NYU Stern
Share / Print
Research in the News

Prof. Viral Acharya's research on government debt

bloomberg logo feat
Excerpt from Bloomberg Markets -- "The researchers looked specifically at the difference between what the banks paid creditors for borrowing money and what investors earned from owning U.S. government debt. They subtracted that number from the same measurement for smaller banks and, taking into account differences in risk unrelated to bank size, determined the value of the implicit government subsidy."

Read more