Nuno Azevedo graduated in Mathematics from the University of Minho, in 2004 and received a Master's in Mathematical Engineering from University of Porto, in 2009. He has received a PhD degree in Mathematics Applied to Economics and Management, from Lisbon School of Economics and Management (ISEG-UL), in 2014. He has published several papers in international peer reviewed journals, such as Physica A, Journal of Computational and Applied Mathematics, Annals of Operations Research and Optimization, among others. He has delivered several talks at international conferences, as well as invited seminars. His current topics of research are related with optimal control with applications to Finance, credit risk, microdata and wavelet analysis. Currently, he holds a permanent position as Senior Advisor at the Statistics Department (Banco de Portugal) and a non-permanent position as Adjunct Assistant Professor at the School of Economics and Management of University of Minho.
This paper analyzes how systemic risk structurally evolved between 2007 and 2017. The main contributions of the paper to the literature include the methodology, analysis and potential use for macroprudential policies.