Publications: Viral Acharya

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  • Affiliation: C V Starr Professor of Economics, Department of Finance, New York
  • Google Scholar ID: iZAsYLgAAAAJ
  • Total Publications: 283

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Title Year Citations Score
Asset pricing with liquidity risk
Journal of financial Economics 77 (2), 375-410, 2005
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2005 4604 99.8%
Measuring Systemic Risk
The Review of Financial Studies 30 (1), 2-47, 2016
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2016 3424 99.7%
A pyrrhic victory? Bank bailouts and sovereign credit risk
The Journal of Finance 69 (6), 2689-2739, 2014
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2014 1553 99.2%
Dividends and bank capital in the global financial crisis of 2007–2009
Journal of Financial Crises 4 (2), 1-39, 2022
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2022 299 99.0%
Securitization without risk transfer
Journal of Financial economics 107 (3), 515-536, 2013
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2013 1381 99.0%
Whatever it takes: The real effects of unconventional monetary policy
The Review of Financial Studies 32 (9), 3366-3411, 2019
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2019 759 98.9%
A theory of systemic risk and design of prudential bank regulation
Journal of financial stability 5 (3), 224-255, 2009
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2009 1440 98.9%
Capital shortfall: A new approach to ranking and regulating systemic risks
American Economic Review 102 (3), 59-64, 2012
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2012 1382 98.8%
Is cash negative debt? A hedging perspective on corporate financial policies
Journal of financial intermediation 16 (4), 515-554, 2007
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2007 1538 98.7%
The “greatest” carry trade ever? Understanding eurozone bank risks
Journal of Financial Economics 115 (2), 215-236, 2015
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2015 973 98.6%
The risk of being a fallen angel and the corporate dash for cash in the midst of COVID
The Review of Corporate Finance Studies 9 (3), 430-471, 2020
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2020 489 98.4%
Should banks be diversified? Evidence from individual bank loan portfolios
The Journal of Business 79 (3), 1355-1412, 2006
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2006 1266 98.3%
A crisis of banks as liquidity providers
The journal of Finance 70 (1), 1-43, 2015
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2015 768 98.1%
Insider trading in credit derivatives
Journal of Financial Economics 84 (1), 110-141, 2007
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2007 1137 98.0%
The seeds of a crisis: A theory of bank liquidity and risk taking over the business cycle
Journal of Financial Economics 106 (2), 349-366, 2012
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2012 869 97.9%
The anatomy of the transmission of macroprudential policies
The Journal of Finance 77 (5), 2533-2575, 2022
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2022 168 97.8%
Does industry-wide distress affect defaulted firms? Evidence from creditor recoveries
Journal of financial economics 85 (3), 787-821, 2007
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2007 1036 97.8%
Real effects of the sovereign debt crisis in Europe: Evidence from syndicated loans
The Review of Financial Studies 31 (8), 2855-2896, 2018
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2018 580 97.7%
Corporate governance and value creation: Evidence from private equity
The Review of Financial Studies 26 (2), 368-402, 2013
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2013 758 97.7%
Creditor rights and corporate risk-taking
Journal of financial Economics 102 (1), 150-166, 2011
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2011 891 97.7%
Financial dependence and innovation: The case of public versus private firms
Journal of Financial Economics 124 (2), 223-243, 2017
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2017 598 97.6%
Wrongful discharge laws and innovation
The Review of Financial Studies 27 (1), 301-346, 2014
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2014 661 97.5%
Too many to fail—An analysis of time-inconsistency in bank closure policies
Journal of financial intermediation 16 (1), 1-31, 2007
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2007 957 97.5%
Causes of the financial crisis
Critical review 21 (2-3), 195-210, 2009
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2009 826 97.4%
Restoring financial stability: how to repair a failed system
John Wiley & Sons, 2009
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2009 814 97.3%
Precautionary hoarding of liquidity and interbank markets: Evidence from the subprime crisis
Review of finance 17 (1), 107-160, 2013
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2013 606 97.0%
Rollover risk and market freezes
The Journal of Finance 66 (4), 1177-1209, 2011
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2011 705 96.9%
Labor laws and innovation
The Journal of Law and Economics 56 (4), 997-1037, 2013
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2013 561 96.6%
Bankruptcy codes and innovation
The Review of Financial Studies 22 (12), 4949-4988, 2009
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2009 677 96.6%
Cash holdings and credit risk
The Review of Financial Studies 25 (12), 3572-3609, 2012
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2012 573 96.4%
Leverage, moral hazard, and liquidity
The Journal of Finance 66 (1), 99-138, 2011
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2011 569 95.9%
The financial crisis of 2007-2009: Causes and remedies
Restoring financial stability: how to repair a failed system, 1-56, 2009
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2009 596 95.9%
Liquidity risk of corporate bond returns: conditional approach
