Cornelia Holthausen


  • Research in the main fields of interest
  • Advice on policy and research matters in the areas of money markets and the operational framework as well as payments and settlement systems
  • Member of the Editorial Board of the ECB Working Paper Series

Fields of interest:

  • Money markets and central banks' operational frameworks
  • Theoretical banking, banking supervision
  • Payments and settlement systems


  • 1999: PhD in Economics, Universitat Pompeu Fabra, Barcelona
  • 1995: MSc in Economics, Universitat Pompeu Fabra, Barcelona
  • 1994: Diploma in Economics, Bonn University

Professional experience:

  • since 2011: Head of Division (ECB, Financial Research Division)
  • 2007-2011: Adviser (ECB, Financial Research Division)
  • 2005-2007: Principal Economist (ECB, Market Operations Analysis Division)
  • 2004-2005: Principal Economist (ECB, Financial Research Division)
  • 1999-2004: Economist (European Central Bank, Financial Research Division)


  • Bocconi University conference on "Business Models in Banking" best paper prize" (for "Liquidity Hoarding and Interbank Market Spreads"), 2010)
  • Marjolin prize of SUERF (for paper "Liquidity Hoarding and Interbank Market Spreads"), 2010)
Title Authors Where Date
Efficient Pricing of Interbank Payment Systems Cornelia Holthausen and Jean-Charles Rochet Journal of Money, Credit, and Banking 38(7), 2006 2006-11-05
Raising Rival’s Costs in the Securities Settlement Industry Cornelia Holthausen and Jens Tapking Journal of Financial Intermediation 16(1), 2006 --
Interbank Market Integration under Asymmetric Information Cornelia Holthausen and Xavier Freixas The Review of Financial Studies 18(2), 2005 2005-05-05
Regulating Access to International Large-Value Payment Systems Corrnelia Holthausen and Thomas Ronde The Review of Financial Studies 15(5), 2002 2002-11-05