House of Finance
The House of Finance is an interdisciplinary research and teaching institute for law and economics at Goethe University. It is located in Frankfurt am Main, in Hesse
Hesse or Hessia is both a cultural region of Germany and the name of an individual German state.* The cultural region of Hesse includes both the State of Hesse and the area known as Rhenish Hesse in the neighbouring Rhineland-Palatinate state...

, Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

. It was established in 2008. Its Executive Director is Prof. Dr. Wolfgang König.

Its mission is to evolve into a leading European and, ultimately, international center for financial research.

Organizational Structure

The House of Finance employs around 150 researchers, including some 30 professors, and comprises 3 research departments and nine affiliated institutes, some of which are legally autonomous:
  • Department of Finance
  • Department of Money and Macroeconomics
  • Department of Corporate and Financial Law
  • Center for Financial Studies
    Center for Financial Studies
    The Center for Financial Studies , located in Frankfurt, is an independent research institute affiliated to the Goethe University Frankfurt. It is financed via donations and contribu-tions from its members. Its sponsoring body is the Gesellschaft für Kapitalmarktforschung e.V., which counts amongst...

  • Institute for Law and Finance
    Institute for Law and Finance
    The Institute for Law and Finance is a graduate school which was established as a non-profit foundation in 2002 by Goethe University Frankfurt am Main with the support of many prominent institutions...

  • E-Finance Lab (EFL)
  • Institute for Monetary and Financial Stability (IMFS)
  • Goethe Business School
    Goethe Business School
    The Goethe Business School is a Graduate Business School in Frankfurt am Main, Germany, set up as an independent, non-profit foundation under private law, held by Johann Wolfgang Goethe University Frankfurt am Main. Founded in 2004, Goethe Business School is the center for management education of...

  • Frankfurt MathFinance Institute (FMFI)
  • Graduate School of Exonomics, Finance, and Management (GSEFM)
  • International Center for Insurance Regulation (ICIR)
  • Retail Banking Competence Center (RBCC)

Research and ranking

Research is a core competence, as proved by the large number of HoF publications that have already appeared in top international journals, such as the American Economic Review
American Economic Review
The American Economic Review is a peer-reviewed academic journal of economics publishing seven issues annually by the American Economic Association. First published in 1911, it is considered one of the most prestigious journals in the field. The current editor-in-chief is Penny Goldberg . The...

, the Journal of Finance
Journal of Finance
The Journal of Finance is a peer-reviewed academic journal published by Wiley-Blackwell on behalf of the American Finance Association. It was established in 1946. Its current editors are Campbell R. Harvey and John R. Graham...

, the Journal of Financial Economics
Journal of Financial Economics
The Journal of Financial Economics or JFE, is a peer-reviewed academic journal covering the theory of financial economics. Together with the Journal of Finance and the Review of Financial Studies, it is considered to be among the top three finance journal. The editor is Bill Schwert...

 and the Journal of Banking and Finance
Journal of Banking and Finance
The Journal of Banking and Finance is a peer-reviewed academic journal covering research on financial institutions and capital markets. In 1989 the journal absorbed Studies in Banking & Finance....

. HoF’s academic achievements also extend to a host of legal commentaries and monographs.
The economists that teach on HoF’s current Business and Management (B.Sc.) program at Goethe University’s Faculty of Economics were ranked second best in all Germany, and sixth internationally, by the German trade journal Handelsblatt
The Handelsblatt is a leading German language business newspaper, published in Düsseldorf by the Verlagsgruppe Handelsblatt. It has a circulation of 145.437 daily copies. Its editor-in-chief is Gabor Steingart...

 in 2009. Goethe University’s researchers also excel in the field of economics. Indeed, Professor Roman Inderst, for example, is amongst the best 100 researchers under 40 years of age and other professors at Goethe University rank amongst the Handelsblatts top 200 lifetime achievers.

Courses of Study and Programs

The House of Finance offers a platform for intensive, one-on-one student mentoring. Professors at the House of Finance are all involved in teaching programs at the Departments of Law and Economics. As part of an alliance with the Johannes Gutenberg University in Mainz
Mainz under the Holy Roman Empire, and previously was a Roman fort city which commanded the west bank of the Rhine and formed part of the northernmost frontier of the Roman Empire...

 and Darmstadt's TU
Darmstadt University of Technology
The Technische Universität Darmstadt, abbreviated TU Darmstadt, is a university in the city of Darmstadt, Germany...

, the Graduate School of Economics, Finance and Management (GSEFM) runs structured PhD programs that enable graduates to engage in new fields of research in line with Best Practices and to pursue careers in academia. The Goethe Business School (GBS) and the Institute for Law and Finance (ILF) offer education and training programs that combine an international outreach with a practical approach, their objective being to mainstream state-of-the-art research findings in policy-making activities.

The House of Finance currently offers the following programs:
  • Ph.D. in Economics
  • Ph.D. in Finance
  • Ph.D. in Law and Economics of Money and Finance
  • Master of Science in Quantitative Economics (MSQE)
  • Master of Science in Money and Finance (MMF)
  • Executive and Full-time MBA
  • Executive Master of Finance and Accounting
  • Master of Laws (LL.M.)
  • Open programs (Financial Risk Manager, GBS evening courses, ILF Spring Course, Summer Schools)

Knowledge Transfer

The House of Finance has many national and international contacts, both in academia and amongst practitioners, and attaches great importance to ongoing dialogue. HoF aims to become a leading player in the field of financial research and education and is committed to incorporating the latest research findings into policy-making activities. For HoF, knowledge transfer is the way forward. For this reason, the various HoF departments and institutes organize a variety of events and forums that communicate know-how and facilitate exchanges of experience. Brown bag seminars – both within and across different disciplines - promote the dissemination of research findings and enable academics and practitioners to share their insights. The Presidential Lectures at the Center for Financial Studies along with the Public Lectures at the Institute for Monetary and Financial Stability are yet another example of HoF’s knowledge transfer activities.

The HoF building

On 30 May 2008, the House of Finance relocated to a new building designed by the architects Kleihues+Kleihues that is located in Frankfurt University’s “Campus Westend”. The dominant feature of this campus is the “IG Farben” Building by the architect Hans Poelzig. This building is an example of neoclassicist architecture, which now lives on in the House of Finance and the other new buildings on the campus. This style was chosen according to the wish of the building contractor for "a symbol for the scientific and mercantile german manpower, made out of iron and stone", as the "IG-Farben"-director at the time of the construction, Baron von Schnitzler, stated in his opening speech of October 1930.
The upper floors of the HoF building have several separate offices as well as shared office space for researchers and students. The ground floor is open to the public and welcomes visitors with a spacious, naturally lit foyer that leads to lecture halls, seminar rooms and the information center, our 24-h reference library. The ground floor also accommodates computer rooms and a café. The floors, walls and ceiling of the foyer are decorated with a grid design that is continued throughout the entire building. Inspired by Raphael's mural, ‘The School of Athens, comes this design into its own in the flooring.
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