Viral V. Acharya

Research interests

Publications

• The Risk of Being a Fallen Angel and the Corporate Dash for Cash in the Midst of COVID

  The Review of Corporate Finance Studies · 2020 · 10.1093/rcfs/cfaa013

• Whatever It Takes: The Real Effects of Unconventional Monetary Policy

  Review of Financial Studies · 2017 · 10.1093/rfs/hhz005

• Financial dependence and innovation: The case of public versus private firms

  Journal of Financial Economics · 2016 · 10.1016/j.jfineco.2016.02.010

• Measuring Systemic Risk

  Review of Financial Studies · 2016 · https://doi.org/10.1093/rfs/hhw088

• A Crisis of Banks as Liquidity Providers

  The Journal of Finance · 2014 · 10.1111/jofi.12182

• The “greatest” carry trade ever? Understanding eurozone bank risks

  Journal of Financial Economics · 2014 · 10.1016/j.jfineco.2014.11.004

• A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk

  The Journal of Finance · 2014 · 10.1111/jofi.12206

• Wrongful Discharge Laws and Innovation

  Review of Financial Studies · 2013 · 10.1093/rfs/hht009

• Limits to arbitrage and hedging: Evidence from commodity markets

  Journal of Financial Economics · 2013 · 10.1016/j.jfineco.2013.03.003

• Securitization without risk transfer

  Journal of Financial Economics · 2012 · https://doi.org/10.1016/j.jfineco.2012.09.004

• The seeds of a crisis: A theory of bank liquidity and risk taking over the business cycle

  Journal of Financial Economics · 2012 · 10.1016/j.jfineco.2012.05.014

• Capital Shortfall: A New Approach to Ranking and Regulating Systemic Risks

  American Economic Review · 2012 · https://doi.org/10.1257/aer.102.3.59

• Cash Holdings and Credit Risk

  Review of Financial Studies · 2012 · 10.1093/rfs/hhs106

• Corporate Governance and Value Creation: Evidence from Private Equity

  Review of Financial Studies · 2012 · 10.1093/rfs/hhs117

• Creditor rights and corporate risk-taking

  Journal of Financial Economics · 2011 · 10.1016/j.jfineco.2011.04.001

• A Pyrrhic Victory? - Bank Bailouts and Sovereign Credit Risk

  National Bureau of Economic Research · 2011 · 10.3386/w17136

• Rollover Risk and Market Freezes

  The Journal of Finance · 2011 · 10.1111/j.1540-6261.2011.01669.x

• Restoring Financial Stability

  · 2009 · 10.1002/9781118258163

• Bankruptcy Codes and Innovation

  Review of Financial Studies · 2009 · 10.1093/rfs/hhp019

• CAUSES OF THE FINANCIAL CRISIS

  Critical Review · 2009 · 10.1080/08913810902952903

• A theory of systemic risk and design of prudential bank regulation

  Journal of Financial Stability · 2009 · 10.1016/j.jfs.2009.02.001

• Is cash negative debt? A hedging perspective on corporate financial policies

  Journal of Financial Intermediation · 2007 · https://doi.org/10.1016/j.jfi.2007.04.001

• Insider trading in credit derivatives☆

  Journal of Financial Economics · 2007 · 10.1016/j.jfineco.2006.05.003

• Does industry-wide distress affect defaulted firms? Evidence from creditor recoveries

  Journal of Financial Economics · 2007 · 10.1016/j.jfineco.2006.05.011

• Too many to fail—An analysis of time-inconsistency in bank closure policies

  Journal of Financial Intermediation · 2006 · 10.1016/j.jfi.2006.06.001

• Should Banks Be Diversified? Evidence from Individual Bank Loan Portfolios*

  The Journal of Business · 2006 · 10.1086/500679

• Asset pricing with liquidity risk

  Journal of Financial Economics · 2005 · https://doi.org/10.1016/j.jfineco.2004.06.007

• Asset Pricing with Liquidity Risk

  SSRN Electronic Journal · 2003 · 10.2139/ssrn.366300

Current projects

No projects listed.