Journal of financial economics 110 (2), 358-386, 2013
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2013 480 95.8%
The end of market discipline? Investor expectations of implicit government guarantees
Investor Expectations of Implicit Government Guarantees (May 1, 2016), 2016
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2016 396 95.8%
Limits to arbitrage and hedging: Evidence from commodity markets
Journal of Financial Economics 109 (2), 441-465, 2013
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2013 473 95.8%
Crisis resolution and bank liquidity
The Review of Financial Studies 24 (6), 2166-2205, 2011
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2011 548 95.7%
Aggregate risk and the choice between cash and lines of credit
The Journal of Finance 68 (5), 2059-2116, 2013
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2013 459 95.6%
Testing macroprudential stress tests: The risk of regulatory risk weights
Journal of Monetary Economics 65, 36-53, 2014
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2014 418 95.4%
Do global banks spread global imbalances? Asset-backed commercial paper during the financial crisis of 2007–09
IMF Economic Review 58 (1), 37-73, 2010
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2010 542 95.4%
Banks’ financial reporting and financial system stability
Journal of Accounting Research 54 (2), 277-340, 2016
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2016 364 95.3%
Information contagion and bank herding
Journal of money, credit and Banking 40 (1), 215-231, 2008
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2008 534 94.9%
Liquidity Dependence and the Waxing and Waning of Central Bank Balance Sheets
National Bureau of Economic Research, 2023
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2023 51 94.8%
Caught between Scylla and Charybdis? Regulating bank leverage when there is rent seeking and risk shifting
The Review of Corporate Finance Studies 5 (1), 36-75, 2016
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2016 328 94.7%
Guaranteed to fail: Fannie Mae, Freddie Mac, and the debacle of mortgage finance
Princeton University Press, 2011
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2011 455 94.6%
Why did bank stocks crash during COVID-19?
National Bureau of Economic Research, 2021
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2021 128 94.5%
Cash-in-the-market pricing and optimal resolution of bank failures
The Review of Financial Studies 21 (6), 2705-2742, 2008
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2008 500 94.5%
Imperfect competition in the interbank market for liquidity as a rationale for central banking
American Economic Journal: Macroeconomics 4 (2), 184-217, 2012
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2012 398 94.2%
The internal governance of firms
The Journal of Finance 66 (3), 689-720, 2011
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2011 418 94.1%
Counterparty risk externality: Centralized versus over-the-counter markets
Journal of Economic Theory 149, 153-182, 2014
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2014 321 93.7%
Regulating Wall Street: The Dodd-Frank Act and the new architecture of global finance
(No Title), 2011
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2011 396 93.7%
In the shadow of banks: wealth management products and issuing banks' risks in China
CEPR Discussion Paper No. DP14957, 2020
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2020 162 93.5%
Zombie credit and (dis-) inflation: evidence from Europe
National Bureau of Economic Research, 2020
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2020 155 93.2%
Lender of last resort, buyer of last resort, and a fear of fire sales in the sovereign bond market
Financial Markets, Institutions & Instruments 30 (4), 87-112, 2021
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2021 99 92.5%
Kicking the can down the road: government interventions in the European banking sector
The Review of Financial Studies 34 (9), 4090-4131, 2021
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2021 99 92.5%
Lending implications of US bank stress tests: Costs or benefits?
Journal of Financial Intermediation 34, 58-90, 2018
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2018 210 92.4%
A model of liquidity hoarding and term premia in inter-bank markets
Journal of Monetary Economics 58 (5), 436-447, 2011
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2011 328 92.1%
Credit lines as monitored liquidity insurance: Theory and evidence
Journal of financial economics 112 (3), 287-319, 2014
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2014 267 92.1%
Regulating Carry Trades: Evidence from Foreign Currency Borrowing of Corporations in India
Working Paper, April, 2022
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2022 52 90.9%
The dark side of liquidity creation: Leverage and systemic risk
Journal of Financial Intermediation 28, 4-21, 2016
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2016 201 90.7%
Endogenous information flows and the clustering of announcements
American Economic Review 101 (7), 2955-2979, 2011
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2011 278 90.4%
Is the international convergence of capital adequacy regulation desirable?
The Journal of Finance 58 (6), 2745-2782, 2003
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2003 349 89.3%
Zombie lending: Theoretical, international, and historical perspectives
Annual Review of Financial Economics 14, 21-38, 2022
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2022 45 89.2%
Seeking alpha: Excess risk taking and competition for managerial talent
The Review of Financial Studies 29 (10), 2565-2599, 2016
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2016 168 88.5%
Manufacturing tail risk: A perspective on the financial crisis of 2007–2009
Foundations and Trends® in Finance 4 (4), 247-325, 2010
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2010 254 88.5%
Does the lack of financial stability impair the transmission of monetary policy?
