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Professor Dimitri Vayanos FBA

Financial markets; liquidity and market imperfections; bubbles and crashes; asset management; interest rates; government debt policy; financial regulation; behavioural economics and finance; organizations
Professor Dimitri Vayanos FBA profile picture

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.



Current post

  • Professor of Finance, London School of Economics


Transaction Costs and Asset Prices: A Dynamic Equilibrium Model Review of Financial Studies 1998, 11, 1-58


Strategic Trading and Welfare in a Dynamic Market Review of Economic Studies 1999, 66, 219-254


Equilibrium and Welfare in Markets with Financially Constrained Arbitrageurs Journal of Financial Economics 2002, 66, 361-407


Persuasion Bias, Social Influence, and Uni-Dimensional Opinions Quarterly Journal of Economics 2003, 118, 909-968


An Institutional Theory of Momentum and Reversal Review of Financial Studies 2013, 26, 1087-1145


Bond Supply and Excess Bond Returns Review of Financial Studies 2014, 27, 663-713


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Financial Economics; corporate finance, asset pricing, financial innovation, comparative financial systems, financial crises, and financial regulation

Professor Christian Dustmann

Labour Economics (inequality, wage structures, minimum wages; peer effects); the Economics of Migration; the Economics of Education; the Economics of Crime; Population Economics

Professor Mark Casson

Economics of business: theories of entrepreneurship and international business, with historical applications to medieval towns and industries, Victorian railways and twentieth-century multinational firms

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