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 completed a Bachelor of Technology in Computer Science and Engineering from the Indian Institute of Technology, Mumbai in 1995 and a Ph.D. in Finance from NYU-Stern in 2001. Prior to joining Stern, he was a Professor of Finance at the London Business School (2001-2008).
His primary research interest is the theoretical and empirical analysis of systemic risk of the financial sector, its regulation and its genesis in government-induced distortions, an inquiry that cuts across several other strands of research – credit risk and liquidity risk, their interactions and agency-theoretic foundations, as well as their general equilibrium consequences. He is the recipient of the inaugural Banque de France – Toulouse School of Economics Junior Prize in Monetary Economics and Finance, 2011. He is the current Ph.D. coordinator in the Finance department at Stern.
A right time for inflation-indexed bonds?
07 Jun 2013
While the introduction of inflation-indexed bonds in India has been hailed by many as a step in the right direction, this column argues that their success will depend on how serious the government is about taming inflation. These bonds will help the government reduce its debt only if they are accompanied by anti-inflationary monetary and fiscal policies.
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