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 was a Deputy Governor at the Reserve Bank of India during January 23, 2017 to July 23, 2019 in charge of Monetary Policy, Financial Markets, Financial Stability, and Research.
Viral has been the Director of the National Stock Exchange (NSE) of India and the NYU-Stern Initiative on the Study of Indian Capital Markets, and a member of the Economic Advisory Committee of the Financial Industry Regulation Authority (FINRA), International Advisory Board of the Securities and Exchange Board of India (SEBI), Advisory Council of the Bombay (Mumbai) Stock Exchange (BSE) Training Institute, and Academic Research Council Member of the Center for Advanced Financial Research And Learning (CAFRAL, India). In addition, he has served as an Academic Advisor to the Federal Reserve Banks of Chicago, Cleveland, New York and Philadelphia, the Federal Reserve Board of Governors, and the Advisory Scientific Council of the European Systemic Risk Board.
Viralâ€™s primary research interest is in theoretical and empirical analysis of systemic risk of the financial sector â€” its regulation and its genesis in government-induced distortions. He is a Research Associate of the National Bureau of Economic Research (NBER) in Corporate Finance, a Research Affiliate at the Center for Economic Policy Research (CEPR), and Research Associate of the European Corporate Governance Institute (ECGI).
Viral is the recipient of several awards, including the inaugural Banque de France â€“ Toulouse School of Economics Junior Prize in Monetary Economics and Finance, 2011, and 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 NYU 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).
At NYU Stern, he co-edited the books Restoring Financial Stability: How to Repair a Failed System, John Wiley & Sons, March 2009, Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance, John Wiley & Sons, November 2010, and Dodd-Frank: One Year On, NYU-Stern and CEPR (released on voxeu.org), July 2011. He is also the co-author of the book Guaranteed to Fail: Fannie Mae, Freddie Mac and the Debacle of Mortgage Finance, Princeton University Press, March 2011 and Harper Collins (India), June 2011.
11th August, 2019 11:30 AM