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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 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.

  2. 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.

  3. 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. op_nagymohacsi2_Namthip MuanthongthaeGetty Images_CBDC Namthip Muanthongthae/Getty Images

    The Digital Economy’s New Monetary Imperative

    Piroska Nagy Mohácsi

    In a rapidly digitalizing world, central banks are staring down a future in which they may lack the tools necessary to manage crises, and in which they may no longer be able to protect their monetary sovereignty. They should recognize that digital currency is a source of institutional salvation.

    thinks governments must embrace central bank digital currencies or risk a fundamental loss of control.
  2. pisaniferry145_ Thierry MonasseGetty Images_eu green deal Thierry Monasse/Getty Images

    Europe’s Climate Quandary

    Jean Pisani-Ferry assesses the inevitable trade-offs the European Union must confront in achieving its clean-energy targets.
  3. basu92_Win McNameeGetty Images_samaltmanopenaisenate Win McNamee/Getty Images

    Governing the Unknown

    Kaushik Basu suggests a few principles to guide policymakers as they try to keep up with rapidly advancing technologies.
  4. oyebanji2_ PIUS UTOMI EKPEIAFP via Getty Images_lassa fever PIUS UTOMI EKPEI/AFP via Getty Images

    Fast-Tracking a Lassa Fever Vaccine

    Oyeronke Oyebanji outlines what West African governments can learn from the development and distribution of the COVID-19 jab.
  5. schleussner1_David McNewGetty Images_heatwave David McNew/Getty Images

    Climate Science Beats Climate Fatalism

    Carl-Friedrich Schleussner, et al. show that the more ambitious 1.5º target for global warming is still feasible – and more necessary than ever.
  6. benami202_Burak KaraGetty Images_erdogan Burak Kara/Getty Images

    Turkey’s Pragmatic Islamist

    Shlomo Ben-Ami expects Recep Tayyip Erdoğan’s latest electoral victory to have little impact on Turkish foreign policy.
  7. sierakowski98_Jaap ArriensNurPhoto via Getty Images_donaldtusk Jaap Arriens/NurPhoto via Getty Images

    Poland's Electoral Inquisition

    Sławomir Sierakowski decries a new law designed to disqualify opposition candidates from running in this year's general election.
  8. stiglitz318_Drew AngererGetty Images_ira Drew Angerer/Getty Images

    Western Industrial Policy and International Law

    Joseph E. Stiglitz

    With recent landmark legislation to support decarbonization and innovation, the United States is making up for lost time after its failed 40-year experiment with neoliberalism. But if it is serious about embracing a new paradigm, it will need to do more to help bring the rest of the world along.

    explains how to minimize the political risks of new spending packages in the US and Europe.
  9. mohan4_STEFANI REYNOLDSAFP via Getty Images_imf STEFANI REYNOLDS/AFP via Getty Images

    The IMF’s Turn to Lead on Climate

    Rakesh Mohan, et al. explain how the International Monetary Fund can best support green investment where it is needed the most.

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