WHU
In 1993, the Chair of Macroeconomics and International Economics was founded with Professor Dr. Michael Frenkel as Chairholder. Under his direction, the Chair’s focus is on the economic education at WHU.
The research areas include International Financial Markets, Macroeconomics of Open Economies, European Integration, and Development Economics.

Our team

Dörthe Barlach
Dörthe Barlach
Personal Assistant
Maximilian Ambros
Maximilian Ambros
Research Assistant
Leoni Mendler
Leoni Mendler
Research Assistant
Daniel Bembennek
Daniel Bembennek
External Doctoral Student

An economic education at WHU – Our teaching and courses.

The Chair of Macroeconomics and International Economics offers courses within the different study programs offered at WHU: the Bachelor of Science Program, the Master of Science Program, the MBA Program, the Kellogg-WHU Executive MBA Program, and courses in the fields of the Doctoral Program. The language of instruction is mostly English.

Professor Dr. Michael Frenkel, adjunct professors and doctoral students teach these lectures. Generally, individual courses are concluded with written examinations, and case studies may be examined or essays produced.

The Chair is happy to supervise internship projects and theses alongside its normal teaching activities.

You can receive information regarding the placing of Bachelor or Master Theses from Maximilian Ambros.

Our publications – Articles, books, and contributions.

Professor Dr. Michael Frenkel has more than 100 publications in the fields of macroeconomics and international finance. He is co-author of German textbooks on growth theory and national income accounting. He is published in a number of international journals and has contributed to numerous books as both editor and author. He serves on the editorial board of the Global Finance Journal and the International Journal of Business.

Research papers of the Economics Group are available at our Working Paper Series.

Economics Group

Frenkel, M., Stefan, H. (accepted pre-print), The impact of the brexit referendum on greenfield foreign direct investments from countries within and outside the European single market, Applied Economics Letters.

Economics Group

Frenkel, M., Ngo, N. T. (accepted pre-print), Service offshoring and its impacts on wages: an occupation-oriented analysis of Germany, The World Economy.

Economics Group

Frenkel, M., Stadtmann, G., Zimmermann, L. (2023), Labor market effects of COVID-19 supply shocks: Auswirkungen von COVID-19-Schocks auf den Arbeitsmarkt, International Journal of Management and Economics, Vol. 59 (1), pp. 3-12.

Economics Group

Fendel, R., Frenkel, M. (2022), Special issue on "financial crisis and its effects on the European economy", Global Finance Journal, Vol. 51, 100544.

Economics Group

Collingro, F., Frenkel, M. (2022), Fiscal multipliers in the euro area: a comparative study, The Quarterly Review of Economics and Finance, Vol. 84, pp. 386-397.

Economics Group

Frenkel, M., Jung, J.-K., Rülke, J.-C. (2022), Testing for the rationality of central bank interest rate forecasts, Empirical Economics, Vol. 62 (3), pp. 1037–1078.

Economics Group

Ambros, M., Frenkel, M. (2022), What determines COVID-19 vaccination rates in Germany?, Jahrbücher für Nationalökonomie und Statistik = Journal of Economics and Statistics, Vol. 242 (1), pp. 149-157.

Economics Group

Der Überschussgewinn

Frenkel, M., Stefan, H. (2022), Der Überschussgewinn, Das Wirtschaftsstudium, Vol. 51 (5), pp. 595-604.

Economics Group

Ambros, M., Frenkel, M. (2022), Sinken die Realzinsen kontinuierlich und gilt somit der Fisher-Effekt nicht? theoretische Argumente und empirischer Befund, Wirtschaftswissenschaftliches Studium, Vol. 51 (9), pp. 25-32.

Economics Group

Ambros, M., Frenkel, M., Huynh, T. L. D., Kilinc, M. (2021), COVID-19 pandemic news and stock market reaction during the onset of the crisis: evidence from high-frequency data, Applied Economics Letters, Vol. 28 (19), pp. 1686-1689.

9th edition, Verlag Franz Vahlen, München

Volkswirtschaftliche Gesamtrechnung” (National Income Accounting)

Michael Frenkel und Ralf Fendel
1st Edition, London (Routledge), (2020)

The Economics of Cryptocurrencies.

