12th Annual Conference – The Paul Woolley Centre for the Study of Capital Market Dysfunctionality

The twelfth annual conference of the Paul Woolley Centre for the Study of Capital Market Dysfunctionality in collaboration with the Bank for International Settlements (BIS) will take place at the London School of Economics on 6-7 June 2019.

Research at the Centre aims at understanding the workings of capital markets and the social efficiency of allocations these markets achieve. The research departs from the Arrow-Debreu view of frictionless markets, and emphasises the role of financial intermediaries (e.g. investment banks, mutual, hedge, and pension funds) in influencing prices and allocations. The main themes are (i) contracts between financial intermediaries and end-investors as well as within intermediaries, (ii) effects of frictions such as asymmetric information and agency on prices, (iii) effects of frictions on the allocation of capital in the economy, and (iv) policy responses to alleviate adverse effects of frictions.

The Paul Woolley Centre holds a conference each year based on these broad themes as well as related research questions. The goal is to bring together researchers working on such questions, disseminate their research, and stimulate the development of new ideas. Both empirical and theoretical papers are welcome.

Expenses: Travel (economy class round-trip) and accommodation expenses will be covered for presenters and discussants.

Submission: Please submit your paper by completing the form below. If you have any questions about the submission procedure, please email fmg.vayanos@lse.ac.uk.

Deadline: The deadline for the submission of papers is Friday, 15 March 2019.The authors of selected papers will be informed by the end of March 2019.