FOC-CRISIS School on Complex Financial Networks
October 24-27 2012, IMT Lucca
Aims and Scope
Today’s economies and the future of the EU zone largely depends on the dynamics of financial systems which appear as an intertwined plexus of institutions, markets and intermediaries.
The school aims at providing the participants with the latest know-how to understand and analyse the complexity of today’s financial networks. In particular, the school bridges the complex networks science with finance and economics.
Target Audience and Format
Lectures are organized in two levels:
Introductory lectures provide the basics of network analysis and modeling, as well as basics of financial networks
Advanced lectures are conceived as PhD-level classes on specialized topics with exercises and group work.
The school is targeted to:
PhD students in Economics, Natural Sciences and Engineering
Researchers at policy making institutions
The format of the school allows participants to choose a combination of introductory lectures and selected advanced lectures according to their own interest and level.
Topics and Speakers
The functioning of the Banking System from a Network Perspective
Giovanni Di Iasio - Bank of Italy
Marco Galbiati - European Central Bank
Co-Pierre Georg - Deutsche BundesBank
Emergence of systemic risk in financial networks:
Distress propagations and default cascades: Stefano Battiston, ETH Zurich
Guido Caldarelli, IMT, Lucca
From time series to financial networks:
David Veredas - Univ. Libre de Bruxelles
Guido Caldarelli, IMT, Lucca
Fabrizio Lillo, Scuola Normale superiore Pisa
Techniques in agent-based modeling of financial networks:
Domenico Delli Gatti - Catholic Univ, Milan
Mauro Gallegati - Univ. Polit. of Marche
Jean-Philippe Bouchaud - Science et Finance, Paris
Data Mining of Financial Data:
Tomislav Smuc - IRB, Zagreb
Igor Mozetic - JSF Liubljiana
Data, Text Mining and Stream Mining Tomislav Smuc (IRB, Zagreb); Igor Mozetic and Miha Grcar (JSI Liubljiana)
Analysing financial networks: FOC Python library and datasets; Michelangelo Puliga (ETH Zurich)
Tutorial on the CRISIS-MASON framework László Gulyás (AITIA, Budapest)
Lectures are organized in two levels and cover three areas
- Basics on banking systems, interbank markets and payment systems
- Basics on complex networks analysis
- Basics on multi-agent modeling of financial networks
- Advanced topics on empirical analysis of financial networks
- Advanced topics on financial contagion in networks
- Advanced topics on multi-agent models of financial networks
- Advanced topics on web data mining of financial information
- Tutorials on computational aspects of financial network analysis
The schedule of the lectures is 9:00-13:00 and 14:30-16:30 every day from Wednesday to Saturday.
Lectures: October 24-27
Arrival is recommended on October 23.
Deadline: Applications should arrive before September 30.
Notification: October 3
The school will take place in facilities of IMT Lucca (see school website).
The facilities include a guest house, cafeteria and wifi connection. Social events will include sight-seeing in the beautiful town of Lucca.
Admission and registration
Fill the form available HERE
For further information write an email to
• 250 € including accommodation for 5 nights and participation to the school.
Stefano Battiston, ETH Zurich,
Guido Caldarelli, IMT Lucca
Domenico Delli Gatti, Catholic Univ of Milan
Doyne Farmer, Univ of Oxford
Marco Santarelli, Fondazione Panta Rei