J. Mark Munoz, Michael Frenkel
8th Edition, Munich (Verlag Franz Vahlen), (2016)

Volkswirtschaftliche Gesamtrechnung (National Income Accounting).

M. Frenkel, Ralf Fendel, Klaus Dieter John
2nd Edition, Heidelberg, Berlin, New York (Springer Verlag), (2004)

Risk Management: Challenge and Opportunity.

M. Frenkel, Ulrich Hommel, Markus Rudolf
Heidelberg, Berlin (Springer Verlag), (2004)

Sovereign Risk, Financial Crises and Stability.

M. Frenkel, Alexander Karmann, Bert Scholtens
Berlin (Springer Verlag), (2000)

Stabile Weltfinanzen? Die Debatte um eine neue Internationale Finanzarchitektur (A Stable World Financial System? - The Discussion about a New International Financial Architecture).

M. Frenkel, Lukas Menkhoff
Munich (Verlag Franz Vahlen), (1999)

Grundlagen der Wachstumstheorie (Growth Theory: An Introduction).

M. Frenkel, Hans-Rimbert Hemmer
Wiesbaden, (1996)

GATT und neue Welthandelsordnung - Globale und regionale Herausforderungen (GATT and the New World Trade Regime – Global and Regional Challenges).

M. Frenkel, Dieter Bender
Baden-Baden, (1994)

Wechselkursvolatilität und Terminkurs­ver­zer­rungen: Empiri­scher Befund und Erklä­rungs­­ansätze (Exchange Rate Volatility: Empirical Evidence and Forward Rate Bias).

M. Frenkel
St. Gallen, (1993)

Einführung in die Makroökonomik offener Volkswirtschaften (Introduction to Open Economy Macroeconomics).

M. Frenkel
Hamburg (Dissertation), (1985)

Makroökonomik des Protektionismus bei festen und flexiblen Wechselkursen (Macroeconomics of Protectionism Under Fixed and Flexible Exchange Rates).

M. Frenkel
Volume 1

Insider und Outsider bei der Osterweiterung der Europäischen Währungsunion.

Christiane Nickel
Volume 2

Noise-Trader auf Devisenmärkten Viel Lärm um Nichts?

Georg Stadtmann
Volume 3

Trade and Technology as Competing Explanations for Rising Inequality An Endogenous Growth Perspective.

Wolf-Heimo Grieben
[Translate to German:] Volume 4

Order Flow Analyses and Foreign Exchange Dealing.

Alexander Mende
Volume 5

Determinants of Foreign Direct Investment in Emerging Markets An Empirical Study of FDI Flows from Germany and its Banking Sector.

Torsten Wezel
Volume 6

The Behaviour of Interest Groups in Trade and Industry Towards Monetary Policy and Central Banks Theory and Evidence on Germany and the Euro Area.

Steffen Kern
Volume 7

Kapitalbilanzliberalisierung in der Volksrepublik China und ihre Einbettung in den volkswirtschaftlichen Reformprozess.

Holger Michaelis
Volume 8

Monetary Policy, Interest Rate Rules, and the Term Structure of Interest Rates Theoretical Considerations and Empricial Implications.

Ralf Fendel
Volume 9

Balance of Payments Issues in Central and Eastern European Countries' Run-Up to Euro Area Accession.

Katja Funke
Volume 10

Equilibrium Exchange Rate Models, the Euro and the 2004 Expansion of the EU.

Isabell Koske
Volume 11

Protektionsmöglichkeiten in der WTO? Geistige Eigentumsrechte im TRIPs-Abkommen und die Forderung nach Sozial- und Umweltstandards.

Dennis Stremmel
Volume 12

From Early Warning Systems to Asset Managers' Behavior: Evidence for Mature and Emerging Markets.

Daniela Beckmann
Volume 13

Information or Market Power: What is Governing Dealers' Pricing Behaviour in FX Markets?.

Markus A. Schmidt
Volume 14

Expectations in Financial Markets - A Survey Data Approach.

Jan-Christoph Rülke
Volume 15

The New Open Economy Macroeconomics of Exchange Rate Pass-Through and Foreign Direct Investment.

Christoph Swonke
Volume 16

Der Weg der mittel- und osteuropäischen Länder in die Europäische Währungsunion.

