Prof. Dr. Andre Guettler

Director of the Institute

Andre Guettler holds a doctoral degree from Goethe University Frankfurt. Before joining Ulm University in April 2013, he was Assistant Professor and Heisenberg Scholar at EBS Business School. He was visiting National University of Singapore, University of Texas at Austin, Tilburg University, Coppead Business School, and the Federal Reserve Bank of Chicago.

His current research concentrates on Crypto Currency markets, Non-fungible Tokens (NFTs), and Quantitative Asset Management. The German Science Foundation (DFG) has been supporting four research projects and his Heisenberg Scholarship. Since June 2016, he has been appointed as Research Professor at the Halle Institute for Economic Research (IWH). 



Selected Publications

Gender and Banking: Are Women Better Loan Officers?, with T. Beck and P. Behr, Review of Finance 17 (2013), 1279-1321

VoxEU column, NY Times Economics Blog, The Wall Street Journal Economics Blog


The Impact of Public Guarantees on Bank Risk Taking: Evidence from a Natural Experiment, with R. Gropp and C. Gruendl, Review of Finance 18 (2014), 457-488 

VoxEU column, Ökonomenstimme column

Best paper award - Conference of the German Finance Association 2010

"Virtual Issue: Politics and International Finance" of the Review of Finance

EFA 2010, AFA 2011


Financial Incentives and Loan Officer Behavior: Multitasking and Allocation of Effort Under an Incomplete Contract, with P. Behr, A. Drexler, and R. Gropp, Journal of Financial and Quantitative Analysis 55 (2020), 1243-1267.

FAZ ("Der Volkswirt")

EFA 2014, AFA 2015

Semifinalist best paper award in the category financial markets and institutions, Financial Management Association 2016 


Public Guarantees and Allocative Efficiency, with R. Gropp and V. Saadi, Journal of Monetary Economics 116 (2020), 53-69.

EFA 2015, Day-Ahead Conference of the Fed San Francisco 2016, FIRS 2016, BHC/BoE/CEPR/CFM conference on Finance, Investment and Productivity 2016; Chicago Financial Institutions Conference 2017,  MIT Golub Center for Finance and Policy Conference 2017

German Research Foundation, grant number 3596/3-1


Pre-Publication Revisions of Bank Financial Statements: A Novel Way to Monitor Banks?, with M Naeem, L. Norden, and B. Van Doornik, Journal of Financial Intermediation 58 (2024), 101073.


Selected Working Papers

Trust in a Trustless Network: The Case of the Bitcoin Flash Crash on May 19, 2021, with T. Baumgartner

Unmasking Cryptocurrency Pump-and-Dump Schemes: An Autoencoder Approach for Detection, with D. Reibel and A. Scherp

Do Public Bank Guarantees Affect Labor Market Outcomes? Evidence from Individual Employment and Wages, with L. Fuerstenfelder, G. Gebhardt, R. Gropp, and A. Taskin

German Research Foundation, grant number GU 984/4-1


Work in Progress

Smart Money in the NFT Market, with O. Padmaperuma

Bitcoin Ordinals - An Exploration of Bitcoin‘s Evolving Ecosystem, with A. Wiedenmann

Professor Andre Guettler


Prof. Dr. Andre Guettler
room: 205
phone: +49 (0) 731/50 31030
e-mail: andre.guettler (at)



Ulm University
Institute of Strategic Management and Finance
Helmholtzstraße 22
89081 Ulm