Causes, Timing and Consequences of Financial Crises

Loughborough University is a top-ten rated university in England for research intensity (REF2014) and an outstanding 66% of the work of Loughborough’s academic staff who were eligible to be submitted to the REF was judged as ‘world-leading’ or ‘internationally excellent’, compared to a national average figure of 43%.

In choosing Loughborough for your research, you’ll work alongside academics who are leaders in their field. You will benefit from comprehensive support and guidance from our Graduate School, including tailored careers advice, to help you succeed in your research and future career.

Find out more: http://www.lboro.ac.uk/study/postgraduate/supporting-you/research/

Project Detail
This project intends to contribute to the understanding of the causes and, most importantly, the consequences of financial crises. It aims at pointing out suitable ways to identify the signals of economic or political “imbalances” that may lead to financial crises and put forward advices on how monetary and political authorities may recognize the “danger” coming and mitigate its consequences. Being aware of the consequences is the best way of stimulating them to be more careful in monitoring and tackling the economic and social problems in the aftermath of a financial crisis.

This project will be developed in two main stages:
(i) explore the causes and timing of financial crises and the role played by asset price booms and busts, credit booms and busts, contagion, political institutions and orientation of the government;
(ii) analyse the consequences of financial crises on the real side of the economy, in particular, on employment/unemployment and income inequality.

The empirical analysis will involve the collection of relevant data, the construction of the respective database, and the estimation of discrete choice, panel data and instrumental variables models.

Find out more:
http://www.lboro.ac.uk/departments/sbe/study/phd/

Entry requirements
Applicants should have, or expect to have a Masters degree (with average programme mark of no less than 65%) or equivalent. English Language requirement of IELTS band 7.0 or above with not less than 7.0 in each component.

Supervisors
Primary supervisor: Dr Vitor Castro
Secondary supervisor: Dr Justine Wood

Contact details
Name: Dr Vitor Castro
Email address: [Email Address Removed]

Application details
Reference number: SBE-VCJW17
Start date: 01 January 2018 or 01 April 2018
Closing date: 20 December 2017

How to apply
All applications should be made online at http://www.lboro.ac.uk/study/apply/research/. Under programme name, select Business School

Please quote reference number: SBE-VCJW17

Please upload all the supporting documents listed below:
• A curriculum vitae
• A 500 word personal statement explaining your interest in, and aptitude for, the topic of this research project. In particular we would like to learn about what qualities do you feel you can bring to the project.
• A 500 word research proposal
• 2 samples of writing such as MSc dissertation, journal or conference article, essays from your MSc degree
• Copies of your transcripts/certificates
• Two academic references.