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Center For Financial Studies
The Center for Financial Studies (CFS) (Gesellschaft für Kapitalmarktforschung), located in Frankfurt am Main, is an independent research institute affiliated to the Goethe University Frankfurt. CFS conducts independent and internationally oriented research on important topics in finance. It serves as a forum for dialogue between academia, policy makers and the financial industry. It also provides a platform for high-level basic as well as applied research of relevance to the European financial sector. Its president is Axel A. Weber, former President of Deutsche Bundesbank and former Chairman of the board of UBS Group AG. Otmar Issing is Honorary President. Directors are Andreas Hackethal and Rainer Klump. The managing director is Volker Brühl. The institute's sponsoring association is chaired by Jürgen Fitschen, former co-head of Deutsche Bank AG. Research CFS’ research program consists of research areas that are each managed by the directors. Guest researchers and fello ...
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Frankfurt
Frankfurt, officially Frankfurt am Main (; Hessian: , " Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on its namesake Main River, it forms a continuous conurbation with the neighboring city of Offenbach am Main and its urban area has a population of over 2.3 million. The city is the heart of the larger Rhine-Main metropolitan region, which has a population of more than 5.6 million and is Germany's second-largest metropolitan region after the Rhine-Ruhr region. Frankfurt's central business district, the Bankenviertel, lies about northwest of the geographic center of the EU at Gadheim, Lower Franconia. Like France and Franconia, the city is named after the Franks. Frankfurt is the largest city in the Rhine Franconian dialect area. Frankfurt was a city state, the Free City of Frankfurt, for nearly five centuries, and was one of th ...
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Hesse
Hesse (, , ) or Hessia (, ; german: Hessen ), officially the State of Hessen (german: links=no, Land Hessen), is a state in Germany. Its capital city is Wiesbaden, and the largest urban area is Frankfurt. Two other major historic cities are Darmstadt and Kassel. With an area of 21,114.73 square kilometers and a population of just over six million, it ranks seventh and fifth, respectively, among the sixteen German states. Frankfurt Rhine-Main, Germany's second-largest metropolitan area (after Rhine-Ruhr), is mainly located in Hesse. As a cultural region, Hesse also includes the area known as Rhenish Hesse (Rheinhessen) in the neighbouring state of Rhineland-Palatinate. Name The German name ''Hessen'', like the names of other German regions (''Schwaben'' "Swabia", ''Franken'' "Franconia", ''Bayern'' "Bavaria", ''Sachsen'' "Saxony"), derives from the dative plural form of the name of the inhabitants or eponymous tribe, the Hessians (''Hessen'', singular ''Hesse''). The geograp ...
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Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated between the Baltic and North seas to the north, and the Alps to the south; it covers an area of , with a population of almost 84 million within its 16 constituent states. Germany borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The nation's capital and most populous city is Berlin and its financial centre is Frankfurt; the largest urban area is the Ruhr. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity. A region named Germania was documented before AD 100. In 962, the Kingdom of Germany formed the bulk of the Holy Roman Empire. During the 16th ce ...
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Goethe University Frankfurt
Goethe University (german: link=no, Johann Wolfgang Goethe-Universität Frankfurt am Main) is a university located in Frankfurt am Main, Germany. It was founded in 1914 as a citizens' university, which means it was founded and funded by the wealthy and active liberal citizenry of Frankfurt. The original name was Universität Frankfurt am Main. In 1932, the university's name was extended in honour of one of the most famous native sons of Frankfurt, the poet, philosopher and writer/dramatist Johann Wolfgang von Goethe. The university currently has around 45,000 students, distributed across four major campuses within the city. The university celebrated its 100th anniversary in 2014. The first female president of the university, Birgitta Wolff, was sworn into office in 2015, and was succeeded by Enrico Schleiff in 2021. 20 Nobel Prize winners have been affiliated with the university, including Max von Laue and Max Born. The university is also affiliated with 18 winners of the Gottfr ...
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Frankfurt Am Main
Frankfurt, officially Frankfurt am Main (; Hessian: , "Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on its namesake Main River, it forms a continuous conurbation with the neighboring city of Offenbach am Main and its urban area has a population of over 2.3 million. The city is the heart of the larger Rhine-Main metropolitan region, which has a population of more than 5.6 million and is Germany's second-largest metropolitan region after the Rhine-Ruhr region. Frankfurt's central business district, the Bankenviertel, lies about northwest of the geographic center of the EU at Gadheim, Lower Franconia. Like France and Franconia, the city is named after the Franks. Frankfurt is the largest city in the Rhine Franconian dialect area. Frankfurt was a city state, the Free City of Frankfurt, for nearly five centuries, and was one of the most impo ...
