Natalie Kessler is a 4th year PhD candidate in economics at the European University Institute (EUI). In her thesis, she focuses on various issues in financial economics with an overall focus on financial stability enhancing regulations. Working mainly theoretical, she explores both micro- and macro-economic issues. Her main research interests are unconventional monetary policy, financial market structure and bank competition, over-the-counter trading, and banks’ optimal capital allocations. Before coming to the EUI, she completed the Master in Advanced Economics and Finance at the Copenhagen Business School.