Press Release

Nominations process for international academic award “Deutsche Bank Prize in Financial Economics 2015” kicked off

  • Center for Financial Studies is awarding the prize, which carries an endowment of €50,000, for the sixth time
  • International jury composed of renowned experts in financial theory and practice
  • Over 4,500 professors from 58 countries to nominate outstanding economists

Frankfurt, 29 September 2014 – The nominations process for the Deutsche Bank Prize in Financial Economics 2015, administered by the Center for Financial Studies (CFS), has begun. On Monday, 22 September 2014, the jury signaled the start of the award proceedings for the famous academic prize for the sixth time. Over 4,500 professors from 58 countries can submit suggestions for nominees online from now until 29 November 2014. The winner of the prize, which carries an endowment of €50,000, will be announced in February 2015. The prize will be presented at a ceremony in Frankfurt on 24 September 2015.


The jury members are internationally acclaimed financial experts with academic and practice-oriented backgrounds. In the course of a multiple-stage process, they will select one internationally renowned economist from the submitted nominations who has outstanding expertise in the research fields of finance, monetary economics or macroeconomics. The Deutsche Bank Prize in Financial Economics, which is sponsored by the Deutsche Bank Donation Fund, has been presented by the Center for Financial Studies, in partnership with the Goethe University Frankfurt, since 2005.


“The Deutsche Bank Prize in Financial Economics has become an established award that receives a great deal of international attention,” said Professor Jan Pieter Krahnen, Chairman of the jury and Director of the Center for Financial Studies at the Goethe University Frankfurt. “In past years the prize has been awarded to impressive and highly acclaimed economists. We are very excited about this year’s suggested nominations, which we will receive from all over the world. We are delighted to have the opportunity to honor a great economist for the sixth time.”


Alongside the Chairman Jan Pieter Krahnen, the international jury includes the professors Guillermo Calvo (Columbia University), David Folkerts-Landau (Chief Economist at Deutsche Bank), Michael Haliassos (CFS Director), Otmar Issing (CFS President), Nobuhiro Kiyotaki (Princeton University), Holger Kraft (Goethe University Frankfurt, Director of the Finance department), Robert Merton (Nobel Laureate, Massachusetts Institute of Technology), René M. Stulz (Ohio State University, Fisher College of Business), Uwe Walz (CFS Director) and Mirko Wiederholt (Goethe University Frankfurt, Director of the Money and Macroeconomics department).


University teaching staff and academics from each of the top 30 universities in the USA, Europe, Latin America and the Asia-Pacific region are invited to submit entries and propose nominees for the prize. In addition, a total of more than 300 members of national banks, the European Central Bank, the Organisation for Economic Co-operation and Development (OECD), the Bank for International Settlements (BIS) and the World Bank will have the opportunity to suggest an academic as a potential prize winner.

 


About the Deutsche Bank Prize in Financial Economics

The academic Deutsche Bank Prize in Financial Economics is sponsored by the Deutsche Bank Donation Fund and carries an endowment of €50,000. The CFS awards the prize biennially in partnership with Goethe University Frankfurt. The Deutsche Bank Prize in Financial Economics honors internationally renowned economic researchers whose work has a marked influence on research concerning questions of financial economics and macroeconomics, and has led to fundamental advances in economic theory and practice.
The prize was awarded for the first time in 2005 to Eugene F. Fama, Nobel Laureate (2013) and Professor of Finance at the University of Chicago, for researching the concept of individual rationality in financial market behavior. In 2007 Michael Woodford, Professor of Political Economy at Columbia University, received the prize for his groundbreaking redefinition of monetary analysis. In 2009 Robert J. Shiller, Nobel Laureate (2013) and Professor of Economics at Yale University and Professor of Finance at Yale School of Management, received the prize for his constructive challenge of rationality and promotion of behavioral considerations. Kenneth Rogoff, Professor of Economics and Professor of Public Policy at Harvard University in Cambridge, USA, received the prize in 2011 for his analysis of financial crises. In 2013 the prize went to Raghuram Rajan, Governor of the Reserve Bank of India (RBI) and former Chief Economist at the International Monetary Fund (IMF), for his highly influential contributions in a remarkably broad range of areas in financial economics most important to the development of economies worldwide.

About the Center for Financial Studies

The Center for Financial Studies (CFS) is a financially independent research institute, affiliated to Goethe University Frankfurt. CFS conducts independent and internationally-oriented research on financial markets, financial intermediaries and monetary economics and interacts as the German partner with other international research centers specifically on the subject of financial market architecture and the role played by banks and stock exchanges. President of CFS is Prof. Dr. Dr. h.c. mult. Otmar Issing. Chairman of the supporting association: Dr. Rolf-E. Breuer. Overall management of the institute is conducted by the directors Prof. Michael Haliassos, Ph.D., Prof. Dr. Jan Pieter Krahnen, Prof. Dr. Uwe Walz.