Dorothea Watzlaw
Volume 17

Essays on International Asset Management: Evidence for Developed West and Emerging East.

Marina Nikiforow
8th edition, Staatslexikon

Volkswirtschaftliche Gesamtrechnung

Ralf Fendel und Michael Frenkel
The Economics of Cryptocurrencies (ed. by Mark Munoz and Michael Frenkel), New York (Routledge) 2021

Cryptocurrencies in an economic context: An Introduction

Mark Munoz und Michael Frenkel
Kompendium der Wirtschaftstheorie und Wirtschaftspolitik II, 10th edition, Verlag Franz Vahlen, München Mai 2021, pp. 279-377

Wachstum und Entwicklung.

D. Bender, M. Frenkel
Staatslexikon: Recht, Wirtschaft, Gesellschaft, April 2020

Input-Output-Rechnung die Input-Output-Rechnung als Teil der volkswirtschaftlichen Gesamtrechnung.

M. Frenkel
Empter, S. and R. B. Vehrkamp (eds.), Wirtschaftsstandort Deutschland, Wiesbaden 2006, pp. 79-98

Global Competitiveness - Germany in the Ranking of the World Economic Forum.

M. Frenkel, R. Fendel
Ziekow, J. (ed.), Challenges of Globalization for National and Supranational Policies, Speyer 2006, pp. 31-50

Has the Liberalization of Financial Markets Gone too Far?

M. Frenkel
El-Shagi, M., and G. Rübel (eds.), Aspects of International Economics, Wiesbaden 2005, pp. 139.174

On Additional Conditions for Factor Price Equalization in International Heckscher-Ohlin Models.

M. Frenkel, T. Trauth
Dreger, C. and H. P. Galler (eds.): Schriften des Instituts für Wirtschaftsforschung Halle, Vol. 19, (2005), pp. 253-273

The Intervention Activity of the Bank of Japan and Federal Reserve in the Yen/U.S. Dollar Market.

M. Frenkel, C. Pierdzioch, G. Stadtmann
Schweikart, N. and L. Kaufmann (eds.): Lateinamerika-Management (Latin America Management), Wiesbaden 2004, pp. 65-83

Determinants of German FDI Flows to Latin American Emerging Markets.

M. Frenkel, T. Wezel
Frenkel, M., Karmann, A., and B. Scholtens (eds.), Sovereign Risk, Financial Crises and Stability, Heidelberg/Berlin, 2004, pp. 127-141

Crises and Contagion in Financial Markets.

M. Frenkel, R. Fendel
Challenge and Opportunity, Springer, New York/Berlin 2004

Economic Risks of EMU.

M. Frenkel, P. McCracken
Reitz, S. (ed.), Theoretische und wirtschaftspolitische Aspekter der internationalen Integration ("Theoretical and political aspects of international integration"), Berlin 2003, pp. 99-118

Monetäre Probleme der EU- und EWU-Erwe.

M. Frenkel
Ohr, R. and Lang, F. P. (Hrsg.), Integration, Währung und Wachstum - Dimensionen internationaler Wirtschaftsbeziehungen, Festschrift for Dieter Bender, Berlin 2002, pp. 243 263

Capital Controls: A Survey on Theoretical and Empi

M. Frenkel
Frenkel, M., Karmann, A., and B. Scholtens (eds.), Sovereign Risk, Financial Crises and Stabilty, Heidel­berg/Berlin 2004, pp. 127-141

Financial Markets between Crises and Stability.

M. Frenkel, R. Fendel
Fendt, R. and del Tedesco Lins, M. A. (eds.), Arquitetura Assimétrica, São Paulo 2002, pp. 239-27

Propostas de reformas para um novo sistema financeiro internacional.

M. Frenkel, L. Menkhoff
Siebert, H. (ed.), The World’s New Financial Landscape: Challenges for Economic Policy, Springer, Heidelberg/Berlin 2001, pp. 285-290

Comment on P. R. Lane and G. M. Milesi-Feretti.

M. Frenkel
Moser T. and Schips, B. (eds.) EMU, Financial Markets, and the World Economy, Kluwer Academic Publishers, Boston 2000, pp. 11-30

How does EMU Affect the Dollar and the Yen as International Reserve and Investment Currencies.

