Biography
Year of Entry: 2019, Full-Time
Supervisors: Professor Gulcin Ozkan and Dr Leone Leonida
Working Title of Thesis: "Prediction of Systematic Banking Crisis"
Academic Qualifications:
- BSc Economics and Management (King's College London)
- MSc Economics (University of Warwick)
Mike's research interest is around modelling and predicting systematic banking crisis with the element of asymmetric information where possible. Asymmetric information played an important role in the 1997 Asian financial crisis and the 2008 global financial crisis, resulting in crony capitalism and subprime crisis.
This asymmetric information can be caused by a lack of understanding of new financial products, therefore allowing advantageous market participants to feed fake information to the market. This imposes serious question on whether the free market system still gives the best possible economic outcome to the society as a whole.
Therefore, necessary regulations need to be designed so that no one party can exploit such a gap in information.