Dimitri is a non-remunerated Director of Ricardo Research, with the role of overseeing the academic and technical content of the intellectual capital developed by the firm.

Dimitri is Professor of Finance at the London School of Economics, where he also directs the Paul Woolley Centre for the Study of Capital Market Dysfunctionality. He is a Fellow of the British Academy; a Director and former Managing Editor of the Review of Economic Studies; a Research Fellow at the Centre for Economic Policy Research and a former Director of its Financial Economics program; a Research Associate at the National Bureau of Economic Research; and a former Director of the American Finance Association.

His research, published in leading economics and finance journals, focuses on financial markets, and especially on what drives market liquidity, why asset prices can differ from fundamental value, why bubbles and crises can occur, and what are appropriate regulatory and policy responses. He is a former editor of the blog Greek Economists for Reform, one of the editors of the book “Beyond Austerity: Reforming the Greek Economy”, and one of the authors of the European Safe Bonds (ESBies) proposal.

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A model of imperfection

Mainstream finance theory offers an idealised view of how financial markets work and, as a result, fails to provide practitioners with a useful basis for decision-making. By studying the effects of delegation from asset owners to asset managers, we develop a more realistic and useful understanding of financial markets and point towards actions that would improve outcomes for savers and wider society.

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Long-term investors using short-term strategies

Large institutional investors who claim to invest with a long horizon and who wish to be seen as champions of a socially responsible form of capitalism, may in fact be contributing to dysfunctional capital markets in which short-termism dominates long-term thinking.

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