Vayanos, Dimitri


Professor Dimitri Vayanos  

Department

Position held

Department of Finance

Professor of Finance

Experience keywords:

market dysfunctionality; financial markets; liquidity and frictions; limits of arbitrage

Research summary > [Click to expand]

Dimitri Vayanos is Professor of Finance at the London School of Economics. He received his undergraduate degree from Ecole Polytechique in Paris and his PhD from MIT in 1993. Prior to joining the LSE, he was faculty member at Stanford and MIT.

Vayanos has published in a number of leading finance and economics journals on topics such as: liquidity and asset pricing, delegated portfolio management, information in markets and organizations, market microstructure, and behavioral economics. He is the Director of LSE’s Paul Woolley Centre for the Study of Capital Market Dysfunctionality, the Director of the CEPR Financial Economics program, a Research Associate at NBER, and current or past Associate Editor in a number of journals including the Review of Financial Studies and the Review of Economic Studies.

Languages:

Greek [Spoken: Fluent, Written: Fluent]; French [Spoken: Fluent, Written: Fluent]

Media experience:

Has written for mainstream pressRadio

Contact Points

LSE phone number:

+44 (0)207 955 6382

Publications

The following references are sourced from LSE Research Online|. References that are linked lead to the full text.

2012

Vayanos, Dimitri (2012) Theories of liquidity. Foundations and trends in finance, 6 (4). pp. 221-317. ISSN 1567-2395

Vayanos, Dimitri and Wang, Jiang (2012) Liquidity and asset returns under asymmetric information and imperfect competition. Review of financial studies, 25 (5). pp. 1339-1365. ISSN 0893-9454

2010

Gromb, Denis and Vayanos, Dimitri (2010) Limits of arbitrage. Annual review of financial economics, 2 pp. 251-275. ISSN 1941-1367

Vayanos, Dimitri and Woolley, Paul (2010) Fund flows and asset prices: a baseline model. Department of Finance, London School of Economics and Political Science, London, UK

Guibaud, Stéphane and Nosbusch, Yves and Vayanos, Dimitri (2010) Bond market clienteles, the yield curve and the optimal maturity structure of government debt.. Department of Finance, London School of Economics and Political Science, London, UK

Greenwood, Robin and Vayanos, Dimitri (2010) Price pressure in the government bond market. American economic review, 100 (2). pp. 585-590. ISSN 0002-8282

Gromb, Denis and Vayanos, Dimitri (2010) A model of financial market liquidity based on intermediary capital. Journal of the European Economic Association, 8 (2-3). pp. 456-466. ISSN 1542-4774

Rabin, Matthew and Vayanos, Dimitri (2010) The gambler's and hot-hand fallacies: theory and applications. Review of economic studies, 77 (2). pp. 730-778. ISSN 0034-6527

2009

Gromb, Denis and Vayanos, Dimitri (2009) Financially constrained arbitrage and cross-market contagion. Department of Finance, London School of Economics and Political Science, London, UK

Vayanos, Dimitri and Wang, Jiang (2009) Liquidity and asset prices: a united framework. Discussion paper, 639. Financial Markets Group, London School of Economics and Political Science, London, UK

Vayanos, Dimitri and Vila, Jean-Luc (2009) A preferred-habitat model of the term structure of interest rates. Discussion paper, 641. Financial Markets Group, London School of Economics and Political Science, London, UK

2008

Vayanos, Dimitri and Woolley, Paul (2008) An institutional theory of momentum and reversal. Discussion paper, 621. Financial Markets Group, London School of Economics and Political Science, London, UK

Chau, Minh and Vayanos, Dimitri (2008) Strong-form efficiency with monopolistic insiders. Review of financial studies, 21 (5). pp. 2275-2306. ISSN 0893-9454

Vayanos, Dimitri and Weill, Pierre-Olivier (2008) A search-based theory of the on-the-run phenomenon. Journal of finance, 63 (3). pp. 1361-1398. ISSN 0022-1082

Greenwood, Robin and Vayanos, Dimitri (2008) Bond supply and excess bond returns. Discussion paper, 607. Financial Markets Group, London School of Economics and Political Science, London, UK

2007

Vayanos, Dimitri and Weill, Pierre-Olivier (2007) A search-based theory of the on-the-run phenomenon. Discussion paper, 577. Financial Markets Group, London School of Economics and Political Science, London, UK

Rabin, Matthew and Vayanos, Dimitri (2007) The gambler's and hot-hand fallacies: theory and applications. Discussion paper, 578. Financial Markets Group, London School of Economics and Political Science, London, UK

Vayanos, Dimitri and Wang, Tan (2007) Search and endogenous concentration of liquidity in asset markets. Journal of economic theory, 136 (1). pp. 66-104. ISSN 1095-7235

2005

Chau, Minh and Vayanos, Dimitri (2005) Strong-form efficiency with monopolistic insiders. CEPR, London School of Economics and Political Science, London, UK

Vayanos, Dimitri and Weill, Pierre-Olivier (2005) A search-based theory of the on-the-run phenomenon. American Finance Association

2004

Vayanos, Dimitri and Wang, Tan (2004) Search and endogenous concentration of liquidity in asset markets. Econometric Society 2004 North American Winter Meetings, London, UK

Vayanos, Dimitri (2004) Flight to quality, flight to liquidity, and the pricing of risk. National Bureau of Economic Research, Inc, London, UK

2003

DeMarzo, Peter M. and Vayanos, Dimitri and Zwiebel, Jeffrey (2003) Persuasion bias, social influence, and uni-dimensional opinions. Quarterly journal of economics, 118 (3). pp. 909-968. ISSN 1531-4650

Vayanos, Dimitri (2003) The decentralization of information processing in the presence of interactions. Review of economic studies, 70 (3). pp. 667-695. ISSN 1467-937X

2002

Gromb, Denis and Vayanos, Dimitri (2002) Equilibrium and welfare in markets with financially constrained arbitrageurs. Journal of financial economics, 66 (2-3). pp. 361-407. ISSN 0304-405X

2001

Vayanos, Dimitri (2001) Strategic trading in a dynamic noisy market. Journal of finance, 56 (1). pp. 131-171. ISSN 1540-6261

1999

Vayanos, Dimitri (1999) Strategic trading and welfare in a dynamic market. Review of economic studies, 66 (2). pp. 219-254. ISSN 1467-937X

Vayanos, Dimitri and Vila, Jean-Luc (1999) Equilibrium interest rate and liquidity premium with transaction costs. Economic theory, 13 (3). pp. 509-539. ISSN 1432-0479

1998

Vayanos, Dimitri (1998) Transaction costs and asset prices : a dynamic equilibrium model. Review of financial studies, 11 (1). pp. 1-58. ISSN 1465-7368

LSE Research Online is the primary resource for references to publications. For queries or updates please email the LSE Research Online team at lseresearchonline@lse.ac.uk|.

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