# The Need of the Hour -- Both Fiscal and Financial Stability

1 Opinion August 26, 2020 Stern in the News ![Viral Acharya](/sites/default/files/styles/246w/public/assets/images/Viral%20Acharya%20Article.jpg?itok=ShnIBR08) By Viral Acharya >

Read the full [*Outlook Business* article](https://www.outlookbusiness.com/specials/the-need-of-the-hour-both-fiscal-and-financial-stability-6003).

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*Viral Acharya is the C.V. Starr Professor of Economics*## More from Viral Acharya

- [Stress and Strain from NBFIs to Banks.](https://www.stern.nyu.edu/index%2ephp/experience-stern/faculty-research/opinion/stress-and-strain-nbfis-banks)
- [Losses Have Been Cut, and It’s Time to Reprivatize India’s Public Sector Banks.](https://www.stern.nyu.edu/index%2ephp/experience-stern/faculty-research/losses-have-been-cut-and-its-time-reprivatize-indias-public-sector-banks)
- [Where Do Banks End and NBFIs Begin?](https://www.stern.nyu.edu/index%2ephp/experience-stern/faculty-research/where-do-banks-end-and-nbfis-begin)
- [The Danger of Forgetting the 2023 Banking Crisis.](https://www.stern.nyu.edu/index%2ephp/experience-stern/faculty-research/danger-forgetting-2023-banking-crisis)
- [The Triple Punch of Monetary Tightening on U.S. Mortgage Rates.](https://www.stern.nyu.edu/index%2ephp/experience-stern/faculty-research/triple-punch-monetary-tightening-us-mortgage-rates)