Hartmann, Philipp

Other current responsibilities
  • 2015-
    Coordinator, Committee on Financial Integration, European Central Bank
  • 2010-
    Associate Editor, Journal of Financial Stability
  • 2006-
    Research Fellow, Centre for Economic Policy Research, London, United Kingdom
  • 2010-2014
    Chairman, ESCB Macroprudential Research Network (MaRs)
  • 1997-2006
    Research Affiliate, Centre for Economic Policy Research (CEPR), London, United Kingdom
  • Chairman Editorial Board of the ECB Working Paper series
  • Chairman ECB Lamfalussy Fellowship Program
  • Co-Editor ECB Research Bulletin
  • Member ECB Macroprudential Contact Group
  • Member ECB Committee on Financial Integration
  • Member Scientific Committee Fondation Banque de France
  • 1993-1996
    Doctorat en Sciences Economiques, DELTA (ENS-EHESS-CNRS), Paris, France, European Doctoral Program in Quantitative Economics
  • 1992-1993
    MA in Economics (Monetary and Macroeconomics), Université Catholique de Louvain, Belgium
  • 1986-1992
    Diplom in Volkswirtschaftslehre, Universität Mannheim, Germany
Professional experience
  • 2011-
    Deputy Director General - Directorate General Research, European Central Bank, Frankfurt, Germany
  • 2011-2011
    Principal Adviser - Directorate General Research, European Central Bank, Frankfurt, Germany
  • Chaired part-time professor for Macro-financial Economics, Erasmus University Rotterdam, Netherlands, since 2010
  • Vice President of SUERF, The European Money and Finance Forum, Vienna, Austria, 2006-2011
  • Head of the Financial Research Division at the European Central Bank, Directorate General Research, Frankfurt, Germany, 6/2004-3/2011
  • Principal of the Economic and Financial Research Unit at the European Central Bank, Directorate General Research, Frankfurt, Germany, 1/1999-5/2004
  • Senior Economist at the European Central Bank, Directorate General Research, General Economic Research Division, Frankfurt, Germany, 6/1998-12/1998
  • Economist at the European Monetary Institute, Monetary, Economics and Statistics Department, Stage Three Division, Frankfurt, Germany, 10/1997-5/1998
  • Research Fellow in Financial Regulation at the London School of Economics and Political Science, Financial Markets Group, London, United Kingdom, 10/1995-9/1997
  • Policy work: Contributions to ECOFIN Council, ECB Governing and General Council, ECB Executive Board, European Systemic Risk Board, European Commission fora, Basel Committee on Banking Supervision, IMF Article IV consultations, United Nations Economic Commission for Europe, Bank of England Central Bank Governors’ Symposium, Center for European Policy Studies Chief Economist Meeting, European League for Economic Cooperation, ECB Monthly Bulletin and Annual Report, ECB Financial Stability Review, ECB Report on Financial Integration in Europe, ECB Review of the International Role of the Euro and other reports; Chair or member of various internal and external task forces and working groups
Teaching experience
  • 1999-2005
    Design and teaching of various courses and modules in finance, microeconomics, macroeconomics and international economics - European Central Bank, Frankfurt, Germany
  • 1992-1992
    Market Economics - Eastern German civil servants after reunification, Riesa, Germany
  • 2002
    First CEPR/European Summer Institute Prize for the best central bank research paper
  • 1992
    EU Commission scholarship "Human Capital and Mobility"

ECB Working Paper Series

ECB Occasional Paper Series

ECB Forum on Central Banking

Journal publications

Fecht, F., Grüner, H.-P., and Hartmann, P.
Financial Integration, Specialisation and Systemic Risk
Journal of International Economics, Vol. 88, No 1, pp. 150-161
O. de Bandt, P. Hartmann and J. Peydro
Systemic Risk in Banking: An Update
Oxford Handbook of Banking, Oxford University Press
P. Hartmann, S. Straetmans and C. de Vries
Heavy Tails and Currency Crises
Journal of Empirical Finance
X. Freixas, P. Hartmann and C. Mayer (eds.)
Handbook of European Financial Markets and Institutions
Oxford University Press
R. Ferguson, P. Hartmann, F. Panetta and R. Portes
International Financial Stability
Geneva Report on the World Economy
E. Carletti, P. Hartmann and G. Spagnolo
Bank Mergers, Competition and Liquidity
Journal of Money, Credit and Banking
P. Hartmann, S. Straetmans and C. de Vries
Banking System Stability: A Cross-Atlantic Perspective
The Risks of Financial Institutions (National Bureau of Economic Research and Chicago University Press)
P. Hartmann and M. Kwast
Managing Financial Research in Central Banks
Central Banking
P. Hartmann, S. Straetmans and C. de Vries
Asset Market Linkages in Crisis Periods
Review of Economics and Statistics
P. Hartmann, A. Maddaloni and S. Manganelli
The Euro-area Financial System: Structure, Integration and Policy Initiatives
Oxford Review of Economic Policy
C. Detken and P. Hartmann
Features of the Euro’s Role in International Financial Markets
Economic Policy
P. Hartmann, M. Manna and A. Manzanares
The Microstructure of the Euro Money Market
Journal of International Money and Finance
C. Detken and P. Hartmann
The Euro and International Capital Markets
International Finance
P. Hartmann
Trading Volumes and Transaction Costs in the Foreign Exchange Market: Evidence from Daily Dollar-Yen Spot Data
Journal of Banking and Finance
P. Hartmann
Do Reuters spreads reflect currencies' differences in global trading activity?
Journal of International Money and Finance
J. Danielsson, P. Hartmann and C. de Vries
Extreme Returns, Value-at-Risk and the Basel Multiplication Factor
P. Hartmann
Currency Competition and Foreign Exchange Markets: The Dollar, the Yen and the Euro
Cambridge University Press
P. Hartmann
Credit Derivatives: A New Beast to Be Tamed?
The Financial Regulator