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Arvind Krishnamurthy

Arvind Krishnamurthy

Faculty Affiliate
Stanford King Center on Global Development
John S. Osterweis Professor of Finance
Stanford Graduate School of Business (GSB)
PhD, Financial Economics, Massachusetts Institute of Technology, 1998
BS, Economics, BSE, Electrical Engineering, University of Pennsylvania, 1990


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. He formerly taught at the Kellogg School of Management (1998-2014).

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. He has also conducted extensive research on liquidity effects in the US Treasury bond market and the mortgage-backed securities market.

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. He has written extensively on the causes and consequences of financial crises, and is a leading scholar on the global financial crisis that began in 2007. Krishnamurthy’s research on financial crises and monetary policy has received national media coverage and been cited by central banks around the world. He did his undergraduate studies at the University of Pennsylvania and his doctoral work at the Massachusetts Institute of Technology.

Research Interests: 
Finance, Macroeconomics, Monetary Policy