Central Banking & Financial Stability

Financial crises often have severe knock-on effects, precipitating dislocation in the economy, in the political sphere, and in society at large. A primary responsibility of regulatory authorities is thus to ensure the resilience and stability of the financial system. Yet fulfilling this mandate requires regulators to take a big-picture approach comprising various domains of policy action, for the factors that can impact financial market stability are diverse and often mutually interdependent. These factors include the structures and processes that shape the behavior of financial-market institutions and service providers. In addition, regulators must consider how developments in financial markets interact with trends in the real economy as they monitor the impacts of monetary policy decisions. A crucial element of financial market stability is the work of central banks, which assume various macroprudential responsibilities as custodians of the currency. Accordingly, in addition to assessing monetary policy, House of Finance researchers study the ways that the mandate, governance mechanisms, and policy instruments of central banks affect financial market stability. Our research in the domain of central banking and financial stability leverages a unique blend of financial, macroeconomic, and legal expertise.

Activities at the House of Finance

08/28/24 | SAFE: Event

The Annual Meeting will include three panel sessions featuring a diverse range of esteemed…

The Annual Meeting will include three panel sessions featuring a diverse range of esteemed policy makers, in addition to the Keynote Address delivered by Dr. Joachim Nagel, President of the…

05/15/24 | House of Finance: News

The first edition of the newly established Frankfurt Macro Seminar took place at the House…

The first edition of the newly established Frankfurt Macro Seminar took place at the House of Finance at Goethe University Frankfurt on May 13, 2024. This event is an initiative of…

04/17/24 | IMFS: News

The end of the inflation surge, monetary policy transmission and the banking system and…

The end of the inflation surge, monetary policy transmission and the banking system and the implications of geopolitics were at the heart of the debates during the conference „The ECB and…

03/20/24 | IMFS: Event

At the conference "The ECB and Its Watchers" central bankers, financial market…

At the conference "The ECB and Its Watchers" central bankers, financial market participants and academics discuss current issues of monetary policy and financial stability.

02/15/24 | IMFS: Event

The Banking Union at Ten – European Banking and Capital Markets Law between 2014 and…

The Banking Union at Ten – European Banking and Capital Markets Law between 2014 and 2024.

02/01/24 | IMFS: Working Paper

Despite a number of helpful changes, including the adoption of an inflation target, the…

Despite a number of helpful changes, including the adoption of an inflation target, the Fed’s monetary policy strategy proved insufficiently resilient in recent years. While the Fed eased…

Program area experts

Andreas Cahn

Andreas Cahn

Institute for Law and Finance Goethe-Universität Frankfurt
  • Gesellschaftsrecht
  • Kapitalmarktrecht
  • Rechtsvergleichung
Nicola Fuchs-Schündeln

Nicola Fuchs-Schündeln

Professor of Macroeconomics and Development, Programme Director for Macroeconomics and Growth at the CEPR
  • Macroeconomics
  • Labor Economics
  • Endogenous Preferences
Michael Haliassos

Michael Haliassos

Chair for Macroeconomics and Finance, Goethe University, IMFS, NETSPAR, CEPR
  • Macroeconomics
  • Finance
  • Household Finance
Florian Heider

Florian Heider

Sci. Director of the Leibniz Institute SAFE and Professor of Finance at Goethe University Frankfurt
  • Financial Intermediaries
  • Monetary Policy
  • Capital Structure of Companies
Christian Schlag

Christian Schlag

Goethe University Frankfurt (Finance Department) and Leibniz Institute for Financial Research SAFE
  • Asset pricing
  • Derivatives (options, futures)
  • Empirical capital market research
Mathias Trabandt

Mathias Trabandt

Goethe University Frankfurt
  • Macroeconomics
  • Monetary and Fiscal Policies
  • Epidemics
Volker Wieland

Volker Wieland

Chair of Monetary Economics, Managing Director of the Institute for Monetary and Financial Stability (IMFS)
  • Monetary and Fiscal Policy
  • Inflation and Business Cycles
  • Financial Markets