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The dark side of liquidity creation : leverage and systemic risk

Acharya, Viral V.; Thakor, Anjan V. - In: Journal of financial intermediation 28 (2016), pp. 4-21

Persistent link: https://www.econbiz.de/10011715175

The growth of a shadow banking system in emerging markets : evidence from India

Acharya, Viral V.; Khandwala, Hemal; Öncü, T. Sabri - In: Journal of international money and finance 39 (2013), pp. 207-230

Persistent link: https://www.econbiz.de/10010228918

Market failures and regulatory failures : lessons from past and present financial crises

Acharya, Viral V.; Cooley, Thomas F.; Richardson, Matthew; … - In: Financial market regulation and reforms in emerging markets, (pp. 27-74). 2011

Persistent link: https://www.econbiz.de/10009130268

The end of market discipline? : investor expectations of implicit government guarantees

Acharya, Viral V.; Anginer, Deniz; Warburton, A. Joseph - 2022

Persistent link: https://www.econbiz.de/10013270365

Lender of last resort versus buyer of last resort : evidence from the European sovereign debt crisis

Acharya, Viral V.; Pierret, Diane; Steffen, Sascha - 2018

We document the mechanism through which the risk of fire sales in the sovereign bond market contributed to the effectiveness of two major central bank interventions designed to restore financial stability during the European sovereign debt crisis. As a lender of last resort via the long-term...

Persistent link: https://www.econbiz.de/10011899821

Does the lack of financial stability impair the transmission of monetary policy?

Acharya, Viral V.; Imbierowicz, Björn; Steffen, Sascha; … - 2019

We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the period from January 2006 to June 2010. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan...