Viral V Acharya

Deputy Governor, Reserve Bank of India; CV Starr Professor of Economics in the Department of Finance at New York University Stern School of Business (NYU-Stern).

Sovereign Debt, Government Myopia, and the Financial Sector

Professors Viral V Acharya and Raghuram G Rajan’s paper, “Sovereign debt, government myopia and the financial sector”  won the NSE best paper award presented during the Summer Research Conference 2012 organised by the Centre for Analytical Finance (CAF) at the ISB. In this article, Professor Acharya presents a summary of their award-winning paper. Why do  governments   repay external sovereign borrowing?  Models …

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