Dimitri Vayanos

Governments around the world are assisting firms to deal with the adverse effects of Covid-19. Most forms of government assistance provided so far...

Journal of Finance, 74 (3), 1139-1173.

Journal of Finance, 74 (1), 371-399.

Journal of Finance, 74 (4), 1713-1750. 

Financial Times

We develop a model in which financially constrained arbitrageurs exploit price discrepancies across segmented markets. We show that the dynamics of...

We present a model of a financial market where some traders are “cursed” when investing in a risky asset, failing to fully appreciate what prices...

American Economic Review, 106(5): 508-12