{"id":18407,"date":"2026-09-16T09:29:17","date_gmt":"2026-09-16T08:29:17","guid":{"rendered":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/?p=18407"},"modified":"2026-09-16T09:29:22","modified_gmt":"2026-09-16T08:29:22","slug":"finance-research-seminar-professor-giorgio-fazio","status":"publish","type":"post","link":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/2026\/09\/16\/finance-research-seminar-professor-giorgio-fazio\/","title":{"rendered":"Finance Research Seminar \u2013 Professor Giorgio Fazio"},"content":{"rendered":"<p><strong>Title<\/strong>: Metastability in Financial Markets<\/p>\n<p><strong>Date<\/strong>: 30 September 2026<\/p>\n<p><strong>Time<\/strong>: 14:00 to 15:00<\/p>\n<p><strong>Venue: <\/strong>FDC.1.16<\/p>\n<p>If you would like to attend, please register using the following link<\/p>\n<p><a href=\"https:\/\/forms.cloud.microsoft\/pages\/responsepage.aspx?id=yRJQnBa2wkSpF2aBT74-hz-fP_3f-FxPhH06AeweumxUMVFBQjJSWVoyVk83M0VBTTVXR0FTTkNEUCQlQCNjPTEu&amp;route=shorturl&amp;OR=EXCEL-WEB.BODY.NT&amp;CT=1789547101651\">Metastability in Financial Markets<\/a><\/p>\n<p><strong>Speaker<\/strong><strong>: <\/strong>Professor Giorgio Fazio, Professor of Macroeconomics, NUBS<\/p>\n<p><a href=\"https:\/\/www.ncl.ac.uk\/business\/people\/profile\/giorgiofazio.html\">Profile | Newcastle University<\/a><\/p>\n<p><strong>Abstract<\/strong>:<\/p>\n<p>In this paper, we consider financial markets as metastable systems and propose high-order inverse statistics to monitor financial (in)stability. Using daily data from Jan 1980 to July 2022 for the New York Stock Exchange (NYSE), NASDAQ Global Select, London Stock Exchange (LSE), and Tokyo Stock Exchange (TSE), we find evidence of Noise Enhanced Stability and Phase Transitions. Finally, we develop a new indicator of stock market instability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Title: Metastability in Financial Markets Date: 30 September 2026 Time: 14:00 to 15:00 Venue: FDC.1.16 If you would like to attend, please register using the&#8230; <br \/><a href=\"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/2026\/09\/16\/finance-research-seminar-professor-giorgio-fazio\/\" rel=\"bookmark\"><strong>Read more<\/strong><\/a><\/p>\n","protected":false},"author":11659,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[1038,210],"class_list":["post-18407","post","type-post","status-publish","format-standard","hentry","category-research","tag-finance-research-seminar","tag-research-seminar"],"acf":[],"_links":{"self":[{"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/posts\/18407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/users\/11659"}],"replies":[{"embeddable":true,"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/comments?post=18407"}],"version-history":[{"count":2,"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/posts\/18407\/revisions"}],"predecessor-version":[{"id":18409,"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/posts\/18407\/revisions\/18409"}],"wp:attachment":[{"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/media?parent=18407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/categories?post=18407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microsites.ncl.ac.uk\/nubsstaffblog\/wp-json\/wp\/v2\/tags?post=18407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}