C.V. Starr Professor of Economics in the Department of Finance, Stern School of Business, New York University and Senior Fellow, ABFER
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 was a Deputy Governor at the Reserve Bank of India (RBI) during January 2017 to 23rd July 2019 in charge of Monetary Policy, Financial Markets, Financial Stability, and Research. He is a Research Associate of the National Bureau of Economic Research (NBER) in Corporate Finance and International Finance and Macroeconomics, a Research Affiliate at the Center for Economic Policy Research (CEPR), and Research Associate of the European Corporate Governance Institute (ECGI). He is a member of the Bundesbank Research Council since January 2025 and an invited member of the Bellagio Group of academics and policy-makers from central banks and finance ministries since 2021.
He is or has been an Academic Advisor to the Federal Reserve Banks of Chicago, Cleveland, Kansas City, New York and Philadelphia, and the Board of Governors, and has provided Academic Expert service to the Bank for International Settlements, the International Monetary Fund and the World Bank. He was a member of the Climate-related Financial Risk Advisory Committee (CFRAC) of the Financial Stability Oversight Council for 2023-26, a Scientific Advisor to the Sveriges Riksbank (February 2024-January 2026), and also a member of the Financial Advisory Roundtable (FAR) of the Federal Reserve Bank of New York for 2020-25.
His primary research interest is in theoretical and empirical analysis of systemic risk of the financial sector, its regulation and its genesis in government- and policy-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. In recent work, he has also studied inflation uncertainty and the impact of pandemic and climate-change related risks.

