The Center for Financial Studies
conducts independent and internationally oriented research in important areas of Finance. It serves as a forum for dialogue between academia, policy-making institutions and the financial industry. It offers a platform for top-level fundamental research as well as applied research relevant for the financial sector in Europe.
CFS People
"Good policy needs rigorous, state-of-the-art economic analysis, combined with sound judgement. It is necessary to critically mirror the "new" against the "old" – both in theory and with regard to political circumstances. Economic research conducted in such a way remains theory, but a theory that does not solely rely on a model."
Jan Pieter Krahnen
Director, Coordinator "Monetary Policy & Financial Stability"
Uwe Walz
Director, Coordinator "Corporate Finance & Financial Markets"
Volker Brühl
Managing Director
Does the Lack of Financial Stability Impair the Transmission of Monetary Policy?
Viral V. Acharya, Björn Imbierowicz, Sascha Steffen, Daniel Teichmann
A cointegration model of money and wealth
Andreas Beyer, Katrin Assenmacher-Wesche
CFS Presidential Activities
CFS Book: "The Euro in stormy times"
Otmar Issing’s contributions to the economic and exchange rate policy at CFS 2006-2015
CFS Index
Current Value: 112,8
CFS Research Network - MIGGROPRICES
Employing novel and very comprehensive (“big data”) sets of micro prices (at the retail product level) the research network MIGGROPRICES aims at contributing to this literature by providing new insights into the nature of price setting. Moreover, research conducted in the context of MIGGROPRICES addresses questions related to (inter-)national goods market integration, the pass-through of costs to prices and issues of competitiveness.