M. Frenkel, J. Søndergaard
in: Karmann, A. (ed.), Financial Structure and Stability, Physica Publisher, Heidelberg/New York, 2000, pp. 83-103

What Explains the Asian Balance of Payments Crisis?.

M. Frenkel
Challenge and Opportunity, Springer, New York/Berlin 2000, pp. 335-356

Economic Risks of EMU.

M. Frenkel, P. McCracken
WHU Koblenz (ed.), Structure and Dynamics of the German Mittelstand,” Heidelberg 1999, pp. 1-25

How important is the Mittelstand for the German Economy.

M. Frenkel, R. Fendel
Wagner, H. (ed.), Current Issues in Monetary Policies, Springer, New York 1998, pp. 177-241

Controversies on Exchange Rate Systems.

M. Frenke
Menkhoff, L., and Reszat, B. (eds.), Asian Financial Markets - Structures, Policy Issues and Prospects, Baden-Baden, 1998, pp. 45-60

Recent Balance of Payments Crises in East Asia.

M. Frenkel
Globale und regionale Auswirkungen (GATT and New World Trade Order - Global and Regional Challenges), Gabler Publisher, Wiesbaden 1996, pp. 13-44

The decisions of the Uruguay round: background, content and evaluation.

M. Frenkel, Karin Radeck
Globale und regionale Auswirkungen (GATT and New World Trade Order - Global and Regional Challenges), Gabler Publisher, Wiesbaden 1996, pp. 201-226

The decisions of the Uruguay round in light of the New Growth Theory.

M. Frenkel, T. Trauth
Siebke, J. (ed.), Monetäre Konfliktfelder der Weltwirtschaft (Areas of Monetary Conflicts in the World Economy), Tübingen 1990, pp. 411-427

The Transformation to European Monetary Union: Fiscal Harmonization and Exchange Rate.

M. Frenkel, M. Klein
Blog Wirtschaftliche Freiheit, März 2023

Wer braucht den digitalen Euro?

Michael Frenkel
VWA, Sondervortrag, Juni 2021

Macht ein bedingungsloses Grundeinkommen Sinn?

M. Frenkel
ICAM, April 2021

The xperience of WHU with the new 2021 AACSB standards.

M. Frenkel
Vortrag beim Rotary Club Koblenz, April 2021

Kommt die Inflation zurück?

M. Frenkel
Interview für Sasin School of Management Bangkok, März 2021

A look at the school from a European perspective.

M. Frenkel
Vortrag beim Forum Christlicher Wirtschaftswissenschaftler, März 2021

Ein Nein zum bedingungslosen Grundeinkommen.

M. Frenkel
Vortrag beim Rotary Club Koblenz, März 2021

Auswirkungen der COVID-19-Pandemie auf die Hochschulausbildung in Deutschland.

M. Frenkel
Vortrag beim Rotary Club Koblenz, Januar 2021

Bidenomics – Die sich abzeichnende Politik von Joe Biden.

M. Frenkel
Vortrag bei Opinio, Januar 2021

Twelve Rules for Good Debates.

M. Frenkel
Interview mit dem Wirtschaftsforum, Januar 2021

Was in diesem Jahr wichtig ist und welche Gefahr droht?

M. Frenkel
Interview mit „Campus TV“ von TV Mittelrhein, Juli 2020

Die Rezession wird stärker als angenommen.

M. Frenkel
Wirtschaftspolitische Blätter, Vol. 62 (2/2015), pp. 365-375

Die Transatlantische Handel- und Investitionspartnerschaft TTIP: Eine Diskussion möglicher Effekte und wirtschaftspolitischer Implikationen.

M. Frenkel, R. Langhammer
Wirtschaftswissenschaftliches Studium (WiSt), Vol. 41 (2012), pp. 589-594

Der Zusammenhang von Leistungs- und Kapitalbilanz.

M. Frenkel, A. Tudyka
Das Wirtschaftsstudium (WISU), Vol. 41 (2012), pp. 1348-1352

Die Klausur.

M. Frenkel, J.-C. Rülke
Das Wirtschaftsstudium (WISU), Vol. 41 (2012), pp. 98-102

Die "Impossible Trinity" der Euro-Zone.

