Viral V Acharya | Bank for International Settlements

All BIS publications (4)

BIS Working Paper No 1307 21 Nov 2025

When is less more? Bank arrangements for liquidity vs central bank support

Focus Banking crises stem from liquidity transformation, where banks borrow short-term to invest in long-term, illiquid…

Viral V Acharya

,

and

Zhi Quan (Bill) Shu

BIS Working Paper No 1002 16 Feb 2022

Exorbitant privilege? Quantitative easing and the bond market subsidy of prospective fallen angels

We document capital misallocation in the U.S. investment-grade (IG) corporate bond market, driven by quantitative easing (QE)

Viral V Acharya

,

Ryan Niladri Banerjee

,

Matteo Crosignani

,

and

BIS Working Paper No 580 13 Sep 2016

Bank capital and dividend externalities

Dividend payouts affect the relative value of claims within a firm. When firms have contingent claims on each other, as in the…

Viral V Acharya

,

and

BIS Working Paper No 118 3 Sep 2002

Should banks be diversified? Evidence from individual bank loan portfolios

Abstract of BIS Working Papers No. 118

,

Anthony Saunders

and

Viral V Acharya

All external publications (5)

External publication 1 Jan 2022

Dividends and bank capital in the global financial crisis of 2007-2009

Viral V Acharya

,

,

and

Nirupama Kulkarni

External publication 1 Mar 2017

Bank capital and dividend externalities

Viral V Acharya

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and

External publication 1 Mar 2013

A theory of arbitrage capital

Viral V Acharya

,

and

Tanju Yorulmazer

External publication 1 Jan 2011

Fire sale FDI

Viral V Acharya

,

and

Tanju Yorulmazer

External publication 15 Sep 2010

Crisis resolution and bank liquidity

Viral V Acharya

,

and

Tanju Yorulmazer

All speeches (11)

Speech 15 Jul 2019

Development of viable capital markets - the Indian experience

Remarks by Dr Viral V Acharya, Deputy Governor of the Reserve Bank of India, at the Indian School of Business, Hyderabad, 29…

Viral V Acharya

Speech 24 Jan 2019

Some reflections on micro credit and how a public credit registry can strengthen

Remarks by Dr Viral V Acharya, Deputy Governor of the Reserve Bank of India, at Indian Institute of Technology Bombay (IIT…

Viral V Acharya

Speech 30 Oct 2018

On the importance of independent regulatory institutions - the case of the central bank

Text of the A. D. Shroff Memorial Lecture by Dr Viral V Acharya, Deputy Governor of the Reserve Bank of India, Mumbai, 26…

Viral V Acharya

Speech 12 Oct 2018

Prompt Corrective Action - an essential element of Financial Stability Framework

Remarks by Dr Viral V Acharya, Deputy Governor of the Reserve Bank of India, at the Indian Institute of Technology, Mumbai, 12…

Viral V Acharya

Speech 21 Aug 2018

Public Credit Registry (PCR) and Goods and Services Tax Network (GSTN) - giant strides to democratise and formalise credit in India

Speech by Dr Viral V Acharya, Deputy Governor of the Reserve Bank of India, at the Annual Global Banking Conference - FIBAC…

Viral V Acharya

Speech 18 Jan 2018

Understanding and managing interest rate risk at banks

Speech by Dr Viral V Acharya, Deputy Governor of the Reserve Bank of India, at the Fixed Income Money Markets and Derivatives…

Viral V Acharya

Speech 23 Nov 2017

Monetary transmission in India - why is it important and why hasn't it worked well?

Text of the Inaugural Aveek Guha Memorial Lecture by Dr Viral V Acharya, Deputy Governor of the Reserve Bank of India, at the…

Viral V Acharya

Speech 21 Sep 2017

The unfinished ageda - restoring public sector bank health in India

Speech by Dr Viral V Acharya, Deputy Governor of the Reserve Bank of India, at the 8th R K Talwar Memorial Lecture, organised…

Viral V Acharya

Speech 26 Jul 2017

A case for public credit registry in India

Theme talk by Dr Viral V Acharya, Deputy Governor of the Reserve Bank of India, at the 11th Statistics Day Conference, Reserve…

Viral V Acharya

All videos (1)

01:21:47

Lessons for the Future

Video 1 Oct 2021

Lessons for the Future

Implications of Federal Reserve Actions in Response to the COVID-19 Pandemic, Federal Reserve Bank of New York.

By

Viral V Acharya

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,

Thomas Philippon

and

Isabel Schnabel

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