Journal of Financial Economics 138 (2), 342-365, 2020
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2020 97 88.4%
Bank lines of credit as contingent liquidity: Covenant violations and their implications
Journal of Financial Intermediation 44, 100817, 2020
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2020 96 88.3%
Climate stress testing
Annual Review of Financial Economics 15, 291-326, 2023
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2023 24 88.0%
Bank capital and dividend externalities
The Review of Financial Studies 30 (3), 988-1018, 2017
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2017 150 88.0%
Cross-country variations in capital structures: The role of bankruptcy codes
Journal of Financial Intermediation 20 (1), 25-54, 2011
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2011 215 87.3%
Regulating systemic risk
Restoring financial stability: How to repair a failed system, 283-304, 2009
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2009 224 86.9%
Corporate governance externalities
Review of Finance 14 (1), 1-33, 2010
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2010 223 86.8%
Is physical climate risk priced? Evidence from regional variation in exposure to heat stress
National Bureau of Economic Research, 2022
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2022 37 86.5%
Sovereign debt, government myopia, and the financial sector
The Review of Financial Studies 26 (6), 1526-1560, 2013
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2013 174 86.0%
On the optimality of resetting executive stock options
Journal of Financial Economics 57 (1), 65-101, 2000
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2000 269 85.9%
Stress tests’ for banks as liquidity insurers in a time of COVID
VoxEU. org, March 22, 2020
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2020 78 85.3%
Liquidity, liquidity everywhere, not a drop to use–Why flooding banks with central bank reserves may not expand liquidity
National Bureau of Economic Research, 2022
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2022 33 84.6%
Liquidity risk and correlation risk: A clinical study of the General Motors and Ford Downgrade of May 2005
The Quarterly Journal of Finance 5 (02), 1550006, 2015
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2015 140 84.5%
Corporate bond valuation and hedging with stochastic interest rates and endogenous bankruptcy
The Review of Financial Studies 15 (5), 1355-1383, 2002
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2002 233 84.4%
Systemic risk and deposit insurance premiums
Economic Policy Review, Forthcoming, 2009
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2009 188 84.2%
How Banks Played the Leverage" Game"
Financial Markets, Institutions+ Instruments 18 (2), 144, 2009
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2009 184 83.9%
On reaching for yield and the coexistence of bubbles and negative bubbles
Journal of Financial Intermediation 38, 1-10, 2019
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2019 83 83.6%
A theory of income smoothing when insiders know more than outsiders
The Review of Financial Studies 28 (9), 2534-2574, 2015
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2015 131 83.5%
More insiders, more insider trading: Evidence from private-equity buyouts
Journal of Financial Economics 98 (3), 500-523, 2010
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2010 169 82.4%
The growth of a shadow banking system in emerging markets: Evidence from India
Journal of International Money and Finance 39, 207-230, 2013
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2013 137 82.1%
Bankruptcy exemption of repo markets: Too much today for too little tomorrow?
National Bureau of Economic Research, 2024
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2024 11 80.6%
Bank use of sovereign CDS in the eurozone crisis: Hedging and risk incentives
Journal of Financial Intermediation 50, 100964, 2022
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2022 26 80.4%
How do global banks scramble for liquidity? Evidence from the asset-backed commercial paper freeze of 2007
Journal of Financial Intermediation 30, 1-34, 2017
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2017 88 79.3%
Private equity: Boom and bust?
Journal of Applied Corporate Finance 19 (4), 44-53, 2007
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2007 150 79.2%
Is Europe overbanked?
ESRB: Advisory Scientific Committee Reports 4, 2014
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2014 110 79.1%
Corporate debt in emerging economies: A threat to financial stability?
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2015 102 78.9%
Credit lines and the liquidity insurance channel
Journal of Money, Credit and Banking 53 (5), 901-938, 2021
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2021 37 77.7%
Managerial hedging, equity ownership, and firm value
The RAND Journal of Economics 40 (1), 47-77, 2009
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2009 130 77.5%
Zombie lending and policy traps
National Bureau of Economic Research, 2021
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2021 36 77.0%
Private equity vs. PLC boards in the UK: A comparison of practices and effectiveness
Journal of Applied Corporate Finance 21 (1), 45-56, 2009
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2009 125 76.7%
Analyzing systemic risk of the European banking sector
Handbook on systemic risk, 247-282, 2013
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2013 103 76.5%
A proposal for the resolution of systemically important assets and liabilities: the case of the repo market
The Social Value of the Financial Sector: Too Big to Fail or Just Too Big …, 2014
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2014 97 76.5%
Deposit and credit reallocation in a banking panic: The role of state-owned banks
National Bureau of Economic Research, 2022
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2022 20 74.9%
Dealer financial conditions and lender-of-last-resort facilities
Journal of Financial Economics 123 (1), 81-107, 2017
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2017 68 73.6%
When does strategic debt-service matter?
Economic Theory 29, 363-378, 2006
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2006 113 73.4%
Falling short of expectations? Stress-testing the European banking system
Stress-Testing the European Banking System (January 15, 2014). CEPS Policy Brief, 2014
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2014 84 73.2%
Finance and efficiency: do bank branching regulations matter?