M. Frenkel, M. Mauch, J.-C. Rülke
Wirtschaftswissenschaftliches Studium (WiSt), Vol. 39 (2010), pp.284-288

Der Mikrostrukturansatz in der Wechselkurstheorie.

M. Frenkel, S. Reitz
Wirtschaftswissenschaftliches Studium (WiSt), Vol. 39 (2010), p. 169

Griechenland - Ein Lehrbuchbeispiel zu den Folgen einer Währungsunion.

M. Frenkel
Wirtschaftswissenschaftliches Studium (WiSt), Vol. 38 (2009), pp. 78-85

Die Subprime-Krise 2007/08: Ursachen und Auswirkungen und Lehren.

M. Frenkel, R. Fendel
Wirtschaftswissenschaftliches Studium (WiSt), Vol. 6 (2007), p. 277

Schnelle Aufwertung des Renmimbi - ökonomisch sinnvoll?

M. Frenkel
Das Wirtschaftsstudium (WISU), Vol. 36 (2007), pp. 1596-1600

Globalisierung und Zahlungsbilanzanpassung.

M. Frenkel, R. Fende
Das Wirtschaftsstudium (WISU), Vol. 36 (2007), pp. 972-976

Examensklausur zur Volkswirtschaftslehre.

M. Frenkel, R. Fendel
The Melbourne Review, Vol. 2 (2006), pp. 46-54

Europe - A Market Too Large to Overlook.

M. Frenkel
Das Wirtschaftsstudium (WISU), Vol. 34 (2005), pp. 1279-1286

The New Keynesian Phillips Curve.

M. Frenkel, R. Fendel
Intereconomics, Vol. 40 (2005), pp. 29-35

The International Competitiveness of Germany and other European Economies: The Assessment of the Global Competitiveness Report.

M. Frenkel, R. Fendel
Wirtschaftswissenschaftliches Studium (WiSt), Vol. 34 (2005), p. 121, p. 164

Should the ECB Intervene to Support the US Dollar?

M. Frenkel
Wirtschaftsdienst, Vol. 85 (2005), pp. 26-32

Studies of International Competitiveness of Countries: What for?

M. Frenkel, R. Fendel
Das Wirtschaftsstudium (WISU), Vol. 33 (2004), pp. 1417-1423

The Generalized Methods of Moments: The Example of the Euler Consumption Equation.

M. Frenkel, R. Fendel
Das Wirtschaftsstudium (WISU), Vol. 33 (2004), pp. 458-464

The European Central Bank in Change.

M. Frenkel, R. Fendel
Wirtschaftsdienst, Vol. 84 (2004), pp. 174-179

The Pros and Cons of Inflation-Indexed Government Bonds.

M. Frenkel, R. Fendel
Wirtschafts­wissen­schaftliches Studium (WiSt), Vol. 33 (2004), pp. 140-146

Overacting in Financial Markets.

M. Frenkel, C. Pierdzioch, G. Stadtmann
WISU Studienblatt, Wirtschafts­wissen­schaftliches Studium (WiSt), Vol. 33 (2004), No. 1

Monetary Policy.

M. Frenkel, R. Fendel
Intereconomics, Vol. 38 (2003), S. 334-338

The New ECB Voting System: Some Room for Improvement.

M. Frenkel, R. Fendel
Wirtschaftswissenschaftliches Studium (WiSt), Vol. 32 (2003), pp. 693-698

Time Series Analysis – Part 2: Kointegration and Error Correction Models.

M. Frenkel, K. Funke, I. Koske
Wirtschafts­wissen­schaftliches Studium (WiSt), Vol. 32 (2003), pp. 545-550

Time Series Analysis – Part 1: Stationarity and Integration.

M. Frenkel, K. Funke, I. Koske
Das Wirtschaftsstudium (WISU), Vol. 32 (2003), pp. 538-544

Problems of Measuring Inflation.

M. Frenkel, C. Pierdzioch, G. Stadtmann
Wirtschafts­wissen­schaftliches Studium (WiSt), Vol. 32 (2003), pp. 136-141

Exchange Rate Effects of Sterilized Foreign Exchange Market Interventions.

