Eighth annual conference of The Paul Woolley Centre for the Study of Capital Market Dysfunctionality
The main themes are: - Contracts and organisational structure: What contracts should govern the agency relationship between investors and fund managers? How do contracts influence managers' investment policies? What determines the organisational structure of the fund-management industry? - Market frictions and asset prices: How do frictions such as asymmetric information, market-entry costs, or agency, impact the informational efficiency of prices? What are the implications for market liquidity and for phenomena such as excess volatility or contagion? - Allocative efficiency and the macro-economy: Frictions can generate allocative inefficiencies, such as imperfect risk sharing and misallocation of capital in the macroeconomy. How important are these inefficiencies and how can they be measured? - Policy implications: Can regulatory policies mitigate market inefficiencies? For example, can changes in contracts between investors and managers, or the introduction of new assets, generate Pareto-improvements?
|Event dates:||2015-06-04 – 2015-06-05|
|Deadline Call for Papers:||2015-03-15|
|Organizer:||Paul Woolley Centre at the London School of Economics, UK|
|Conference venue:||London, London School of Economics LSE|
|Classification:||G1 - General Financial Markets|
|Event type:||Konferenzen, Tagungen; Conferences|