Review of Finance 15 (1), 135-172, 2011
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2011 98 73.0%
Market failures and regulatory failures: Lessons from past and present financial crises
ADBI Working Paper, 2011
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2011 97 72.8%
The value of a cure: An asset pricing perspective
National Bureau of Economic Research, 2020
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2020 41 72.7%
Centralized clearing for credit derivatives
Financial Markets, Institutions+ Instruments 18 (2), 168, 2009
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2009 102 72.5%
SVB and beyond: The banking stress of 2023
Available at SSRN 4513276, 2023
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2023 10 71.4%
Fire-sale FDI
Available at SSRN 1548817, 2010
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2010 96 71.3%
Robust capital regulation
Current Issues in Economics and Finance 18 (4), 2012
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2012 76 68.0%
Quest for restoring financial stability in India
Sage Publications Pvt. Limited, 2020
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2020 34 68.0%
A theory of slow-moving capital and contagion
Available at SSRN 1331610, 2009
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2009 82 67.5%
Is the insurance industry systemically risky?
Modernizing insurance regulation, 151-179, 2014
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2014 63 66.0%
The repurchase agreement (repo) market
Regulating Wall Street, 319-350, 2011
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2011 71 65.5%
On the financial regulation of insurance companies
NYU Stern School of Business, 2009
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2009 73 64.9%
A tale of two overhangs: the nexus of financial sector and sovereign credit risks
Financial Stability Review, 2012
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2012 66 64.6%
Taxing systemic risk
Managing and Measuring Risk: Emerging Global Standards and Regulations After …, 2013
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2013 61 64.2%
A tax on systemic risk
Regulating Wall Street: The Dodd-Frank Act and the New Architecture of …, 2010
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2010 70 64.1%
Competition for managers, corporate governance and incentive compensation
Corporate Governance and Incentive Compensation (April 2012). CEPR …, 2012
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2012 64 63.8%
Monetary easing, leveraged payouts and lack of investment
National Bureau of Economic Research, 2019
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2019 34 63.1%
Indian banks: A time to reform
University of Chicago Booth School of Business Working Paper, 2020
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2020 28 62.7%
What saved the Indian banking system: State ownership or state guarantees?
The World Economy 35 (1), 19-31, 2012
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2012 59 61.7%
Implications of the Dodd-Frank act
Annu. Rev. Financ. Econ. 4 (1), 1-38, 2012
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2012 59 61.7%
Pricing credit derivatives with rating transitions
Financial Analysts Journal 58 (3), 28-44, 2002
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2002 69 61.5%
Exorbitant privilege? Quantitative easing and the bond market subsidy of prospective fallen angels
National Bureau of Economic Research, 2022
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2022 12 61.0%
Derivatives: the ultimate financial innovation
Restoring financial stability: How to repair a failed system 233, 241, 2009
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2009 60 60.3%
Corporate governance in the modern financial sector
Financial Markets, Institutions+ Instruments 18 (2), 158, 2009
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2009 57 59.2%
International alignment of financial sector regulation
Restoring Financial Stability: How to Repair a Failed System 18, 365-376, 2009
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2009 56 58.7%
The Dodd-Frank Act and Basel III: intentions, unintended consequences, and lessons for emerging markets
ADBI Working Paper 392, 2012
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2012 50 57.6%
Monetary Transmission in India: Why is it important and why hasn’t it worked well
Reserve Bank of India Bulletin 71 (12), 7-16, 2017
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2017 36 57.1%
Liquidity risk and correlation risk: Implications for risk management
London Business School Working Paper, 2006
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2006 52 56.2%
Prologue: A Bird's‐Eye View: The Financial Crisis of 2007–2009: Causes and Remedies
Restoring financial stability: How to repair a failed system, 1-56, 2009
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2009 50 56.1%
When is Sovereign Debt Odious? A Theory of Government Repression, Growth Traps, and Growth Boosts
National Bureau of Economic Research, 2022
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2022 10 55.5%
The sensitivity of cash savings to the cost of capital
National Bureau of Economic Research, 2020
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2020 20 53.4%
Measuring systemic risk for insurance companies
The economics, regulation, and systemic risk of insurance markets 100, 2016
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2016 32 51.6%
Unintended consequences of LOLR facilities: The case of illiquid leverage
IMF Economic Review 62 (4), 606-655, 2014
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2014 35 50.8%
Capital flow management with multiple instruments
National Bureau of Economic Research, 2018
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2018 25 50.1%
Capital shortfalls of European banks since the start of the banking union
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2016 30 50.0%
Financial stability in the broader mandate for central banks: A political economy perspective
Hutchins Center Working Papers, 2015
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2015 31 49.0%
What determines entrepreneurial success? A psychometric study of rural entrepreneurs in India
Retrieved 11 (14), 2011, 2007
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2007 36 48.4%
Benchmarking the European Central Bank’s asset quality review and stress test: a tale of two leverage ratios
NYU Stern School of Business 2, 2014
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2014 30 47.2%
A transparency standard for derivatives
Risk topography: systemic risk and macro modeling, 83-95, 2012
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2012 32 47.0%
Governments as shadow banks: The looming threat to financial stability
Tex. L. Rev. 90, 1745, 2011
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2011 32 46.7%
Adapting micro prudential regulation for emerging markets
Dealing with the challenges of macro financial linkages in emerging markets 57, 2013