M. Frenkel, C. Pierdzioch, G. Stadtmann
Intereconomics, Vol. 38 (2003), pp. 31-37

How Competitive are Europe’s Economies? Findings of the Global Competitiveness Report 2002-2003.

M. Frenkel
Das Wirtschaftsstudium (WISU), Vol. 32 (2003), pp. 111-118

The Optimal Design of Open Market Operations of the ECB.

M. Frenkel, C. Pierdzioch, G. Stadtmann
Deutschlands Abschneiden im Global Competitiveness Report 2002-2003

Germany’s Performance in the Global Competitiveness Report 2002-2003.

M. Frenkel, R. Fendel
Wirtschafts­wissen­schaftliches Studium (WiSt), Vol. 32 (2003), p. 1

Internationales Insolvenzrecht für Staaten.

M. Frenkel
Das Wirtschafts­studium (WISU), Vol. 32 (2003), pp. 111-118

The Optimal Design of the ECB’s Open Market Operations.

M. Frenkel, C. Pierdzioch, G. Stadtmann
The Financial Gazette, 12. Dezember 2002

What Drives Central Banks to Intervene.

M. Frenkel, G. Stadtmann
Wirtschaftsdienst, Vol. 82. (2002), pp. 548-554

Tobin Tax: New Proposals Do Not Invalidate Old Criticism.

M. Frenkel, R. Langhammer
Text for the curriculum in economics of the VWA, Koblenz 2002

Public Fincance and Macroeconomic Developments.

M. Frenkel
Volkswirtschaftliche Korres­pon­denz der Adolf-Weber-Stiftung, Vol. 41 (2002), No. 4

Argentina’s Currency Board Had to Collapse.

M. Frenkel
Wirtschafts­wissen­schaftliches Studium (WiSt), Vol. 31 (2002), p. 173

Even a Currency Board Can Collapse.

M. Frenkel
Text for the curriculum in economics of the VWA, Koblenz 2002

Introduction to International Economics.

M. Frenkel
Das Wirtschaftstudium (WISU), Vol. 31 (2002), pp. 1139-1147

Taylor Rule and Inflation Targeting.

M. Frenkel, R. Fendel
Frankfurter Allgemeine Zeitung, September 22, 2001, p. 15

Where is the IMF Heading?.

M. Frenkel, L. Menkhoff
Wirtschaftswissenschaftliches Studium (WiSt), Vol. 30 (2001), pp. 127- 134

Theoretical Aspects of IMF Adjustment Programs.

M. Frenkel, L. Menkhoff
Text for the curriculum in economics of the VWA, Koblenz 2001

Grundlagen der Makroökonomik.

M. Frenkel
Financial Times Deutschland, September 7, 2001, p. 30

No Tobin Tax to Regulate Capital.

M. Frenkel, G. Stadt­mann
Working Paper, Georgetown University, Department of Economics, January 2000

Inflation, Financial Activities and Endogenous Growth.

M. Frenkel, G. Mehrez
Wirtschaftsdienst, Vol. 80 (2000), pp. 338-342

Developments of the Euro Exchange Rate: Causes and Political Options.

M. Frenkel
Wirtschaftswissen­schaft­liches Studium (WiSt), Vol. 29 (2000), pp. 541

After the Euro now a Mundo?

M. Frenkel
Intereconomics, Vol. 35 (2000), Vol. 35, pp. 107-113

An Analysis of Competing IMF Reform Proposals.

M. Frenkel, L. Menkhoff
Zeitschrift für das gesamte Kreditwesen, Vol. 53 (2000), pp. 123-129

Prevention of Financial Crises Through the Private Sector?.

M. Frenkel, L. Menkhoff
Wirtschaftswissenschaftliches Studium (WiSt), Vol. 29 (2000), pp. 241, 300

Quarrel about the IMF.

M. Frenkel
Wirtschafts­wissen­schaftliches Studium (WiSt), Vol. 29 (2000), pp. 36 - 39

Nobelpreis für Wirtschaftswissenschaften 1999 an Robert A. Mundell.

M. Frenkel
Wirtschaftsdienst, Vol. 80 (2000), pp. 218-224

Which Concept Does Meltzer’s IMF Plan Follow?

