Photo of Arvind Krishnamurthy

Arvind Krishnamurthy

  • The John S. Osterweis Professor of Finance
  • Affiliated faculty of The Europe Center
(650) 723-1985 (voice)


Arvind Krishnamurthy is John S. Osterweis Professor of Finance at the Stanford Graduate School of Business and a Research Associate at the National Bureau of Economic Research (NBER). He formerly taught at the Kellogg School of Management (1998-2014).

Professor Krishnamurthy studies finance, macroeconomics and monetary policy. He has studied the causes and consequences of liquidity crises in emerging markets and developed economies, and the role of government policy in stabilizing crises. Recently he has been examining the importance of U.S. Treasury bonds and the dollar in the international monetary system. He has published numerous journal articles and received awards for his research, including the Smith Breeden Prize for best paper published in the Journal of Finance, the Western Finance Association Corporate Finance Award, and the Swiss Finance Institute’s Outstanding Paper Award. Professor Krishnamurthy’s research on financial crises and monetary policy has received national media coverage and been cited by central banks around the world. He was formerly an associate editor at the Journal of Finance and the American Economics Journals-Macroeconomics, and is currently associate editor at the American Economic Review. He did his undergraduate studies at the University of Pennsylvania and his doctoral work at the Massachusetts Institute of Technology.


Working Papers
June 2020

Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment

cover link Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment