University of Rome “La Sapienza”
Bernardo Maggi has a degree in Economics and Commerce from the University of Rome "La Sapienza", Italy. He has a Masters degree in Economics and Econometrics from Southampton University, UK and a Ph.D in Economics, Mathematics and Statistics from Univ. of Rome "La Sapienza", Italy. He has won the National prize "Bruno de Finetti" for Mathematical Economics ("Accademia Nazionale dei Lincei", Italy) and since 2011 has been an Associate Professor in Economic Statistics within the Department of Statistical Sciences, Faculty of Engineering of Information, Informatics and Statistics, at Sapienza University of Rome, Italy. He also teaches Economic Statistics, Advanced Course, and Efficiency and Productivity Analysis. His research fields are: Continuous Time Econometrics Methods, discrete time Econometrics (VAR, SVAR, Time Series Analysis, Panel data Analysis); Optimal Control in Economics and Economic Dynamics (Currency Crises, Macro-Finance, Growth); Analysis of Risk, Banking Systems, Financial Crises, Finance; Productivity Analysis, Efficiency and Effectiveness, Analysis of Poverty; National Accounting. He has published chapters of books, books and papers on national and international reviews such as Applied Economics, Economic Modeling, Structural Change and Economic Dynamics, Studies in Nonlinear Dynamics and Econometrics, The Journal of Risk.
This paper analyzes how the yield of government securities may be managed in order to save costs in the face of the risk of a liquidity shock.