NSE-NYU Conference on Indian Financial Markets 2023
Speaker Profile
Dr. Viral Acharya
Former Deputy Governor, RBI and C.V. Starr Professor of Economics, NYU Stern School of Business
Prof. Viral Acharya is the Former Deputy Governor of the Reserve Bank of India and C. V. Starr Professor of Economics at NYU Stern School of Business. Prof. Acharya started the NSE-NYU Stern Initiative on the Study of Indian Financial Markets along with the National Stock Exchange of India in 2012. He has served on the International Advisory Board of the Securities and Exchange Board of India (SEBI). He has also been an Academic Advisor to the Federal Reserve Banks of Chicago and Cleveland, and the Board of Governors. He is Research Associate of the National Bureau of Economic Research (NBER) in Corporate Finance, a Research Affiliate at the Center for Economic Policy Research (CEPR), and Research Associate of the European Corporate Governance Institute (ECGI). He has authored several books on finance and banking.
Dr. Duvvuri Subbarao
Former Governor, Reserve Bank of India
Dr. Duvvuri Subbarao served as the Governor of the Reserve Bank of India (RBI) for five years (2008-13). Prior to that, he was Finance Secretary to the Government of India (2007-08) and Secretary to the Prime Minister’s Economic Advisory Council (2005-07). Dr. Subbarao joined the Indian Administrative Service in 1972. As a career civil servant, he worked in various positions in the state and Central government. Dr. Subbarao was a Lead Economist in the World Bank (1999-2004) where his responsibilities involved analysing the public expenditures of developing countries and advising them on fiscal policy issues. After stepping down as the RBI Governor, Dr. Subbarao served as a Distinguished Visiting Research Fellow at the Institute of South Asian Studies at the National University of Singapore and most recently at the University of Pennsylvania.
Prof. Kose John
Charles William Gerstenberg Professor of Banking and Finance at the NYU Stern School of Business
Prof. Kose John is the Charles William Gerstenberg Professor of Banking and Finance at the Stern School of Business, New York University. He has also taught at the University of Chicago, Columbia University, and Institut D'Etudes Politiques de Paris (Sciences Po). He has won several awards, including the Batterymarch Fellowship in 1983 and the Jensen Prize for the best paper published in 2000 in the Journal of Financial Economics. He has been on the Nomination Committee for the Nobel Prize in Economics since 2016. His recent research interests include FinTech, Blockchain economics, corporate bankruptcy, dividend policy, corporate governance, top-management compensation, institutions and innovation. He has published over 110 research articles and mentored over 106 doctoral students.
Dr. Tirthankar Patnaik
Chief Economist, National Stock Exchange of India Limited
Dr. Tirthankar Patnaik is Chief Economist at the National Stock Exchange of India. He has over two decades of experience in the Indian capital markets, academic research, credit research in macro and sector strategy, quantitative finance and consumer banking. He started his career as a researcher at the Indira Gandhi Institute of Development Research (IGIDR) and worked on a number of academic and corporate projects in econometrics and quantitative finance, followed by a stint in consumer banking analytics as an analyst with the Global Consumer Group of Citibank in India and Europe. His next focus area was equity strategy for institutional clients, initially with Citigroup Global Markets as India equity strategist, and then with Religare Capital Markets Ltd, as the India Strategist and Chief Economist. In his last assignment prior to joining NSE, he was the Chief Strategist and Head of Research for India, at Japan-based Mizuho Bank.
17:45 to 17:50 |
Introductory Remarks by Dr. Tirthankar Patnaik, Chief Economist, NSE |
17:50 to 17:55 |
Welcome Address by Mr. Ashish Chauhan, MD & CEO, NSE |
17:55 to 18:00 |
Special Address by Prof. Kose John, Charles William Gerstenberg Professor of Banking and Finance, NYU Stern School of Business |
18:00 to 19:20 |
Keynote Address by Dr. Viral Acharya, Former Deputy Governor of RBI and C.V. Starr Professor of Economics, NYU Stern School of Business on “Rising Market Power in India”, followed by a conversation between Prof. Acharya and Dr. Duvvuri Subbarao, Former Governor of RBI. |
19:20 |
Closing remarks |
Research paper presentations |
|
10:00 to 10:30 |
Presentation of Supported Paper I: Cash Transfers, Credit and Entrepreneurial Activity: Evidence from a Universal Basic Income Program
|
10:30 to 11:00 |
Discussion by Abhiroop Mukherjee, Hong Kong University of Science & Technology |
11:00 to 11:30 |
Presentation of Supported Paper II: Related Party Transaction, Family Firms and Regulation: Evidence from India
|
11:30 to 12:00 |
Discussion by Bernard Yeung, Singapore National University |
12:00 to 12:30 |
Presentation of Supported Paper III: Trading around unscheduled announcements
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12:30 to 13:00 |
Discussion by Pradeep Yadav, Oklahoma University |
13:00 to 14:00 |
Lunch |
14:00 to 15:00 |
Presentation of Policy Paper by Pradeep K. Yadav, University of Oklahoma |
15:00 to 15:30 |
Presentation of Supported Paper IV: Can Open Banking Substitute Credit Bureaus? Evidence from Fintech Loans in India
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15:30 to 16:00 |
Discussion by Larissa Schaefer, Frankfurt School of Finance & Management |
16:00 to 16:30 |
Presentation of Supported Paper V: Indian CSR Law, Corporate Innovation, and the Foreign Institutional Investors
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16:30 to 17:00 |
Discussion by Rik Sen, University of New South Wales |
17:00 |
Closing remarks |
Parallel session - For students |
|
09:00 to 10:00 |
Conversation with Prof. John Kose, Charles William Gerstenberg Professor of Banking and Finance, NYU Stern School of Business and Dr. Tirthankar Patnaik, Chief Economist, National Stock Exchange on Career Prospects in Finance and Economics |
11:00 to 12:00 |
Introduction to NSE, by Hitesh Sethia, Chief Manager, NSE |
12:00 to 13:00 |
India at 75: The way forward, by Prerna Singhvi, CFA, Senior Economist, NSE |
13:00 to 14:00 |
Lunch |
14:00 to 15:00 |
An Introduction to High-Frequency Trading by Ansh Tayal, NSE |