House of Finance
The House of Finance is an interdisciplinary research and teaching institute for law and economics at Goethe-University Frankfurt, Germany. Its mission is to evolve into a leading European and, ultimately, international center for financial research.
The House of Finance employs around 170 researchers, including some 30 professors, and comprises 3 research departments and eight 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 (CFS)
- Center of Excellence SAFE
- E-Finance Lab (EFL)
- Goethe Business School (GBS)
- Graduate School of Economics, Finance, and Management (GSEFM)
- Institute for Law and Finance (ILF)
- Institute for Monetary and Financial Stability (IMFS)
- International Center for Insurance Regulation (ICIR)
The House of Finance is a public-private partnership. It is not only financed through state resources but also through private sponsors. In March 2011, Goethe-University founded the House of Finance Foundation to support the financing of all activities within the House of Finance in the areas of research and education. President of the board of trustees of the House of Finance is Otmar Issing.
Research and ranking
Many publications by associated scholars have appeared in top international journals, such as the American Economic Review, the Journal of Finance, the Journal of Financial Economics and the Journal of Banking and Finance, and also extend in many German legal commentaries and monographs.
According to the survey by the German business journal Handelsblatt in 2012, Goethe University's Business Administration Department ranks seventh among all comparable departments in German speaking countries. In 2013 the Department of Economics ranks seventh. According to the Handelsblatt ranking 2013 House of Finance researcher Roman Inderst is the best performing economic researcher in all German speaking countries.
Courses of Study and Programs
As part of an alliance with the Goethe-University, Johannes Gutenberg University in Mainz and Darmstadt's Technical University, the Graduate School of Economics, Finance, and Management (GSEFM) at the House of Finance runs structured PhD programs that enable graduates to engage in new fields of research 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 is to mainstream state-of-the-art research findings in policy-making activities.
Within the House of Finance, the following programs are currently offered:
- Master in Money and Finance (MMF)
- Master of Laws in Finance (LL.M. Finance)
- MSQ Programs in Economics, Finance, Management, Marketing and Law and Economics
- Part-time Master in Finance
- Part-time Master in Pharma Business Administration (MBA)
- Ph.D. in Economics
- Ph.D. in Finance
- Ph.D. in Law and Economics of Money and Finance
- Ph.D. in Management
- Ph.D. in Marketing
- Open programs (Financial Risk Management, GBS evening courses, ILF Spring Course, Summer Schools)
The House of Finance is committed to incorporating the latest research findings into policy-making activities. For this reason, the SAFE "Policy Center" in the House of Finance aims at disseminating research findings to decision makers in politics, regulation, and administration in Germany and Europe.
Furthermore, the House of Finance institutions organize a variety of events and forums that communicate know-how and facilitate exchanges of experience. The Presidential Lectures of the Center for Financial Studies along with the Distinguished Lectures of the Institute for Monetary and Financial Stability are examples of House of Finance’s knowledge transfer activities.
The House of Finance building
On 30 May 2008, the House of Finance relocated to a new building designed by the architects Kleihues+Kleihues and located at Goethe-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. The floors, walls and ceiling of the House of Finance 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.
Student and alumni work
The Goethe Finance Club, a club for business and economics, is headed at the House of Finance and is organising its events mainly at this building. This non-profit organisation under German law was established in 2009 and sees itself as neutral and independent.
- House of Finance Foundation
- "Handelsblatt Ranking Business Administration 2012"
- "Handelblatt Ranking Economics 2013"
- "Impressum – Goethe Finance Club". www.goethe.finance (in German). Retrieved 2017-08-10.