Epidemics of Liquidity Shortages in Interbank Markets

Financial contagion from liquidity shocks has being recently ascribed as a prominent driver of systemic risk in interbank lending markets. Building on standard compartment models used in epidemics, in this work we develop an EDB (Exposed-Distressed-Bankrupted) model for the dynamics of liquidity shocks reverberation between banks, and validate it on electronic market for interbank deposits data. We show that the interbank network was highly susceptible to liquidity contagion at the beginning of the 2007/2008 global financial crisis, and that the subsequent micro-prudential and liquidity hoarding policies adopted by banks increased the network resilience to systemic risk---yet with the undesired side effect of drying out liquidity from the market. We finally show that the individual riskiness of a bank is better captured by its network centrality than by its participation to the market, along with the currently debated concept of "too interconnected to fail"

Indagine sismica a riflessione ad alta risoluzione con sorgente vibratoria Ivi-MiniVib svolta nel comune di Piedimonte Etneo (CT) in località Presa.

Il presente lavoro ha avuto come obiettivo lo studio dettagliato della porzione superficiale (0-500 metri di profondità) della faglia Pernicana attraverso l’acquisizione e l’elaborazione di dati sismici a riflessione e rifrazione ad alta risoluzione. E’ stato acquisito un profilo sismico di 715 metri, in località Presa nel comune di Piedimonte Etneo (CT), mediante l’impiego di una sorgente sismica vibratoria ad alta risoluzione. Questo sito è stato scelto in quanto è attraversato dalla rottura superficiale indotta dalla faglia Pernicana

On entanglement Hamiltonians of an interval in massless harmonic chains

We study the continuum limit of the entanglement Hamiltonians of a block of consecutive sites in massless harmonic chains. This block is either in the chain on the infinite line or at the beginning of a chain on the semi-infinite line with Dirichlet boundary conditions imposed at its origin. The entanglement Hamiltonians of the interval predicted by conformal field theory (CFT) for the massless scalar field are obtained in the continuum limit. We also study the corresponding entanglement spectra, and the numerical results for the ratios of the gaps are compatible with the operator content of the boundary CFT of a massless scalar field with Neumann boundary conditions imposed along the boundaries introduced around the entangling points by the regularisation procedure

Circuit complexity and entanglement in many-body quantum systems

Entanglement and circuit complexity are fundamental concepts in quantum information theory which turned out to have considerable applications in various contexts ranging from many-body systems and condensed matter theory to quantum gravity and black hole physics. In order to find connections between these aspects, an insightful approach consists in comparing the complexity with some entanglement measures of a given bipartition, as for instance the Von Neumann entanglement entropy. Since, for a system in a given quantum state, the bipartite entanglement can be determined once a spatial subsystem and its complement are chosen, this comparison has to be made considering the complexity of reduced density matrices. This motivates the development of techniques for determining the circuit complexity of mixed states. In this thesis, focussing on free bosonic systems, we study the circuit complexity of mixed Gaussian states by employing the Fisher information geometry for the covariance matrices. This approach allows computing the complexity between reduced density matrices (subsystem complexity), as well as the complexity between thermal states. It also leads to a precise prescription for computing the spectrum and the basis complexity and the temporal evolution of the subsystem complexity after global and local quantum quenches. The study of the subsystem complexity of a given bipartition and a complete characterisation of its entanglement requires the detailed knowledge of the corresponding reduced density matrix, or, equivalently, of the entanglement Hamiltonian. A part of this thesis is devoted to determining the entanglement Hamiltonians in free theories. At equilibrium, we consider gapless systems, with the aim of recovering the underlying CFT results, and gapped lattice models. The evolution of entanglement Hamiltonians in quantum chains after a global quench is also studied. In addition, other entanglement quantifiers, as the entanglement spectrum and the contour for the entanglement entropies, are discussed in some of these settings. Finally, motivated by theoretical and experimental advances, we also address the issue of how the entanglement splits into the different charge sectors of a system endowed with a U(1) symmetry. We focus in particular on massive theories, either continuous or on the lattice, and we try to understand whether the entanglement equipartition, which is known to characterise gapless systems, survives away from criticality

Six-vertex model on a finite lattice: integral representations for nonlocal correlation functions

We consider the problem of calculation of correlation functions in the six-vertex model with domain wall boundary conditions. To this aim, we formulate the model as a scalar product of off-shell Bethe states, and, by applying the quantum inverse scattering method, we derive three different integral representations for these states. By suitably combining such representations, and using certain antisymmetrization relation in two sets of variables, it is possible to derive integral representations for various correlation functions. In particular, focusing on the emptiness formation probability, besides reproducing the known result, obtained by other means elsewhere, we provide a new one. By construction, the two representations differ in the number of integrations and their equivalence is related to a hierarchy of highly nontrivial identities.Comment: 42 pages, 4 figure