007-09 (2010) (138)
Guaranteed to Fail: Fannie Mae, Freddie Mac, and the Debacle of Mortgage Finance (2011) (137)
The End of Market Discipline? Investor Expectations of Implicit State Guarantees (2013) (133)
Sovereign Debt, Government Myopia, and the Financial Sector (2011) (132)
Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking (2008) (132)
Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies (2006) (130)
Fire-Sale FDI (2007) (122)
Lending Implications of U.S. Bank Stress Tests: Costs or Benefits? (2017) (121)
A Tax on Systemic Risk (2010) (120)
How Banks Played the Leverage Game (2009) (120)
THE DARK SIDE OF LIQUIDITY CREATION: LEVERAGE AND SYSTEMIC RISK (2010) (114)
Learning in a Medium-Scale DSGE Model with Expectations Based on Small Forecasting Models (pp. 65-101) (2012) (114)
Liquidity Risk and Correlation Risk: A Clinical Study of the General Motors and Ford Downgrade of May 2005 (2007) (106)
Systemic Risk and Deposit Insurance Premiums (2009) (105)
Whatever It Takes: The Real Effects of Unconventional Monetary Policy (2019) (102)
Banks’ Financial Reporting and Financial System Stability: BANKS’ FINANCIAL REPORTING AND FINANCIAL SYSTEM STABILITY (2016) (95)
The Effects of Focus and Diversification on Bank Risk and Return: Evidence from Individual Bank Loan Portfolios (2001) (92)
A Theory of Income Smoothing When Insiders Know More than Outsiders (2011) (90)
Regulating Systemic Risk (2009) (90)
Managerial Hedging, Equity Ownership and Firm Value (2009) (90)
Bank Capital and Dividend Externalities (2013) (88)
Corporate Governance and Value Creation: Evidence from Private Equity (2013) (86)
A Model of Liquidity Hoarding and Term Premia in Inter-Bank Markets (2011) (82)
In the Shadow of Banks: Wealth Management Products and Issuing Banks' Risks in China (2019) (80)
Private Equity: Boom and Bust? (2007) (78)
Corporate Governance Externalities (2010) (78)
Is Europe Overbanked? (2014) (77)
Falling Short of Expectations? Stress-Testing the European Banking System (2013) (75)
Corporate Governance Externalities (2008) (75)
Corporate Debt in Emerging Economies: A Threat to Financial Stability? (2015) (74)
Labor Laws and Innovation (2013) (73)
Wrongful Discharge Laws and Innovation (2014) (69)
Centralized Clearing for Credit Derivatives (2009) (68)
The Seeds of a Crisis: A Theory of Bank Liquidity and Risk-Taking Over the Business Cycle (2012) (67)
The growth of a shadow banking system in emerging markets: Evidence from India (2013) (67)
The Internal Governance of Firms (2011) (66)
Implications of the Dodd-Frank Act (2012) (64)
A Proposal for the Resolution of Systemically Important Assets and Liabilities: The Case of the Repo Market (2012) (63)
Are Banks Passive Liquidity Backstops? Deposit Rates and Flows During the 2007-2009 Crisis (2011) (63)
Robust Capital Regulation (2011) (58)
Analyzing Systemic Risk of the European Banking Sector (2012) (58)
On reaching for yield and the coexistence of bubbles and negative bubbles (2019) (57)
When does Strategic Debt-service Matter? (2002) (56)
Testing macroprudential stress tests: The risk of regulatory risk weights (2014) (55)
Private Equity Vs. PLC Boards in the U.K.: A Comparison of Practices and Effectiveness (2009) (54)
Competition for Managers, Corporate Governance and Incentive Compensation (2011) (51)
Zombie Credit and (Dis-)Inflation: Evidence from Europe (2020) (51)
Liquidity Risk of Corporate Bond Returns (2010) (50)
Dealer Financial Conditions and Lender-of-Last Resort Facilities (2014) (49)
The Anatomy of the Transmission of Macroprudential Policies (2019) (47)
Lender of Last Resort versus Buyer of Last Resort – Evidence from the European Sovereign Debt Crisis (2016) (46)
