Prof. Dr. rer. nat. Susanne Kruse

Vita

Since March 2015: Professor of Mathematics at the Faculty of Business and Economics, Karlsruhe University of Applied Sciences
2005–2015: Professor of Derivative Financial Instruments and Quantitative Methods at the University of Applied Sciences of the Savings Banks Finance Group (Hochschule der Sparkassen-Finanzgruppe - University of Applied Sciences - Bonn), Bonn
2013 (September–December): Visiting Professor at the Business School der University of Auckland, New Zealand
2002–2005: Research Associate at the Fraunhofer Institute for Industrial Mathematics (ITWM), Department of Financial Mathematics
2001–2002: Risk Controlling Analyst at Pfandbriefbank International S.A., Luxembourg
2001: Doctorate (Dr. rer. nat., summa cum laude) in Stochastic Analysis under the supervision of Prof. Dr. Jürgen Potthoff, Faculty of Mathematics and Computer Science, University of Mannheim
1998–2001: Research Assistant at the Seminar for Statistics (Prof. Dr. Horst Stenger), Faculty of Economics, University of Mannheim, and at the Chair of Mathematics V (Prof. Dr. Jürgen Potthoff), Faculty of Mathematics and Computer Science
1995–1998: Studies in Mathematics with a minor in Business Administration at the University of Mannheim; degree: Diplom-Mathematikerin (with distinction)
1994–1995: Studies in Mathematics and Political Science at the University of Sussex, Brighton, United Kingdom
1991–1994: Studies in Mathematics with a minor in Business Administration at the University of Mannheim
1989–1990: 16-month Au Pair stay in Toronto, Canada
1989: Abitur (German university entrance qualification)

Teaching

Courses taught at Hochschule Karlsruhe University of Applied Sciences

• Quantitative Methods (methods of empirical research, statistical tests and goodness-of-fit criteria, determination of sample size) in the Master’s programme International Management
• Academic Research and Writing (foundations of philosophy of science, methods of empirical economic research, fundamentals of academic writing) in the Bachelor’s programme Business Administration.
• Financial Risk Controlling (orientation, organisation and strategy of financial risk management—treasury management and risk controlling; systematisation and measurement of financial risks of an internationally operating company; measurement of the total risk of a portfolio using different risk measures such as Value at Risk and Monte Carlo simulation) in the specialisation iFACT (International Finance, Accounting, Controlling and Taxation) in the Master’s programmes International Management and Industrial Engineering and Management
• Financial Engineering (fundamental principles of financial mathematics and interest calculation; determination of direct and implicit market parameters; stochastic modelling of the price behaviour of selected spot products; valuation of selected financial derivatives) in the specialisation iFACT (International Finance, Accounting, Controlling and Taxation) in the Master’s programmes International Management and Industrial Engineering and Management
• Operations Research (simplex method, Gomory method, transportation problems, assignment problems, travelling salesman problems) in the Bachelor’s programme International Management
• Statistics (descriptive statistics, probability theory, inferential statistics) in the Bachelor’s programme International Management
• Mathematics B (logic, linear algebra, matrix calculus, financial mathematics, numerical methods) in the Bachelor’s programme Industrial Engineering and Management

Teaching Award for Online Teaching, Hochschule Karlsruhe 2021
 

Research

 Research Interests

• Financial engineering and the valuation of derivatives
• The use of derivatives in the treasury of banks and corporations and in municipal financial management
• Teaching and learning of mathematics at the transition from secondary school to higher education
• The use of innovative teaching and learning methods in mathematics education
• Learning analytics and the Scholarship of Teaching and Learning (SoTL)

Publications

Monographs

• Kruse, Susanne (2021): Formelsammlung zu Aktien-, Zins-und Währungsderivaten, 2. Auflage, Springer Verlag
• Kruse, Susanne (2021): Aktien-, Zins- und Währungsderivate – Märkte, Einsatzmöglichkeiten, Bewertung und Risikoanalyse, 2. Auflage, Springer Verlag
• Kruse, Susanne (2001): A Generalized Parametrix Method, Smoothness of Random Fields and Applications to Parabolic Stochastic Differential Equations, Dissertation, Logos Verlag

