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
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.