The Eleventh Annual Conference of the Paul Woolley Centre for the Study of Capital Market Dysfunctionality in collaboration with the Bank for International Settlements took place at the London School of Economics on 7-8 June 2018.
Research at the Paul Woolley Centre aims at understanding the workings of capital markets and the social efficiency of allocations these markets achieve, with an emphasis on the role of financial institutions in influencing prices and allocations.
The annual Paul Woolley Centre Conference provides an excellent opportunity to disseminate research and stimulate new ideas by bringing together leading researchers working on the broad themes of contracts and organisational structure, market frictions and asset prices, allocative efficiency and the macro-economy, and policy implications.
This year’s conference was held in collaboration with the Bank for International Settlements (BIS). The “BIS session” on Liquidity and Market Functioning, explored questions such as (a) how do market and funding liquidity interact, (b) whether there are anomalies that may impair the proper functioning of markets and pose risks to financial stability, and (c) what drives the risk taking of institutional investors, all of which intersect with the Centre’s research agenda, with special emphasis on the policy angles.
The programme can be downloaded here.
Slides and papers are available for download.
Georgy Chabakauri (LSE), Thummim Cho (LSE), Benjamin Cohen (BIS), Amil Dasgupta (LSE), Peter Kondor (LSE), Dong Lou (LSE), Igor Makarov (LSE), Martin Oehmke (LSE), Gianpaolo Parise (BIS), Christopher Polk (LSE), Hyun Song Shin (BIS), Dimitri Vayanos (LSE), Michela Verardo (LSE), Kathy Yuan (LSE).
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