Natalya Martynova

Natalya Martynova is a Research Professor at the Research Centre of the Deutsche Bundesbank. She joined the institution in September 2017 and specializes in banking regulation, financial intermediation, and bank risk-taking. Her work focuses on the interplay between regulatory policies, bank complexity, and systemic risk. Her research has been published in top journals such as the Journal of Financial Economics and the Journal of Banking and Finance.

Research Interests:

• Financial Intermediation
• Bank Risk-Taking
• Banking Regulation

Key Research Trends: Her articles analyze regulatory effectiveness in curbing bank risk, the complexity-risk nexus under post-crisis reforms, and the impact of contingent capital instruments like CoCo bonds. Recent work highlights how regulatory tightenings reduce moral hazard and systemic risks linked to bank complexity.

Labs/Teams: She contributes to the Bundesbank’s Research Centre, collaborating on projects related to household finances, firm surveys, and green finance initiatives. Her work integrates empirical analysis with policy-oriented insights.