Nel Dupuij, an ESILV Financial Engineering student from the Class of 2027, presented a research paper at the 10th International Workshop on Financial Markets and Nonlinear Dynamics (FMND 2026) in Paris. The conference brought together academics and finance professionals working on financial market dynamics, risk management, and econometric modelling.
At the 10th International Workshop on Financial Markets and Nonlinear Dynamics (FMND 2026), Nel Dupuij, an ESILV Financial Engineering student from the Class of 2027, presented research examining volatility transmission and contagion effects among European banks. Throughout the project, he was guided by Professor Duc Thi Luu, a professor-researcher at ESILV and a specialist in finance, quantitative research, financial markets, and complex systems, whose supervision supported the research from its development to its presentation before an international academic audience.
FMND 2026: A first academic conference experience
Held in Paris on 28–29 May 2026, FMND brought together researchers, economists, financiers and econometricians from around the world. The workshop focuses on the analysis of financial market behaviour, volatility, risk management, banking systems and recent developments in econometric modelling.
The event featured plenary sessions, parallel sessions and dedicated PhD student sessions, creating opportunities for participants to exchange ideas and discuss current challenges affecting financial markets. Topics ranged from market regulation and portfolio management to cryptocurrencies, algorithmic trading, inflation, banking stability and financial crises.
Within this international academic environment, Nel presented research examining volatility spillovers and contagion among European banks, a topic directly connected to the study of systemic risk and financial stability.
Researching interconnected risks in the banking sector
Financial institutions operate within highly interconnected markets where shocks affecting one institution can rapidly spread across the broader financial system. Understanding these transmission mechanisms remains a key challenge for regulators, central banks and market participants.
Nel’s research explored how volatility can propagate between European banks and how contagion effects emerge during periods of market stress. Such analyses contribute to a better understanding of systemic risk and provide insights into the resilience of financial institutions during periods of uncertainty.
Presenting these findings to an international audience of researchers enabled him to receive feedback on both the methodology and the results. The paper was discussed by Professor Petre Caraiani, whose comments contributed to the academic exchange that characterises research conferences.
Volatility transmission and contagion effects among European banks.
Financial Engineering pathway: academic research on European banking risk at ESILV
Nel is studying Financial Engineering at ESILV, where quantitative finance, data analysis and risk management form key components of the curriculum.
The Computational Finance major addresses major developments in banking, asset management and hedge funds. Students work on topics such as high-frequency trading, machine learning applications in finance, stochastic modelling and advanced risk management techniques. These subjects provide the theoretical and technical foundations required to analyse complex financial systems and market behaviour.
Research experiences such as FMND allow students to apply these concepts beyond the classroom and engage with current questions being explored by the academic and professional finance communities.
Learning through data, modelling and market analysis
ESILV students also benefit from access to a Bloomberg trading room equipped with fifteen Bloomberg terminals. These tools are widely used across trading floors, asset management firms and large financial institutions.
Working with professional market data supports the development of practical skills in financial analysis, portfolio management and market monitoring. Students can also strengthen their profiles through Bloomberg certifications and the Bloomberg Aptitude Test.
Combined with opportunities to participate in research projects and academic conferences, these resources contribute to a learning environment that connects quantitative methods, financial markets and industry practices.
Presenting research to an international audience
For Nel, FMND 2026 provided an opportunity to share research findings, attend presentations from international scholars and gain exposure to the standards of academic conferences.
Experiences of this kind complement the Financial Engineering curriculum by placing students in direct contact with researchers working on current issues affecting global financial markets, from systemic risk and volatility modelling to market regulation and financial stability.
Learn more about ESILV’s Financial Engineering major
This post was last modified on 16 June 2026 4:30 pm