Finance and Efficiency: Do Bank Branching Regulations Matter? (2011) (45)
Market Failures and Regulatory Failures: Lessons from Past and Present Financial Crises (2011) (43)
Information Contagion and Inter-Bank Correlation in a Theory Of Systemic Risk (2002) (42)
International Alignment of Financial Sector Regulation (2009) (40)
Finance and Efficiency: Do Bank Branching Regulations Matter? (2006) (39)
Pricing Credit Derivatives with Rating Transitions (2000) (39)
Does the Lack of Financial Stability Impair the Transmission of Monetary Policy? (2015) (39)
Imperfect Competition in the Inter-Bank Market for Liquidity as a Rationale for Central Banking (2008) (39)
When Does Strategic Debt-Service Matter? (2002) (38)
A Tale of Two Overhangs: The Nexus of Financial Sector and Sovereign Credit Risks (2012) (38)
What Saved the Indian Banking System: State Ownership or State Guarantees? (2012) (38)
Taxing Systemic Risk (2013) (37)
On the Financial Regulation of Insurance Companies Viral (2009) (37)
Is the Insurance Industry Systemically Risky (2014) (37)
Prologue: A Bird's‐Eye View: The Financial Crisis of 2007–2009: Causes and Remedies (2012) (36)
Corporate Governance in the Modern Financial Sector (2009) (36)
How Do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007 (2012) (35)
Is Cash Negative Debt (2004) (35)
Regulation of Rating Agencies (2011) (34)
A Theory of Slow-Moving Capital and Contagion (2009) (33)
A Theory of Arbitrage Capital (2013) (33)
Financial Dependence and Innovation: The Case of Public versus Private Firms (2015) (33)
The Repurchase Agreement (Repo) Market (2011) (32)
Insider Trading in Credit Derivatives (2005) (31)
The Dodd-Frank Act and Basel III: Intentions, Unintended Consequences, and Lessons for Emerging Markets (2012) (30)
Kicking the Can Down the Road: Government Interventions in the European Banking Sector (2020) (28)
Liquidity Risk of Corporate Bond Returns: A Conditional Approach (2012) (28)
Unintended Consequences of LOLR Facilities: The Case of Illiquid Leverage (2013) (26)
Endogenous Choice of Bank Liquidity: The Role of Fire Sales (2009) (26)
Derivatives: The Ultimate Financial Innovation (2009) (25)
Large Banks and the Volcker Rule (2011) (25)
Forbearance, Resolution and Deposit Insurance (2012) (24)
Bank Lines of Credit as Contingent Liquidity: A Study of Covenant Violations and Their Implications (2014) (24)
Bank Lines of Credit as Contingent Liquidity: Covenant Violations and Their Implications (2016) (24)
Fire Sales, Foreign Entry and Bank Liquidity (2007) (23)
The Risk of Being a Fallen Angel and the Corporate Dash for Cash in the Midst of COVID (2020) (23)
Optimal Financial-Market Integration and Security Design (2003) (23)
A Transparency Standard for Derivatives (2011) (22)
The Social Value of the Financial Sector: Too Big To Fail or Just Too Big? (2013) (21)
Credit Lines and the Liquidity Insurance Channel (2018) (21)
Foreign Currency Borrowing of Corporations as Carry Trades: Evidence from India (2020) (21)
Centralized versus Over-The-Counter Markets (2010) (21)
Moral Hazard, Collateral and Liquidity (2008) (20)
On the Capital-Structure Implications of Bankruptcy Codes (2004) (20)
Private Lessons for Public Banking: The Case for Conditionality in LOLR Facilities (2009) (20)
Monetary easing and financial instability (2017) (20)
Caught between Scylla and Charybdis? Regulating Bank Leverage When There is Rent Seeking and Risk Shifting (2015) (20)
How to Calculate Systemic Risk Surcharges (2014) (20)
How do global banks scramble for liquidity? Evidence from the asset-backed commercial paper freeze of 2007 ☆ (2017) (20)
Limited Liability and Bank Herding (2005) (19)