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2013 30 46.3%
Systemic risk and the regulation of insurance companies
Regulating Wall Street: the Dodd-Frank Act and the new architecture of …, 2011
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2011 31 46.0%
Limits to arbitrage and hedging: Evidence from commodity markets
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2010 31 45.9%
The Dodd‐Frank Wall Street Reform and Consumer Protection Act: Accomplishments and Limitations
Journal of Applied Corporate Finance 23 (1), 43-56, 2011
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2011 30 45.4%
Regulation of rating agencies
Regulating Wall Street, John Wiley & Sons Inc, Hoboken, NJ, 443-467, 2010
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2010 29 44.6%
Disasters with Unobservable Duration and Frequency: Intensified Responses and Diminished Preparedness
National Bureau of Economic Research, 2023
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2023 4 44.5%
Vaccine progress, stock prices, and the value of ending the pandemic
Stock Prices, and the Value of Ending the Pandemic (March 18, 2023), 2023
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2023 4 44.5%
Forbearance, resolution and deposit insurance
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2012 28 43.9%
Divided we fall: International health and trade coordination during a pandemic
National Bureau of Economic Research, 2020
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2020 14 43.3%
Monetary easing and financial instability
Systemic Risk Centre, The London School of Economics and Political Science, 2017
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2017 21 43.1%
Systemic risk and macro-prudential regulation
Unpublished working paper. http://pages. stern. nyu. edu/~ sternfin/vacharya …, 2011
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2011 26 42.4%
The Dodd-Frank Act and the New Architecture of Global Finance
IMF Institute, 2010
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2010 26 42.4%
Seeking alpha, taking risk: Evidence from non-executive pay in US bank holding companies
University of Pennsylvania, Wharton School, Weiss Center Working Papers, 2014
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2014 24 42.0%
The unfinished agenda: Restoring public sector bank health in India
Remarks delivered during the 8th RK Talwar Memorial Lecture organized by the …, 2017
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2017 20 41.9%
Understanding and managing interest rate risk at banks
Macroeconomics and Finance in Emerging Market Economies 11 (2), 218-231, 2018
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2018 18 41.6%
State intervention in banking: the relative health of Indian public sector and private sector banks
Monetary Policy in India: A Modern Macroeconomic Perspective, 195-230, 2016
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2016 21 41.1%
Fiscal stimulus, deposit competition, and the rise of shadow banking: Evidence from china
National Bureau of Economic Research, 2024
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2024 3 41.0%
Capital, contingent capital, and liquidity requirements
Regulating Wall Street, 143, 2011
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2011 24 40.8%
Dividends and Bank Capital in the Financial Crisis of 2007-2009 00
National Bureau of Economic Research, 2011
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2011 24 40.8%
How much capital do European banks need? Some estimates
DSF Policy Brief, 2011
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2011 24 40.8%
Resolution authority
Regulating Wall Street: The Dodd-Frank Act and the New Architecture of …, 2011
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2011 24 40.8%
Optimal Financial‐Market Integration and Security Design
The Journal of Business 78 (6), 2397-2434, 2005
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2005 23 40.5%
Measuring systemic risk
Managing and Measuring Risk: Emerging Global Standards and Regulation after …, 2013
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2013 23 40.5%
State Ownership and Systemic Risk: Evidence from the Indian financial sector during 2007–09
Unpublished paper, NYU–Stern, New York, 2010
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2010 22 39.2%
COVID-19 containment measures and expected stock volatility: high-frequency evidence from selected advanced economies
International Monetary Fund, 2021
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2021 9 38.3%
Foreign fund flows and stock returns: Evidence from India
International Growth Centre (IGC), 2015
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2015 19 37.5%
Economics with market liquidity risk
Critical Finance Review, special issue on “Liquidity: Replications …, 2019
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2019 13 37.4%
Ring-fencing is good, but no panacea
The Future of Banking, 35, 2011
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2011 20 37.3%
How securitization concentrated risk in the financial sector
What caused the financial crisis, 183-199, 2011
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2011 20 37.3%
Prompt corrective action: An essential element of financial stability framework
RBI Bulletin 2018, 1-19, 2018
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2018 15 37.3%
The Case for Conditionality in LOLR Facilities
restoring Financial Stability: how to repair a Failed System 542, 305, 2009
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2009 19 37.3%
The voice of experience: Public versus private equity
The McKinsey Quarterly 28, 1-7, 2008
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2008 19 36.7%
Private equity target selection: Performance and risk measurement based on propensity score matching
Unpublished working paper, London Business School, 2009
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2009 18 36.4%
How to calculate systemic risk surcharges
Quantifying systemic risk, 175-212, 2012
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2012 19 36.1%
Competition among banks, capital requirements and international spillovers
Economic Notes 30 (3), 337-358, 2001
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2001 16 35.7%
Understanding Financial Crises: Theory and Evidence from the Crisis of 2007-08
NYU Stern School of Business Working Paper, 2013
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2013 18 35.6%
The Financial Sector Bailout
STABI, 327, 2009
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2009 17 35.4%
Introducing the “leverage ratio” in assessing the capital adequacy of european banks
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2016 16 35.3%
Capital markets union in Europe: Why other unions must lead the way
Swiss Journal of Economics and Statistics 152, 319-329, 2016
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2016 15 33.9%
The social value of the financial sector: too big to fail or just too big?
