: the amount of capital required, the design of capital requirements (complexity versus simplicity), proportionate … regulation, recovery and resolution, and risk culture. …

models, the measurement and indicators of systemic risk, macroprudential tools and their effectiveness; and to identify …

Using arbitrage-free affine models, we analyze the dynamics of German bond yields and risk premia for the period 1999 … macroeconomic factors allows us to analyze their effect on the risk aversion of market participants. Looking at the impact of the … recent crises, we see that particularly the market prices of risk for the real activity and the price factor changed most …