Monetary Easing, Leveraged Payouts and Lack of Investment (2019) (19)
Costly Financing, Optimal Payout Policies and the Valuation of Corporate Debt (1999) (19)
Is the International Convergence of Capital Adequacy Regulation Desirable (2003) (17)
Contract Renegotiation and the Optimality of Resetting Executive Stock Options (1998) (17)
Systemic Risk and the Regulation of Insurance Companies (2011) (17)
WHAT DETERMINES ENTREPRENEURIAL SUCCESS? — A PSYCHOMETRIC STUDY OF RURAL ENTREPRENEURS IN INDIA (2007) (16)
Seeking Alpha, Taking Risk: Evidence from Non-executive Pay in U.S. Bank Holding Companies (2014) (16)
Why Did Bank Stocks Crash During COVID-19? (2021) (16)
Measuring Systemic Risk for Insurance Companies (2016) (15)
Chapter 7. How Securitization Concentrated Risk in the Financial Sector (2011) (15)
Liquidity Risk and Correlation Risk : Implications for Risk Management ” By Viral (2006) (15)
Regulating OTC Derivatives (2011) (15)
State Intervention in Banking: The Relative Health of Indian Public Sector and Private Sector Banks (2016) (13)
Monetary Transmission in India: Why is it Important and why Hasn't It Worked Well? (2020) (13)
The Financial Sector “Bailout”: Sowing the Seeds of the Next Crisis? (2009) (13)
Reforming Compensation and Corporate Governance (2011) (12)
Zombie Credit and (Dis-)Inflation: Evidence from Europe (2020) (12)
Bank Use of Sovereign CDS in the Eurozone Crisis: Hedging and Risk Incentives (2016) (12)
Capital, Contingent Capital, and Liquidity Requirements (2011) (11)
Private Equity vs. PLC Boards: A Comparison of Practices and Effectiveness - Summary of Research Findings (2009) (11)
Does Hedging Affect Commodity Prices? The Role of Producer Default Risk (2009) (11)
Counterparty Risk Externality: Centralized Versus Over-The-Counter Markets (2010) (11)
Cash-in-The-Market Pricing and Optimal Bank Bailout Policy (2005) (11)
A consensus view on liquidity risk (2011) (11)
Understanding Financial Crises: Theory and Evidence from the Crisis of 2007-8 (2013) (10)
Adapting Micro Prudential Regulation for Emerging Markets (2013) (10)
Corporate Bonds: Valuation, Hedging, and Optimal Call and Default Policies (2000) (10)
Governments as shadow banks : The looming threat to financial stability 1 Viral (2011) (10)
Competition Among Banks, Capital Requirements and International Spillovers (2001) (10)
Bank Liquidity and Bubbles: Why Central Banks Should Lean Against Liquidity (2012) (10)
Capital Flow Management with Multiple Instruments (2018) (10)
Online Appendix of 'The Seeds of a Crisis: A Theory of Bank Liquidity and Risk-Taking Over the Business Cycle' (2011) (9)
How Do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007 (2013) (9)
Competition for Managers and Corporate Governance (2016) (9)
The Anatomy of the Transmission of Macroprudential Policies (2020) (8)
The Dodd-Frank Wall Street Reform and Consumer Protection Act: Accomplishments and Limitations (2011) (8)
Does the lack of financial stability impair the transmission of monetary policy? (2020) (8)
About the Blog (2011) (8)
Lender of last resort versus buyer of last resort - the impact of the European Central Bank actions on the bank-sovereign nexus (2016) (8)
Bank lines of credit as contingent liquidity: Covenant violations and their implications (2019) (8)
Dealer financial conditions and lender-of-last-resort facilities (2017) (8)
Making Sense of the Comprehensive Assessment (2014) (8)
The Value of a Cure: An Asset Pricing Perspective (2020) (8)
The Sensitivity of Cash Savings to the Cost of Capital (2020) (8)
The Dark Side of Liquidity Creation: Leverage and Systemic Risk (2017) (8)
Capital Markets Union in Europe: Why Other Unions Must Lead the Way (2016) (8)