World Scientific, 2014
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2014 16 33.7%
Making sense of the comprehensive assessment
SAFE Policy Letter, 2014
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2014 16 33.7%
The importance of a banking union and fiscal union for a capital markets union
Publications Office of the European Union, 2017
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2017 13 32.5%
Non-Executive Incentives and Bank Risk-Taking
Working Paper, 2013
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2013 15 32.2%
Bank Liquidity and Bubbles: Why central banks should lean against liquidity
Evanoff et al, 2012
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2012 15 31.9%
Banking union in Europe and other reforms
Banking Union for Europe, 45, 2012
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2012 15 31.9%
The Power of Central Banks and the Future of the Federal Reserve System
Regulating Wall Street, 51, 2011
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2011 13 30.2%
Bank dividends in the crisis: A failure of governance
Online article. London: Centre for Economic Policy Research, VoxEU, 2009
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2009 12 29.9%
Regulating OTC derivatives
Credit Securitizations and Derivatives: Challenges for the Global Markets …, 2013
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2013 12 28.5%
Dodd-Frank: One Year On
VoxEU. org 12, 2011
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2011 11 27.8%
Making sense of Obama’s bank reform plans
VoxEU. org 24, 2010
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2010 11 27.7%
A critical assessment of the Dodd-Frank Wall Street reform and consumer protection act
VoxEU. org 20, 2010, 2010
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2010 11 27.7%
Does industry-wide distress
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2007 10 26.9%
Financial Vulnerability and Risks to Growth in Emerging Markets
National Bureau of Economic Research, 2020
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2020 7 26.6%
A consensus view on liquidity risk
VOX: Research-based Policy Analysis and Commentary from leading Economists 2011, 2011
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2011 10 26.4%
Monetary Easing, Investment and Financial Instability
CEPR Discussion Paper No. DP13072, 2018
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2018 8 24.9%
On the Importance of Independent Regulatory Institutions–The Case of the Central Bank
Current Statistics 67, 21, 2018
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2018 8 24.9%
Repairing a Failed System: An Introduction
Wiley, 2009
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2009 8 24.2%
Does hedging affect commodity prices? the role of producer default risk
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2009 8 24.2%
The banking crisis as a giant carry trade gone wrong
VoxEU. org 23, 2013
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2013 9 24.2%
Government Guarantees: Why the genie needs to be put back in the Bottle
The Economists' Voice 2.0: The Financial Crisis, Health Care Reform, and …, 2012
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2012 9 24.2%
Liquidity risk: causes, consequences and implications for risk management
Economic and Political Weekly, 460-463, 2006
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2006 7 22.8%
How to measure and regulate systemic risk
NYU Stern School of Business, 2015
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2015 8 22.6%
Capital budgeting at banks: the role of government guarantees
Report prepared for Knight Vinke Asset Management, 2008
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2008 7 22.1%
When do Treasuries Earn the Convenience Yield?—A Hedging Perspective
National Bureau of Economic Research, 2023
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2023 2 21.8%
India at 75: Replete with Contradictions, Brimming with Opportunities, Saddled with Challenges
Brookings Papers on Economic Activity, 2023
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2023 2 21.8%
Alianza estratégica entre Brasil y la Argentina: Antecedentes, Estado Actual y Perspectivas
Población & Sociedad, 137-156, 2003
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2003 6 21.3%
Introduction, New Perspectives on Corporate Capital Structure
National Bureau of Economic Research, 2013
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2013 7 20.8%
A proposal to resolve the distress of large and complex financial institutions
New York University, Stern School of Business Working Paper, 2011
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2011 6 19.5%
Are Bank Credit Lines the New Source of Financial Fragility
International Banker 1, 2021
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2021 4 19.3%
Establishing viable capital markets
BIS, 2019
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2019 5 19.1%
Do Central Bank Interventions Limit the Market Discipline from Short-Term Debt?
