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FINEXUS: Center for Financial Networks and Sustainability

Lake Como School 2018 - Complex Networks: Theory, Methods, and Applications

The school “Complex Networks: Theory, Methods, and Applications” offers a succinct education in network science. It is open to all aspiring scholars in any area of science or engineering who wish to study networks of any kind (whether theoretical or applied), and it is especially addressed to doctoral students and young postdoctoral scholars.

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DEADLINE FOR APPLICATION: FEBRUARY 18TH 2018

World-renouned experts in complex networks lecturing at the School:

  • ALBERT-LASZLO BARABASI, Northeastern University and Harvard University
  • STEFANO BATTISTON, University of Zurich
  • ULRIK BRANDES, ETH Zurich
  • VITTORIA COLIZZA, Inserm & Université Pierre et Marie Curie and ISI Foundation
  • PUCK ROMBACH, University of Vermont
  • ALESSANDRO VESPIGNANI, Northeastern University

 

Syllabus of the Lecture by Prof. Battiston on Contagion in Financial Networks. Ten years after the 2008 global financial crisis it is now widely accepted that the financial system is best described as a complex network. Yet, differently for other domains of complex networks, economic agents make decisions based on their own expectations on the future, including being rescued if they become interconnected enough to be considered systemically important. For these reasons, the endogenous dynamics of systemic risk in the financial system is far from being fully understood from a scientific perspective, and it is currently not adequately addressed by policy. Throughout this lecture, students will learn the main theoretical notions to understand network models of financial contagion. During the practical exercises with provided software tools, the students will also have the opportunity to carry out simple stress-test exercises on real financial networks. 

 

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