Prologue: A Bird's‐Eye View: The Dodd‐Frank Wall Street Reform and Consumer Protection Act (2011) (7)
Kicking the Can Down the Road: Government Interventions in the European Banking Sector (2020) (7)
Managerial Hedging and Incentive Compensation in Stock Market Economies 1 (2002) (7)
Government Guarantees and Bank Vulnerability During a Crisis: Evidence from an Emerging Market (2019) (7)
The Importance of a Banking Union and Fiscal Union for a Capital Markets Union (2017) (6)
Systemic Risk and Deposit Insurance Premiums (2009) (6)
Government Guarantees: Why the Genie Needs to Be Put Back in the Bottle (2009) (6)
Hedge Funds, Mutual Funds, and ETFs (2011) (5)
Handbook on Systemic Risk: Taxing Systemic Risk (2013) (5)
Accounting and Financial Reform (2011) (5)
Handbook on Systemic Risk: Measuring Systemic Risk (2013) (5)
Guaranteed to Fail: Fannie Mae and Freddie Mac and What to Do about Them** (2013) (4)
Rollover Risk and Market Freezes 1 (2010) (4)
Counterparty Risk Externality: Centralized Versus Over-the-Counter Markets (2011) (4)
Foreign Currency Borrowing of Corporations as Carry Trades: Evidence from India (2020) (4)
Lender of Last Resort, Buyer of Last Resort, and a Fear of Fire Sales in the Sovereign Bond Market (2020) (4)
Why Did Bank Stocks Crash during COVID-19? (2021) (4)
Cash Holdings and Bank Compensation (2016) (4)
Private Equity vs. PLC Boards in the U.K.: A Comparison of Practices and Effectiveness (2008) (4)
Some Ways to Decisively Resolve Bank Stressed Assets (2020) (4)
Adapting Micro Prudential Regulation for Emerging Markets Viral (2013) (4)
On the Importance of Independent Regulatory Institutions: The Case of the Central Bank (2020) (4)
The Anatomy of the Transmission of Macroprudential Policies (2020) (4)
Prompt Corrective Action: An Essential Element of Financial Stability Framework (2020) (4)
On Reaching for Yield and the Coexistence of Bubbles and Negative Bubbles (2018) (4)
FOREIGN FUND FLOWS AND STOCK RETURNS: EVIDENCE FROM INDIA (2014) (4)
Divided We Fall: International Health and Trade Coordination During a Pandemic (2020) (4)
Finance and the Efficiency of Capital Allocation: Do Bank Branching Regulations Matter?* (2006) (4)
Wrongful Discharge Laws and Innovation 1 Viral (2012) (3)
A Theory of Procyclical Bank Herding 1 (2003) (3)
A Crisis of Banks as Liquidity Providers Journal of Finance forthcoming VIRAL (2013) (3)
The Value of a Cure: An Asset Pricing Perspective (2020) (3)
Measuring Systemic Risk (2010) (3)
Appendix to Limits to Arbitrage and Hedging : Evidence from Commodity Markets Viral (2013) (3)
Bankruptcy Codes and Innovation : A Model 1 Viral (2009) (3)
Monetary Easing, Investment and Financial Instability (2018) (3)
The Power of Central Banks and the Future of the Federal Reserve System (2011) (3)
Understanding and managing interest rate risk at banks (2018) (3)
Optimal Financial Integration and Security Design (2000) (3)
The Efficiency of Capital Allocation: Do Bank Regulations Matter? (2011) (3)
Are Banks Passive Liquidity Backstops (2011) (3)
Bankruptcy Codes and Innovation 1 Viral (2007) (3)
Cash Holdings and Credit Risk ∗ Viral (2007) (3)
Anatomy of Trading and Liquidity in the Credit Default Swaps Market (2009) (3)
A New Perspective on Bank-Dependency: The Liquidity Insurance Channel (2016) (3)
Introduction: New perspectives on corporate capital structures. (2015) (3)
A Theory of Income Smoothing When Insiders Know More than Outsiders (2011) (2)
How to Calculate Systemic Risk Surcharges (2012) (2)
Pricing Credit Derivatives with Rating Transitions (2002) (2)
Money Market Funds: How to Avoid Breaking the Buck (2011) (2)
The Government‐Sponsored Enterprises (2011) (2)
