 He was previously head of International Policy Analysis at the European Central Bank.He also teaches International Finance in the Ph.D. programme in Economics at Goethe University Frankfurt.Fratzscher holds a Vordiplom degree from the University of Kiel, a Bachelor of Arts in Philosophy, Politics and Economics from Trinity College, Oxford, a Master of Public Policy from Harvard University's John F. Kennedy School of Government, and a Doctor of Philosophy from the European University Institute in Florence, Italy.