NBER Publications by Viral V. Acharya

Contact and additional information for this authorAll papers and publicationsWorking Papers onlyWorking Papers with publication info


Understanding the Capital Structures of Non-Financial and Financial Corporations
with Heitor Almeida, Malcolm Baker
Conference held April 5-6, 2013
Forthcoming from Elsevier, Journal of Financial Economics

Working Papers and Chapters

December 2013Unintended Consequences of LOLR Facilities: The Case of Illiquid Leverage
with Bruce Tuckman: w19773
Bank Capital and Dividend Externalities
with Hanh Le, Hyun Song Shin: w19707
Financial Dependence and Innovation: The Case of Public versus Private Firms
with Zhaoxia Xu: w19708
May 2013The “Greatest” Carry Trade Ever? Understanding Eurozone Bank Risks
with Sascha Steffen: w19039
April 2013Testing Macroprudential Stress Tests: The Risk of Regulatory Risk Weights
with Robert Engle, Diane Pierret: w18968
March 2013Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent
with Marco Pagano, Paolo Volpin: w18891
Credit Lines as Monitored Liquidity Insurance: Theory and Evidence
with Heitor Almeida, Filippo Ippolito, Ander Perez: w18892
November 2012Wrongful Discharge Laws and Innovation
with Ramin P. Baghai, Krishnamurthy V. Subramanian: w18516
February 2012Are Banks Passive Liquidity Backstops? Deposit Rates and Flows during the 2007-2009 Crisis
with Nada Mora: w17838
How to Calculate Systemic Risk Surcharges
with Lasse H. Pedersen, Thomas Philippon, Matthew Richardson
in Quantifying Systemic Risk, Joseph G. Haubrich and Andrew W. Lo, editors
A Transparency Standard for Derivatives
in Risk Topography: Systemic Risk and Macro Modeling, Markus K. Brunnermeier and Arvind Krishnamurthy, editors
December 2011A Theory of Income Smoothing When Insiders Know More Than Outsiders
with Bart M. Lambrecht: w17696
November 2011A Transparency Standard for Derivatives
October 2011Sovereign Debt, Government Myopia, and the Financial Sector
with Raghuram G. Rajan: w17542
June 2011A Pyrrhic Victory? - Bank Bailouts and Sovereign Credit Risk
with Itamar Drechsler, Philipp Schnabl: w17136
April 2011Cash Holdings and Credit Risk
with Sergei A. Davydenko, Ilya A. Strebulaev: w16995
Counterparty Risk Externality: Centralized Versus Over-the-counter Markets
with Alberto Bisin: w17000
March 2011Dividends and Bank Capital in the Financial Crisis of 2007-2009
with Irvind Gujral, Nirupama Kulkarni, Hyun Song Shin: w16896
Limits to Arbitrage and Hedging: Evidence from Commodity Markets
with Lars A. Lochstoer, Tarun Ramadorai: w16875
October 2010Labor Laws and Innovation
with Ramin P. Baghai, Krishnamurthy V. Subramanian: w16484
Endogenous Information Flows and the Clustering of Announcements
with Peter M. DeMarzo, Ilan Kremer: w16485
September 2010Liquidity Risk of Corporate Bond Returns: A Conditional Approach
with Yakov Amihud, Sreedhar T. Bharath: w16394
Precautionary Hoarding of Liquidity and Inter-Bank Markets: Evidence from the Sub-prime Crisis
with Ouarda Merrouche: w16395
June 2010Aggregate Risk and the Choice between Cash and Lines of Credit
with Heitor Almeida, Murillo Campello: w16122
Do Global Banks Spread Global Imbalances? The Case of Asset-Backed Commercial Paper During the Financial Crisis of 2007-09
with Philipp Schnabl: w16079
March 2010Leverage, Moral Hazard and Liquidity
with S. Viswanathan: w15837
February 2010Securitization without risk transfer
with Philipp Schnabl, Gustavo Suarez: w15730
January 2010Rollover Risk and Market Freezes
with Douglas Gale, Tanju Yorulmazer: w15674
December 2009Crisis Resolution and Bank Liquidity
with Hyun Song Shin, Tanju Yorulmazer: w15567
The Internal Governance of Firms
with Stewart C. Myers, Raghuram Rajan: w15568
Creditor rights and corporate risk-taking
with Yakov Amihud, Lubomir Litov: w15569
June 2005Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies
with Heitor Almeida, Murillo Campello: w11391
October 2004Asset Pricing with Liquidity Risk
with Lasse Heje Pedersen: w10814

Contact and additional information for this authorAll papers and publicationsWorking Papers onlyWorking Papers with publication info


National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email:

Contact Us