Paul Woolley Center for the Study of Capital Market Dysfunctionality


This is an exciting center that has been established within the Financial Markets Group, with the generous support of Paul Woolley, the former Chairman of GMO Europe. Paul is involved in the center's research and I am the center's director.

Research at the center 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 emphasizes the role of financial institutions (e.g. investment banks, mutual, hedge, and pension funds) in influencing prices and allocations. The main themes are:


Website of the Paul Woolley Center

Research agenda of the Paul Woolley Center

First Annual Conference of the Paul Woolley Center

Second Annual Conference of the Paul Woolley Center

Third Annual Conference of the Paul Woolley Center

Fourth Annual Conference of the Paul Woolley Center

Fifth Annual Conference of the Paul Woolley Center

Sixth Annual Conference of the Paul Woolley Center

Seventh Annual Conference of the Paul Woolley Center

Eighth Annual Conference of the Paul Woolley Center

Ninth Annual Conference of the Paul Woolley Center


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