The aim of the Research Priority Program "Finance and Financial Markets” (hereafter referred to as RPP Finance) is, on the one hand, to analyse interactions between financial markets and macro-economy and, on the other hand, to link new areas and approaches to finance, such as behavioural sciences, ethics and law with traditional methods of financial markets theory and to conduct an interdisciplinary research. From this basic research, numerous applications in various areas will result. These include financial markets regulation, retirement provisions, corporate finance, asset pricing and asset management.