mimeo, 2015
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2015 6 18.7%
Understanding the Recovery Rates
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2002 5 18.4%
The other part of the bailout: Pricing and evaluating the US and UK loan guarantees
Centre for Economic Policy Research (CEPR), 2008
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2008 5 17.6%
Some ways to decisively resolve bank stressed assets
Address at Indian Banks’ Association Banking Technology Conference, Hotel …, 2017
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2017 5 17.2%
Fire sale FDI
Korean Economic Review 27, 163-202, 2011
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2011 5 17.1%
The government-sponsored enterprises
Regulating Wall Street: The Dodd–Frank Act and the New Architecture of …, 2011
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2011 5 17.1%
State ownership and systemic risk: Evidence from the Indian financial sector
Unpublished manuscript. NYU Stern School of Business, 2010
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2010 5 17.1%
The Dodd-Frank Wall Street Reform and Consumer Protection Act
Regulating Wall Street, 2010
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2010 5 17.1%
Is state ownership in the Indian banking sector desirable?
India Policy Forum 8 (1), 1-35, 2012
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2012 5 16.7%
The consequences of the single supervisory mechanism for Europe's macro-prudential policy framework
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2013 5 16.6%
High time to tell European banks: No dividends
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2016 5 16.4%
Cash holdings and bank compensation
Economic Policy Review, Issue Aug, 77-83, 2016
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2016 5 16.4%
Development of Viable Capital Markets––The Indian Experience
Speech at Indian School of Business, Hyderabad 29, 2019
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2019 4 15.9%
Credit Risk: Pricing, Measurement, and Management
Economica 72 (285), 181-182, 2005
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2005 4 15.7%
A case for (even) more transparency in the OTC Markets
VoxEU. org 29, 2009
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2009 4 15.2%
Governance, incentives, and fair value accounting overview
Restoring financial stability: how to repair a failed system, 2009
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2009 4 15.2%
What If a Large, Complex Financial Institution Fails?
Mimeo, NYU Stern School of Business, 2009
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2009 4 15.2%
Efficiency or resiliency? Corporate choice between financial and operational hedging
CEPR Discussion Paper No. DP15885, 2021
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2021 3 14.3%
The value of a vaccine to end COVID-19 Is worth between 5% and 15% of wealth
Voxeu. Org News, 2021
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2021 3 14.3%
Foreign currency corporate borrowing: Risks and policy responses
VoxEU. org 29, 2021
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2021 3 14.3%
’Understanding Financial Crises: Theory and Evidence from the Crisis of 2007-8.’
NBER Reporter, 5-9, 2013
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2013 4 14.1%
Contemporary Banking In India
Samvid, 103, 2012
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2012 4 14.1%
Corporate debt in emerging economies
desLibris, 2015
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2015 4 13.9%
Same story, different place? post-crisis recapitalization of banks in japan and europe
Working Paper, 2016
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2016 4 13.7%
Financing Infrastructure in the Shadow of Expropriation
National Bureau of Economic Research, 2022
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2022 2 12.1%
The Financial Sector
Bailout”: Sowing the Seeds of the Next Crisis,” in Restoring Financial …, 2009
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2009 3 11.7%
Concorde’s fate offers a lesson for finance
Financial Times 15, 2009
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2009 3 11.7%
The Dodd-Frank Act, systemic risk and capital requirements
The Future of Banking, 41, 2011
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2011 3 11.3%
Caught between Scylla and Charybidis
Regulating bank leverage when there is rent seeking and risk shifting …, 2011
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2011 3 11.3%
Financial Sector Health Since 2007: A Comparative Analysis of the United States, Europe, and Asia
RSF: The Russell Sage Foundation Journal of the Social Sciences 3 (1), 122-137, 2017
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2017 3 11.2%
Research on the Financial Crisis
Journal of Financial Intermediation 1 (22), 1-3, 2013
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2013 3 10.9%
A macroprudential policy framework for the EU and its member states
Macroprudentialism, 145, 2014
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2014 3 10.7%
Risk-Sharing and the Creation of Systemic Risk
Working Paper, 2016
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2016 3 10.7%
Is the Banking Union as Stable and Resilient as it Looks?
