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

 

Join our mailing list|

 

Director
Dimitri Vayanos

 

Administrative contact
Angie Brown 

Tel:  +44 (0)207 852 3502
Fax: +44 (0)207 852 3580

Email: cmdcentre.fmg@lse.ac.uk|

Working papers

2011

  • The Wall Street Walk when Blockholders Compete for Flows [PDF]
    Amil Dasgupta, Giorgia Piacentino
    The Paul Woolley Centre Paper Series No 28,
    FMG Discussion Paper 692, October 2011

    This discussion paper won a Paul Woolley Centre discussion paper prize.
  • Delegated Activism and Disclosure [PDF]
    Amil Dasgupta, Konstantinos Zachariadis
    The Paul Woolley Centre Paper Series No 27,
    FMG Discussion Paper 689, July 2011

    This discussion paper won a Paul Woolley Centre discussion paper prize.
  • CDS Auctions [PDF]
    Mikhail Chernov, Alexander S. Gorbenko, Igor Makarov
    The Paul Woolley Centre Paper Series No 26,
    FMG Discussion Paper 688, July 2011
  • Anticipated and Repeated Shocks in Liquid Markets [PDF]
    Dong Lou, Hongjun Yan, Jinfan Zhang
    The Paul Woolley Centre Paper Series No 25,
    FMG Discussion Paper 684, June 2011

    This discussion paper won a Paul Woolley Centre discussion paper prize.
  • Complicated Firms[PDF]
    Lauren Cohen, Dong Lou
    The Paul Woolley Centre Paper Series No 24,
    FMG Discussion Paper 683, June 2011

    This discussion paper won a Paul Woolley Centre discussion paper prize.
  • Dynamic Hedging in Incomplete Markets: A Simple Solution [PDF]
    by Suleyman Basak, Georgy Chabakauri
    The Paul Woolley Centre Paper Series No 23,
    FMG Discussion Paper 680, May 2011
  • Preferred-Habitat Investors and the US Term Structure
    of Real Rates
     [PDF]
    by Iryna Kaminska, Dimitri Vayanos, Gabriele Zinna
    The Paul Woolley Centre Working Paper Series No 22,
    FMG Discussion Paper 674, March 2011
  • Trading and Voting in Distressed Firms [PDF]
    by Ioan F. Olaru & Konstantinos E. Zachariadis
    The Paul Woolley Centre Working Paper Series No 21,
    FMG Discussion Paper 672, February 2011
    This is a revised version of Working Paper Series No 12
    FMG Discussion Paper No 656
  • Trading Frenzies and Their Impact on Real Investment [PDF]
    by Itay Goldstein, Emre Ozdenoren & Kathy Yuan
    The Paul Woolley Centre Working Paper Series No 20,
    FMG Discussion Paper 670, February 2011
    This discussion paper won a Paul Woolley Centre discussion paper prize.
  • Bond Market Clienteles, the Yield Curve and the
    Optimal Maturity Structure of Government Debt [PDF]
    by Stéphane Guibaud, Yves Nosbusch & Dimitri Vayanos
    The Paul Woolley Centre Working Paper Series No 19,
    FMG Discussion Paper 669, February 2011
  • Fund Flows and Asset Prices: A Baseline Model [PDF]
    by Dimitri Vayanos & Paul Woolley
    The Paul Woolley Centre Working Paper Series No 18,
    FMG Discussion Paper 667, January 2011
    This is a revised version of Working Paper Series No 15
    FMG Discussion Paper No 662
  • An Institutional Theory of Momentum and Reversal [PDF]
    by Dimitri Vayanos & Paul Woolley
    The Paul Woolley Centre Working Paper Series No 17,
    FMG Discussion Paper 666, January 2011
    This is a revised version of Working Paper Series No 2
    FMG Discussion Paper No 621
  • Balance Sheet Capacity and Endogenous Risk* [PDF]
    by Jon Danielsson, Hyun Song Shin & Jean-Pierre Zigrand
    The Paul Woolley Centre Working Paper Series No 16,
    FMG Discussion Paper 665, January 2011 
  • Fund Flows and Asset Prices: A Baseline Model
    by Dimitri Vayanos and Paul Woolley
    The Paul Woolley Centre Working Paper Series No 15,
    FMG Discussion Paper 662, December 2010 
    This paper is no longer available, the revised version of this
    paper can be found above as Working Paper Series No 18
    FMG Discussion Paper No 667, January 2011

2010

  • Institutional Trade Persistence and Long-term Equity Returns [PDF]
    by Amis Dasgupta, Andrea Prat & Michela Verardo
    The Paul Woolley Centre Working Paper Series No 14,
    FMG Discussion Paper 661, November 2010
  • Innovations, rents and risk [PDF]
    by Bruno Biais, Jean-Charles Rochet & Paul Woolley
    The Paul Woolley Centre Working Paper Series No 13,
    FMG Discussion Paper 659, September 2010 
  • Trading and Voting in Distressed Firms
    by Ioan Olaru and Konstantinos Zachariadis
    The Paul Woolley Centre Working Paper Series No 12,
    FMG Discussion Paper 656, June 2010
    This paper is no longer available, the revised version of this
    paper can be found above as Working Paper Series No 21
    FMG Discussion Paper No 672, February 2011
  • The Price Impact of Institutional Herding [PDF]
    by Amil Dasgupta, Andrea Prat and Michela Verardo
    The Paul Woolley Centre Working Paper Series No 11,
    FMG Discussion Paper 652, April 2010
  • Connected Stocks [PDF]
    by Miguel Antón and Christopher Polk
    The Paul Woolley Centre Working Paper Series No 10,
    FMG Discussion Paper 651, March 2010
  • Limits of Arbitrage: The State of the Theory [PDF]
    by Denis Gromb, Dimitri Vayanos
    The Paul Woolley Centre Working Paper Series No 9,
    FMG Discussion Paper 650, March 2010

2009

2008

  • An Institutional Theory of Momentum and Reversal
    by Dimitri Vayanos & Paul Woolley
    The Paul Woolley Centre Working Paper Series No 2,
    FMG Discussion Paper 621, November 2008 
    This paper is no longer available, the revised version of this
    paper can be found above as Working Paper Series No 17
    FMG Discussion Paper No 666, January 2011
  • Bond Supply and Excess Bond Returns [PDF]
    by Robin Greenwood & Dimitri Vayanos
    The Paul Woolley Centre Working Paper Series No 1,
    FMG Discussion Paper 607, April 2008

 

Paul Woolley Centre for the Study of Capital Market Dysfunctionality