Amit Seru is the Steven and Roberta Denning Professor of Finance at the Stanford Graduate School of Business, a Senior Fellow at the Hoover Institution and Stanford Institute for Economic Policy Research (SIEPR), and a Research Associate at the National Bureau of Economic Research (NBER). He was formerly a faculty member at the University of Chicago’s Booth School of Business. Professor Seru’s primary research interest is in corporate finance. He is interested in issues related to financial intermediation and regulation, interaction of internal organization of firms with financing and investment, and incentive provision in firms. His papers in these areas have been published in several journals, including, the American Economic Review, the Quarterly Journal of Economics, the Journal of Political Economy, the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies. He is a co-editor of the Journal of Finance and an Associate Editor of the Journal of Political Economy. He was previously Editor of Review of Corporate Finance Studies and a Department Editor (Finance) of Management Science. His research has been featured in major media, including the Wall Street Journal, the New York Times, the Financial Times and the Economist. Seru earned a B.E. in electronics and communication and an MBA from the University of Delhi. Subsequently, he received a PhD in finance from the University of Michigan before. He was a senior consultant at Accenture before pursuing his Ph.D. Seru was the recipient of a Rackham Pre-Doctoral Fellowship at University of Michigan and received a Lt. Governor’s gold medal for overall academic excellence at the University of Delhi.
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"We have to be careful in how we unwind this forbearance overhang. We have the data, and policy makers need to get on how they would design such a policy. The issue of renegotiation with borrowers is difficult; it requires customization to each consumer’s situation, which requires data and can take weeks or months to design. In the meantime, many consumers could find themselves locked out of their houses. A chain of delinquencies could quickly emerge.â€
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