The New Financial Architecture in the Eurozone, 89, 2021
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2021 2 8.2%
Improving Monetary Transmission Through the Banking Channel: The Case for External Benchmarks in Bank Loans
Vikalpa 45 (1), 32-41, 2020
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2020 2 7.3%
Anatomy of trading and liquidity in the credit defaults swaps market
Available at SSRN 1441642, 2009
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2009 2 6.8%
Mortgage Origination and Securitization in the Financial Crisis
Restoring Financial Stability: How to Repair a Failed System 61, 74, 2009
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2009 2 6.8%
The other part of the bailout
mimeo, VoxEU. org and New York University, 2009
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2009 2 6.8%
Too Many to Fail-An Analysis of Time-inconsistency in Bank Closure Regulation
London Business School, 2004
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2004 2 6.8%
India’s International Integration and Challenges to Sustaining Growth
Vikalpa 42 (3), 168-205, 2017
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2017 2 6.7%
A Bank Should Be Something One Can ‘Bank’Upon
Reserve Bank of India, 2017
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2017 2 6.7%
Comment on" The Macroeconomics of Money Market Freezes" by Max Bruche and Javier Suarez
Journal of Monetary Economics 57 (1), 62-63, 2010
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2010 2 6.6%
A comparative analysis of financial sector health in the United States, Europe, and Asia
Progress and Confusion: The State of Macroeconomic Policy, 43, 2016
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2016 2 6.4%
Lender of Last Resort Versus Buyer of Last Resort
ZEW’Centre for European Economic Research, 430-471, 2016
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2016 2 6.4%
L’histoire de deux excès: le lien entre risques de crédit du secteur financier et des emprunteurs souverains
Revue de la stabilité financière, 55-61, 2012
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2012 2 6.3%
Srisk as a macro-finance measure of systemic risk
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2012 2 6.3%
Essays in regulation of banks and financial institutions
New York University, Graduate School of Business Administration, 2001
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2001 1 0.0%
Bank Liquidity and Bubbles
New Perspectives on Asset Price Bubbles, 271, 2012
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2012 1 0.0%
Liquidity Risk and Correlation Risk
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2015 1 0.0%
Efficiency or Resiliency? Corporate Choice between FInancial and Operational Hedging
Corporate Choice between FInancial and Operational Hedging (February 25 …, 2021
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2021 1 0.0%
Credit Risk
Stern School of Business, NYU, 2009
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2009 1 0.0%
Online Appendix to Limits to Arbitrage and Hedging: Evidence from Commodity Markets
May 18, 2012, 2012
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2012 1 0.0%
VReal Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated LoansV
CEPR Discussion Paper, 10108, 2014
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2014 1 0.0%
The Seeds of a Crisis: A Theory of Bank Liquidity and Risk Taking over the Business Cycle
SSRN Electronic Journal 43 (1), 40-42, 2019
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2019 1 0.0%
The making of fallen angels—and what QE and credit rating agencies have to do with it
Liberty Street Economics, 2022
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2022 1 0.0%
How do supply shocks to inflation generalize? Evidence from the pandemic era in Europe
National Bureau of Economic Research, 2023
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2023 1 0.0%
5.1 Systemic risk and the financial crisis of 2007 to 2009
Regulating Wall Street: The Dodd-Frank Act and the New Architecture of …, 2010
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2010 1 0.0%
The Architecture of Financial Regulation
Regulating Wall Street, 35, 2011
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2011 1 0.0%
Overview of recent banking stress
SVB and Beyond: The Banking Stress of 2023, 14-32, 2023
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2023 1 0.0%
Bank Liquidity and Bubbles: Why Central Banks Should Lean Against Liquidity
NEW PERSPECTIVES ON ASSET PRICE BUBBLES: THEORY, EVIDENCE, AND POLICY …, 2012
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2012 1 0.0%
Macroprudential stress tests should not rely on regulatory risk weights
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2014 1 0.0%
Do firms mitigate climate impact on employment? Evidence from US heat shocks
National Bureau of Economic Research, 2023
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2023 1 0.0%
Competition for Managers and Corporate Governance
Journal of Law, Finance, and Accounting 6 (1), 179-219, 2021
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2021 1 0.0%
The Dodd-Frank Wall Street Reform and Consumer Protection Act and a Little Known Corner of Wall Street: The Repo Market
New York University: Leonard N. Stern School of Business, 2010
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2010 1 0.0%
A Case for Public Credit Registry in India
Speech at the 11th Statistics Day of the Reserve Bank of India, 2017
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2017 1 0.0%
Contingent Credit Under Stress
National Bureau of Economic Research, 2023
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2023 1 0.0%
Where Do Banks End and NBFIs Begin?
Working Paper, NYU Stern School of Business, 2023
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2023 1 0.0%
Caught between Scylla and Charybdis? regulating bank leverage when there is rent seeking and risk shifting
Regulation2point0 Working paper, 2010
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2010 1 0.0%
Guaranteed to Fail: Fannie Mae and Freddie Mac and What to Do about Them
The Economists’ Voice 10 (1), 15-19, 2013
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2013 1 0.0%
Dividend Tax Effects–Evidence from India
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2014 1 0.0%
Risk-sharing and the creation of systemic risk
Journal of Risk and Financial Management 13 (8), 183, 2020
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2020 1 0.0%
Banks, Systemic Risk, and Design of Prudential Regulation
New York University Salomon Center, Leonard N. Stern School of Business, 2000
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2000 1 0.0%
Measuring and Regulating Systemic Risk
Handbook on Systemic Risk, 193, 2013
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2013 1 0.0%