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Viral V. Acharya

Viral V. Acharya

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Viral V. Acharya, a former deputy governor of the Reserve Bank of India, is Professor of Economics at New York University’s Stern School of Business.

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  1. The Danger of Forgetting the 2023 Banking Crisis
    rajan89_Justin SullivanGetty Images_svb Justin Sullivan/Getty Images

    The Danger of Forgetting the 2023 Banking Crisis

    Feb 8, 2024 Raghuram G. Rajan & Viral V. Acharya worry that smaller banks’ troubles remain unresolved, and that the episode perpetuated moral hazard.

  2. The Fed’s Role in the Bank Failures
    rajan82_BRENDAN SMIALOWSKIPOOLAFP via Getty Images_jeromepowell Brendan Smialowski/Pool/AFP via Getty Images

    The Fed’s Role in the Bank Failures

    Mar 28, 2023 Raghuram G. Rajan & Viral V. Acharya show how the US central bank's liquidity policies created the conditions for runs on uninsured deposits.

  3. Where Has All the Liquidity Gone?
    rajan79_Karol SerewisSOPA ImagesLightRocket via Getty Images_poundsterling Karol Serewis/SOPA Images/LightRocket via Getty Images

    Where Has All the Liquidity Gone?

    Oct 7, 2022 Raghuram G. Rajan & Viral V. Acharya show that years of quantitative easing have left financial markets deeply dependent on easy money.

  4. Turning Off the Dividend Spigot
    acharya1_Drew Angerer_Getty Images_stock market Drew Angerer/Getty Images

    Turning Off the Dividend Spigot

    Sep 22, 2016 Viral V. Acharya, et al. say stronger revenue-distribution regulations for European banks would prevent capital erosion.

  1. spence173_ Joe RaedleGetty Images_power Joe Raedle/Getty Images

    Crunch Time for the Power Sector

    Michael Spence

    Making the power sector fit for the twenty-first century requires a “banker” that finances and coordinates relevant long-term investments, and an “architect” that guides the development of a complex, interconnected smart-grid system. National governments need to fill both roles.

    argues that developing flexible, stable, and resilient smart grids requires an expanded industrial policy.
  2. op_janeway16_SAUL LOEBAFP via Getty Images_bidenchips Saul Loeb/AFP via Getty Images

    The Rise of Mesoeconomics

    William H. Janeway

    A growing body of literature focusing on the domain between the microeconomic and the macroeconomic has become increasingly relevant in a world beset by supply shocks. Armed with such insights, those designing industrial policies will have a better chance of achieving their overlapping economic- and national-security goals.

    details how a long-neglected field of economic study can be applied to today's most pressing policy challenges.
  3. strain27_Philipp von Ditfurthpicture alliance via Getty Images_AIeducation Philipp von Ditfurth/picture alliance via Getty Images

    What the AI Pessimists Are Missing

    Michael R. Strain points out that the technology will help to address many of the risks it creates.
  4. ito37_Spencer PlattGetty Images_columbiaprotests Spencer Platt/Getty Images

    The Innocent Bystanders of College Protests

    Takatoshi Ito laments that a radical minority can disrupt the lives of so many in the broader university community.
  5. lacamera1_Wang DongzhenXinhua via Getty Images_COP28 Wang Dongzhen/Xinhua via Getty Images

    Only Public-Private Cooperation Can Accelerate Decarbonization

    Francesco La Camera & Bruce Douglas explain how to translate political commitments into actual wind turbines and solar panels.
  6. haass167_ANATOLII STEPANOVAFP via Getty Images_ukrainesoldiers Anatolii Stepanov/AFP via Getty Images

    Defining Success in Ukraine

    Richard Haass calls for a shift to a defensive posture and efforts to bring about a long-term ceasefire.
  7. aslund75_Pierre CromGetty Images_ukraineconflict Pierre Crom/Getty Images

    A Unified Western Strategy for Ukraine

    Anders Åslund proposes a maximalist approach to military aid to replace the current piecemeal injections of old weapons.
  8. khrushcheva180_ContributorGetty Images_shoiguputin Contributor/Getty Images

    Russia’s Battle of the Ministries

    Nina L. Khrushcheva sees a high-ranking official's recent arrest as a sign of declining confidence in Vladimir Putin's leadership.
  9. ghosh77_MANDEL NGANAFP via Getty Images_ajaybanga Mandel Ngan/AFP via Getty Images

    The “Billions to Trillions” Charade

    Jayati Ghosh explains why using development banks' resources to incentivize private-sector finance is unlikely to succeed.

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