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Axel A
Axel may refer to: People * Axel (name), all persons with the name Places * Axel, Netherlands, a town ** Capture of Axel, a battle at Axel in 1586 Arts, entertainment, media * ''Axel'', a 1988 short film by Nigel Wingrove * ''Axel'', a Cirque du Soleil show * ''Axël'', an 1890 drama play by Auguste Villiers de l'Isle-Adam * Axel (dance turn), a type of turn performed in dance * Axel lift, a movement in pair skating * Axel jump, a type of jump in figure skating * "Axel F", the 1985 instrumental theme song of ''Beverly Hills Cop'' by Harold Faltermeyer Companies, organizations * Axel Hotels, hotel chain * Axel Springer SE, largest digital publishing house in Europe Other uses * Axel Maersk, Danish container ship * Citroën Axel, automobile made by Citroën * Typhoon Axel (other), multiple storms named Axel See also * Aksel * Axl (other) Axl may refer to: People * Axl Rose, lead singer of Guns N' Roses * Axl Rotten, ring name for former professional wres ...
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Otmar Issing
Otmar Issing (born 27 March 1936 in Würzburg) is a German economist who served as a member of the Executive Board of the European Central Bank from 1998 to 2006 and concurrently as ECB chief economist. He developed the 'two-pillar' approach to monetary policy decision-making that the ECB has adopted. After leaving the Executive Board, Issing been serving as president of the Center for Financial Studies since 2006. Life Issing studied economics at the University of Würzburg from 1955 until 1960 with temporary studies in London and Paris. From 1960 to 1966 he worked as a research assistant at the University of Würzburg. He earned his PhD in 1961 and received his postdoctoral lecture qualification (habilitation) in 1965. In 1967 Issing became director of the Institute for International Economic Relations at the University of Erlangen-Nuremberg and full professor at the faculty of economics and social sciences of the University of Erlangen-Nuremberg. In 1973 he was appointed Pr ...
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Andreas Hackethal
Andreas Hackethal is a Professor of Finance and the Dean of the Goethe Business School at Goethe University, Frankfurt, Germany. Life Andreas Hackethal earned his degrees in Business Administration from Goethe University in Frankfurt and the University of Iowa. He finished his doctoral studies at Goethe University in 1999 and received his postdoctoral lecture qualification (Habilitation) from Goethe University in 2005. Parallel to his academic career he spent two years in banking and eight years in strategy consulting. From 2005 to 2007 he held a position as Finance Professor and was head of Finance Department at European Business School in Oestrich-Winkel, Germany. In 2008 he joined Goethe University in Frankfurt as a tenured Professor of Finance. From 2008 to 2011 he served as the dean of Goethe Business School, the center for high-quality management education at Goethe University. Since October 2011, he is the Dean of the Faculty of Economics and Business Administration at G ...
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Jürgen Fitschen
Jürgen Fitschen (born 1 September 1948 in Harsefeld, Germany), sometimes rendered ''Juergen Fitschen'' in English, is a German banker who served as co-CEO of Deutsche Bank from 2012 to 2016. He served alongside Anshu Jain until 2015 and John Cryan from 2015. He was president of the Association of German Banks from 2013 to 2016. Education Fitschen went to school at Athenaeum Stade, then he studied Economics and Business Administration at the University of Hamburg and graduated in 1975 with a master's degree in Business Administration. Career From 1975 to 1987, he worked at Citibank in various positions in Hamburg and Frankfurt am Main. In 1983, he was appointed member of Citibank’s Executive Committee Germany. After joining Deutsche Bank in 1987, Fitschen held executive positions in Thailand, Japan and Singapore, before becoming a member of the Global Corporates and Institutions Divisional Board in 1997, based in Frankfurt. A year later he joined the newly designed Glob ...
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Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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Frankfurt Stock Exchange
The Frankfurt Stock Exchange (german: link=no, Börse Frankfurt, former German name – FWB) is the world's 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm ( German time). Organisation Located in Frankfurt, Germany, the Frankfurt Stock Exchange is owned and operated by Deutsche Börse AG and Börse Frankfurt Zertifikate AG. It is located in the district of Innenstadt and within the central business district known as Bankenviertel. With 90 percent of its turnover generated in Germany, namely at the two trading venues Xetra and Börse Frankfurt, the Frankfurt Stock Exchange is the largest of the seven regional securities exchanges in Germany. The trading indices are DAX, DAXplus, CDAX, DivDAX, LDAX, MDAX, SDAX, TecDAX, VDAX and EuroStoxx 50. Trading venues Xetra and Börse Frankfurt Through its Deutsche Börse Cash Market business section, Deutsche Börse AG now operates two trading venues at the Frankfurt Stock ...
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Capital Market
A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers to those who can put it to long-term productive use, such as companies or governments making long-term investments. Financial regulators like Securities and Exchange Board of India (SEBI), Bank of England (BoE) and the U.S. Securities and Exchange Commission (SEC) oversee capital markets to protect investors against fraud, among other duties. Transactions on capital markets are generally managed by entities within the financial sector or the treasury departments of governments and corporations, but some can be accessed directly by the public. As an example, in the United States, any American citizen with an internet connection can create an account with TreasuryDirect and use it to buy bonds in the primary market, though sales to indiv ...
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