Mr Maximilian Dyck

(Former)

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Overview

Thesis title: "The Law and Economics of Regulating Securitisation: Basel III, Financial Stability, and the UK Housing Price Bubble"

Supervisors: Dr Vincenzo Bavoso and Dr Michael Galanis

Abstract: The thesis considers flaws in pre-crisis mainstream economics to demonstrate the failure to detect the contributions of asset securitisation to the pre-crisis UK credit boom and the housing price bubble. It is hypothesised that asset securitisation significantly accelerated the credit boom, which translated into housing markets through the securitisation of mortgages. The potential for financial instability is severe. A new macroprudential framework for regulating financial markets in light of the effects of securitisation is necessary. Analysis of Basel III in light of this macroprudential framework will determine whether new measures could have prevented the crisis.

Teaching Assistant in European Union Law

Keywords

  • Law and Economics, International Financial Services Regulation, Asset Securitisation, Financial Crisis, Housing Price Bubble, Financial Instability, Neoclassical Economics, Neoliberalism, New Classical Macroeconomics, Basel III, Capital Adequacy Requirements, Leverage Cycle, Bank Capital, Liquidity Crisis, Financial Markets, Capital Markets, Efficient Markets Hypothesis, Financial Instability Hypothesis, Financial Innovation, Financial Assets, Capital Market Assets, Monetary Policy, Macroprudential Regulation, Macroeconomic Policy, Microprudential Regulation, Financial Cycles, Basel Committee on Banking Supervision, Liquidity Coverage Ratio, Net Stable Funding Ratio, European Union Law

Education / academic qualifications

  • 2015 - Master of Laws, LLM International Business and Commercial Law, The University of Manchester (2014 - 2015)
  • 2014 - Bachelor of Laws, LLB Law Hons, University of York (2011 - 2014)
  • 2010 - International Baccalaureate Diploma, Bedford School (2008 - 2010)