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Manufacturing Tail Risk: A Perspective on the Financial Crisis of 2007–2009

Acharya, Viral V.; Cooley, Thomas; Richardson, Matthew; … - In: Foundations and Trends(R) in Finance 4 (2010) 4, pp. 247-325

new banking model during 2003–2Q 2007, relative to earlier models. We compare the crisis with other episodes in the United … banking, excess liquidity due to global imbalances and mispricing of risk due to behavioral biases have some merit as …

Persistent link: https://www.econbiz.de/10010693715

How do global banks scramble for liquidity? : evidence from the asset-backed commercial paper freeze of 2007

Acharya, Viral V.; Afonso, Gara; Kovner, Anna - In: Journal of financial intermediation 30 (2017), pp. 1-34

Persistent link: https://www.econbiz.de/10011822415

Risk-sharing and the creation of systemic risk

Acharya, Viral V.; Iyer, Aaditya M.; Sundaram, Rangarajan K. - In: Journal of Risk and Financial Management 13 (2020) 8, pp. 1-18

We address the paradox that financial innovations aimed at risk-sharing appear to have made the world riskier. Financial innovations facilitate hedging idiosyncratic risks among agents; however, aggregate risks can be hedged only with liquid assets. When risk-sharing is primitive, agents...

Persistent link: https://www.econbiz.de/10012611389

Banks' financial reporting and financial system stability

Acharya, Viral V.; Ryan, Stephen G. - In: Journal of accounting research 54 (2016) 2, pp. 277-340

Persistent link: https://www.econbiz.de/10011499999

State intervention in banking : the relative health of Indian public sector and private sector banks

Acharya, Viral V.; Subramanian, Krishnamurthy V. - In: Monetary policy in India : a modern macroeconomic …, (pp. 195-230). 2016

Persistent link: https://www.econbiz.de/10011584274

Bank capital and dividend externalities

Acharya, Viral V.; Le, Hanh; Shin, Hyun Song - 2016

, as in the banking sector, dividend payouts can shift the relative value of stakeholders' claims across firms. Through … dividends and inefficient recapitalization relative to the efficient policy that maximizes banking sector equity. We compare the …

Persistent link: https://www.econbiz.de/10011535710