How to contact us

The Paul Woolley Centre for the Study of Capital Market Dysfunctionality
Financial Markets Group
London School of Economics
Houghton Street
London WC2A 2AE, UK

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Dimitri Vayanos

Tel:  +44 (0)207 852 3502


About the Centre

The Paul Woolley Centre for the Study of Capital Market Dysfunctionality has been established at the Financial Markets Group of the London School of Economics, with the generous support of Dr Paul Woolley and under the directorship of Prof Dimitri Vayanos.

The main objective of The Paul Woolley Centre is to produce and disseminate high-quality research relating to understanding the workings of capital markets and the social efficiency of allocations achieved in these markets.

The Centre's research agenda addresses four areas in financial markets:

  • contracts and organisational structure
  • market frictions and asset prices
  • allocative efficiency and the macro-economy
  • policy implications

The Paul Woolley Centre's work programme involves a wide variety of activities, including the publication of the Paul Woolley Working Paper Series, the organisation of dedicated conferences and seminars, a visitors' programme, the Paul Woolley scholarships programme and the support of research projects.

The Paul Woolley Centre was particularly involved in supporting and contributing to The Future of Finance: The LSE Report. The authors of the report, including Dr Paul Woolley, are major international players in academia and policymaking. Dr Paul Woolley authored chapter 3 of the publication and the Centre provided financial and organisational support to publish the book, for the working groups and for the related conference.