Bendheim Center for Finance
| Bendheim Center for Finance | |
|---|---|
 The Julis Romo Rabinowitz Building houses Princeton's Bendheim Center for Finance |
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| Facility location: | Princeton University , Princeton, NJ 08544, USA |
| Type of research: | Basic research |
| Areas of expertise: | Money and financial market economics |
| Management: | Markus Brunnermeier |
| Homepage: | https://bcf.princeton.edu/ |
The Bendheim Center for Finance (BCF) is an interdisciplinary research center at Princeton University . It was founded in 1997 on the initiative of Ben Bernanke and is dedicated to research and teaching in the fields of money and financial market economics.
task
The Bendheim Center for Finance conducts basic economic research and teaching in the areas of money and financial market economics. It pursues the goal of contributing to a technologically modern and stable architecture of the international financial market for the benefit of our global society.
Members
The majority of the members of the Bendheim Center are professors in the Department of Economics at Princeton University . The members are also recruited from other departments of the university, for example those for psychology , computer science , and operations research .
The current and former members of the Bendheim Center received a variety of awards. Daniel Kahneman (2002), Paul Krugman (2008), and Christopher Sims (2011) received the Alfred Nobel Memorial Prize for Economics . Yuliy Sannikov (2016) was awarded the John Bates Clark Medal . The Fischer Black Prize was awarded to Harrison Hong (2009) and Sannikov (2015). Markus Brunnermeier received the Germán Bernácer Prize (2008). Daniel Kahneman was honored with the Presidential Medal of Freedom (2013). Markus Brunnermeier (2004) and Wei Xiong (2012) won the Smith Breeden Prize , Atif Mian (2010) and Brunnermeier (2013) the Brattle Prize .
In addition, numerous members of the Center have received fellowships, including those of the Econometric Society , the National Academy of Sciences , the Society for Industrial and Applied Mathematics , the Institute of Mathematical Statistics , the American Economic Association , the Guggenheim Fellowship , and Sloan Research Fellowship .
research
The Bendheim Center for Finance has developed an outstanding reputation in the academic world within a few years. It benefited from the fact that the research focus of the Bendheim Center, the imperfections of the financial markets and financial market economics, gained rapidly in influence after the dot-com bubble burst in 2000. A similar role was played by empirical research on real estate markets and research on the consideration of the financial sector and financial frictions in models of money and macroeconomics . These models were central to the realignment of money and macroeconomics, financial market regulation , and the design of the architecture of international financial markets after the global financial crisis from 2007.
courses
The Bendheim Center for Finance supports both bachelor and master students as well as doctoral students in research and academic teaching .
Undergraduate Certificate in Finance
Students of all disciplines at Princeton University can earn a Certificate in Finance at the Bendheim Center during their undergraduate studies . The admission requirements for this program require a basic knowledge of mathematics , probability theory , and statistics . Students must complete a compulsory course in Asset Pricing and Corporate Finance . The elective courses deal with the areas of behavioral finance , data science , portfolio theory , money and banking , financial crises , risk management , IT in finance, public policy , ethics in finance and the Chinese economy . The Bendheim Center also offers its students a mentoring program which, among other things, provides contacts to alumni . Around 90 students are currently taking part in the “Undergraduate Certificate in Finance” program. Around two-thirds of these students are enrolled in economics . The other students come from the fields of computer science , history , mathematics and engineering .
Master in Finance
The Master in Finance course is primarily aimed at students who are striving for a career in the field of asset management , securities trading , risk management , fintech , macroeconomic and financial forecasting , or applied financial market research. The master’s degree usually lasts four semesters, but can be shortened to two semesters if you have sufficient prior knowledge. The course places particular emphasis on imparting knowledge in financial market economics , data analysis and technology, and computational economics. Since quantitative methods represent the focus of the courses, the course is also interesting for students with a great deal of prior knowledge, such as physicists . Around 35 students are accepted into the course every year. This corresponds to a quota of around 5 percent of the applications. The New York Sun described the program as a popular alternative to an MBA , particularly for future careers in securities trading or hedge funds .
Ph.D. program
The Bendheim Center for Finance does not offer its own Ph.D. Program. But it is the contact point and home for PhD students interested in finance , for example from the fields of economics , operations research , and mathematics . The Bendheim Center supervises the doctoral students and offers courses in finance and related areas. In addition, the institute organizes a weekly research seminar for doctoral students.
