We understand the financial system as a tightly coupled complex system. For managing systemic risks of this system, a sufficiently thorough understanding of contagion in financial networks is key. Likewise, for governing systemic risks, we need to better understand how alternative design paradigms for and underlying technologies of the financial system effect contagion, i.e. whether specific design schemes and technologies rather favor or hinder contagion. 

Accordingly, we have organized our workshop into three topics.

  • We shall start with looking into alternative design paradigms for the financial system, drawing on insights from systems science and economic history.
  • We shall continue by discussing cutting edge science concerning financial network modeling
  • The third topic is devoted to trade analysis and to the study of new transaction procedures and their potential impact on the architecture of the financial system. 

This workshop is set to contribute to the ongoing discussion of the role of financial institutions, regulatory authorities, and the nation states when it comes to safeguarding the financial system.


Workshop Information

  • Programme SpeakersPresentations Sunday November 27  09.30 -10.00 REGISTRATIONSession 1: Alternative designs for the international financial system  10.00 -11.30 DESIGN PARADIGMS John Kay (LSE): Robust and resilient finance.Viktoria Chick (UCL): Keynes, a systemic thinker before systems theory. Moderator Carlo Jaeger  11.30-13.00             EUROPEAN PAYMENTS UNION Luca Fantacci (Bocconi University): The example of the European Payment Union.Geoff Tily (Trades Union Congress):  The evolution towards multilateral clearing.  Moderator Armin Haas  13.00-14.00         LUNCH  14.00-15.30                CHINESE RISK GOVERNANCE Yu Yongding (IWEP): China's exchange rate policy.Carlo Jaeger (Global Climate Forum-Beijing Normal University): China's stock market and Keynes' beauty contest. Moderator Stefano Battiston  15.30-16.00     COFFEE ...
    Posted Dec 21, 2017, 7:04 AM by Paolo Barucca
  • Speakers   Tomaso ASTE is professor of complexity science at UCL Computer Science Department. A trained Physicist,  has substantially contributed to research in complex systems modeling and complex data analytics. He is an expert in the application of Blockchain Technologies to domains beyond digital currencies. He is Scientific Director of the UCL Centre for Blockchain Technologies; Head of the Financial Computing and Analytics Group; Programme Director of the MSc in Financial Risk Management; Vice-Director of the Centre for doctoral Training in Financial Computing & Analytics; Member of the Board of the ESRC LSE-UCL Systemic Risk Centre. Prior to UCL he hold positions in UK and Australia.   Marco BARDOSCIA is a theoretical physicist. He got his Ph.D. at the University of ...
    Posted Nov 25, 2016, 8:02 AM by Paolo Barucca
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Scientific Projects

  • CoeGSS    The new Centre of Excellence Global Systems Science – CoeGSS – provides advanced decision-support to address global challenges. It brings together the power of high-performance computing and some of the ...
    Posted Sep 2, 2016, 1:30 AM by Guido Caldarelli
  • SIMPOL   SIMPOL http://www.simpolproject.eu wants to 1. Develop new-generation models of financial networks incorporating complex financial instruments that are prone to generate unforeseen systemic effect 2. Provide new ...
    Posted Sep 2, 2016, 1:29 AM by Guido Caldarelli
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Papers and Documents

  • The Price of Complexity The Price of Complexity in Financial Networks, S. Battiston, G. Caldarelli, R. May, T. Roukny, J.E. Stiglitz PNAS doi:10.1073/pnas.152157311Financial institutions form multi-layer networks ...
    Posted Sep 2, 2016, 1:43 AM by Guido Caldarelli
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