Author Archives: D_Vayanos

About D_Vayanos

London School of Economics

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

Posted in Banking and finance, Europe, Macroeconomics | Leave a comment

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

Posted in Banking and finance | 1 Comment

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

Posted in Banking and finance, Europe, Public finance | Leave a comment

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

Posted in Banking and finance, Justice, Public sector productivity | Leave a comment

Talk at the Economist conference: “Getting Greece back on track: how?”

In an invited talk at the 15th Economist Roundtable with the Government of Greece, Michael Haliassos and Dimitri Vayanos argued that the solution to the economic crisis in Greece lies in a series of deep reforms that will raise productivity. … Continue reading

Posted in Banking and finance, Justice, Labour market, Product market, Public sector productivity | 2 Comments

Reform and restructuring

In an article titled “Reform and Restructuring” and published in Kathimerini on 9 May 2011, Costas Meghir, Dimitri Vayanos and Nikos Vettas argue that while reforms are necessary and key to Greece’s economic recovery, they should be accompanied by forgiveness … Continue reading

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Firm-level agreements are the right solution

Labor agreements reached at the level of individual firms are feasible in Greece only if they improve the terms that country- and industry-level agreements offer to workers. The memorandum between Greece and EU/IMF requires changing this system towards one where … Continue reading

Posted in Labour market | 9 Comments

Financial Times article: “Greek reforms can yet stave off default”

This article, written by Costas Meghir, Dimitri Vayanos and Nikos Vettas, argues that default can be avoided through an ambitious and feasible program of reforms. A more in-depth analysis of these reforms is in our article “The economic crisis in … Continue reading

Posted in Press | Tagged | 4 Comments

The economic crisis in Greece: a time of reform and opportunity

This article explains the causes of the Greek crisis, as well as the key reforms that are needed to get Greece out of the crisis and make it prosperous. Reforms are on two main fronts: those designed to improve the … Continue reading

Posted in Education, Healthcare, Labour market, Pensions, Product market, Public finance, Public sector productivity | Tagged | 20 Comments