Faculty News

Prof. Viral Acharya's research on systemic risk is featured

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Excerpt from Financial Times -- "Relative share price movements also contain useful information. Viral Acharya and his colleagues at NYU’s Volatility Institute have convincingly argued that the extent to which a given bank’s share price falls on days when the broader stock market declines is a decent proxy for the riskiness of the bank’s specific business model and mix of assets. On down days, safer banks should fall less than fragile ones."

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