Viral Acharya
Viral V. Acharya | |
|---|---|
| Born | March 1, 1974 India |
| Occupation | Economist |
| Years active | 2001–present |
| Known for | Deputy Governor of the Reserve Bank of India (2017–2019) |
Viral V. Acharya (born 1 March 1974) is an Indian economist who held the position of Deputy Governor at the Reserve Bank of India (RBI) from 23 January 2017 until July 2019. Additionally, he was a member of the RBI Academy's advisory council and has been part of the Academic Council at the National Institute of Securities Markets (NISM), operating under the Securities and Exchange Board of India (SEBI), since 2014. Acharya stepped down from his Deputy Governor role six months prior to completing his designated three-year tenure.
Education
Acharya completed his schooling at Fellowship High School in Mumbai and secured the fifth rank nationally in the 1991 Joint Entrance Examination - Advanced, which granted him entry into the Indian Institutes of Technology. He earned a Bachelor of Technology degree in Computer Science and Engineering from IIT Bombay in 1995, receiving the President of India Gold Medal for achieving the highest GPA in his class. During his final year, he chose an elective course focused on international finance. Initially, he enrolled in a PhD program in computer science at New York University, but after one year transitioned to finance at NYU Stern School of Business, where he completed his doctorate in 2001 with a thesis entitled Essays in Banking and Financial Institutions.
Academic career
Following his PhD, Acharya joined the faculty of London Business School (LBS) from 2001 to 2008, serving also as Academic Director of the Coller Institute of Private Equity between 2007 and 2009. In 2008, he was honored with a Houblon-Norman Senior Fellowship at the Bank of England. Since that year, he has been affiliated with NYU Stern, holding the distinguished C.V. Starr Professorship in Economics.
Reserve Bank of India
The Central Government of India appointed Acharya as Deputy Governor of the Reserve Bank of India on 28 December 2016 for a three-year term commencing on 20 January 2017. He tendered his resignation in June 2019, six months ahead of the scheduled end of his term.
Personal life
Acharya is also a musician and has released an album titled Yaadon Ke Silsile.
Awards
In 2017, Acharya was awarded the Alexandre Lamfalussy Senior Research Fellowship by the Bank for International Settlements. Earlier, in 2011, he received the first Banque de France and Toulouse School of Economics Junior Prize in Monetary Economics and Finance.
Books
- Viral V. Acharya, Quest for Restoring Financial Stability in India, SAGE Publishing India, July 2020
- Viral V. Acharya, Thorsten Beck, Douglas D Evanoff, George G Kaufman and Richard Portes. World Scientific Studies in International Economics, 2013
- Viral V. Acharya, Thomas Cooley, Matthew Richardson and Ingo Walter. Dodd-Frank: One Year On. NYU Stern and CEPR ebook
- Viral V Acharya, Stijn van Nieuwerburgh, Matthew Richardson and Lawrence White. Guaranteed To Fail: Fannie Mae, Freddie Mac and the Debacle of Mortgage Finance. Princeton University Press, March 2011
- Viral V. Acharya, Thomas Cooley, Matthew Richardson and Ingo Walter, editors. Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance. John Wiley & Sons, November 2010
- Viral V. Acharya and Matthew Richardson. Restoring Financial Stability: How to Repair a Failed System. John Wiley & Sons, March 2009