Using data from the Vienna Stock Exchange we investigate three different types of consumption based capital asset pricing models: the well known two state model of Mehra and Prescott, the model of Rietz, which includes also a crash state, and an own four state model. The aim of this Vienna Stock...

The purpose of this study is the investigation of the importance and impact of network structure, both, at the network level across days and at the node level across days and scenarios (stricken ARTIS participants) for the stability of payment systems in the face of operational shocks. The...