Central Banks’ Operations from Academics’ Perspective – Introduction
Prof. Dr. Rolf Tilmes
Dean, EBS Business School
Managing Director, EBS Executive Education GmbH
17 November 2010, Frankfurt
• Idea and founding
• State recognition as a University of Applied Sciences (FH)
• Relocation to Schloss Reichartshausen
Establishment
• State recognition as an academic university• Granted right to award doctoral degrees
• Granted right to award postdoctoral qualification
University
status
• Transition from Diploma to Bachelor and Master• Build up of international network, dual degree options
• Development of Executive Education
• Top positions in German university rankings
• All programmes FIBAA- accredited*)
• Intensive cooperation with business practice; 200 corporate partners
Premium in
Germany
• Internationalization of programmes (Bachelor,Master, MBA, EMBA), 100% taught in English
• Faculty growth from 26 to 83 professors
• Focus on outstanding, internationally published research
• Expansion of international business school network
• Professionalization of executive education
• Growth in turnover from 11 to 33 million EUR
• Professionalization of
International
upgrading
University
founding
• Law School setup
• EBS-Fraunhofer Supply Chain School setup
• Implementation of the House of Logistics & Mobility (HOLM)
• Governance School setup
• Automotive Institute for Management (AIM)
• Global Post-Graduate School of Logistics setup
• Institute of Sports, Business and Society (ISBS) setup
• Winner of the elite cluster competition held by the BMBF**)
• Campus development in the Rheingau, in Wiesbaden and at Gateway Gardens
• Wiesbaden becomes university city
• Faculty growth to 200 professors and approx. 3,000 students
Germany’s oldest business school (founded 1971)
Germany’s largest faculty for business studies
90 faculty members within 6 departments
studium universale and coaching program for all students and doctoral
candidates
EBS Executive Education: Currently more than 3,000 participants in the further
education program every year
More than 200 corporate partners, including all DAX groups
14 degree programs in 2010 (2 B.Sc., 7 M.Sc., 2 MBA, 2 EMBA, 1 Ph.D.)
35 duel degree options with top-tier foreign universities
200 partner universities worldwide
Professor/student ratio 1:15
A total of 1,200 students
Top 10 in the CHE research ranking
Business School characteristics
Business
School
Institutes & Chairs
Anke Welkoborsky
Academic Manager
Prof. Dr. Dres. h.c.Adolf G. Coenenberg
- Strategy Accounting - Funding Accouting - Specialzied Master
Academic Consultant
Prof. Dr. Rolf Tilmes
Head of Department
BSc. in General Management
BSc. in Aviation Management
MSc. in General Management
Specialized MSc. in Finance with a
dual degree option
Specialized MSc. in Real Estate with
a dual degree option
The FARE Department is one of the largest finance departments in Germany
More than 50 academic staff
More than 70 publications per year
More than 2.000 course participants
and 90 courses in our full time
programmes per year
More than 50 running PhD projects
More than 140 thesis projects per year
More than 40 corporate partners
Executive MBA Durham Business School / European Business School
Cutting edge non-degree programs for life-long learning in the fields of Banking, Private
Finance & Wealth Management and Real Estate
Internationally renowned lecturers / professors and more than 180 external lecturers
Target groups: specialists & executives
11 Certified programs
Financial Economics, Estate Planning, Execution of Will, Capital Market Products, Qualitative
Investment Analysis, Hedge Funds, Private Equity, Commodities, Real Estate Investment
Banking, Real Estate Investment Management, International Real Estate Evaluation
customized programs
More than 1,000 students per year
Outstanding evaluation: over 90 % of participants judge targets to be achieved and
appreciate the practical applicability
EBS plans to offer Summer Schools for staff members of Central Banks in
cooperation with Deutsche Bundesbank
Foster exchange between academics and central banks on research, most relevant for central banks’
operations
Provide central bank’s staff members with a compact update on the current stance of academic research in
their working area
Familiarize central banks’ staff members with most recent theoretical and empirical concepts applied in their
field of interest
Organize Summer Schools on focussed topics related to specific business areas of central banks
Academic Experience:
Senior Professor of Financial Economics & Taxation at the EBS Business School, Wiesbaden
Research Fellow, Centre for Financial Studies, Frankfurt and Centre for European Economic Research, Mannheim
Visiting Professor, Department of Finance, University of Frankfurt
Visiting Scholar, Centre for European Economic Research (ZEW), Mannheim
Deputy Head of Financial Research, European Central Bank, Frankfurt
Principal Economist, Financial Research, European Central Bank, Frankfurt
Senior Economist Financial Research, European Central Bank, Frankfurt
Research Interests:
Financial stability Market discipline
Bank contagion
Bail out policies
Macropurdential indicators
Central Banking Experience:
8 years of experience at the European Central Bank
5 years of experience at the International Monetary Fund, including the Asian Crisis (Thailand)
Research responsibility for the ECB Financial Stability Report (since inception)
More than 20 publications in financial stability and related areas
Prof. Reint Gropp, PhD
Default prediction models of banks
Bank capital decisions
Liability structures of banks
Real effects of finance
Prof. Dr. Falko Fecht
Academic Experience:
Senior Professor at EBS Business School, Wiesbaden
Research Professor at the Deutsche Bundesbank
Visiting Scholar at the Federal Reserve Bank of Cleveland
Visiting Researcher at the European Central Bank
Visiting Researcher at the Federal Reserve Bank of Kansas City
Research Interests:
Microeconomics of Banking and other Financial Institutions
Financial Supervision and Banking Regulation
Economics of Payment Systems
Central Banking Experience:
Research visits to the Federal Reserve Banks of Kansas City, Cleveland, Dutch Central Bank and European Central Bank
Research coordinator for “Monetary policy implementation and payment systems” at Deutsche Bundesbank
Research coordinator for “Financial Structures” at Deutsche Bundesbank
Economist at Deutsche Bundesbank in the Money, Credit and Capital Markets Section of the Economics Department
More than 12 publications in liquidity management an central banking
Open Market Operations and Interbank Markets
Financial Stability and Financial Crises
Liquidity Crises and Liquidity Provision
Academic Experience:
Adjunct Professor of Financial Institutions, EBS Business School, Wiesbaden
Visiting Lecturer, University of Freiburg
Instructor, Case Western Reserve
Instructor, Cleveland State University
Visiting Lecturer, University of Konstanz
Assistant Professor, Indiana University
Lecturer and Assistant Professor, Washington State University
Research Interests:
Econometrics Money
Banking
Payment systems
Central Banking Experience:
16 years experience in the Federal Reserve System
Currently Economic Advisor at the Federal Reserve Bank of Cleveland
Visiting Scholar at Deutsche Bundesbank since 2007
More than 15 publications in monetary policy and central banking related issues
Prof. Ben Craig, PhD
Monetary operations
Monetary policy
