September 24 2015 / Frankfurt, USA

Stephen A. Ross receives the Deutsche Bank Prize in Financial Economics 2015

The Center for Financial Studies (CFS) honors Stephen A. Ross, laureate of the Deutsche Bank Prize in Financial Economics 2015, with a symposium entitled “What Market Prices Tell Us”.

Steven A. Ross receives Deutsche Bank Prize in Financial Economics

Leading financial economists discussed Ross’s work, its relevance and its contribution to the global financial industry and academic world.

Stephen A. Ross was announced as laureate in March 2015. Jürgen Fitschen, Co-Chief Executive Officer of Deutsche Bank AG, and Jan P. Krahnen, Jury Chairman and CFS Director, presented the award to Ross during a ceremony prior to the symposium. Philip H. Dybvig, Professor of Banking and Finance at Washington University, gave the laudation.

Jürgen Fitschen says: “As one of the most influential financial economists of our time, Stephen A. Ross is a very deserving award winner of the Deutsche Bank Prize in Financial Economics. The models developed by him have not only profoundly shaped economic theory but also influenced financial practice and policy during the past 25 years.”

Jan P. Krahnen points out: “We feel privileged to have gathered some of the world’s most distinguished researchers for our symposium in honor of Stephen A. Ross. This underlines Ross’s fundamental contributions to the analytical development of financial economics and attests to the international reputation of the award.”

“I feel honored that such a high-profile Jury has awarded me with the renowned Deutsche Bank Prize in Financial Economics,” says Stephen A. Ross. “I would also like to thank my much-respected academic colleagues for participating in the symposium organized by the Center for Financial Studies. In the light of the growing complexity of financial markets, an exchange of ideas and approaches is crucial to advance the understanding of market mechanisms.”

Jury statements 2015

Deutsche Bank Prize in Financial Economics: an award for exceptional achievements in macroeconomics

The academic prize is sponsored by the Deutsche Bank Donation Fund and carries an endowment of €50,000. The CFS awards the prize biannually in partnership with Goethe University Frankfurt. It will be presented to Stephen A. Ross as part of an academic symposium in Frankfurt on 24 September 2015. The Deutsche Bank Prize in Financial Economics honors internationally renowned economic researchers whose work has a marked influence on research concerning questions of financial economics and macroeconomics, and has led to fundamental advances in economic theory and practice.

Stephen A. Ross is the Franco Modigliani Professor of Financial Economics at the MIT (Massachusetts Institute of Technology) Sloan School of Management and has held academic appointments at other renowned universities such as Yale University and the University of Pennsylvania (Wharton School). Aside from pursuing a distinguished university career, Stephen A. Ross, he holds a PhD in Economics from Harvard, has worked as an advisor to the financial sector, major corporations, and government departments.

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Recipients of the Deutsche Bank Prize in Financial Economics 2005 to 2015

2015: Stephen A. Ross

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Stephen A. Ross is the Franco Modigliani Professor of Financial Economics at the MIT (Massachusetts Institute of Technology) Sloan School of Management and has held academic appointments at other renowned universities such as Yale University and the University of Pennsylvania (Wharton School). Aside from pursuing a distinguished university career, Stephen A. Ross, he holds a PhD in Economics from Harvard, has worked as an advisor to the financial sector, major corporations, and government departments.

As well as a globally recognized academic and a widely published author in finance and economics, Stephen A. Ross is a member of the American Academy of Arts and Sciences. In 1988, he led the American Finance Association as its President. Stephen A. Ross currently also serves as an associate editor of several economics and finance journals. He is the author of more than 100 articles in economics and finance and co-author of the best-selling textbook Corporate Finance.

2013: Raghuram G. Rajan

2011: Kenneth Rogoff

2009: Robert Shiller

2007: Michael Woodford

2005: Eugene Fama

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