Economics with Market Liquidity Risk (2019) (2)
The Consequences of the Single Supervisory Mechanism for Europe's Macro-Prudential Policy Framework (2013) (2)
Liquidity Risk of Corporate Bond Returns Viral (2009) (2)
Zombie Lending and Policy Traps (2021) (2)
The Internal Governance of Firms 1 Viral (2008) (2)
Information Contagion and Bank Herding 1 Viral (2006) (2)
Same story, different place?: Post-crisis recapitalization of banks in Japan and Europe (2018) (2)
Crisis Resolution and Bank Liquidity (2007) (2)
Managerial Hedging, Equity Ownership and Firm Value (2008) (2)
Risk-Sharing and the Creation of Systemic Risk (2020) (2)
Unintended Consequences of LOLR Facilities: The Case of Illiquid Leverage (2013) (2)
Financial Vulnerability and Risks to Growth in Emerging Markets (2020) (2)
Advancing economics in business Capital budgeting at banks : the role of government guarantees (2009) (2)
Bankruptcy Codes and Innovation1 (2008) (2)
Entrepreneurial Incentives in Stock Market Economies (2002) (2)
Is State Ownership in the Indian Banking Sector Desirable (2012) (2)
Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent (2016) (2)
COVID-19 Containment Measures and Expected Stock Volatility: High-Frequency Evidence from Selected Advanced Economies (2021) (1)
When is Debt Odious? A Theory of Repression and Growth Traps (2020) (1)
Liquidity, Liquidity Everywhere, Not a Drop to Use - Why Flooding Banks with Central Bank Reserves May Not Expand Liquidity (2022) (1)
Financial Sector Health Since 2007: A Comparative Analysis of the United States, Europe, and Asia (2017) (1)
Consumer Finance Protection (2011) (1)
Zombie Credit and (Dis-)Inflation: Evidence from Europe (2020) (1)
The Risk of Being a Fallen Angel and the Corporate Dash for Cash in the Midst of COVID (2020) (1)
FOUR. Too Big to Fail (2011) (1)
Handbook on Systemic Risk: MEASURING AND REGULATING SYSTEMIC RISK (2013) (1)
Does the Lack of Financial Stability Impair the Transmission of Monetary Policy? (2020) (1)
Financial Vulnerability and Risks to Growth in Emerging Markets (2020) (1)
Foreign Fund Flows and Asset Prices : Evidence from the Indian Stock Market * Viral (2015) (1)
Eﬃciency or Resiliency? Corporate Choice between FInancial and Operational Hedging (2021) (1)
Online Appendix for: 'On Reaching for Yield and the Coexistence of Bubbles and Negative Bubbles' (2016) (1)
Special Issue: Research on the Financial Crisis (2013) (1)
When is Debt Odious? A Theory of Repression and Growth Traps (2020) (1)
When is Debt Odious? A Theory of Repression and Growth Traps (2020) (1)
The Risk of Being a Fallen Angel and the Corporate Dash for Cash in the Midst of COVID (2020) (1)
Development of Viable Capital Markets: The Indian Experience (2020) (1)
Endogenous Information Flows and the Clustering of Announcements (2008) (1)
Monetary Easing, Leveraged Payouts and Lack of Investment (2019) (1)
Cash-inthe-Market Pricing and Optimal Bank Bailout Policy 1 Viral (2005) (1)
Kicking the Can Down the Road: Government Interventions in the European Banking Sector (2021) (1)
Risk-Sharing and the Creation of Systemic Risk (2020) (1)
Divided We Fall: International Health and Trade Coordination During a Pandemic (2020) (1)
Comment on "The Macroeconomics of Money Market Freezes" by Max Bruche and Javier Suarez (2010) (1)
A Crisis of Banks as Liquidity Providers VIRAL (2013) (1)
Chapter 7: Executive Summary (2009) (1)
ONE. Feeding the Beast (2011) (1)
Finance and Eciency: Do Bank Branching Regulations Matter?* Companion Paper (2010) (1)
More Insiders, More Insider Trading: Evidence from Private Equity Buyouts (2009) (1)
Whatever it takes : The Real E ↵ ects of Unconventional Monetary Policy Viral (2016) (1)
