Viral Acharya awarded Houblon-Norman Fellowship
Bank of England bestows grant to research inefficiences in inter-bank liquidity transfers.
Viral Acharya, Professor of Finance at London Business School, has been awarded a Senior Houblon-Norman Fellowship by the Bank of England.
The award will enable him to spend time at the Bank of England in July and August this year working on a project entitled:Efficiency of Inter-Bank Liquidity Markets and the Role of Central Banks;. This research will focus theoretically and empirically on why there might be inefficiencies in the transfer of liquidity across banks through the inter-bank lending and asset sale markets, and what role, if any, Central Banks play to alleviate such inefficiencies.
Professor Randall Peterson, London Business School's Deputy Dean of Faculty said "We are delighted that Viral has been awarded this very impressive fellowship. This research project looks at a relevant and important issue, and being chosen from a field of top academics is testament to the calibre of Viral's world-class research and to the research capabilities of London Business School."
Viral has an established track record in securing external research funding. He has previously won awards from the Fondation Banque de France and Inquire Europe, as well as a prestigious Leverhulme grant. His previous research has been focused on liquidity and credit-risk related issues in banking, corporate finance as well as asset pricing.