Author Archives: D_Vayanos

About D_Vayanos

London School of Economics

Disastrous Policies in Greek Tertiary Education

In an article that was published in Kathimerini newspaper on Sunday 4 June 2017, Harris Dellas, Amedeo Odoni, and Dimitri Vayanos argue that the situation in Greek universities keeps getting worse, and that the main problem is not ever-diminishing resources … Continue reading

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Warrants and the subsidy to private investors–a summary

The recapitalization of Greek banks has recently been completed. Three out of the four large banks (Alpha Bank, National Bank of Greece, Piraeus Bank) managed to raise private capital exceeding 10% of their assessed capital needs. According to the rules … Continue reading

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Panel discussion on “GREXITING the economic crisis”

On March 6, 2013, a panel discussion on the Greek economic crisis took place at the London School of Economics. This was part of a broader set of events taking place during the week of March 4-8, as part of … Continue reading

Posted in Banking and finance, Economic development, Education, General, Justice, Labour market, Macroeconomics, Political economy, Press, Product market, Public finance, Public sector productivity | Leave a comment

Debt write-off as a mechanism to incentivize structural reforms

Greece’s public debt is projected to rise to 189% of GDP in 2013. This debt level is unsustainable and a write-off will be needed. Some among Greece’s foreign partners are concerned that a write-off will ease the pressure on Greek … Continue reading

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LSE event on the Greek crisis and its possible resolutions

On 11 September 2012 a discussion took place at the London School of Economics about the Greek crisis. The first part of the discussion focused on (a) what should be the long-term “vision” for Greek economy and society, and (b) … Continue reading

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Lets take the deal and reform: we can only gain from this

In two articles published in Kathimerini on 12 February 2012, (a) Costas Meghir and (b) Michael Haliassos, Yannis Ioannides and Dimitri Vayanos argue that the incentives for the Eurozone to bail out Greece are waning as Italy is being shored … Continue reading

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The recapitalization of Greek banks

Because of the impending haircut on Greek government bonds, and of the large fraction of non-performing loans, Greek banks are likely to be insolvent on aggregate. Calls for increased state ownership of the banking system as a long-run solution to … Continue reading

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White Paper: “Greece: The way forward”

On 14-15 October 2011, a group of senior policy makers, practitioners and academics met at the London Business School to exchange views on the reforms that Greece should undertake to exit the crisis. The discussion focused mainly on four areas: … Continue reading

Posted in Banking and finance, Healthcare, Justice, Public finance, Public sector productivity | 9 Comments

A viable architecture for the Eurozone

In an article titled “A viable architecture for the Eurozone” and published in Kathimerini on 25 September 2011, Dimitri Vayanos argues that while Greece’s economic crisis is due to a large extent to deep structural problems within the Greek economy, … Continue reading

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An institutional bailout plan for Greece

Greece’s bailout plan is failing to meet some of its key objectives. This article argues that the ECB/EU/IMF “troika” should be wary of focusing on short-term goals, such as monthly tax revenues and privatization proceeds, and instead strive for an … Continue reading

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