Publications in Refereed Journals

• Kruse, Susanne (2011): On the Pricing of Inflation-Indexed Options, in: European Actuarial Journal, Vol.1. Suppl. 2 S. 379-393
• Krüger, Regina / Kruse, Susanne / Sauerbier, Peter / Wehn, Carsten (2009): Inflationsgebundene Finanzprodukte: Einblicke in eine innovative Assetklasse, KREDIT und KAPITAL, 01/2009, S. 145-165
• Schröder, Michael / Heinemann Friedrich / Kruse, Susanne / Meitner, Matthias / (2007): Pay High in Good Times, Pay Low in Bad Times - Development Finance using GDP-linked Bonds, Journal of International Development 19, 667-683
• Kruse, Susanne / Meitner, Matthias / Schröder, Michael (2005): On the Pricing of GDP-Linked Financial Products, in: Applied Financial Economics, 15, 1125–1133
• Kruse, Susanne / Nögel, Ulrich (2005): On the Pricing of Forward Starting Options in Heston\'s Model on Stochastic Volatility, in: Finance & Stochastics, 9, 233-250
• Korn, Ralf / Kruse, Susanne (2004): Einfache Verfahren zur Bewertung von inflationsgekoppelten Finanzprodukten, in: Blätter der DGVFM, Band XXVI, Heft 3, S. 351-367, Mai 2004
• Deck, Thomas / Kruse, Susanne (2002): Parabolic Differential Equations with Unbounded Coefficients A Generalization of the Parametrix Method, in: Acta Applicandae Mathematicae, Nr. 74, S. 71-91

Publications in Books and Edited Volumes

• Kruse, Susanne / Mandausch, Martin (2022): Individuelle Lernpfade in der Mathematik, in: Riegler, Peter / Maas, Christoph (Hrsg.) (2022): Scholarship of Teaching and Learning in der Mathematik. Mathematik-Lehre forschend betrachten. DUZ open. DOI 10.36197/DUZOPEN.030
• Kruse, Susanne (2012): Schwerpunktbeitrag "Derivate", in: Breuer W. / Schweizer, T. / Breuer, C. (Hrsg.), Lexikon Corporate Finance, Gabler Verlag, S. 134-138
• Kruse, Susanne / Sauerbier, Peter / Wehn, Carsten (2010): "Management von Inflationsrisiken in Banken", in: Treasury Management, Band1, Herausgeber: S. Zeranski, Verlag FinanzColloquium, S. 444-474
• Deck, Thomas / Kruse, Susanne / Potthoff, Jürgen / Watanabe, Hisao (2001): White Noise Approach to Stochastic Partial Differential Equations, in Stochastic Partial Differential Equations and Applications, Lecture Notes in Pure and Applied Mathematics, Herausgeber: G. Da Prato, L. Tubano, Verlag Marcel Dekker

Publications in Scientific Conference Proceedings

• Kruse, Susanne / Müller, Marlene (2009): A Summary on Pricing American Call Options under the Assumption of a Lognormal Framework in the Korn-Rogers-Model, in: Modh, Tahir Ismail/ Adli, Mustafa (Hrsg.) 5th Asian Mathematical Conference Proceedings (Volume III), June 2009, S.71-78
• Kruse, Susanne (2004): On Forward Starting Options, in: Selected Proceedings of the International Scientific Conference on Information Society and Modern Business, Latvia, S. 191-195

Expert Reports

• Beurteilung eines Swapgeschäftes, Gutachten für die Stadt Pforzheim, Baden-Württemberg (in Zusammenarbeit mit dem Fraunhofer Institut für Techno- und Wirtschaftsmathematik), 2011

Reviews

• Wiedemann, Arnd / Achtert, Peik /Betz, Heino (2006): Emission und Vertrieb strukturierter Finanzprodukte, Stuttgart. Rezension in: Betriebswirtschaftliche Blätter, 55. Jahrgang, Nr. 06.
• Wertheim, Margaret (2000): Die Himmelstür zum Cyberspace - Von Dante zum Internet, Zürich. Rezension in: Bild der Wissenschaft, 7/2001, S. 89.

