1992 PhD,BonnUniversity(European Doctoral Programme)
1988 Diploma in Economics,BonnUniversity
1984 Bachelor in Computer Science,BonnUniversity
1981 Abitur, Engelbert von Berg Gymnasium, Wipperfürth
2007- Head of the Department of Banking and Finance (former Swiss Banking Institute),University of Zurich,Switzerland
2006 – Full Professor for Financial Economics, Department of Banking and Finance, University of Zurich,Switzerland
1999 – 06 Full Professor for Financial Markets and Monetary Macroeconomics, Institute for Empirical Research in Economics,University of Zurich,Switzerland
1996 – 99 Professor for Economic Theory,University of Bielefeld,Germany
1992 – 96 Assistant Professor, Economics Department II (Prof. Werner Hildenbrand),Bonn University,Germany
1988 – 92 Research Assistant and Lecturer, Economics Department II (Prof. Werner Hildenbrand),Bonn University,Germany
Publications related to this theme
”Stability of Tâtonnement Processes of Short Period Equilibria with Rational Expectations”, Journal of Mathematical Economics, Vol. 28, pp. 41-67.
“Evolutionary Stability of Portfolio Rules”, joint with K. R.Schenk-Hoppé, Journal of Mathematical Economics, Vol. 41(1-2), February 2005, pp. 43-66.
“Sunspot Equilibria and the Transfer Paradox”, joint with Beate Pilgrim, Economic Theory, Vol. 24, pp. 583-602.
”Market Selection of Financial Trading Strategies: Global Stability”, joint with Igor Evstigneev and Klaus Reiner Schenk-Hoppé, Mathematical Finance, Vol. 12, pp. 329-339.
”Do Sunspots Matter when Spot Market Equilibria are Unique?”, Econometrica Vol. 68(2), pp. 435-441.
“An Evolutionary Explanation of the Value Premium Puzzle”, joint with Terje Lensberg, Klaus Reiner Schenk- Hoppé and Peter Woehrmann, forthcoming in Journal of Evolutionary Economics.
“Financial Market Equilibria with Cumulative Prospect Theory”, joint with Enrico De Giorgi and Marc Oliver Rieger, Journal of Mathematical Economics, Vol. 46(5), pp. 633-651.
“Globally Evolutionary Stable Portfolio Rules”, joint with Igor Evstigneev and Klaus Reiner Schenk-Hoppé, Journal of Economic Theory, May 08, Vol. 140, pp. 197-228.
“Limits to arbitrage when market participation is restricted”, joint with P. Jean-JacquesHerings and Arkadi Predtetchinskii, Journal of Mathematical Economics, Vol. 42(4-5), August 2006, pp. 556-564.
“Evolutionary Stable Markets”, joint with Evstigneev, I. V. and Schenk-Hoppé, K. R., Economic Theory, Vol. 27(2), February 2006, pp. 449 – 468.
“Markets Do Not Select For a Liquidity Preference as Behaviour Towards Risk”, joint with Klaus Reiner Schenk-Hoppé, Journal of Economic Dynamics and Control, Vol. 30(2), February 2006, pp. 279 – 292.
“Market selection and survival of investment strategies”, joint with R. Amir, I. Evstigneev and K. R. Schenk-Hoppé, Journal of Mathematical Economics, Vol. 41(1-2), February 2005, pp. 105-122.
“Nash Competitive Equilibria and Two Period Fund Separation”, joint with Stefan Reimann and Bodo Vogt, Journal of Mathematical Economics Vol 40, pp. 321-346.
”An Evolutionary Approach to Financial Innovations”, joint with M.-O. Bettzüge, The Review of Economic Studies, Vol. 68(3), pp. 493-522.
”On the Dissaggregation of Excess Demand Functions when Markets are Incomplete: The Case of Nominal Assets”, joint with Piero Gottardi, Economic Theory, Vol. 13(2),
”Exchange Rates and Oligopoly”, joint with E. Jäger, A. Kirmanand L. Phlips, European Economic Review, Vol. 43, pp. 621-648.
“Market Demand Functions in the CAPM”, joint with Jean-Marc Bottazzi and Andras Loeffler, Journal of Economic Theory, Vol.79, pp.192-206.
”Exchange Rates and Perfect Competition”, Journal of Economics, Vol. 65, pp. 151-161.
”The Survival Assumption and Existence of Competitive Equilibria when Asset Markets are Incomplete”, joint with Piero Gottardi, Universityof Cambridge, Journal of Economic Theory, Vol. 71, December 1996, pp. 313-323.
”On Excess Demand Functions with Incomplete Markets”, joint with J.-M. Bottazzi, Journal of Economic Theory, Vol. 68, No.1, pp. 49-63.