Viral Acharya, a 42 year-old professor at the Stern Business School of the New York University. Acharya, who is a C.V. Starr Professor of Economics at Stern has been with the university since 2009, prior to which, he was teaching at the London Business School (LBS).

A 1995 graduate from the Indian Institute of Technology (IIT) in Mumbai, Acharya also earned a Ph.D in finance from NYU-Stern in 2001. He was 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), according to a bio available on the NYU-Stern website.

This is not Acharya’s first appointment with a financial sector regulator. He has been a member of advisory scientific committee of European Systemic Risk Board (ESRB), economic advisory committee of the Financial Industry Regulation Authority (FINRA), advisory committee of Financial Sector Legislative Reforms Commission (FSLRC) of India, International Advisory Board of the Securities and Exchange Board of India, or Sebi.

He has also been on the advisory council of the Bombay Stock Exchange (BSE) Training Institute, and Academic Research Council Member of the Center for Advanced Financial Research And Learning (CAFRAL, India); and has been an academic advisor to the Federal Reserve Banks of Chicago, Cleveland, New York and Philadelphia, the Board of Governors and the Bank of Canada.

In addition, he is a research associate of the National Bureau of Economic Research (NBER) in corporate finance and research associate of the European Corporate Governance Institute (ECGI)

Acharya is a firm supporter of the idea of a bad bank to clean up the toxic loans on the books of Indian banks. In an interview with Bloomberg Quint earlier this month, Acharya had discussed the idea of separating bad loans from the books of banks.

He has published articles in multiple international journals on economics in finance, including the American Economic Review, Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Review of Finance, Journal of Business, Journal of Financial Intermediation, Rand Journal of Economics, among others. He is currently associate editor of the Journal of Finance, Review of Corporate Finance Studies and Review of Finance, and was an editor of the Journal of Financial Intermediation (2009-12), according to his bio.


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.

    (Source:livemint)

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