A Theory of Income Smoothing When Insiders Know More than Outsiders (2012) (0)
Price Impact of Unexpected Foreign Fund Flows: Information and Price Pressure Effects (2019) (0)
Risk and Correlation Risk : A Clinical Study of the General Motors and Ford Downgrade of May 20051 by Viral (2014) (0)
New York University Stern School of Business, CEPR and NBER (2012) (0)
Exorbitant Privilege? Quantitative Easing and the Bond Market Subsidy of Prospective Fallen Angels (2022) (0)
Liquidity, Liquidity Everywhere, Not a Drop to Use - Why Flooding Banks with Central Bank Reserves May Not Expand Liquidity (2021) (0)
SEVEN. How Others Do It (2011) (0)
Labor Laws and Innovation Viral (2013) (0)
Rollover Risk and Market Freezes 1 First draft : 01 October 2008 This draft : 15 October 2010 VIRAL (2010) (0)
Banks’ Financial Reporting and Financial System Stability (2016) (0)
India’s International Integration and Challenges to Sustaining Growth (2017) (0)
Covid-19 Containment Measures and Expected Stock Volatility: High-Frequency Evidence from Selected Advanced Economies (2021) (0)
Economics with Market Liquidity Risk (2019) (0)
Feeding the Beast (2011) (0)
Does the Lack of Financial Stability Impair the Transmission of Monetary Policy? (2019) (0)
When is Debt Odious? A Theory of Repression and Growth Traps (2020) (0)
A Bank Should be Something One can ‘Bank’ Upon (2020) (0)
Zombie Lending and Policy Traps (2021) (0)
Viral V Acharya: Some reflections on micro credit and how a public credit registry can strengthen (2019) (0)
When Does Strategic Debt Service Matter ? 1 Viral (2002) (0)
Pricing Credit Derivatives with Rating Transitions Viral (2001) (0)
Liquidity, Liquidity Everywhere, Not a Drop to Use: Why Flooding Banks with Central Bank Reserves May Not Expand Liquidity (2022) (0)
The Internal Governance of Firms (2009) (0)
FII Flows in Indian Equity Markets: Boon or Curse? (2015) (0)
Moral Hazard , Collateral and Liquidity 1 Viral V (2007) (0)
Bank Use of Sovereign CDS in the Eurozone Crisis: Hedging and Risk Incentives (2018) (0)
COVID-19 Containment Measures and Expected Stock Volatility: High-Frequency Evidence from Selected Advanced Economies (2021) (0)
Labor Laws and Innovation : Theoretical Appendix 1 Viral (2010) (0)
Zombie Lending: Theoretical, International, and Historical Perspectives (2021) (0)
of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans I (2014) (0)
Zombie Credit and (Dis-)Inflation: Evidence from Europe (2020) (0)
Liquidity, Liquidity Everywhere, Not a Drop to Use - Why Flooding Banks with Central Bank Reserves May Not Expand Liquidity (2022) (0)
Liquidity Risk and Correlation Risk : A Clinical Study of the General Motors and Ford Downgrade of May 2005 1 by Viral (2007) (0)
Labor Laws and Innovation : Online Appendix (2013) (0)
Information and Price Pressure Effects of Unexpected Foreign Fund Flows (2019) (0)
Systemic Risk and Deposit Insurance Premiums 1 Viral (2009) (0)
18. Regulating OTC Derivatives (2013) (0)
Competition for Managers and Corporate Governance (2021) (0)
Viral V Acharya: Public Credit Registry (PCR) and Goods and Services Tax Network (GSTN) - giant strides to democratise and formalise credit in India (2018) (0)
A Model of Infrastructure Financing (2020) (0)
THREE. Race to the Bottom (2011) (0)
Credit Lines and the Liquidity Insurance Channel (2021) (0)
Viral V Acharya: The unfinished ageda - restoring public sector bank health in India (2017) (0)
Review of Financial 3457 A Flow-Based Explanation for Return Predictability (2012) (0)
TWO. Ticking Time Bomb (2011) (0)
SIX. In Bed with the Fed (2011) (0)
Fire Sales, Foreign Entry and Bank Liquidity1 (2007) (0)
Corporate Governance Externalities (2008) (0)