M. Frenkel, L. Menkhoff
Hemmer, H.-R. und Kroh, W. (eds.), Developments in Growth Theory, Conference Volume, 3rd Limburg Conference, 2000

Developments in Growth Theory From the Neoclassical to Endogenous Growth Theory.

M. Frenkel
Wirtschaftswissenschaftliches Studium (WiSt), Vol. 28 (1999), pp. 141-144

EMS II: The New European Exchange Rate Mechanism.

M. Frenkel, C. Nickel
Bankhistorisches Archiv, Zeitschrift für Bankengeschichte, Beiheft 37, S. 71- 85

Credibility through Fixed Exchange Rates? – Experience of the Past 40 Years.

M. Frenkel
Das Wirtschaftsstudium (WISU), Vol. 28 (1999), pp. 584-598

Monetary Instruments of the European Central Bank.

M. Frenkel, G. Stadtmann
Wirtschaftswoche, Vol. 42 (1988), No. 48, pp. 92-98

Protectionism: Many Justifications – Wrong Promises.

M. Frenkel
Universität des Saarlands, Department of Economics, Research Report No. 9605, September 1996

Can the P-Star Model Be Applied to Emerging Markets?

M. Frenkel
Frankfurter Allgemeine Zeitung, October, 5, 1996

Growth Effects Through Trade.

M. Frenkel, T. Trauth
Universität des Saarlands, Department of Economics, Research Report No. 9501, July 1995.

The Economics of German Unification: A Simple Intertemporal Approach.

M. Frenkel
Wirtschaftswissenschaftliches Studium (WiSt), Vol. 24 (1995), pp. 8-15

Recent Developments in Exchange Rate Theory.

M. Frenkel
Intereconomics, Vol. 29 (1994), No. 1, pp. 10-17

Germany's International Competitive Position Under Siege.

M. Frenkel
Wirtschaftswissenschaftliches Studium (WiSt), Vol. 22 (1992), pp. 415-418

The Theory of Currency Crises.

M. Frenkel, M. Klein
Wirtschaftswissenschaftliches Studium (WiSt), Bd. 21 (1992), pp. 113-117

European Monetary Union With or Without Fiscal Restrictions?.

M. Frenkel, M. Klein
Das Wirtschaftsstudium (WISU), Vol. 20 (1991), No. 10, pp. 685-689

International Price Discrimination and Dumping.

M. Frenkel
Wirtschaftswissenschaftliches Studium (WiSt), Vol. 20 (1991), pp. 171-175

Time Inconsistency and Monetary Policy; with P. Bofinger.

M. Frenkel
Hedging with Currency and Interest Options), Das Wirtschaftsstudium (WISU), Vol. 20 (1991), No. 1, pp. 266-269

Hedging mit Währungs- und Zins-Futures.

M. Frenkel
Wirtschaftsdienst, Vol. 71 (1991), No. 3, pp. 137-143

Man­datory Fiscal Harmonization Through the European Monetary Union?

M. Frenkel, M. Klein
Das Wirtschaftsstudium (WISU), Vol. 19 (1990), No. 12, pp. 685-687

Foreign Exchange Options: How Do They Work and How Can One Use Them?.

M. Frenkel
University of Frankfurt, Department of Economics, Working Paper, July 1989

The Social Welfare Approach to Monetary Policy Reconsidered.

M. Frenkel, P. Bofinger
Wirtschaftswissenschaftlichen Studium (WiSt), Vol. 18 (1989), pp. 385-388

International Trade Effects With Monopolies and Monopolistic Competition.

M. Frenkel
Intereconomics, Vol. 24 (1989), No. 3, pp. 116-119

The International Debt Problem: An Analysis of the Brady Plan.

M. Frenkel
The Interaction of Flows and Stocks in Exchange Rate Determination), Das Wirtschaftsstudium (WISU), Vol. 17 (1988), pp. 622-627

Das Zusammenwirken von Strom- und Bestandsgrößen bei der Wechselkurs-bestimmung.

M. Frenkel
Fortbildung, Vol. 32 (1987), pp. 75-83

The International Debt Crisis – Facts, Causes, Solutions.

M. Frenkel

Beyond academic studies – Our alumni from the field.

