Michelangelo Puliga

Michelangelo Puliga

Italia
1767 follower Oltre 500 collegamenti

Informazioni

I love not having a comfort zone, challenging myself with non conventional positions. But…

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Attività

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Esperienza

  • Grafico Bflows Srl

    Bflows Srl

    Cagliari, Sardinia, Italy

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    Paris, Île-de-France, France

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    San Francisco Bay Area

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    Londra, Regno Unito

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    New York City Metropolitan Area

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    New York, United States

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    Milano e Cagliari

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    Lucca/Cagliari

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    Lucca

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    Zurich, Switzerland

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Formazione

  • Phd civil Engineering, university of Cagliari, Italy

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    Attività e associazioni:Research on Extreme Events of precipitation in Sardinia, model tuning of extreme statistics

    During my Phd I've created a software to analyze and download large quantities of climatic data above watersheds for an European project CLIMB and I've developed methods for Extreme events statistics in Hydrology.

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    Attività e associazioni:Research in climatic models, data extraction and hydrological model validation

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    Computational molecular dynamics, simulation of a Copper Crystal using Lennard Jones potentials and finite state equations.

Licenze e certificazioni

Pubblicazioni

  • DebtRank: Too Central to Fail? Financial Networks, the FED and Systemic Risk

    NATURE Sci. Rep.

    Systemic risk, here meant as the risk of default of a large portion of the financial system, depends on the network of financial exposures among institutions. However, there is no widely accepted methodology to determine the systemically important nodes in a network. To fill this gap, we introduce, DebtRank, a novel measure of systemic impact inspired by feedback-centrality. As an application, we analyse a new and unique dataset on the USD 1.2 trillion FED emergency loans program to global…

    Systemic risk, here meant as the risk of default of a large portion of the financial system, depends on the network of financial exposures among institutions. However, there is no widely accepted methodology to determine the systemically important nodes in a network. To fill this gap, we introduce, DebtRank, a novel measure of systemic impact inspired by feedback-centrality. As an application, we analyse a new and unique dataset on the USD 1.2 trillion FED emergency loans program to global financial institutions during 2008–2010. We find that a group of 22 institutions, which received most of the funds, form a strongly connected graph where each of the nodes becomes systemically important at the peak of the crisis. Moreover, a systemic default could have been triggered even by small dispersed shocks. The results suggest that the debate on too-big-to-fail institutions should include the even more serious issue of too-central-to-fail.

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