EIGHT. How to Reform a Broken System (2011) (0)
Dark Markets, by Darrell Duffie (2013) (0)
Comments and Discussion (2021) (0)
Crisis Banking 101 (2009) (0)
Prosperity through lift irrigation (1991) (0)
Is Cash Negative Debt ? * Viral (2004) (0)
Bank Liquidity and Bubbles (2012) (0)
Which Dealers Borrowed from the Fed’s Lender-of-Last-Resort Facilities? (2017) (0)
The Sensitivity of Cash Savings to the Cost of Capital (2020) (0)
Understanding the Recovery Rates on Defaulted Securities 1 Viral (2003) (0)
Zombie Lending and Policy Traps (2021) (0)
The Anatomy of the Transmission of Macroprudential Policies (2020) (0)
Appendix: Timeline of U.S. Housing Finance Milestones (2011) (0)
A Theory of Arbitrage Capital 1 Viral (2010) (0)
Callable Defaultable Bonds: Valuation, Hedging, and Optimal Exercise Boundaries (1999) (0)
A Case for Public Credit Registry in India (2020) (0)
Lender of last resort, buyer of last resort, and a fear of fire sales in the sovereign bond market* (2021) (0)
Insider Trading in Credit Derivatives Viral (2005) (0)
Standard for Derivatives-Viral (2011) (0)
The Anatomy of the Transmission of Macroprudential Policies (2020) (0)
Some Reflections on Microcredit and How a Public Credit Registry Can Strengthen It (2020) (0)
Author ' s personal copy Cross-country variations in capital structures : The role of bankruptcy codes q Viral (2010) (0)
Quest for Restoring Financial Stability in India (2020) (0)
Financial Vulnerability and Risks to Growth in Emerging Markets (2020) (0)
Credit Lines as Monitored Liquidity Insurance: Theory and Evidence (2013) (0)
The Sensitivity of Cash Savings to the Cost of Capital (2020) (0)
How to Calculate Systemic Risk Surcharges Viral (2011) (0)
Credit Lines as Monitored Liquidity Insurance: Theory and Evidence (2012) (0)
Foreign Currency Borrowing of Corporations as Carry Trades: Evidence from India (2020) (0)
Investment and Contagion Tradeoffs Between Fair Value and Historical Cost Accounting (2021) (0)
New Perspectives on Corporate Capital Structure (2015) (0)
8. Resolution Authority (2011) (0)
Evidence from India (2016) (0)
Does the Lack of Financial Stability Impair the Transmission of Monetary Policy? (2019) (0)
Corporate Governance Externalities (2008) (0)
Corporate Bond Valuation and Hedging with Stochastic Interest Rates and Endogenous Bankruptcy (2001) (0)
Exorbitant Privilege? Quantitative Easing and the Bond Market Subsidy of Prospective Fallen Angels (2022) (0)
Improving Monetary Transmission Through the Banking Channel: The Case for External Benchmarks in Bank Loans (2020) (0)
Summary of Papers in the Inaugural NSE – NYU Stern Working Paper Series The two invited papers “ Foreign Fund Flows and Stock Returns : Evidence from India ” ( by Viral (2015) (0)
14TH JACQUES POLAK ANNUAL RESEARCH CONFERENCE; NOVEMBER 7–8, 2013 (2013) (0)
Kicking the Can Down the Road: Government Interventions in the European Banking Sector (2020) (0)
Government Guarantees and Bank Vulnerability During a Crisis: Evidence from an Emerging Market (2019) (0)
Costly Financing, Optimal Payout Policies and the Valuation of Corporate Debt (2019) (0)
FIVE. End of Days (2011) (0)
Setting the New Paradigms for the Financial Industry and Regulation (2010) (0)
Does Hedging A ¤ ect Commodity Prices ? The Role of Producer Default Risk Viral (2008) (0)
A Theory of Procyclical Bank Herding 1 Viral (2003) (0)
Creditor Rights and Corporate Risk-Taking (2008) (0)
NBER WORKING PAPER SERIES WHY DID BANK STOCKS CRASH DURING COVID-19? (2021) (0)
NINE. Chasing the Dragon (2011) (0)
Exorbitant Privilege? The Bond Market Subsidy of Prospective Fallen Angels∗ (2021) (0)

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