Following their studies at WHU, our alumni often take high-level, high-impact roles within international organizations and corporations. Find out more about our alumni, along with their dissertation titles during their time at WHU:

 

NameCurrent PositionDissertation Title
Dr. Stefan BergheimCenter for Social Progress, FrankfurtLong-run growth forecasting
Dr. Dirk BleichDeutsche Bundesbank, FrankfurtMonetary Policy Rules: Empirical Applications based on Survey Data
Dr. Franziska CollingroCommerzbank, FrankfurtGlobal financial crisis, economic policy, and macroeconomic effects
Dr. Frank EngelsUnion Investment, FrankfurtNewer anti-inflationary theories and relevance for Latin America
Prof. Dr. Ralf FendelWHU - Otto Beisheim School of Management, VallendarThe development of the international per capita income distribution -Theoretical explanations and their empirical relevance
Dr. Katja FunkeInternational Monetary Fund, WashingtonBalance of Payments Issues in Central and Eastern European Countries Run-Up to Euro Area Accession
Prof. Dr. Wolf-Heimo GriebenMartin-Luther-Universität Halle-Wittenberg, HalleTrade and Technology as Competing Explanations for Rising Inequality An Endogenous Growth Perspective
Dr. Jin-Kyu JungWirtschaftsministerium, BerlinOn Recent Advances in Economic Forecasting Topics
Dr. Christian KoppGanske Verlagsgruppe GmbH, HamburgZur Bedeutung der internationalen Kapitalmobilität in neoklassischen und endogenen Wachstumsmodellen
Dr. Isabell KoskeOECD, ParisEquilibrium Exchange Rates Models, the Euro and the 2004 Expansion of the EU
Dr. Eliza LisEuropean Central Bank, FrankfurtTesting Traditional Macroeconomic Building Blocks and New Dimensions in Fiscal Policy
Dr. Matthias MauchGerandu GmbH, BerlinForecasting Behavior in foreign Exchange Markets
Dr. Holger MichaelisKapitalbilanzliberalisierung in der Volksrepublik China und ihre Einbettung in den volkswirtschaftlichen ReformprozessGIC Special Investments Pte Ltd, Singapore
Dr. Christiane NickelEuropean Central Bank, FrankfurtInsider und Outsider bei der Osterweiterung der Europäischen Währungsunion
Dr. Karin RadeckDeutsche Bundesbank, FrankfurtWechselkurszielzonen und Geldpolitik Voraussetzungen für die Tragfähigkeit eines Zielzonensystems
Prof. Dr. Jan-Christoph RülkeEBS Universität, Oestrich-WinkelExpectations in Financial Markets - A Survey Data Approach
Dr. Günter Schmidt Die nichtlinearen endogenen Konjunkturmodelle von Goodwin und Kaldor: Darstellung, Erweiterungen und empirische Relevanz
Dr. Marco SemmelmannBundesministerium der Finanzen, BerlinEconomic Aspects of European Union Trade Policy
Prof. Dr. Georg StadtmannEuropa-Universität Viadrina, Frankfurt/OderNoise-Trader auf Devisenmärkten Viel Lärm um Nichts?
Haiko StefanHelaba, Frankfurt 
Dr. Yiqiao Sun Essays in Empirical Macroeconomics
Dr. Christoph SwonkeDZ Bank, FrankfurtThe New Open Economy Macroeconomics of Exchange Rate Pass-Through and Foreign Direct Investment
Dr. Andreas TudykaInternational Monetary Fund, WashingtonAccounting for Time-Varying and Nonlinear Relationships in Macroeconometric Models
Dr. Benedikt WalterWirtschaftsministerium, BonnThe Effects of International Investment Agreements on Foreign Direct Investment
Dr. Torsten WezelInternational Monetary Fund, WashingtonDeterminants of Foreign Direct Investment in Emerging Markets - An Empirical Study of Outward FDI Flows of Germany and its Banking Sector
Prof. Dr. Lilli ZimmermannHochschule der Deutschen Bundesbank, HachenburgTrade Determinants and Current Account Forecasts

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Professor Michael Frenkel
Professor Michael Frenkel
Chairholder
Dörthe Barlach
Dörthe Barlach
Personal Assistant