Seminars, lecture series, and conferences
In addition to the student research seminar, the Bendheim Center for Finance also organizes a weekly finance seminar and the “Princeton Finance Lectures” series. This series of lectures is given every year by an economist who is outstanding in the field of finance. In recent years these have been Raghuram Rajan , Jeremy Stein, Ben Bernanke , Andrei Shleifer , Robert Shiller , Robert F. Engle , Robert C. Merton , and Lars Peter Hansen . The Bendheim Center for Finance also organizes regular conferences. In the past, for example, they dealt with the worsening financial market risks in China and fintechs . The institute is also involved in organizing the Princeton Initiative: Macro, Money and Finance every year. This initiative brings together around 75 outstanding doctoral students from numerous universities to familiarize them with the latest research results in the interface between money, financial market and macroeconomics . In the “Career Speaker Series”, guests from industry, governments or research-related institutions address a variety of topics. These lectures are aimed at both undergraduate and postgraduate students .
Individual evidence
- ^ About the Bendheim Center. Bendheim Center for Finance, accessed January 31, 2018 .
- ↑ Mission Statement. Bendheim Center for Finance, accessed January 23, 2018 .
- ^ Faculty. Bendheim Center for Finance, accessed January 23, 2018 .
- ^ Prizes and Awards. Bendheim Center for Finance, accessed January 29, 2018 .
- ^ Nobel Laureates in Economics. Nobel Media AB, accessed January 29, 2018 .
- ↑ Clark Medalists. American Economic Association, accessed January 29, 2018 .
- ^ Fischer Black Prize. American Finance Association, accessed January 29, 2018 .
- ↑ Bernácer Prize Winners. Bernázer Price, accessed January 29, 2018 .
- ^ President Obama Names Presidential Medal of Freedom Recipients. The White House, Office of the Press Secretary, August 8, 2013, accessed January 29, 2018 .
- ^ Smith Breeden and Brattle Prize Winners. American Finance Association, accessed January 29, 2018 .
- ^ Econometric Society Fellows. The Econometric Society, accessed January 29, 2018 .
- ^ SIAM Fellows by Last Name. Society for Industrial and Applied Mathematics, accessed January 29, 2018 .
- ^ IMS Fellows. (No longer available online.) Institute of Mathematical Statistics, archived from the original on March 2, 2014 ; accessed on January 29, 2018 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ AEA Distinguished Fellows. American Economic Association, accessed January 29, 2018 .
- ↑ All Fellows. John Simon Guggenheim Memorial Foundation, accessed January 29, 2018 .
- ^ Past Fellows. Alfred P. Sloan Foundation, accessed January 29, 2018 .
- ↑ Justin Lahart: Bernanke's Bubble Laboratory. The Wall Street Journal, May 16, 2008, accessed July 24, 2008 .
- ↑ Michael Corkery: Ben Bernanke's Labor Day Reading List. The Wall Street Journal, September 2, 2010, accessed September 3, 2010 .
- ↑ Undergraduate Certificate in Finance. (No longer available online.) Bendheim Center for Finance, archived from the original on January 31, 2018 ; accessed on January 29, 2018 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Admission to the Undergraduate Certificate in Finance. Bendheim Center for Finance, accessed January 29, 2018 .
- ↑ Undergraduate Certificate in Finance Courses. Bendheim Center for Finance, accessed January 29, 2018 .
- ^ Undergraduate Mentorship and Placement. (No longer available online.) Bendheim Center for Finance, archived from the original on July 13, 2017 ; accessed on January 29, 2018 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Undergraduate Certificate in Finance Alumni. Bendheim Center for Finance, accessed January 29, 2018 .
- ^ Undergraduate Certificate in Finance Students. Bendheim Center for Finance, accessed January 29, 2018 .
- ↑ Master in Finance. Bendheim Center for Finance, accessed January 29, 2018 .
- ↑ Master in Finance Courses. Bendheim Center for Finance, accessed January 29, 2018 .
- ^ Michael Price: Physicists Learn a Trade. Science Magazine, August 3, 2012, accessed January 29, 2018 .
- ↑ Master in Finance Recruiting. (No longer available online.) Bendheim Center for Finance, archived from the original on October 14, 2017 ; accessed on January 29, 2018 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Liz Peek: Princeton's Finance Program A Popular Alternative to MBAs. The New York Sun, June 20, 2006, accessed March 8, 2017 .
- ↑ For Ph.D. Students. Bendheim Center for Finance, accessed January 29, 2018 .
- ↑ Ph.D. Courses. Bendheim Center for Finance, accessed January 29, 2018 .
- ^ Student Research Workshop. Bendheim Center for Finance, accessed January 29, 2018 .
- ↑ seminars. Bendheim Center for Finance, accessed January 29, 2018 .
- ^ Conferences. Bendheim Center for Finance, accessed January 29, 2018 .
- ↑ Initiatives. Bendheim Center for Finance, accessed January 23, 2018 .
- ^ Career Speaker Series. Bendheim Center for Finance, accessed January 29, 2018 .