Other Publications

• Kruse, Susanne / Straub, Fabian (2018): Der Einsatz von Zinsderivaten vor dem Hintergrund einer hohen Kassenkreditverschuldung der Kommunen in: VM Verwaltung & Management, Jahrgang 24, Heft 2, 78-87
• Barth, Wolfgang / Kruse, Susanne (2016): Systematische Vertriebsplanung durch Ausrichtung auf Marktpotenziale, in: Betriebswirtschaftliche Blätter, 65. Jg., Nr. 5, 11 Seiten, vom 04.05.2016
• Kruse, Susanne / Müller, Marlene (2012): A Summary on Pricing American Call Options under the Assumption of a Lognormal Framework in the Korn-Rogers-Model, in: BMMSS (Bulletin of the Malaysian Sciences Society, Vol. 35, No. 2A, 573-581
• Böhm-Dries, Anne / Breuer, Claudia /Kruse, Susanne (2009): Wetterrisiken sind noch nicht stark im Bewusstsein, in: Betriebswirtschaftliche Blätter, 58. Jg., Nr. 11, S. 652–654
• Kruse, S. / Müller, M. (2009): Pricing American Call Options under the Assumption of Stochastic Dividends - An Application of the Korn-Rogers-Model, in: Berichte des Fraunhofer ITWM, Nr. 158
• Böhm-Dries, Anne / Breuer, Claudia /Kruse, Susanne (2009): “Bedarf und Einsatz von Absicherungsinstrumenten gegen Wetterrisiken in der Sparkassen-Finanzgruppe”,  Wissenschaftsförderung der Sparkassen-Finanzgruppe e.V. (Hrsg.): Wissenschaft in der Praxis, Sonderheft, S. 7-9
• Köppel, Michael / Köster, Thomas / Kruse, Susanne (2009): Folgen der Abgeltungssteuer auf ausgewählte Derivate, in: Betriebswirtschaftliche Blätter 03/2009, S. 153-155
• Böhm-Dries, Anne / Kruse, Susanne (2008): Kreditderivate, in: WISU 06/08, S. 854-859,  901-902
• Köppel, Michael / Kruse, Susanne (2008): Ist der deutsche Kapitalmarkt reif für Immobilienderivate?, in: Betriebswirtschaftliche Blätter, 05/2008, S. 238-243
• Kruse, Susanne (2007): Derivative Finanzinstrumente, in: WISU - das Wirtschaftsstudium, 6/07, S. 807-813, -847
• Schröder, Michael / Heinemann, Friedrich / Kruse, Susanne / Meitner, Matthias (2004): GPD-linked Bonds as a Financing Tool for Developing Countries and Emerging Markets, ZEW Discussion Paper No. 04-64
• Kruse, Susanne (2003): On Forward Starting Options in Theory and Practice, in: WILMOTT Magazine, September 2003
• Kruse, Susanne (2001): Mathe für Moneten, in: Bild der Wissenschaft, 02/2001, S. 68-70

Blog Posts

• Kruse, Susanne (2020): Finanzprodukte – Transparenz oder Opazität? Bringen Sie Licht ins Dunkel!, Beitrag im Finanzblog "Schließlich ist es Ihr Geld!".

Interests

• Painting and sculpture
• Reading, for example Sapiens: A Brief History of Humankind by Yuval Noah Harari
• Astronomy—or simply looking at the stars
• Running, running, and running