Research and teaching in the areas of monetary economics, macroeconomics, and finance in Frankfurt are being revolutionized by the establishment of the House of Finance at Goethe University, Frankfurt. Its establishment is intended to encourage interactions between academic departments, research institutes, and practitioners, as well as the development of innovative teaching programs that combine the strengths of its various constituents. Since August 2008, the Departments of Money and Macroeconomics, and Finance have joined forces with major research centers and institutes, such as the Center for Financial Studies (CFS), the Institute for Monetary and Financial Stability (IMFS) and the newly found research center for Sustainable Architecture for Finance in Europe (SAFE) to establish the House of Finance at Goethe University. Furthermore, the House of Finance also maintains strong ties to the Goethe Business School and the university’s law faculty to strengthen collaborative interaction between law and finance.
The Master’s Program in Money and Finance (MMF) is an innovative joint venture of the Department of Money and Macroeconomics and the Department of Finance, located in the House of Finance, and is taught entirely in English, the language of the profession. The Faculty of Economics and Business, within which the Department of Money and Macroeconomics and the Department of Finance operate, is accredited by AACSB in the United States. The inaugural 2008 MMF class had 29 students, 22 of whom are international students from 19 different countries. By 2013, the number of new students that join every year jumped to 45, with more than 30 of these being international students. At present, 40 students are accepted into the MMF program each year.
The House of Finance occupies impressive newly-built premises on the new Westend Campus of Goethe University, right in the heart of Frankfurt. It is situated next to Grüneburgpark and in proximity to the European Central Bank, the German Bundesbank, and a vast array of banking and financial industry firms. MMF students attend lectures in modern, fully-equipped lecture halls at the House of Finance, and at the newly-built Lecture Hall Center directly opposite the Faculty building.