About this Fellow
Dimitri Vayanos is Professor of Finance at the London School of Economics, where he also heads the Department of Finance and directs the Paul Woolley Centre for the Study of Capital Market Dysfunctionality. He received his undergraduate degree from Ecole Polytechnique in Paris and his PhD from MIT. Prior to joining the LSE, he was faculty member at Stanford and MIT. His research, published in leading economics and finance journals, such as the Journal of Finance, the Journal of Financial Economics, the Quarterly Journal of Economics, the Review of Economic Studies, and the Review of Financial Studies, focuses on financial markets, and especially on what drives market liquidity, why asset prices can differ from assets' fundamental values, why bubbles and crises can occur, and what are appropriate regulatory and policy responses. He is a Fellow of the British Academy, a Research Fellow at CEPR and a former Director of its Financial Economics program, a Research Associate at NBER, a former Director of the American Finance Association, and a former Managing Editor of the Review of Economic Studies.
- Professor of Finance, London School of Economics
The economic development of Africa; the causes of state fragility and implications for public policy; the management of natural resources; the management of urbanization
Financial Economics; corporate finance, asset pricing, financial innovation, comparative financial systems, financial crises, and financial regulation
Labour Economics (inequality, wage structures, minimum wages; peer effects); the Economics of Migration; the Economics of Education; the Economics of Crime; Population Economics
Economics of business: theories of entrepreneurship and international business, with historical applications to medieval towns and industries, Victorian railways and twentieth-century multinational firms